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Category: Uncategorized

Do It Yourself Home Improvement

Posted on July 3, 2019 in Uncategorized

Home improvement is one of those terms that covers just about anything. Do it yourself home improvement is the process of renovating, remodeling or making additions to one’s home without the use of a contractor. Do it yourself improvements are often performed to raise the asking price of a house before it is sold. Home remodeling can be a costly affair that necessitates some type of financing, however, do it yourself house improvement can often be achieved quite inexpensively.

Remodeling

Do it yourself improvements can include remodeling of a room, a garden or an entire house. A remodeling project, regardless of the size, requires planning and some major decisions so if you’re not up to d-i-y structural remodeling, consider a smaller project such as building a flowerbed out of railroad ties or stacked flagstones. Another easy remodeling project could be to build a garden pond. These small improvements can make a huge visual impact and improve the overall amenity and living space in your garden.

Do It Yourself Kitchen Renovations

A thoughtfully planned, well decorated kitchen is a sound investment in your home. Obviously, kitchen remodeling can be a major renovation project, however there are many do-it-yourself improvements that can be done in the kitchen. Do-it-yourself kitchen remodeling can encompass kitchen cabinets, countertops, flooring and appliances. Upgrading cabinets, fixtures, and sinks in the kitchen can be daunting but can often be tackled by the home handyman, with a bit of expert advice. And, remember, kitchen (and bathroom) remodeling usually brings greater returns than modifying or adding leisure amenities.

Projects

Often a simple remodeling project can make an ordinary room beautiful. Do it yourself home improvement projects can be as simple as a small repair or repainting a room. Another small, or inexpensive project can be replacing the linoleum or carpet. Generally people categorize home improvement projects by the area where the improvement is located. Remember many projects require a permit from local planning authority. You may need to advise your home insurance company know about your renovations.

Flooring

Home improvements can cover adding new flooring such as carpets, tiling, linoleum, wood flooring, or solid hardwood flooring. Laminate flooring is a popular option as a do it yourself home improvement as it is durable, cost effective and easy to install. Vinyl or ceramic tile flooring can cost from $10 dollars to $40 dollars per square yard. Vinyl laminate flooring is ideal for a small budget home improvement job.

Loan

A small do-it-yourself house improvement plan usually does not require financing, however, larger projects often necessitate additional financing, or a house improvement loan. Refinancing refers to paying off the old loans and taking out a new mortgage on your home. The cost of obtaining unsecured loans is comparatively lower than secured loans and an unsecured loan is often advised for small home improvement projects with expenditures of less than $10,000. Secured home improvement loans are usually secured against your home.

Work to a Plan

Remember the old adage, “if you fail to plan you’re planning to fail”? Well, it applies to do it yourself home improvements as much as any other area of life. So take the time to draw up plans and a timetable to achieve your goals. If you find that you need to engage a contractor for any of the remodeling work review the plans and specifications prior to signing any contract. Get formal bids from a short list of three contractors on the same plans and specifications.

Do-it-yourself house improvement is more than just a new coat of paint and can have long term benefits for you and your family. Home improvements are a real investment, producing both a better house in which to live and an increase in the potential resale and value of your home.

Selling Your Home? Home Improvement Projects to Avoid

Posted on June 8, 2019 in Uncategorized

Many homeowners each year make the mistake of thinking that any home improvement project is a good one in terms of adding value to their home. Unfortunately, this is simply not true. There are some home improvement projects you can take on which will not improve the value of your home in terms of the money you spend on the project and there are even other home improvement projects which can detract from the value of your home. If you think you may sell your home at some point in the future, it is imperative to make sure you know which home improvement projects to tackle and which ones to avoid.

The first thing to keep in mind when considering any home improvement project is that you do not want to outdo the neighbors. While the old adage of keeping up with the Joneses is certainly true to a degree, you do not want to exceed them. A home that is largely out of the price range of its neighbors is usually going to be more difficult to sell than a home that is in keeping with the rest of the neighborhood.

Two of the biggest mistakes you can make on home improvement projects is spending money on highly individualized projects and technological advancements. Avoid spending money on items such as saunas and steam baths. Such improvements might add to the value of your property but if the buyers viewing your home are not interested in these items you may find it more difficult to sell the property.

The same is also true for swimming pools. Many homeowners make the grave mistake of believing that a pool with add to the value and desirability of their home. This is definitely not true. Many buyers, especially those with small children, avoid homes with pools. Even if a buyer does not have small children they may be concerned about the maintenance issues that go along with having a swimming pool. The simple fact is that homes with pools generally tend to take longer to sell than homes that do not have a pool. If you are considering adding a pool to your home make sure you are doing it for the right reasons, because you will enjoy it, and not because you want to improve the value of your home. Otherwise, the addition of a pool should be avoided.

In addition, it is imperative to avoid spending a lot of money on technological advancements which will usually quickly become outdated. This is a waste of money that will usually not net you a large return.

Ideally, it is usually the simplest things which will bring you the highest rate of return in terms of home improvement projects. Simple projects such as ensuring your home has a fresh coat of paint or improving your landscaping can add a lot of value to your home and make it more desirable. Never underestimate the power of curb appeal; particularly in homes that are considered to be luxury properties.

This has become increasingly popular today when more buyers are beginning their property search on the Internet. Statistics indicate that some 80% of buyers actually begin looking for properties online. A photograph is truly worth more than a thousand words in these circumstances. If your home lacks curb appeal this could mean that it will the house that languishes on the market for months while other homes with more curb appeal sell much faster.

There are certainly some areas in which it makes more financial sense to focus your money if you are considering selling your home. Staging is one of them. Studies indicate that homes which have been professionally staged are selling faster and for more money than homes that have not been professionally staged. Luxury homes may even be able to sell for up to 20% more with staging than homes that are not staged.

You should also keep in mind the features that are most popular in homes right now. Kitchens and master bedrooms continue to rank high in importance with most buyers. Buyers are looking for master bedrooms which can serve as sanctuaries and have features such as vaulted ceilings and fireplaces.

The main key is to make sure that regardless of what types of home improvement projects you take on, you do not go too far. There is definitely something to the old cliché ‘too much of a good thing’ and that is certainly true in the case of home improvement projects.

Creating A Home Improvement Plan

Posted on June 7, 2019 in Uncategorized

You’ve got your eye on the out-dated kitchen or you think you might want to just tear up your carpeting and install hardwood floors, but before you start to rip out the cabinets or the carpet make sure to establish some guidelines for your home improvement plan. A good home improvement plan should take into account: budget, financing, scope of work, functionality and aesthetics, resale value.

Budget Considerations

One good way to find out what you can afford is to simply get three estimates from contractors. Discuss what you want with the contractor and if the estimate is high, ask them how you can reduce the costs. The estimate should be separated into cost of materials and cost of labor. By getting a professional opinion first, you may find that the bids are very similar and you have a good starting point for the high-end cost of your project.

Now, you can begin to factor in whether there is some work you can do yourself. This will improve the amount of cash outlay necessary to complete the work. Another way to get to meet your budget is to shop for a cheaper source of materials or change the type of material used. Either way, these are highly flexible items in your home improvement budget.

Sources of Financing

If one doesn’t have the money, the inclination is not to do the home improvement. Cash, however, is not the only way to pay for a home improvement plan, you can also finance. If you find you don’t have enough cash, you can use a home equity loan to finance the remodeling of your home. Try to identify additional forms of financing in case you need additional monies to complete the project. In the end, a home improvement project should add to the resale value of your home for it to be a sound purchase.

Scope of Work

This is where a good plan is essential. If you are planning a major remodel, you will want some basic plans drawn up, preferably by a professional. You don’t want to find out later that the wall you envisioned removing for a more open space is a critical weight-bearing wall. Similarly, you don’t want to plan for electronic appliances and devices in an area where there are no outlets. If you plan on revamping a kitchen, the dimensions of workspace and appliance real estate are very important. Don’t try to eyeball it or you’ll end up paying for it later in time, additional work, or wasted purchases. By trying to define the scope of the work on paper first, you can bypass many of the simple problems that arise from not having thought the improvement plan out thoroughly.

Functionality And Aesthetics

Obviously, we don’t just want to substitute one thing for another, we want the new home improvement to outshine the old room. We want it to work better for us and we want that “ah” factor too. Have you done your research on the functionality of the appliances and space arrangements? How about the aesthetics and maintenance of the materials you chose? Does the improvement help to accommodate the growing needs of your family? Will it continue to be of service after 5 years? 10 years? These are all factors that should be considered and weighed against budget, scope, and resale value.

Resale Value

This is a tricky value that can’t really be foreseen that much. We know that kitchen and bathroom remodels recoup the most on the sale of the house. No home improvement will recoup 100% of the price it took to remodel, however, if you are in a climbing real estate market that might not matter. What you don’t want to do is to add a home improvement that detracts from the value of your property. Adding a fifth bedroom in a neighborhood of four bedroom homes would be detrimental to the value of your home. Adding a swimming pool in areas where houses with pools don’t sell well would also be considered an investment that could not be recouped. Some people still do it anyways. The point is that most home improvements are done to meet the needs of a particular family and the desire for a more comfortable living space. While resale value is important, it is just one of the many considerations that have to be evaluated in a good home improvement plan.

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