I hesitated to add this to the list, because sometimes helping hurts, if you know what I mean! The same thing goes for doing it yourself. If you end up messing things up and have to hire someone to come fix it, then you’ve added expense to your project rather than saving money. But if you have electrician friends who’ve offered to help, or someone who has laid flooring in their home and has the equipment and experience, definitely take the help! But be judicious with who you allow to help, and make sure you communicate whether or not financial compensation is expected in exchange. Trading professional services is one way everybody wins in this type of scenario.
However, you may choose to add a clause in your cost-plus remodeling contract that pays a bonus if the contractor completes the project early or under budget. This is more an incentive than a show of appreciation, and can be a percentage of estimated money saved or a flat fee, perhaps $500 to $1,000 for a major project like a large kitchen remodel.
For most people, their home is their single largest investment, so treat it that way. Hire a financial planner to work out a strategy for protecting your investment by analyzing all of the financing options that are available. A financial whiz can tell you if you should refinance to lower your monthly payments or pull out some equity to pay for value-adding improvements.
Thanks for giving me the idea that brass and gold tone fixtures can add depth and dimension to a bathroom. This part of our house needs remodeling, and we’re looking for nice designs and ideas. Brass and gold fixtures are elegant additions to our bathroom. I’ll be looking for a remodeling contractor to help me start my bathroom’s restoration. Thanks for the advice!
A functional, decorative ceiling fan is a beautiful thing. It provides necessary light and, in warm months, creates a soft breeze reducing the need for expensive air conditioning. But, an outdated, wobbly, loud or broken ceiling fan is a useless eyesore. Replace old fixtures with new ones to make your home more enjoyable for you now and to increase the bottom line should you decide to sell.
If you’re planning to do a lot of work yourself, be aware that there are things you should not do yourself if you aren’t licensed, such as electrical work or moving utility lines. If you are skilled enough for a job like tearing down walls and installing load-bearing beams, be sure to get a permit. This will keep you from getting into trouble, and it will also protect future inhabitants of your home.
A great room to update for less than $750 is the bathroom. The two rooms that benefit most from even small renovations are the kitchen and bathroom. One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.
A "bright" way to increase the value of your home is to lighten up. Adequate lighting in a home makes a big difference. Not only does a bright, well-lit room feel more cheerful but it also makes spaces feel larger and cleaner. A well-lit room also shows that you have nothing to hide, so should you decide to sell, prospective buyers will feel at ease when touring your home. Hire an electrician to add recessed lights to a dim kitchen or family room or to brighten up a formal dining or living room with elegant sconces. You'll enjoy the bright effect now and your home will feel warmer and more welcoming to homebuyers.
Home renovations have been some of the most exciting, but also most trying times in my life. My biggest advice is to just know yourself and what you’re cut out for, and don’t get in over your head, budget-wise. No beautiful home is worth the anxiety that comes along with consumer debt! If you have the extra money, it’s worth saving yourself the stress and hiring out the work, as long as you found someone good and trustworthy—otherwise it may equal even more stress! Sometimes homebuilding also equates to character building, and I’m talking about personal growth here, not investment growth. But the two aren’t mutually exclusive.