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Home Repair

The Resale Value of A Kitchen

One of the biggest questions clients have when considering remodeling their kitchen is “What is the return on my investment?” In other words, if selling the home within the next few years is a possibility, is it worth redoing the kitchen and if I do, will it increase the value of the house once I am prepared to sell. This question can be viewed in several different ways: from a cabinet salesperson’s point of view “absolutely- you should gut the kitchen and add a new one!”; from an everyday person’s point of view- it is a tough question. I have come to a conclusion that it depends on a few variables, including the type of remodel, the nature of the housing market at the time you are considering selling and the cost of the project. If you live in a residential area that has very dated kitchens and you are considering selling in the near future redoing the kitchen has a few advantages:
1. You will get to enjoy the kitchen for the time that you are there.
2. Your house will stand out from the other, more dated homes on the market and WILL sell! If you put a significant amount of money into the kitchen, will that be reflected in the final number you get for your house sale? Maybe and maybe not. Homeowners need to be careful that they are not pricing themselves out of the market with their renovation projects. For instance, if houses in the neighborhood are selling for $300,000 and you decide to invest $100,000 in kitchen renovations to create your perfect “dream kitchen” you will likely not recoup that investment in a short period of time because you have significantly priced yourself out of the market. You will, however, get to enjoy your “dream kitchen” while you are living, cooking and entertaining in your kitchen. Enjoying a space in your home is nearly as important as the return on the financial investment.
A kitchen remodel does not need to cost a hundred thousand dollars to lure in buyers, if that is the intention of the remodel. A few updates, such as new countertops, paint or a cabinet “face-lift” can have a significant (possibility as much as 80%) return on investment.
I have spoken to a few local realtors about this topic and they were torn about whether it was “worth it” to remodel a kitchen for the purpose of selling the home. They did agree that it would “it will definitely make the house sell as opposed to not selling if the kitchen is dated.”The disadvantages to remodeling the kitchen:
1. I am putting a lot of money into a place that I am considering selling and cannot enjoy.
2. What if the potential buyer loves the house but hates my taste in kitchens and doesn’t buy the house because of the kitchen? Yes, you will be investing money into a home that you won’t live in for very long, but you will enjoy the new kitchen for a while. Remodeling the kitchen will attract many home buyers into your home, the right buyer will eventually come through and will love your taste in kitchens.
Final thoughts: why not live in a kitchen that you love at least for a little while before you sell and maybe take ideas from this kitchen remodel and figure out what you do and don’t want in your next home purchase, remodel or custom build.…

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Basement Remodeling

Tips For Improving Your Home’s Value

Home improvement can be very hard for a person, leaving them very frustrated. Hiring a lousy contractor, failure to plan and unrealistic ambitions are some of the reasons this happens. This article will provide you with advice to ensure your home improvements are completed without a hitch. Here is what you need to know.

Your porch might be in need of a fresh coat of paint. You should always buy paint that is of good quality meant for the outdoors. Make certain to use paint of an identical base to the prior paint used. Trim is usually well served by oil-based paint because it lasts longer; however, oil paint is not good for exterior floors or decks since it can be slippery in rain and snow.

Prevent creaks and squeaks in wood flooring with construction adhesives. You have to work in your crawlspace or in the basement, but it is going to be worth it. Use a caulking gun to place glue between each floor joist, while making sure each planks is secure.

Create a contract with the handyman when they arrive to look at issues. A written contract keeps both sides honest and protects you, the homeowner, from exploitation. If you don’t have a contract in hand, you might end up a very dissatisfied consumer with little to no recourse.

If you are contracting with someone to do home improvement projects, make it a point to request their references. Consider it as if you’re hiring employees for a business. Make sure you run a thorough background check and consider whether or not other have been happy with the services rendered.

Almost any material you purchase to make home improvements might tempt a thief. Always see that all materials are fully secured when nobody will be around to watch them. You can leave the supplies in the home if it has locks on its windows and doors. When the home isn’t secure, it is nice to have a locked storage unit.

Floor stain can make your basement look better. Staining concrete floors is less costly than replacing them, and it looks very stylish. Staining adds durability to the floor and keeps it easy to clean. Choose stains that add luster and shine to the floor. An upgraded stain can give your basement a richer feel for less money than installing a new floor.

Are you looking at replacing your kitchen cabinets? Have you considered wood? They are quite durable and will last a long time. Some of the most popular and hardy choices include maple, rich cherry and versatile oak. All of these can be stained, so if you feel like changing the color, it is easy to do so.

When not run right, a renovation can be a disaster. This article will give you tips on how to go about your project the right way. Choosing to follow what you have learned today can take out some of the mystery in your projects and add value to your most important asset.…