I’ve been planning to have my house renovated, but I am on a tight budget and I have no idea how will this work. I think paying for the project with money that I already have can help me save up money compared to paying interest if I take out a loan. Thanks for this; I should also start looking for a reliable contractor so we may proceed with the renovation.
That’s a great point to design with the future in mind, especially for people who are looking to put their home up for sale within the next few years. We are actually doing a renovation so that our home will be worth more when we sell, so that tip is for us. I think we might try consulting with a bathroom remodel specialist because they would know what trends are here to stay for the next few years—at least long enough for us to sell our home. Thanks for the info!
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 One cost-effective change — like replacing an outdated vanity, old plumbing and lighting fixtures or adding a new tile floor — will guarantee a lot of bang for your buck and give your bath an updated, modern look.
Figure out your entire budget. Don’t forget things like eating out more than usual if you are doing a kitchen remodel or hotel expenses if you will have to move out of your home during any of the work. Decide if you need to split the project into phases based on how the budget is shaping up. If the contractor arranges financing for the remodeling work, be sure you understand all aspects of the terms, especially you are taking out a second mortgage on your home as security. You may want to ask about putting an arbitration clause into your contract in case of any dispute between you and your contractor.
One of the simplest, most cost-effective improvements of all is paint! Freshly painted rooms look clean and updated — and that spells value. When selecting paint colors, keep in mind that neutrals appeal to the greatest number of people, therefore making your home more desirable. On average, a gallon of paint costs around $25, leaving you plenty of money to buy rollers, painter's tape, drop cloths and brushes. So buy a few gallons and get busy!
If you were offered $100,000, no strings attached, what home improvements would you do? Chances are, a long laundry list of changes come to mind, from refinishing the hardwood floors to adding a new bathroom. Some home improvements, however, are more likely to increase your home's value than others. Although you shouldn't think of your home as an investment, with limited home improvement funds, it's good to consider whether a project has a decent return on investment.
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Only 7 percent of handymen and painters say they routinely are tipped, though 28 percent say they receive tips for service that goes above and beyond. Remodeling companies expect a tip 6 percent of the time, with 18 percent tipped for top-notch service. Half of remodeling firms say their gratuities come in the form of food and drink, gift cards or personalized gifts.