Home Renovation. Sunday , September 30th , 2018 - 22:17:45 PM
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.
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.
As handy as you may be, you'll probably need to hire contractors at some point in your renovation especially if you are doing work that affects the heating, plumbing, or electrical systems in your home. Always vet contractors carefully. You obviously want to choose an affordable contractor, but you'll also want to find somebody who is trustworthy and experienced. Speak to friends, coworkers, and family members about contractors they can recommend, and always ask potential contractors for a quote and a list of references.
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