Remodeling projects pay off, especially a tax-friendly new door

Remodeling projects pay off
Remodeling projects pay off

The best kind of house to own is one that needs love. Even in the current downtrodden market, the price for a fixer-upper is significantly less than you'll pay for a home on which someone has lavished attention.

The good thing about buying a fixer-upper is you're not paying extra for someone else's idea of what looks great. You can put your own stamp on the property – make it just the way you like it – and still not spend as much as you'd probably pay if you bought the nicest house in the neighborhood.