Home Renovation. Thursday , September 13th , 2018 - 02:35:40 AM
Take the case where the home-owner is happy in their home and they want to stay there to raise a family - they love the community spirit of the neighbourhood, it's close to work, and there are ample facilities nearby. What is more important long-term? Stopping the basement from leaking, or getting a new kitchen? The answer should be obvious of course - renovating (restoring to a former better state) the basement is not only a necessary preventative measure from potentially significant damage to the house, but is also a requirement for peace of mind.
Even though you can complete some home renovations on your own, it is advisable to hire the services of a home renovation company especially if you do not have ideas or lack the appropriate equipment needed to renovate your house. One of the renovations that you can do on your own is painting your house to improve its appearance. With the appropriate paint, you can give your house the look you desire. For instance, you can paint your house with light-colored paint if you want it to appear larger. On the other hand, you can use bright colors if you want to make a particular statement. You can also renovate your kitchen by purchasing new doors and face panels and then replace the old ones with them instead of purchasing a whole lot of brand new appliances.
Determine how much value each renovation adds to your home. This information can be obtained from your local real estate office or a qualified appraiser. Real estate salespersons and appraisers for most part use a process called CMA (comparable market analysis) to determine your home value. In short the appraiser looks at similar properties sold recently near your home. Using hisher extensive database, the appraiser is able to adjust the price based on the condition of various areas of your home as well as any new additions. For example the database indicates that an additional second bathroom in your area increases home value by $8000, updated kitchen increase value by $6000, Second garage does not impact the value and etc. This is how your local real estate salesperson is able to price out your home.
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