Home Renovation. Sunday , September 16th , 2018 - 18:59:04 PM
In addition to these general tips, you should consider the purpose of your renovation before you start. If you are updating your home for personal reasons, but you plan to continue living in it, your renovations need not be rushed. You can update a room at a time as your budget allows, or you can make grander plans. However, if you are hoping that renovations will help you sell your home, here are some factors you should consider.
What about when the home-owner is trying to sell their house? It is well-known that a new kitchen has the best return on investment and can boost the value of a house significantly. It may be tempting to renovate this little profit maker first to get more money and to make the house more attractive, but there is a downfall - if there are any outstanding structural or major maintenance issues, the potential buyer, if they have any common sense, will find them when they have a structural survey performed. Depending on what the issue is, there could be one of several outcomes: a request for a reduction in price, a request for the work to be completed and re-inspected at the homeowner's expense, or, as is quite often the case, a permanent retraction of the offer. It's a hard pill to swallow for the seller, because typically a realtor's price evaluation of their house has not taken into account the cost of this additional work, and yet by having the work done, there seems to be no benefit in terms of increasing the house value. In fact, of course, there is - it's just that the evaluation was too high in the first place.
Home renovation is an exciting project for many homeowners who want to go with the flow of the times and keep their abodes updated with new styles when it comes to architecture and interior design. However, although it may spark the interest of many, the home renovation costs that come with it are not so appealing especially to those considered as "average-earning" homeowners - and this is largely the reason why most people forgo renovating their houses until enough money is saved.
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