These days, most homeowners are facing a scary reality: a rapid decline in their home’s value. According to the National Association of Realtors, median existing home prices are down 7.1% from last July — and aren’t expected to recover until well into 2009.
One way to buck the trend and boost the value of your home is to make some basic renovations. There’s no need to embark on big-ticket projects — you probably won’t recoup all of the costs anyway. Instead, seek out some inexpensive projects that will not only brighten up the place, but put a little extra cash in your pocket should you decide to sell your home. Here are five worth considering: