Home Renovation. Saturday , September 22nd , 2018 - 02:57:25 AM
The kitchen is a central room in your home, and usually involves the most challenging renovations. You can make small updates to your kitchen by painting, adding tile as a backsplash, refinishing cupboards, or you can go all out and do a complete kitchen renovation. Ultimately, you want to consider your own design preferences from contemporary style to country kitchen. New appliances are expensive, but they make a drastic difference to the overall look and feel of your kitchen.
Budgeting for home renovations is always tough. Even when you plan for everything and even a few glitches along the way budgets often find a way to be busted. In order to keep your progress from ending in a budget stale mate here are a few things to keep in mind when renovations are planned for your home.
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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