Resources
Network Marketing as a Home Based Business
By Diep Tran
With the Internet being such a large part of everyone’s lives today, it’s only natural that many people are also seeing it as a way to earn money at home. Although some people are operating “regular” Read more...
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Resources
Home Office Library Furniture: Striking A Balance
By Jared Winston
A home library can be the highlight of your home, as a place for you to relax and rest or as a place for you to study and learn. However, it can also be the center of your business life. Many people Read more...
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Resources
Here's How to Organize Your Home and Feel Better at The Same Time
By Patricia Wagner
Did you know that a clean orderly home can give you an enhanced sense of well-being? Living in a disorganized mess can make you feel disorganized too. Your home is meant to be a haven from the Read more...
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Make Money Renovating Your Home
By Sara Green
Do you love your home? Does your contain thousands of memories - raising your children, holidays, and weddings? Did your parents raise you in your - has it been in the family for two generations or more? If so, perhaps you'd like to renovate and modernize your and continue to live in your wonderful homestead. But if you plan on selling your home, making some much-needed renovations can greatly improve the selling price of your property.
Is it possible to add value to your through renovations? Answering this question depends on the and the renovation project, but for the most part, yes it is possible. Stores like Depot and other renovation retailers see billions of dollars each year spent on updating homes. This is a clear indicator of the frequency of renovations, but lets take a look at some figures before judging the success of a renovation project. As a smart homeowner it is best to plan first; look at how much you want to spend and realistically how much value the project will add to the house.
A typical bathroom remodel costs somewhere around $11,000. Sure this may be a bit pricey for some, but consider that on average that same typical bathroom remodel added just over $11,000 worth of value to the home. After a quick calculation in your head it is easy to see that a homeowner
can recoup over 100% of their costs. Projects that take place in other rooms throughout the house show somewhat similar results.
Research printed in the National Association of Realtors and Remodeling magazine shows that most homeowners can rationally expect to recover their renovation costs if they plan carefully. For example a middle of the road remodel of one's kitchen costs $43,000 on average and can add value of about $40,000. This is a better than 90% recovery of funds.
A common renovation for older homes is replacing old windows with newer, more efficient windows. In a mid-sized this would cost about $9,500 and add somewhere around $8,600 of value to a home. In comparison renovating a master bedroom on average would cost $76,000 and recover about 85% of that money. If you are looking for an addition, a family room would cost around $55,000 and return about $45,000, or 83% of the value.
With the help of a well-informed real estate agent, you'll need to decide what renovations will truly enhance the selling value of your home. For example, not everyone needs a office in their new home, but everyone needs a bathroom or two! Attractive borders around your kitchen wall turn out to be mere "fluff" if the paint in the dining room is peeling. Your real estate agent will make sure that potential buyers see the essential, quality renovations rather than the fluff.
Homeowners shouldn't undertake major renovations solely to turn a profit. Renovations are really for enjoyment and not for putting money in your pocket. However, if you're happy with the results of the renovations you have carried out and completed, and they increase the quality of life for you and your family, then your money has spent.
Sara Green is the real estate marketing director for Placerville real estate where you can find local school information, full access to the Sacramento California area MLS listings. Visit: www.debrarealtor.com
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