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5 low cost remodeling projects

These high performance, low cost San Diego foreclosure home improvements add to your fun now and improve your foreclosure homes value down the road. In the fast changing foreclosure Real Estate market, you have to think smart and save money when remodeling your San Diego foreclosure homes and real estate. Here are a few low cost tips that will help you save money on your foreclosure home improvements, and make money when you fix and flip your San Diego foreclosures and REO's.

As house values drop across much of the country and loans become harder to get, homeowners are finding themselves with fewer easy-money options for lavish remodels. Instead, they're going after projects that cost less at the outset or garner practical savings -- or both -- and hold their value when it comes time to sell.

Rather than grand kitchen and bath upgrades that expand and rejigger floor plans, many homeowners in the middle price range -- that's under $500,000 in most markets -- are ordering modest, practical, recession proof improvements that build a home's long-term value while, for example, boosting energy conservation and allowing owners to settle in and enjoy the place, since they're unlikely to turn a profit on it right away.

Erik Anderson, co-owner of Anderson-Moore Builders in Winston-Salem, N.C., says clients tell him, "I'm going to batten down the hatches and fix this place up and live in my house for a while."

Data from Remodeling magazine's annual Cost vs. Value Report show that higher-priced remodeling projects are recouping less of their cost in 2007. In 2003, the average return on investment after one year for upscale remodeling projects was 82.5% of the cost to build. That dropped to 75.5% last year and to 70% in 2007. 

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