Home Improvements to Increase Home Value – Basic Information to Know

Real estate is a fast-paced industry yet the booming market for this sector is definitely a tough and competitive entity to deal with. However for those who are brave enough to venture into real estate, through all the difficulties, the reward is surely promising and inevitably remarkable. One of the very first things that home sellers should attend to would be making sure that their properties have certain edge amidst the myriads of others set in the real estate listings. There are actually several things to do this and the most prominent would be boosting the home value of the house they are selling.

What are the ways to improve home value?

Now more than ever, buyers and potential homeowners are vehemently careful and conscientious in buying or investing their money in real estate. Hard-earned money in times of economic uncertainties is definitely something worth investing in great properties or ventures thus you as a seller must make sure that your property is something that buyers should be putting on top of their list. One very sure step to do this is to make the necessary home improvements in your property that is equivocal to home value. So how are you going to make home improvements that would effectively generate positive results?

What are the different home improvements you should choose?

To make certain upgrades in your home you must basically have a sound discretion and judgment on the kind or particular parts of your house that needs the improvement in order to get the greatest return.
Here is a list of some of the important home improvements you need to consider.

o Kitchen remodeling. This is a very salient area of your house since this is the room where the family spends much of their time interacting with each other. Most of remodeled kitchen has a return-on-investment rate from 80%-93% which is equivalent to an average expense of $15,000 and more. To appraise your kitchen area you may start with the materials, fixtures and appliances in order to have spacious accommodation and thus increase its functionality.

o Bathroom remodeling. Renovating your bathroom could actually give you 85%-90% return of your investment that costs approximately $10,000 and up. Providing two or more bathrooms in the house is a good idea as well as improving some features like tile floors, sinks, bath fixtures and faucets.

o Wall paneling. This is another good renovation idea which you could even conveniently do on your own. This is great in improving your home value because the exterior quality and appearance of your home is a great way to attract and make buyers consider your property. There could even be multitudes of designs you can choose from which you could customize for your prospective buyer’s preference.

Home improvement definitely enhances your home value and that is quite proven in the real estate trend. To be effective and see greater results for this kind of endeavor, it is important that you make proper calculations so that the cost perfectly matches the return-on-investment you would benefit from.

Your Major Home Improvement – The Secret to Get Your Remodeling Project Started

You know what you want. You’ve been dreaming and planning for months or, has it been years now? But, what holds you back? More importantly, what would get you started on the path to making that dream home creation a reality?

Guess what. You are not alone. Your procrastination is probably not your fault. If you’re like many, the decision to pull the trigger is complicated by not having a plan of action that gives you the confidence that you’ll succeed.

You have decided that you want to save money so you don’t want to hire a General Contractor (GC). But, where does that leave you? Can you really go it alone? This can be paralyzing. Enter, the home building coach!(Typically much, much more affordable than a GC.)

I really want you to consider a coach if you’re planning to be your own builder.

THE HOMEBUILDING COACH

One of the major benefits of hiring a GC is that he brings a plan. While you may not be happy with the cost, you at least have a certain amount of faith that he knows how to get started and finished. Don’t worry, there’s a little known better way.

A new trend is blossoming in the custom building and remodeling industry. For most, it’s still a big secret. People are beginning to use a Home Building Coach to help them be their own builder and manage their own project. Armed with an experienced home building coach you are suddenly empowered to take that first big step and get started!

In other articles I explain more about what a homebuilding coach can offer but a huge advantage is that you now have a plan. Before the coach, your ideas were there but you just didn’t know how to organize them into a real plan of attack. Think about these advantages, which a custom home coach can bring:

Refining Your Ideas: A professional home remodeling/building coach can easily bring together your ideas, dreams, and questions into a logical picture that helps you evaluate the entire project and its complexity.

Prioritizing Your Goals: Once your ideas are laid out and clearly evaluated, your coach will have you prioritize the most important goals. This is a vital step because when compromises are needed (due to conflicts, cost issues, and design issues) you’ll be able to decide quickly.

Estimating the Cost: I’ve found that one of the top reasons for not moving forward is a lack of ability to assess the project’s entire cost. A building industry coach can do this for you. You’ll find it very useful.

Preparing the Process: Getting the procedures down on paper. The coach will be able to structure a system that provides you a step-by-step approach including step number one!

These are tremendously helpful “project starting” benefits provided by a homebuilding coach. Having everything laid out for you changes the whole picture and makes the decision to pursue your dream an easy one.
So, if you’ve decided to be your own builder but didn’t know how to get started, this could be just the ticket to help you finally get going.

Homeowners Get A Break To Fund Home Improvements

Most homeowners are committed to making improvements in their home. Why wouldn’t they? It can maintain or improve the value of the home, improves the aesthetic feel of the home and can even save money over time. With the new trend to “go green” many homeowners have begun to make environmentally conscious choices for home improvement products. By reducing the amount of energy consumption, they can save money while playing an integral role in helping the environment.

Not everyone is dedicated to the “green” movement as others. Many homeowners have looked into buying energy efficient appliances or adding new, environmentally friendly products to their homes only to realize the additional costs involved with the process. The truth is, energy efficient product may save the homeowner money over time, but the expense to purchase such items may not be feasible for most homeowners. Upgrades such as energy efficient windows, solar panels, recycled roofing materials and a new type of insulation in the attic, all cost a substantial amount of money. So while many desires to make improvements that protect the environment while saving money on energy bills, this economy has left many without the funds to pay for such upgrades.

The Energy Efficient Mortgage Program

For the past ten years, The Federal Housing Authority (FHA) has provided a program that helps homeowners fund purchases for energy conserving products for their homes. The Energy Efficient Mortgage Program (EEMP) has recently begun to get more attention from homeowners wanting to make environmentally friendly home improvements. The idea is that the EEMP will allow homeowners currently under a FHA or VA loan to fold the costs of the improvements into their existing loans.

Under this program, homeowners would be able to borrow up to $8,000, or 5 percent of the home’s value, whichever is larger; in order to pay for the upgrades. The borrowed amount is eligible to be rolled into a 15 or 30 year FHA or VA loan, without adding additional costs to the loan. The funding is available for improvement such as insulating an attic, replacing a furnace or cooling system, replacing windows and doors, repairing/replacing hazardous roof materials, or installing solar panels.

Qualifying For EEMP

The program outlines specific rules for homeowners as to which types of products can be used and who qualifies as an approved contractor. The idea is to control the type of improvements being made to ensure the products being used meet the industry standard for energy and environmentally friendly. Eligibility for the program requires that the projected energy savings is greater than the cost of the work, which is determined by comparing the calculated average of energy used by the home before and after the improvements are made.

Four Great Tips for Your Home Improvement Project

You probably have tons of ideas swimming around in your head about how to improve the look of your house, but what’s the best way to go about the remodeling or redecoration project? You may believe you have the best advice available just by watching shows on HGTV, but how aware are you about what a remodel entails? You’ve been told myth after myth about it, so which ideas do you throw out and which do you believe? Here are four great pieces of advice to ground you while you move forward with your next big project.

Ask for Help

Unfortunately, many homeowners take on huge remodeling projects and suffer the stress and financial strain that comes from classic cases of “Do It Yourself Syndrome.” We know: you think you can do it yourself. What’s worse is you think you can do the entire thing yourself! However, it’s important to take a step back and consider your own capabilities. Maybe you are gifted and talented at doing the siding yourself, but you truly don’t know how to hang a door. Know when to ask for help when you hit a wall, whether literally or figuratively.

Don’t Follow Fads

You don’t have to follow the latest home improvement trends and, in fact, you should take new fads with a grain of salt. Please don’t feel you have to use mixed materials to “look industrial” or “rugged” or “shabby chic.” Instead, go with your personal preferences and what will work for your family’s needs. Trends come and go, and many phase out in remarkably short amounts of time. But committing to one with a home remodel can affect your home’s resale value at a later date. Avoid major trends and instead stick to classic, traditional looks that have timeless appeal in order to ensure that your home appears beautiful no matter how many years pass.

Stick to Functional Fixtures

Although new innovations often come side by side with major trends, many of them add functionality to the structures in your home and are great choices when you want to improve your home’s fixtures. For example, the new models of curb-less showers are convenient and beautiful. Electric sockets that take USB ports called are another item today’s household can make use of for a family’s electronics. Innovations like these add convenience to any home.

Don’t Forget Curb Appeal

You may have heard it said that interior home improvements are the most important. After all, you’ll be spending the majority of your time inside your house using the fixtures and features you’ve purchased. However, don’t underestimate the importance of curb appeal. Consider your roofing, siding, gutters, decks, and awnings, as these are items that can make a big difference if the purpose of your remodel is to sell your property later.

Hopefully, keeping this advice in mind will help you to focus on the parts of your remodeling project that are truly the most important.

Home Improvement – The Green Way

Today, people are more environmentally conscious than ever. They make sure that what they eat, drive, and even build is all sustainable and friendly to the environment. With that in mind, let’s take a look at some of the biggest green trends happening in the home improvement industry.

Eco-friendly Flooring

More and more homeowners are making the switch to environmentally safe flooring. Some popular forms of green flooring are bamboo, cork, sustainable hardwood, and recycled linoleum. Not only are these flooring options eco-friendly, but they are also stylish and affordable. Some things to keep in mind when purchasing sustainable hardwood: make sure it is certified by the Forest Stewardship Council (FSC) and that it is harvested from a local source in order to reduce energy expenditure.

Solar Energy

Solar power is somewhat like the poster-child of green building. It’s been around for quite some time now and is one of the highest impact green building elements today. It can even pay for itself over a span of several years. Yes, you will be paying a lot upfront for the panels themselves and installation, but your electric bills will be reduced drastically and save you more money in the long-term.

Natural Cotton Insulation

Natural cotton insulation is actually just a fancy term for recycled denim. That’s right, denim jeans are now diverted from piling up in the landfill and are actually being used to regulate temperature in your home. The huge bonus with denim insulation is that there is literally zero waste when producing it and it doesn’t contain any chemical irritants like its traditional counterpart. Another bonus to having any sort of insulation in your home is that it keeps the heating and cooling bills down by keeping your home at a relatively constant temperature.

Other Exterior Green Building

There are two major outdoor renovations that many homeowners may overlook when thinking about making their home more eco-friendly. Both your home’s fence and garage door are potentially two big items that can be damaging to the environment. Massive amounts of wood or steel are used for both of these structures, leading to deforestation and large amounts of energy expended. Try instead to use recycled wood or bamboo on your fence, and use reclaimed wood garage doors as well.

There are many agencies and organizations out there to help you get more educated on what you can do to go green with your next project. Some good ones are the Environmental Protection Agency (EPA) and the United States Green Building Council (USGBC).