Home Improvement Contractors Aztec NM
Additions and Bonus Rooms: Make the Extra Space Count
Think about the room. Why are you building an addition? What is your intended use of the space? If you haven’t gotten this far, you need to figure it out before you start building. That way, you can customize the room as you build, making it ideal for whatever your purpose is. If you are adding a multimedia or entertainment room, you can build in all of the extra electrical outlets, cable outlets, and other utilities that you need. If you’re adding on an office, you can include extra lines for fax machines, phones, computers, and other elements while the walls are down.
Taking care of things like this before you have walls in place is much easier than putting them in after the walls have gone up. That’s why it is so important to plan the room or addition that you are creating. Many people will build an addition without their intended use in mind, and then decide to use it for something that requires extra utilities, built-in features, or other elements that could have been included in the original design. You need to make this extra space count, and having the entire design plan on paper before you begin is the first step.
Home Remodeling Projects that will Increase the Value of Your Home
Not every home remodeling project is going to add worth to your home. Some projects may make your home look nicer or make it more functional for you, but that doesn’t mean that you will see your money back from the project when you go to sell your home. Here are some home remodeling projects that will have you making the money in put in back plus more.
A kitchen remodel can cost anywhere from $10,000 - $100,000. If you remodel your kitchen correctly you can easily recoup the money from the project when you go to sell your home. The key to a kitchen remodel is to remember what neighborhood you live in and what the rest of your home is like.
If you live in a neighborhood where the average cost of a home is $150,000 you are not going to want to spend $75,000 on a kitchen remodel. You will not be able to get all that money back. Also, you need to look at your individual home as well. If you live in a small 3 bedroom home that is only worth $100,000 it doesn’t make sense to spend more than $20,000 or so on a kitchen remodel.
Be sure that you keep this in mind when picking out appliances, flooring, and countertops. You don’t want to end up with your kitchen being worth more than your whole house put together.
Add Curb Appeal
The outside of your home is the first thing that people see when they come to look at it to potentially buy it. If your home has no curb appeal people may already be put off and not show interest in it even if the inside is beautiful.
There are simple and inexpensive ways that you can add curb appeal and make your home worth more money than you spend. One of the best ways to do this is to paint the exterior. Another way is to have your yard professionally landscaped to highlight your house. Lastly, you can redo your porch to make more exciting or add some décor touches to the outside like flower boxes outside the windows.
Just like a kitchen ...
Remodeling for Rental: Income Property
Your dream home turned out to be more of a chrysalis, where you were once a caterpillar and now you’re a butterfly. And while you may be ready to spread your wings, you may not be ready to sell that dream home. Nope, you’re going to become a landlord and rent your place out.
Can you remodel to rent? You bet. And in some cases, you have to.
Why or When Should You Remodel to Rent?
If you have rooms that are unfinished, remodeling is a must. You’ll be able to get more out of a rental and at the end of the day, it will also add value to a sale.
Sometimes basements can be turned into living spaces, which can serve two purposes. One is adding yet another room/option to a potential renter or, in a pinch, if you need to stay there, you can simply rent IT out.
If you have a basement, invest in it. It’s the foundation of your house and could really add value, both in fluid and appreciated income. Another reason you may want to remodel when you rent is that you might actually want to make your place as renter proof as possible.
This would include something as simple as fresh paint job. If you can afford it, a quality primer, with at least the very least, two coats should give your walls a fighting chance when you leave.
You also probably don’t want to spend an arm and a leg on maintaining your yard. If you have high maintenance shrubbery and flowers, you might want to do something different. Putting in a lawn might be a decent idea, especially if the rental is long term. If you can’t, then hiring a gardener and build the cost into the rent. That’s common practice.
You want to maintain as much value as you can. Another judgment call to be made around remodeling to rent is flooring.
Sometimes it’s just best to leave it alone, but if the carpet has a lot of wear and tear, you can rip it out and drop a newer carpet suitable for a rental. You’ll likely be able to write...