Gladys Sanford Home Remodel April 15th, 2019 - 00:51:57
They should also provide timely status reports to keep you up to date on the project timelines and budget. Find out what happens at the end of a remodel with their company. They should not consider that their job is done until you say it has been completed to your satisfaction. Better companies will also want your feedback after they have completed their work, and may offer you a project evaluation form to fill out.
There are two types of home equity loan, the HELOC (Home Equity Line of Credit) and the lump sum loan. Both are optimal for remodeling use. Lump sum is the percentage equivalent of the home's value while HELOC is a credit line the percentage equivalent of the home's value. For major home remodeling loans that includes several rooms and areas (and with overall cost reaching a hundred dollars) the lump sum home equity loan should be applied, otherwise HELOC should be used.
Did you know that there are several sources that can give you insight into the expected payback for home improvement projects? Realtor magazine publishes an annual "Cost vs. Value" report that compares the cost of common remodeling projects and shows the payback that homeowners can expect. The report for 2009 can be found at: http://www.realtor.org/rmohome_and_design/Articles/1001_costvsvalue_2009
The water purifying system that you spent $1500 on might be an eco-friendly upgrade that you think is significant but it will typically not bring any added value to a potential buyer and also runs the risk of not being the latest and greatest a few years after installation.
It won't be a remodeler's market forever. Although the current market conditions are ideal for home remodeling, the construction industry will eventually bounce back. The economy is in recovery and homeowners' budgets are loosening; there's no reason to delay your whole house remodel.
Faster project timelines. With more accessible materials, and available designers and contractors, a whole house remodel can get finished faster now than a few years ago. The days of 12-18 month waiting periods and delays leaving remodels half-finished are over.