Home equity is very important in today’s real estate market. Not many people have any, and those that do, often have very little. To make sure that you get the best bang for your buck in terms of equity and resale value, follow the tips and suggestions in this article.

Always insist on references before hiring a contractor to work on your home improvement project. Make sure your potential contractor is properly licensed to perform the work in question. Hiring a professional is worth the money to give you peace of mind that the job is done right the first time.

Put a stop to your squeaky floor by using construction adhesive. You have to work in your crawlspace or in the basement, but it is going to be worth it. You will basically be gluing each floor joist to its neighbor by applying a glue line along each one with a caulking gun.

Improvements to your home will not pay you back right away. Don’t make any upgrades or improvements to your home if you will be moving in less than three to five years. This is now the time frame that it takes in order to recoup the costs of the upgrades that you make.

Is it cheaper to do it yourself or pay someone else? If you decide to completely re-do your bathroom, but know nothing about plumbing, it might be beneficial to pay a plumber to come in. Also, you can check out the self help books at your local building supply. Don’t be afraid to ask. A simple project shouldn’t cost more because of inexperience.

Instead of investing in all new furniture, you may consider having your current furniture repaired and reupholstered by a professional. Many times older furniture is higher quality and with some affordable repairs and refurbishing you will have better furniture for less money than when you invest in low-price new furniture.

Install ceiling fans to disperse heat and cooling better throughout your home. During the mild seasons, ceiling fans can provide all the cooling you need. Throughout the colder winter months, your ceiling fans can spread out the warm air from your heating system faster, cutting down on expensive heating costs.

If you are doing a home improvement project that involves demolition, slow down and take your time. It may be exciting to smash that wall open, but you could damage structural supports, plumbing, or electrical connections. The same is true of pulling down cabinets and other fixtures. Once you’ve demolished it, it can’t be put back, so pay attention to what you’re doing.

To give an ordinary room a sleek and finished look, add some decorative molding. Molding is highly sought after by many buyers, and can make a room look more put together. Molding is surprisingly easy to install, and is fairly inexpensive. To really make your molding pop, paint it a color that compliments your walls.

With the housing market still being so depressed, it can seem like a waste of money to even do any remodeling on your home. But the truth of the matter is that buyers are still expecting a certain level of updates in the homes that they purchase. Following these tips will ensure that you have what buyers want.