Home Remodeling Raising the Value of your Home

home

Home remodeling is thriving. Maybe it’s because old houses are starting to need the tender love and care that owners have been conveniently harboring for other matters, maybe it’s because the baby boomers are finally starting to settle down and make comfortable and livable niches for themselves, maybe it’s because peer pressure and shiny ads have finally gotten to everyone, all at once. No one is sure – all we know is that home remodeling is hot.

Home remodeling has the obvious advantages of transforming your space into your space, customizing and designing it according to your individual needs and wants. It also updates outdated and outmoded appliances, structures and designs and can add usable space in your house. The comfort and pleasure you get from your newly renovated space is an obvious plus.

But remodeling has another, equally important advantage – it increases the value of your home. Whether you plan to move out soon or stay put for a good long time, it’s worthwhile to consider what influence the remodeling job you are planning will have on the value of your home.

Certain remodeling projects are more likely to recoup your costs for you when you sell your home. For example, both a minor kitchen remodel and siding replacement recoup a national average of 93% upon sale. A mid range bathroom remodel recoups 90% and a mid range bathroom addition recoups 86%. A basement remodel recoups about 79%.

The above numbers are very loose suggestions for what you will gain back upon the sale of your house and there are many factors that contribute to how your particular remodeling project will account in the sale of your home.

For example, the national average does not reflect local economies and house markets. A stagnant local economy has led to homeowners recovering an average of 65% of money spent on remodeling projects while in some economically active areas homeowners recoup an average of 109%. People tend to make more of their money back if they wait longer to sell after the remodel job. By the same token, don’t wait too long as the remodeling job will wear out and have to be redone.

If you are remodeling in order to increase the comfort and usability of your home then you are probably going to pick areas that need attention, which may or may not be the areas that tend to be most profitable in the house market. However, the following are some suggestions that may help you recoup the maximum possible when you remodel your home.

First, if you are still deciding what project to do, think about the fact the some projects consistently recoup more money, kitchens and bathrooms topping the list without fail. On the other hand, pools and decks tend to make back least. There are some geographical variations – decks built in areas down south will recoup more than those built in the northeast, for example.

Second, low priced projects usually have a higher cost recovery than more expensive, more upscale remodeling jobs. People are willing to pay for something that increases the quality of the space in their potential new house, but they do not want to pay for lavish renovations that you splurged on, especially if they wouldn’t have done it themselves. A mere facelift in a kitchen will probably pay back more than a complete redesign. This tends to vary by neighborhood and can depend on the prices of the homes in the neighborhood.

Either way, if you want to make your money back upon sale, do not remodel to make your house the most expensive in the neighborhood. Although this will certainly attract people to the house, not many will be willing to pay the price. If someone is willing to pay more than what the majority of the houses in the neighborhood are worth, chances are they will just look for a home in a different, more expensive area.

And lastly (this is always the most sensitive point), be wise with your designs. If you know that you are planning to sell, try to stick to neutral, sellable designs. Neutral designs are easier to market and people tend to prefer them because they are easier to modify to personal style. When people buy a home they want to make it theirs without, for example, a rhinestone fireplace or intricate designs making them feel like strangers in someone else’s quarters. If you feel like neutral designs would really stifle your style and make you feel like a stranger in someone else’s abode while you live there, try decorating using techniques that are easily altered, like wall colors that you can quickly repaint when you begin the process of selling.

Be wise with the remodeling choices you make and research them before you jump into demolition or buy matching grout for seven rooms. Each area is different and this could work out either well or poorly for you. With some quick investigating you can decide which remodeling project is most appropriate and how to go about it in the best way.

Things To Consider When Planning For Home Remodeling

Any homeowners would at least undertake one major home remodeling plan in the lifetime. There could be lot of reasons such as ugly wallpaper, stain, cracked or nasty linoleum floor. Mainly people deal with kitchen and bathroom remodeling and they also remain important, but might not be really necessary for all kind of homes, you need to make your choice according your needs.

The most excellent home remodeling ideas are the ones, which assure to develop your class of life. Bathroom and kitchen remodels might actually have the chief average fiscal return on the investment made, but any home remodeling plan would probably add to your land value and few add the complete cost of the renovation. Your principal want might be a home office or the cellar remodel. The family room might be in real bad form due to the pet damage that it’s pleading to be deal with first. In addition, you might not actually know what a possible home buyer is going to like most.

Major Home Remodeling Ideas

In spite of the home area you select for remodel, the input to a winning home remodeling project is simply planning. Trade shows, display area and the Internet are all amazing ways to make beginning ideas. You must give yourself for a while to get a sense for what you actually desire, the size of your project budget, and how you could get finance for the remodel. For big home remodels, a tradition floor plan and other building consents are obligatory before any real production starts. You of course don’t want to have entire answers, but the more you understand about what you need the more competent and annoy free your remodeling plan will be.

In addition, by taking a more practical, well-informed, and patient move towards your home remodeling project, you can actually reduce the risk of miscommunication among you and your contractor. You would further boost the ability of carrying out your home remodel/renovation and, certainly, decrease the actually cost of your plan, while yet getting all that you desire from your fresh home living area.

Not all home remodeling plans comprises wide planning and other floor plans. Replacing your boring wallpaper, counting storage cabinets, or just revamping could change some of your areas in home without the pricey process of an entire bathroom or the kitchen remodel. Another amazing foundation for home remodeling plan is to increase your money roughly and keep away from discarding all your dispensable cash into one particular area. This is particularly accurate for homeowners that carry some additional cash, will like to smarten up their home, but do not have one part of the home, which has any urgent remodeling needs. So decide upon your needs and work along with the contractor for completely home remodeling!

Your Home Can Feel New Again With Home Remodeling

Many people buy a house that is several years old because they like its location, or its general design. There is no need to tear down a perfectly good house and build a new one on the same spot, when a home remodeling firm can make any home look and feel new again.

A home remodeling can consist of such jobs as redoing a kitchen or bathroom, or adding an addition over a garage, or even a sunroom. Experienced construction firms that also specialize in remodeling will be happy to give homeowners estimates on any type of remodeling job they might envisage.

Before a homeowner decides to embark on a remodeling project, there is a great deal of work to be done. Just as the old adage for carpenters is, “Measure twice, cut once,” so the adage for homeowners is “Know what you want done, have done only what you want.” In other words, it can be expensive for the homeowner to change his or her mind halfway through a home remodeling and decide on additional features which would necessitate tearing out part of the remodeling job and redoing it because a “better idea” has occurred.

For this reason, it’s important that anyone who wants home remodeling spend a lot of time thinking about what they want done, and envisaging what any project would look like on its completion.

Once the homeowner has decided that they want to remodel their bathroom, for example, they should spend a couple of weeks at least viewing alternatives – visiting the homes of their friends, stopping in at model homes, or exploring catalogs featuring the latest in bathroom furnishings, to get ideas on what they think will look good.

Once they have a few good ideas of what they want, then it is time to visit a few home remodeling contractors. Homeowners should talk to the contractors and ask them for estimates on how much their project would cost, and what the process would entail. If the homeowner simply doesn’t know what would be best, he or she should be comfortable asking for advice from the contractor.

Homeowners should never choose the first home remodeling contractor they visit. Home remodeling is a competitive business, and it’s important to obtain estimates from three or even four remodelers.

Companies that specialize in home remodeling can be found by going through the Yellow Pages or looking on the internet, but it’s important to do research on each potential company. Information to find out include:

How long has the company been in business?

Will they give references from three or four homeowners who have had the same type of work done?

Is the company licensed by the state, and does it have insurance. Your local state government will have a website which lists which contractors are licensed.

Finally, homeowners should spend some time talking to several people at each contractor’s. Home remodeling can take anywhere from a week to a few months, and it is important that the homeowner like the people who will be doing the work!

Home Remodeling Can Increase the Value and Comfort of Your Home

Home remodeling improvements can provide a significant boost in improving both your living space as well as the value of your home. It can often make your home more energy efficient while making it more comfortable and attractive.

Many folks plan remodeling projects for their homes to raise the comfort level but it is also a popular choice if you plan to sell your home and wish to increase the market value. Remodeling your home may be an overwhelming task if you are not quite sure where to begin. We will point out some tips here to start you in the right direction.

Planning Your Home Remodeling Budget

When considering making any major improvements to your home, you should first think of your budget. Even before you decide what you wish to change, you should decide how much you can afford to spend. Next you can choose how you plan to finance the project. Home improvements may be quite an endeavor for the average home owner, but if your have budget in mind, it will at least give you some guidelines for maintaining costs. In my experience both as a builder and end user, unexpected costs may arise and you must be equipped financially for these possible delays.

Where to Start

The kitchen and bathroom areas are the two main parts of the house that usually reveal the age of a house more than the areas do. For this reason, they are among the most popular home remodeling projects. Many advances in comfort and energy efficiency have come in recent years. Taking advantage of these can increases the value and overall look of your home whether you are renovating for your own comfort or selling your home.

Kitchens have become more of a gathering area for entertaining and the shift has been for people to spend more time in the kitchen. It has been found that most people choose to move into a house that does not require renovating. This is an important consideration if you are planning to sell your home in the coming months. A recently remodeled home can be easier to sell and the increased value will generally return more than the cost of renovations.

Renovating Your Kitchen

A kitchen renovation can make the most striking impact on the general appearance of your house but often involves many decisions because of all the various components. Most projects of this type usually require electrical and plumbing work, so it may not be an ideal do-it-yourself project, without extensive knowledge and experience. Kitchen remodeling can be a large undertaking, consisting of choosing cabinetry and flooring as well as finding the right appliances and fixtures that will match your lifestyle and financial budget.

Bathroom Remodeling

Bathrooms are another popular home remodeling project, but like kitchens, they usually involve decisions on new cabinetry, fixtures, and flooring. Bathrooms are usually easier to estimate, providing you are not getting into complicated changes that affect the water pipes or sewage lines. Bathroom remodeling or kitchen remodeling can add to your home’s comfort and enjoyment, as well as raise the value of the house.

Is it Worth Remodeling?

It has been my experience that dollar for dollar, a well remodeled kitchen or bathroom will often yield two to three times the increase in value relative to what was spent on the project. These two areas of the house in particular seem to reflect the increase in value more than other areas. That is why I usually recommend your remodeling dollars should be spent there first. Even if you are not planning to sell your home anytime soon, you will most certainly reap the benefits from additional comfort, energy savings and a general sense of pride.