Earlier this year, realtor.com announced the release of the Housing Recovery Index, a weekly guide showing how the pandemic has impacted the residential real estate market. The index
Dont Gamble On Your Home Improvements
Don’t Gamble on Your Home Improvements
Your home isn’t a “set it and forget” investment. While its value does rely on the market, there are plenty of otherfactors that can turn your investment into a cash cow. Don’t make the mistake of neglecting minor repairs or dating the most important rooms or features. If you want to squeeze every last dime out of your house, you have to roll up your sleeves.
Here are a few pieces of advice on how to retain and increase your home’s value.
Treat your home like you treat yourself. You likely change or add to your wardrobe at least once each year, replace worn out shoes, and spend some time every day focusing on your health. Like you, your home needs attention in little ways, lest it wear out and become an eyesore or, even worse, a liability. Take some time once a month to offer your house a little TLC. This can be in the form of touching up the paint, draining the hot water heater, or replacing outdated brass or acrylic handles, knobs, and drawer pulls in the kitchen and bath.
Bathroom remodeling pays. The bathroom is one area that you’re likely to recoup money spent on a major remodel. But considering that it can cost $10,000 or more, you may want to stick with more affordable DIY upgrades. Surprisingly, there’s a lot you can do to make even a small bathroom a thing of beauty. This Old House polled the pros regardingbathroom renovations and found that a high-end toilet, plenty of storage, and the right caulk are musts for a perfect bathroom remodel. A cheerful coat of paint and a good cleaning can take years off of your bathroom and make it a more enjoyable place for you and more enticing for home seekers.
Some projects require a skilled hand. As much as we all want to believe we are capable of all the repairs and maintenance that go along with homeownership, it’s unlikely that we can complete every task flawlessly. Certain projects are a better fit for professionals who know the subtle nuances of systems, such as the electrical, plumbing, and HVAC. Flooring is another project that requires an expert hand because, if done incorrectly, your floors may squeak, buckle, or even pop up completely. A word to the wise is to get plenty of estimates as it can cost anywhere between $2,000 and $4,500 nationally to install new flooring. ImproveNet is a great site tocheck local prices and find a contractor that can give you a free quote on this and other projects. If you aren’t sure if you should DIY or hire a pro, Money Crashers has some great advice that can help youdecide.
Keep it simple when you DIY. As a general rule, you can perform home maintenance and upgrade projects if it does not require any special tools or put your home at risk of fire or structural damage. If you think it looks simple, find ways to practice your project before you dive in head first and realize it’s not as easy as you think.
Invest in the right tools. You don’t have to spend a lot on your tools to help you do everything from hang a picture to repair a leaky faucet. What you should do, however, is read reviews and avoid cheaply made tools that will come apart at first use. Thiscordless drill review guide is a good example of information you can find online before dropping hard-earned money on tools that you will just have to replace
With a little foresight and a few hours each month devoted to home upkeep, your house will remain in top condition for personal use. Performing minor home repairs and preventative maintenance tasks will also make it a more valuable asset when you are ready to move on. Make sure you have the right tools and don’t get in over your head, call a professional when needed, and treat your home like you treat yourself.
Image via Pixabay
Daryl Hanna and The Hanna Group are committed to bringing the respect back to the real estate profession through making sure each and every transaction is handled with the utmost care & respect!! The ....
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