How to remodel your way to a bigger return on your biggest investment. Learn how by reading the full Medium article here.
Outside of the home itself, remodeling is typically one of the largest investments you can make as a homeowner. Consider these tips to help you make an informed decision when hiring a remodeling contractor.
Starting a Home Remodeling Project
7 tips for choosing a qualified contractor
(Family Features) Outside of the home itself, remodeling is typically one of the largest investments you can make as a homeowner. While some projects can be tempting to tackle yourself, many larger-scale projects may require hiring a qualified professional.
Because remodeling your home is a big undertaking, it’s important to take steps to ensure the professional you hire to perform the work is qualified to complete it to the highest standards of quality and integrity.
Consider these tips from the experts at the National Association of the Remodeling Industry to help you make an informed decision when hiring a remodeling contractor.
Follow Your Design Aesthetic
Ask for Licenses and Insurance
Search for Violations or Complaints
Compare Apples to Apples
Find more tips for selecting a contractor at remodelingdoneright.com.SOURCE:
National Association of the Remodeling Industry
Remodeling a house is often necessary once the property becomes outdated and has a lack of functionality. As a homeowner, it is necessary to plan for a remodel if you want to increase the value of the house and boost its appeal. You also want that process to be as easy and stress free as possible, without breaking the bank. Here are a few important tips to follow to take the headache out of an upcoming home remodel.
Plan, Plan, Plan!
Planning each step of the remodel is necessary to avoid mistakes or complications that can occur. Whether it is choosing the features that will be upgraded or the design of the rooms, you will need to have a detailed plan in place and write out a clear timetable. Fortunately there are a number of apps that can help plan out a room's look. Using apps can allow you to save images for inspiration, create a checklist, and even write out a budget to make everything easy to access on your smartphone or tablet wherever you are.
Get the Proper Help
One of the most common mistakes homeowners make is attempting to remodel their property without the help of trained and experienced contractors. Although hiring trained professionals may be an investment, it can allow you to avoid stress and costly mistakes throughout the process. For large projects, you will need more people than you realize. Although you may be able to break down a few walls or paint, you will need to hire professionals to perform the electrical wiring or plumbing, which are more complicated parts of the remodel that are best left to the pros. Get referrals from friends and research reviews online to ensure you can find contractors you trust while getting estimates.
Budget for Issues
Although you may know how much money you have to spend on your remodel, it can be easy to exceed your budget due to unexpected expenses that arise. You may find mold in the walls or electrical issues, which will require spending more. Make it a point to set aside a portion of your budget for potential issues to ensure that you can resolve the problems without having to stress.
Knowing how to plan for an upcoming remodel can allow you to avoid unnecessary stress and headaches as you transform the look of your property. With the right tools and professionals used, you can have a smooth and successful process that yields beautiful results while improving the quality of your home.
If the ultimate goal of your home improvement project is aesthetic, the greatest benefit may come from your personal enjoyment of the new space. However, if you’re looking to add true value to your home, it’s important to consider which projects are likely to bring the greatest return on your investment.
Home Improvements with High ROI
(Family Features) If the ultimate goal of your home improvement project is aesthetic, the greatest benefit may come from your personal enjoyment of the new space. However, if you’re looking to add true value to your home, it’s important to consider which projects are likely to bring the greatest return on your investment.
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If you’re still uncertain about the right investments for your home, it may be wise to consult a local real estate expert who can provide insight on the features that bring the most value in your market.SOURCE:
To help homeowners with their renovation projects, Marcus by Goldman Sachs(R) is sharing budget-friendly home renovation tips. There are several ways to finance larger projects and it’s important to explore your options to find the one that’s right for you. This article contains five important tips to keep in mind when deciding how to fund your next home project.
(BPT) - Whether it’s transforming a fixer-upper into your dream home or just giving a makeover to your kitchen or bathroom, home improvement projects are on the minds of many new homeowners across the country.
While many things about renovating your home are flexible, your budget might not be. In general, not a single floor board is laid, or a new countertop installed without money, which is why every home renovation project should begin with careful financial planning.
To help homeowners with their renovation projects, Marcus by Goldman Sachs(R) is sharing budget-friendly home renovation tips.
There are several ways to finance larger projects and it’s important to explore your options to find the one that’s right for you. Below are five important tips to keep in mind when deciding how to fund your next home project.
1. Shop around. The better you plan, the better chance you’ll save money. Before anything gets torn out or installed, you should spend time consulting with contractors and getting estimates. Look at the work they’ve done to see if they would be a good fit. Most importantly, don’t be afraid to ask a lot of questions to make sure you’re working with the right people and paying the right price.
2. Consider financing options. There are several options when financing a home improvement project and it is important to choose the right fit for you. Home equity loans and home equity lines of credit (HELOC) require you to borrow against the value of your home, with home equity loans offering a lump sum while home equity lines of credit provide you with a credit line you can borrow against. An unsecured home improvement loan can be used based on your creditworthiness and ability to pay, not tied to a piece of collateral.
3. Create a budget. Because of the nature of remodels, things often end up costing more than you might think. No matter how big or how small the project, you need to have a solid sense of what your “all in” budget number is. This should not only account for hard and soft costs for things like labor, materials and designers, it should also account for contingency costs. Experts typically recommend budgeting an additional 15 to 20 percent for unexpected scenarios that might arise. A thoughtful budget will help keep your priorities in front of you and prevent you from spending more than you want.
4. Remember, this is an investment! Not all home renovations will pay off in the long term. It’s important to consider cost vs. value before you start making changes, especially for homeowners looking to sell in the near future. If you plan on putting your house on the market sooner rather than later, be sure to keep track of the top home features to get the best return on your investment.
5. Work with a designer. This might sound like a luxury or an added expense, but in many cases, a designer could actually help save money by finding deals or providing suggestions for less expensive alternatives, such as using quartz or white concrete instead of marble. Above all, their expertise can help avoid costly mistakes that can often arise when people try to cut corners on their own.
With these tips, you should be better prepared to finance your home improvement project. When you’re ready to start, you shouldn’t have to wait weeks for a home appraisal to get your renovation project underway. You could see your home improvement loan options from Marcus by Goldman Sachs in as little as five minutes and once approved, most people see the funds in their bank accounts in as little as four days. With Marcus you could be one step closer to your dream home.
A home is often a family’s single largest asset, so making investments with upgrades and home improvements is almost always a good idea. However, knowing when and where to make those improvements isn’t necessarily a simple decision. Budget and space most often dictate the direction, but keeping function and your lifestyle needs in mind can help create a space that makes for an all-around smart investment.
Home Upgrades that Make ‘Cents’
Improvements to boost your home’s value and enjoyment
(Family Features) A home is often a family’s single largest asset, so making investments with upgrades and home improvements is almost always a good idea. However, knowing when and where to make those improvements isn’t necessarily a simple decision. Budget and space most often dictate the direction, but keeping function and your lifestyle needs in mind can help create a space that makes for an all-around smart investment.
For expanded control over the amount of light and warmth that enters or leaves your rooms, solar-powered skylight blinds are available in more than 100 designer colors and patterns. Like the skylights, Velux solar-powered blinds are operated with the remote. The solar products and installation costs are also eligible for a 30-percent federal tax credit. Learn more at whyskylights.com.
Finish the basement.
A basement is the perfect location for expanded room to live and entertain, and if you have egress or other windows, adding extra bedrooms may also be an option. When making plans for finishing a basement, keep function first. Adding features like bathrooms can be costly if the plumbing isn’t already in place, but having ready access to those facilities may pay off if you plan to spend lots of time downstairs. Also keep climate in mind; in many parts of the country basements tend to be damp, so be sure to use materials that can withstand the conditions during the rainy season.
Create outdoor living space for all year long.
This is another area where climate will play an important role in your plans; adding a well-constructed enclosure to a patio can make it usable during all but the coldest months, while a pergola or other shading can lend necessary relief to an area that bakes in the summer sun. Aside from the hardscaping, look at other ways to soften your outdoor space and enhance livability, such as functional shade trees and flowering vegetation that attract birds and butterflies.
Add curb appeal.
Choose the Right Skylight
As a homeowner, there is nearly always a laundry list of projects with time and budget constraints when it comes to a home remodel. This step-by-step guide can help ensure you get the maximum return on your investment and make the most of your remodel.
5 Steps for a Home Remodel
(Family Features) This step-by-step guide from the experts at the National Association of the Remodeling Industry (NARI) can help ensure you get the maximum return on your investment and make the most of your remodel.
Step 1 – Identify Reasons for Remodeling
Step 2 – Set Your Budget
Step 3 – Hire the Right Team
Step 4 – Understand the Plan
Step 5 – Complete the Project
Remodeling a space can be a major project, but with the right help, resources and information, you can make your dream home come to fruition.
Photo courtesy of Getty Images (family looking at paint swatches)SOURCE:
National Association of the Remodeling Industry
The golden rules of home improvement
(BPT) - Considering a kitchen renovation but not sure how to get the most out of your space and budget? Expert tips can help you focus your plans so you get the kitchen of your dreams for less money and less stress.
"Redesigning your kitchen is a big investment," says A-list designer Nate Berkus, Artistic Advisor of LG STUDIO line. "It's not just about the money; you're also investing a lot of time and emotion. There are so many decisions to make, and you want them to be the right ones. You also want to create a space that reflects the people who live there. A well-designed kitchen needs to be functional and personalized.”
That's a heavy order, but Berkus offers advice to cut through the confusion by providing seven tips for a smart kitchen renovation that any homeowner can follow.
Be realistic and research
Berkus suggests that homeowners start with a realistic assessment of their budget and a wish list. After nailing those down, spend some time online looking for images that best reflect your personal style.
"There is so much design inspiration out there: Instagram, Pinterest, design blogs, and so many others," says Berkus. "Find out what you are drawn to and what catches your eye. Ask yourself how you want to live in the space and what's most important to you. The design needs to support that."
Invest where it counts
Appliances are expensive, but you want to buy the very best you can afford. Considering how much use they get and how long you want them to last, it's a worthwhile investment. “The new LG STUDIO line that I helped design features pro-style design elements that instantly make a kitchen feel high-end,” says Berkus.
Stretch your renovation dollars
"It’s the old adage, don’t throw the baby out with the bathwater," says Berkus. "If your cabinets are in good condition, you can save a ton of money by painting them. When it comes to flooring, don’t rip it out if you can refinish. Save where you can and then you can spend more of your budget on things that you really love, and are more important, like the appliances."
Add personal touches
For dressing up your kitchen, shop your home and use things you already own. "Objects from your travels, framed photographs, ceramic bowls or handwoven baskets are all things that personalize a space and make it feel layered," says Berkus.
Enhance small spaces
To maximize small spaces, do something unexpected. "Could the cabinets be painted dark gray or black? Could you use some un-lacquered brass hardware for shine? Can you add a backsplash in antique or aged mirror?" Berkus says.
Divide big spaces into zones
To get the most out of a larger kitchen, Berkus suggests using a zone approach. "For example, the island and its location will determine where the appliances sit," he says. "In addition, a large open kitchen allows the opportunity to add an eat-in area. Why not add a built-in banquette upholstered in easy-to-clean materials like outdoor fabric or leather?"
For an investment that lasts, Berkus says to err on the side of classic elements and finishes like stone, nickel, brass, steel, painted shaker cabinets and subway tile. "One of my go-to's is LG’s Black Stainless Steel finish. It's both sophisticated, functional and will up the design ante in any kitchen. It is also fingerprint- and smudge-resistant, making it perfect for families."
Need more renovation inspiration? Check out the LG STUDIO Virtual Designer Tool to experiment with different styles and appliance combinations to create your dream kitchen.
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