Jeri Collins Home Remodel April 01st, 2019 - 02:31:46
Home remodeling and the housing market have slowed down, but there are optimistic signs that things are getting better. According the "Housing 360" report by Hanley Wood, about 42% of homeowners feel that it's a good time to remodel their homes. For homeowner's with a higher income of $100,000 or more, the statistic increases to 56%. The lack of credit still makes it hard for homeowners to buy new homes or renovate their existing homes. But recently, people have been watching their money closely and been able to provide the money for their home remodeling projects with cash. In fact, 80% of homeowners use cash for remodeling their home.
Another tip to consider is that when contemplating two equally useful changes, homeowners should research local real estate guides to determine which of the projects will most likely pay for itself. Home prices are always reflected in the taste of the local property buyers and the price that the buyers are willing to pay for the given neighborhood.
New Roof - Want to get as much as a 105% ROI on a home remodeling project? Then talk to your local roofer about upgrading your home's roof. While a new roof may not be the sexiest home remodeling project, it is one with a high return!
Lists of accredited contractors are available from industry organizations like the National Association of the Remodeling Industry (NARI). These organizations can also offer guidance as to how much bonding and insurance is adequate for the type of project you're preparing to undertake.
If you're considering remodeling your kitchen, a good place to start is with the cabinets. That's because they're one of the first focal points you notice when entering any kitchen. A fresh coat of paint on any exposed walls also helps. Not only will the room smell fresher, it will look new as well. Other items on your to-do list can include:
The physical geographic location of your home will also have an impact on which projects will have the quickest or greatest payback. The cost of a swimming pool makes it difficult to recover the cost of installation. Some times, it can even reduce the overall value of a house. However, if you live in the southeast or southwest of the United States, a swimming pool can be a valuable addition to a home especially during the hot summer months.