Home Improvement Tips: Ways to Increase the Value of Your Home

Reasons for A Redo

Home improvement projects often begin with someone saying, “Wouldn’t it be nice if… ?” usually followed by a wish for a remodelled kitchen or a room addition for space to accommodate every family member’s needs. More often than not, reality and dreams don’t coincide, due to limited funds for realizing the dream, or limits on the available space. The trick: turning your dreams into reality. Begin with a realistic evaluation of your needs. Homeowners usually consider home improvements for one of the following reasons.

You may feel the need to update something that is out-of-date. If your kitchen colour scheme was perfect a few decades ago but no longer works, now may a good time to update it.

Some home improvement projects grow out of an immediate need to replace broken or inefficient fixtures. If a sink, tub, or toilet needs to be replaced, consider taking advantage of the opportunity to do a makeover on the entire bathroom.

If you’re preparing to sell your home, you’ll want to be sure to get top dollar from the sale. That’s great motivation for some home improvement projects.

You have decided that staying put and improving your home is a better option than moving.

Your family has grown and you need more space.

Improving to Move? or Improving to Stay?

Evaluate your plans carefully if you’re improving your home to list it for sale. Cutting corners may hurt your prospects rather than helping them. But don’t go overboard either. Potential buyers may prefer not to pay for some of the extras, such as a hot tub or pool. You’re better off keeping the changes simple.

And remember that buyers who view your home may not share your tastes and may not appreciate the care you took to find just the right shade of green paint for the walls.

You’ll find that improving to sell is easier if you can think about it from the prospective buyer’s point of view: What is important to the home buyer? Here are a few remodelling projects buyers are likely to find valuable:

Adding or remodelling a bath

Improving the kitchen

Adding a new room

Landscaping

Adding a bedroom

Adding or enclosing a garage.

If you’re remodelling because you want to stay in your home, you should still avoid over-improving it. You’ll probably want to sell it someday, and even if your house is the best on the block, it may be difficult to convince potential buyers to pay for the things you considered important. And when you consider making improvements, keep in mind the value of other homes in the area. Your home’s value should not be more than 20% above the average, which means that a $10,000 kitchen improvement project well could be a better investment than a $10,000 hot tub, especially if yours will be the only home in the area with a hot tub.

Home Maintenance versus Home Improvements

It’s unfortunate that some home improvement projects are undertaken because something has broken. Replacing a leaky bathtub may be the first step to a major bath remodeling: since the tub has to be replaced anyway, why not do the whole room?

While that might be a legitimate reason to remodel, avoid basing your home improvement projects on immediate needs. You’ll be better off if you minimize problems with proper maintenance. Examine every part of your home at least once a year. Check the roof, the plumbing, electrical wiring, etc. As soon as become aware of a problem, fix it. Making repairs when you’re first aware of them will help you avoid larger expenses later on. Keep in mind that maintenance does not add to the value of your home. Usually repairs are not improvements; they are necessities.

Hiring Professionals May Save You Time and Money

It should go without saying that home projects can be expensive, so you may be tempted to tackle them yourself as a way to save money. That may be a smart move for small projects. You won’t have to wait for someone to fit your house into their busy schedule, and you can boast about having done the work yourself.

But unless you’re very versatile, major home improvements are better left to professionals. If you decide to remodel the kitchen and plan to do the work yourself, will you be able to handle the plumbing, electrical, and carpentry work on your own?. And don’t forget that you’ll need to finish it quickly, because you won’t have a kitchen as long as it’s a “work in process” and eating three meals a day in restaurants could get expensive. Keep in mind, do-it-yourself jobs generally take more time. And you’ll be responsible for getting all the necessary permits and inspections.

Hiring people who have the required experience can save you money and time, too. For example, these professionals can help you get a custom look using stock products, and that can be a significant savings. Getting something done right the first time will give you value that lasts for years.

To find qualified and dependable home improvement specialists, check with friends, business associates, and neighbours for recommendations. Always get at least three references, and check them out thoroughly. Also check with the local chapter of the Better Business Bureau or Chamber of Commerce. Their numbers can be found in the community services section of your telephone book.

Once you’ve located the necessary home improvement specialists, make sure everyone is in agreement about the design, the schedule, and the budget, and get the details down in writing in a signed contract.

It’s also wise to check on professional certifications and licenses, where required, and be certain that the contractors you hire are fully insured and bonded. Your town or city Building Department can provide that information. And it’s very important that you make sure contractors carry workers’ compensation insurance: if workers are injured on the job, you won’t be liable if the contractor is covered. Request copies of their insurance certificates. And make sure that either you or your contractor have gotten any necessary permits before the work begins. Contact your local Planning and Zoning Commission for information.

Here’s a quick overview of some of the professionals you may need to work with when you remodel your home:

Architect: Architects design homes or additions from the foundation to the roof. If your project will require structural changes such as adding or removing walls, or if the design is complex, you will probably need an architect. Since architects may charge an hourly or a flat fee, make sure you get an estimate of the total cost: drawing up the plans for a major remodeling project can take 80 hours or more.

Contractor: The contractor oversees the home improvement project, including hiring and supervising workers, getting the necessary permits, making sure inspections are done as needed, and providing insurance for work crews. It’s always a good idea to get proposals from one or more reputable contractors, based on the specific details of your project.

Be sure each contractor bids on exactly the same plan so that you can compare their bids more easily. When you’ve chosen a contractor, make sure the contract specifies that you will pay in stages. You’ll usually pay one third when the contract is signed so that the contractor can buy supplies. The number and timing for making the remaining payments will depend on the size of the project. Do not make the final payment until all the work is successfully completed, inspected, and approved.

Interior Designers: Interior designers are specialists who will provide advice on furnishings, wall coverings, colors, styles, and more. They help save you time by narrowing your selection, and save money because they usually receive professional discounts from their suppliers. When meeting with an interior designer, be sure to tell them about your personal style and preferences. Expect to pay anywhere from $50 to $150 per hour, or you may be able to negotiate a flat fee of approximately 25% of the total project cost.

Home Improvement Loans – Transforming Brick and Mortar

There is no courage in living an existence where you are constantly dissatisfied. Accepting your current resident as package you can’t exchange is a myth. On the contrary it is true that not everyone has available money to finance home improvement. Home improvement loans enable every resident to own and construct the house that is home in the real sense of the term.

While looking for Home improvement loans the first thing you concentrate on is interest rates. Borrowers must look for low fixed interest rates. The advertised rates may or may not be low rates for your profile. You will learn that interest rates are a personalized concept. Interest rates for home improvement loans are primarily dependent on whether you offer a security for the loan or not.

Consequently, home improvement loans are either secured or unsecured. Secured entail collateral. On the other hand unsecured home improvement loans get approved without security. Both loan types come with their own set of advantages and disadvantages. Secured loans for home improvement is ideal for raising large amounts (£25,000-£75,000 or above) at low interest rates and flexible terms. Home improvement loans that are secured come with downside of losing your property in case of failure in repayment.

Unsecured home improvement loans will be best for small amounts. There is no obvious downside except that your credit ratings will suffer if you cannot repay. However, the lender can get back his money through legal process which will ultimately put your property under risk. Why get into such complications – just payback the loan!

No matter what you apply for first take account of the cost. Make a list of all the material required for home improvement and their cost. This will help you in assessing the loan amount you should be applying for. The contractor is paid the money for home improvement and then the lender takes to which the borrower makes monthly installments.

It is going to be worth it to spend time in searching for home improvement loans. Your effort will be rewarded in the form of better interest rates and terms. Use considerable time of your search in home improvement loans comparison. You can use home improvement loan calculator to calculate monthly installments. You fill in few of your details, your income, the amount required and there you get a quote which gives the approximate cost of home improvement loans for you. The quote for is free on most of the sites. Your information remains confidential with no obligation to apply. Use APR while comparing loans. This is because annual percentage rate or APR takes into account closing costs, origination points, discount points and insurance. That is ideally the way to compare home improvement loans.

Don’t mistake home improvement loans for long term loans. Try to wind up home improvement loans within 5-10 years. A 30 year mortgage for home improvement is not advisable. However, if you already have a thirty year mortgage then you can make additional payments and achieve the same result. Does that sound confusing? All that is implied here is weigh your options and find the one that suits you.

And in case you did not know there are home improvement loans for bad credit also. Start from your credit report, know your credit score, shop for options and apply for bad credit home improvement loans. Bad credit home improvement loans will have high interest rates; therefore, think realistically about what you can get.

This year £40 billion pounds is expected to be spend on home improvement. These include simple home repairs and large scale remodeling and major restructuring. Chances are you have caught the home improvement bug. If this is so make improvements that pay off. The loans that you have taken for home improvement should target both adding value to your home and comfort. Invest home improvement loans in enabling them to reach achieve the standard of neighbouring homes. Every home improvement that you opt for should have positive impact.

Do the air conditioning system and the shutters and the conservatory look all the more desirable? Then what are you waiting for? This season go for home improvement loans.

Home Improvement And Repair Projects Have Never Been More Popular And Easier To Accomplish

The popularity of HGTV (Home & Garden Television) has created a
thriving market in do-it-yourself home improvement and interior
decorating. All sectors of the home improvement industry have
benefited since HGTV started airing in 1975.

The real estate boom was followed by a home improvement boom.
People would buy a old house and want to redecorate the house
from floor to ceiling. People who had lived in their houses for
a while wanted new kitchen cabinets. The home improvement shows
were an impetus for a massive movement by homeowners to start a
remodeling revolution

The home improvements that people take on include makeovers from
the attic to the basement. They perform functional repairs like
fixing a leaky roof, replacing windows, and adding more room to the
house. Then there are the projects that are just for the
beautification of the home like updating kitchen, remodeling a
master bedroom.

Some people use home improvement as a creative outlet. They paint
and redesign just for the satisfaction of improving their living
space. HGTV has been a large contributor to the home improvement
revival.

HGTV reaches 89 million households every week and over 800,000
nightly prime time viewers. The format of the show has been copied
several times and spin offs like Trading
Spaces, Extreme Makeovers. Viewers sit for hours watching
“Design on a Dime” “Devine Design”, “Landscapers Challenge”.
The home improvement shows just keep coming.

HGTV provides instructions for thousands of home improvement projects.
They provide video clips for everything from garden projects to
constructing a bed. HGTV is the one-stop resource for finding anything
you need for expert help with “doing it yourself” projects.

HGTV makes home improvement look easy and fun. HGTV gives viewers
new ideas and inspires the week end warrior to do some type of home
improvement project. HGTV mission is “to provide ideas, information,
and inspiration for decorating and home improvement”.

The impact that HGTV has on home improvement can be measured in these
statistics.

  • Furniture sales grew by 75%, between Between 1995-2005
  • Sales of home furnishings increased 97% in this same period.
  • These items included soft goods as well, carpets, lamps, area rugs,
    linens, glassware

    People all over the country are decorating their homes to look like
    these superbly beautiful fantasy creations that they view on HGTV.
    If you are not a “do it yourselfer” you can just imagine the way your

    home might look when you go on tours of million dollar home all
    across the country. You see people who look like you making grand
    improvements to shacks that end up looking like your dream home.

    HGTV has had a dramatic impact on the home improvement industry
    because HGTV appeals to the age group of people who have the money
    to pay for major home improvement projects. The demographics of the
    typical HGTV is a female age 35-64 years old. Over 70% of HGTV
    viewers are females.
    That means that the female viewers are encouraging husband, fathers,
    brother to do the work so they can enjoy the benefits.
    The additional general consumer demographics for home improvement by
    female indicate:

  • They shop more often
  • Visit more stores
  • Spend more than the typical shopper
  • The target demographic for the Do It Yourself Website is:

  • Homeowners
  • Ages 25-54
  • Incomes of $60,000
  • Internet access
  • Propensity for home improvement
  • The home Improvement Research Institute studies show that both men
    and women are active participants in the planning of home improvement
    projects as well as the purchase of those products used for
    improvement.