High mortgage rates have led many homeowners to invest in renovations rather than moving, with 56% participating in home improvements amid rising spending.
Experts advise that home improvements should be investment-wise, focusing on upgrades that enhance property value rather than strictly personal taste.
Common renovations that can boost property value include new garage doors, kitchen remodels, and roofing, while luxury upgrades often don't yield good returns.
Financing renovations through cash from savings is most popular, but homeowners should be cautious about using credit or HELOCs for personal projects.
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