Don’t move – improve: the new strategy for American homeowners

Are lower real estate values keeping you in your current home - even though you were hoping to upgrade? Or, maybe you can't bear the thought of boxing up all your belongings to move? You're not alone. More homeowners are staying in their current homes, but remodeling with the idea of improving their quality of life and adding more "live-in value," according to recent research from Consumer Reports.

Why a home remodel may be better than a savings account

Improving your home can be a smart strategy over the long run. In the meantime, it can make your home more comfortable and convenient while you're living there. Now is the time to ask yourself if putting your hard-earned savings into your house is right for you. You won't see the return on your investment in the near-term, but when you factor in a quicker sale or higher sale price, you could end up with more profit than savings account interest rates can provide.