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FAQ
How do I choose a good contractor?
Ask family and friends for referrals when looking for a contractor. Look online reviews as well. Make sure that the contractor you choose has experience in the area of construction that you are interested in. Check out references and ask for them to provide you with some.
What room should first be renovated?
The heart of any home's kitchen is its kitchen. It's where most people spend their time cooking, entertaining and relaxing. Start looking for ways that you can make your kitchen functional and more attractive.
Bathrooms are an important part any home. You can relax in your bathroom and take care of daily tasks like bathing, brushing your teeth and shaving. You can improve the function and appearance of these rooms by adding storage, installing a bathtub instead of a bath, and replacing outdated fixtures with moderner ones.
How much does it set you back to renovate your house?
Renovations can cost from $5,000 to $50,000. Most homeowners spend around $10,000 to $20,000 on renovations.
Can you live in your house while it's being renovated?
Yes, I can live in my house while renovating it.
Can you live in a house while renovations are going on? The answer depends on how long the construction work takes. If the renovation takes less time than two months, then no, you can still live in your home during construction. You can't live there if your renovation project takes more than two months.
The reason why you should not live in your home when there is a major construction project going on is because you might get hurt or even killed due to falling objects from the building site. There is also the possibility of dust and noise pollution from the heavy machinery at the job site.
This is especially true if your house has multiple stories. This is because the vibrations and sound created by construction workers could cause serious damage to your property.
As we mentioned, temporary housing will be necessary while your home is being renovated. This means that your home won't provide all the amenities you need.
You won't be allowed to use your dryer or washing machine while they are being repaired. You will also have to put up with the smell of paint fumes and other chemicals as well as the loud banging sounds made by the workers.
All of these factors can create stress and anxiety for you and your loved ones. So it is important that you plan ahead so you don't feel overwhelmed by all the circumstances.
When you decide to start renovating your home, it is best to do some research first so that you can avoid making costly mistakes along the way.
You can also consider professional advice from a trusted contractor to ensure smooth running of your project.
Statistics
- A final payment of, say, 5% to 10% will be due when the space is livable and usable (your contract probably will say "substantial completion"). (kiplinger.com)
- Most lenders will lend you up to 75% or 80% of the appraised value of your home, but some will go higher. (kiplinger.com)
- Rather, allot 10% to 15% for a contingency fund to pay for unexpected construction issues. (kiplinger.com)
- The average fixed rate for a home-equity loan was recently 5.27%, and the average variable rate for a HELOC was 5.49%, according to Bankrate.com. (kiplinger.com)
- ‘The potential added value of a loft conversion, which could create an extra bedroom and ensuite, could be as much as 20 per cent and 15 per cent for a garage conversion.' (realhomes.com)
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How To
What should I budget for the restoration of my old home?
Cost of renovating your house will depend on the number of rooms you want to upgrade, what type of renovations are planned, where you live, as well as whether you hire professional help. The average cost for renovations is $10,000 to $50,000 depending on how large and complex the project.
If you're planning to sell your home after the renovation, you'll likely receive less than market value if you don't take into account the costs of repairs, upgrades, and improvements. If you don't put enough effort into your home before it sells, you could even lose money. However, investing enough energy and time into improving the appearance of your home can help increase the value you get for it when you list it.
These are some factors that will help you determine which projects you should start:
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Your budget. You can start small if you have limited funds. One room can be tackled at a time such as painting walls or changing flooring. Or you can hire a contractor who specializes in kitchen remodeling to make some major changes without spending a lot of cash.
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What are your priorities? Your priorities. Do you want your home to be in a better condition? Or do you just need to fix a few problems? One issue can become a major problem quickly, so it's important to choose a single area. For instance, if your roof leaks every time it rains, you might end up having to replace it sooner rather than later.
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Your timeline. If you're thinking about buying another property soon, you might want to prioritize those projects that won't affect the resale value of your current home. For instance, if your goal is to purchase a new property next year, it might be a good idea to wait to install hardwood floors or to replace bathroom fixtures. To make these upgrades, it might be a good idea to wait until you leave your home.
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Your skills. You might not have the skills to complete a project. If you are unable to carpenter custom cabinets, hiring a cabinet maker may be an option.