Home Renovation. Wednesday , September 19th , 2018 - 01:38:28 AM
Thinking of home renovations? This may sound funny but your house is like plant. You have to take good care of it in order for it to grow and give you joy. Your house is a thing of pride for you because you know that you deserve it and you really worked hard to have it. So every year or so, you have to make some home renovations to maintain its function as your sanctuary. Home improvements can come in many forms. Some are extensive, like doing kitchen renovations or bathroom renovations. Others can be small enough so as not to deplete your savings because of home renovations costs.
Sometimes there is thing that's been needing attention for a long time. Like an interior door that might need a little attention or tweaking. Sometimes builders will trade small adjustment jobs they have the tools and skill for. Say for something like, you cleaning up the area around the house after they strip off the old shingles, stuff like that. Or you might paint or stain the trim on the new windows or doors if they would fix some minor things that needed fixing. Of course this would be labor for labor. Which is still a win-win for you, because it would probably cost a lot more to have a home improvement contractor come in to fix a couple minor things.
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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