Hunter Trujillo. Home Renovation. September 27th , 2018.
Next ask yourself are you up to taking on the challenge of a remodel or is it better for you to hire a contractor to ensure a smooth renovation. If you are the handyman type simple renovations can easily be done on your own and can save your contractor fees. If you are going to hire out a residential contractor make sure to look at examples of their previous work. Ask for references and check out their website. The detail put into their work, references and website will give you a good idea of their work and work ethic. It is also important to make sure your gut tells you that the contractor you have chosen is right for you and your home renovation.
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.
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