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In a housing crisis, how can someone get the most out of their home? A successful home remodeling project will have a home selling for top dollar, even in the midst of a troubled economy. The goal of a successful remodel requires knowledge of items which will generate the most return on the invested capital.
Remodel the Kitchen First
The focus areas of a successful home remodeling project should be the kitchen, the master suite, and any remaining bathrooms. Realtors anticipate a return of at least 50% on invested capital with the successfully remodeled kitchen.
When considering a kitchen, think modern. Items such as granite countertops, stainless steel appliances, and travertine floors. Remember the goal of the successful home remodeling project is to have a greater return.
Along the lines of a great kitchen remodel, home owners need to save money. Instead of purchasing from retailers, purchase from wholesalers and liquidators. Capitalize on the surplus of supplies from new home constructions which have been halted.
Appliances can be purchased on sale at major chain retailers for half of the price of specialty locations. Again, consider wholesalers and their surpluses.
The Master Suite
The second focus of a successful home remodeling project must be the master suite. Think conservatively verses extravagance. Items such as Wainscoting are a needed addition, but cheaper options are readily available.
A major pitfall in home remodeling projects is thinking items to improve the master suite need to be the most popular trendy items. Check local comps in the neighborhood. Attend open houses to get a general idea of the items within each house. Mirror the current home remodeling with what is selling. Chances are more buyers will look for the similar upgrades.
Budgeting for Success
Contact local realtors for an appraisal prior to the start of any home remodeling project. Consult with them to see the value of the home and the potential value if upgrades are installed. The difference is the home remodeling budget. Remember the goal is return on invested capital, so the budget should then be cut in half. The home owner wants to get the most upgrade out of the least amount of money.
Within any home remodeling project, opportunities arise. Plan for the unexpected. A budget should leave at least a 5% window for unforeseen problems.
What else can I help you with?
Where can I find books on home remodeling?
VIsit a bookstore such as "Brooks" or "Barnes and Noble". Ask a clerk to show you where the Home Remodeling section is and you will find books on home remodeling there.
When was Power Home Remodeling Group created?
Power Home Remodeling Group was created in 1992.
What is Power Home Remodeling Group's population?
The population of Power Home Remodeling Group is 1.
What is the population of Power Home Remodeling Group?
Power Home Remodeling Group's population is 1,100.
What is the best option for someone seeking a home remodeling loan?
I need to get a home remodeling loan. But I want the best one. Is this available at the bank, or are there special home remodeling loan people?
Does Home Depot provide home remodeling advice?
Home Depot does provide home remodeling advice but more than likely you'd have to go in to an actual Home Depot store or call your local Home Depot. Their website does offer tips though as far as remodeling homes.
Where online can I get tips for green home remodeling?
I would like to learn about remodeling and keeping my home green. Where can I find some tips online?
Where are some places to look for affordable ideas on home remodeling?
Where are some places to look for affordable ideas on home remodeling that are easy to do for anyone?
Where can I find some remodeling homes ideas?
Looking for remodeling home ideas? Explore design blogs, Pinterest, and home improvement magazines. Full Home Remodeling inspiration often comes from real-life before-and-after projects. Visit open houses or tour model homes to spark creativity and refine your renovation vision.
What are some good reference materials on home remodeling?
The best site to purchase books for remodeling kitchens and bathrooms is amazon.com. Try Bathroom Remodeling for Dummies or Kitchen And Bathroom Remodeling Handbook. Kitchen And Bathrooms: Planning and Remodeling is also helpful.
Is there a do it yourself method to home remodeling?
There is a great website called DIY Home Remodeling that gives you ideas on remodeling every area of your home. They have tips, tricks, photos, and ideas to help you bring your dream to reality. They give you project steps so that you have something to follow.
What are the benefits to refinancing your home and is that a way to get the funds you need to do home remodeling or renovations?
The benefits to refinancing your home is to eliminate the risk and lower the leverage. Yes, you can take out a loan as a way to do home remodeling or revonations
