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13 Extra Costs to be Aware of Before Buying a Home
Whether you're looking to buy your first home, or trading up to a larger one, there are many costs - on top of the purchase price - that you must figure into your calculation of affordability. These extra fees, such as taxes and other additional...
Build Your Own Storage Sheds
If you decide to build your own storage sheds, choose a design
that complements your home. If the design of your home is
formal, choose a shed design to suit it. If you are living in a
country home, choose a shed design that matches it. If your...
Home Improvement Magazine
In every newsagent in every street there are several home
improvement magazines to choose from. These magazines are
available for all different sorts of home improvements. You can
improve your home in anyway that you like, these magazines...
Selling Your Home Starts At The Curb
Have you been considering selling your home in the near future? If you have, then it wouldn’t be a bad idea to take a good long look at your home, using an unbiased eye.
After all, a clean, appealing, well maintained home has much better odds of...
What Empire Carpets Can Offer You
If you are in the market for new carpets you are probably
already aware of Empire Carpets which offers convenient in home
shopping services, quick installation, and low warehouse
pricing. That's why they are one of the most popular choices...
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Home Improvements That Increase Your Home’s Resell Price
One of the best things you can do as a homeowner is to use some of your home equity dollars to finance home improvements. Not only will the additions make your home more attractive and pleasant to live in, but certain projects will bring a significant return on investment when the time comes to sell your home. The following 5 projects have been proven to add extra dollars to the average home resell prices. The statistics are courtesy of “Remodeling Magazine.” ROI stands for “return on investment”
1. Minor Kitchen Remodeling: Average cost = $8,655. Average ROI = 88%.
A minor kitchen remodel usually includes replacing the cabinets and countertops with higher quality materials or increasing the total amount of cabinet storage and countertop surface area. It would also most likely include the addition or upgrade of appliances such as garbage disposals, built in microwaves, dishwashers, and higher quality refrigerators.
2. Bathroom Remodel: Average cost = $9,135. Average ROI = 81%
This project would include things such as installing attractive countertops such as stone, granite, or marble. The fixtures would need to be upgraded and the shower and bathtubs should be resurfaced. Also, any tiling would need to be grouted. Other things that could increase the value of a bathroom remodel would be adding an extra sink basin, converting a bathtub to a Jacuzzi, or installing additional showerheads.
3. Major Kitchen Remodel: Average cost = 31,090. Average ROI = 71%
The major kitchen remodel is very costly and will take much more work than the minor remodel. The major version will require all appliances
to be replaced. Whenever possible, appliances should be made in stainless steel. The countertops should be made of stone or granite. The floors might be replaced with high quality laminate flooring. The addition of a kitchen island or a centrally located stove could work. For a major kitchen remodel, you should consult a contractor and possible an interior designer. This is definitely not a do it yourself project.
4. Outside Deck: Average cost = $8,022. Average ROI = 55%
The deck is self-explanatory. The larger the deck, the higher the return on investment will be. The deck should obviously be coated with a nice looking finish that matches the outside of your home, and needs to be treated with a high quality water seal.
5. Hardwood Flooring: Average cost = Varies. Average ROI = Varies
The cost and return on hardwood flooring varies greatly based upon the total amount of rooms and surface area is remodeled. Also, the choice in the variety of hardwood will impact the value. Certain woods like Oak and Cherry are more valuable than others. Also, it is very important to properly maintain your hardwood floors. Flooring that is scraped, scratched, dull, or water stained can actually decrease the value of your home. If you have active children, you might want to stick to carpeting.
About the author:
Nicollette Dial is a freelance author who comes from a family of contractors. She contributes to several home improvement websites, including http://www.allhardwoodflooring.info
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