Remodeling part of your home can be a great idea for homeowners in a down market. Perhaps its just what your house needs to get that second look from the perspective home buyer, or you just want to make your home better. The most common remodeling projects are for the kitchen, bathroom, basement, and garage with bathroom remodeling having the highest cost recoup ratio of them all at 91% (according to a study at houstonproperties). Before you get started on a major remodeling project, there are few things to keep in mind.
Don’t remodel your house to try and increase the value, it does not work that way. Remodeling work will increase the value of your home, but not beyond the cost of the work. If your house has been sitting on the market for a long time and you think there is a part of the house that has been turning away buyers for aesthetic reasons, that might be a room to consider remodeling. The main reason one should consider remodeling a room in their house is for themselves and nothing more.
Once you decide to begin a remodeling project, there are a few things to keep in mind. If you are remodeling to try and move your home on the market, spend your money “where the water is” (kitchens and bathrooms). These areas tend to have the highest cost recoup ratio. If its going to be a kitchen remodeling job, make sure to move your refrigerator and microwave to places where they can still be used. If any remodeling will be going on around furniture, make sure to use lots of tarps to protect from dust and paint. Also, if your having some painting done, make sure your contractor leaves a couple of cans for touch ups and scratches later on.
Once you have chosen a contractor, review the design plans and brainstorm ideas that might conserve cost. Make sure to agree upon specific materials that are important to you in the remodeling process. For example, if you are set on a certain brand name cabinet, or certain type of marble counter tops, make sure to put those details in writing with your contractor. Before you begin, make sure you remove any valuables from the house to avoid any problems. Lastly, its common knowledge to only higher contractors who are licensed, glued and insured, but it is advisable to request documents thatverifies everything is accurate and up to date.