The Home Improvement Program helps eligible low and moderate-income households with major home systems, such as the roof and heating system. These projects are meant to address interior and exterior health conditions, as well as substandard code requirements. To qualify for the program, you must own a residential property, have paid property taxes and mortgage in full, and have at least one major system in need of repair.
While whole-house renovations can add significant value to your home, they can also be an expensive endeavor. However, home improvement projects don’t have to break the bank, and they can increase your home’s value if you have the right attitude and some sweat equity. The following are some home improvement projects that don’t cost a fortune, but will add significant value to your property.
Major projects in the home include roof replacement, siding, and foundation repairs. While these projects may be difficult to tackle alone, they will impact other projects. For example, replacing a roof requires replacing weakened walls, joists, and carrying beams. Similarly, replacing windows and siding can affect future remodeling work.
Home improvements can also be a tax-deductible investment. According to TaxSlayer, these improvements can increase the value of your home. These improvements can include installing a new roof, replacing siding, installing insulation in the attic, installing a new septic system, and adding built-in appliances. Depending on your local tax code, some home improvements are tax-deductible, but others may only be deducted in the year of sale.