Home Renovation. Monday , October 01st , 2018 - 03:40:09 AM
Home renovations can be time consuming and costly. Nevertheless, whether your home décor has grown tired, or your home is just in desperate need of an upgrade, home renovations can revitalize your living space. Still, when it comes time to renovate, there are many pitfalls along the way. Whether you are a do-it-yourself home renovator or you are hiring a professional, you will want to avoid these common home renovation mistakes.
The first impression visitors have to your home will be made by the landscaping. Regardless of whether you're planning to sell your home, landscaping your front and backyard increases your property value dramatically without making a huge impact on your finances. Add flowers to your garden, build a planter, clean up debris, and you've already made improvements to your landscaping without spending a lot of money.
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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