Has recession made you postpone the home renovations that your property needs? The good news is that your decision regarding whether to proceed with home renovations should never have to depend solely on recession. While it is true that a proper use of money is necessary when the economy is in recession, this should not make you postpone your most important plans, such as home improvement. Therefore, which home renovations do not depend on recession?
Sourced From Irish Examiner
The Recession Renovation Checklist
Upgrading the Siding
The siding needs a massive upgrade when it has gone through better days. Upgrading the siding should not depend on whether recession is on or not. The prevailing economic climate should not interfere with your decision regarding upgrading the siding, which provides the right amount and quality of cover that some materials require. Without the sidings, the materials that it covers would be damaged, thus last briefly. This would translate into a huge financial loss for you.
Furthermore, the upgraded siding will improve your asking price in case you decide to sell the house. Install a siding that is formed from fiber cement and recover up to 87 percent of the money that you spent on constructing the property when you put the building up for sale. If your siding is currently made of aluminum or vinyl, you should not waste any more time but upgrade to one featuring fiber-cement as the core material. Do this and recoup all your construction costs.
Enhancing the Bathroom
The bathroom tends to be the smallest room in most homes. However, this does not take anything away from the important role that the bathroom plays in day-to-day living. Whether your home attracts the best price or buyers when you finally decide to put it up for sale depends on the condition of bathroom among other factors. A remodeled bathroom affects the rate at which prospective buyers will show interest on the property.
The cost of remodeling a bathroom depends on many factors. The quality of furnishings that you want to use in remodeling the bathroom is one of the factors. The reasons for remodeling the bathroom are different. For some people, the decision to remodel the bathroom is obvious the moment they notice dripping faucets and leaky pipes. If the bathroom has obsolete toilets or inefficient showerheads, plan to remodel it as soon as possible.
If you spend too much time waiting for water to get hot, begin preparing the bathroom for an upgrade. If the mirrors display moisture more than your image thus forcing you to wait long for it to clear up, know that an upgrade is required soon. If your bathroom is full of water pressure problems, plan for a quick upgrade as soon as possible. Therefore, the bathroom should not have to wait for recession to end before undergoing an upgrade.
Inspections are not renovations. However, they form a crucial aspect of renovations. Inspections provide an idea regarding the extent of renovations worth undertaking during recession. An inspection is mandatory if your finances are on the verge of running out and you need to prepare a budget for any renovation that the house needs during recession. Through inspections, you can prevent problems that would cost more money to fix later.
For example, inspections will inform you if the house needs a chimney cleaning, which should cost around $310. Failure to heed this advice could mean spending thousands of dollars fixing the devastating effects of a chimney fire, which might include property damage. Through inspections, you can enjoy peace of mind from realizing that the home is in excellent shape. Hire specialist inspectors to focus on specific parts of the house such as waterproofing or the roofing.
Giving the Flooring an Improved Look
A house with good flooring is exceptional in many ways. For starters, the rooms appear shiny, clean and in a great condition. Whether recession is on or not, do not postpone or ignore the need for upgrading the flooring. Upgrading the floor is an excellent investment that proves financially rewarding in case you plan to place the property up for sale. The proper flooring solution provides an excellent return on investment by lasting much longer.
For example, a carpet that you maintain well can last up to 10 years, as long as it’s in an area that enjoys normal foot traffic. Flooring made of natural hardwood might be costly, but is the best if you need a solution that lasts up to 100 years. Upgrading the flooring is expensive in the short term but is worth every cent in the end. Upgrading to a natural hardwood saves you the money that would have gone into constant flooring replacements.
Sourced From Fish Out Of Water
Remodeling Small Kitchen
It is impossible to go wrong while remodeling the small kitchen. The kitchen does not need a costly renovation – at least not during recession. It is common to find homeowners who surpass their budgets while remodeling the kitchen. Without proper planning, you will surpass the budget without realizing it. The good news is that you can control the money that goes into upgrading your kitchen instead of leaving the task in the hands of other people.
The fact that the remodeling requires a professional does not mean that you should cede the control that you have on the process from beginning to end. Check the estimates carefully and with a fine toothcomb. Eliminate the unnecessary items on the estimates. Focus on aspects of the kitchen that cannot do without an upgrade right away. Leave everything that functions properly in the kitchen to a later date when the recession is over.
You have probably heard the saying that says any item that operates well does not require fixing. The saying holds true specifically during the harsh economic times, such as recession, when lack of money is the norm. During such times, you should prioritize things to do with money and focus only on the essential renovations that the home needs. If any item in the house shows signs of damage or costs more to operate, you might want to consider fixing it straightaway.
Looking for more about recession renovations? Check out this article!
In general there are only two reasons for home improvement, you either improve your home because you want to make it better or you improve it to raise its value so you can earn more money once you sell it. Now, improvement of your home in order to increase its value is different than improving it for your own sake. In this short article I will give you several tips on improving your house in order to increase its value on the market.
Installing a deluxe kitchen in your home is good if you improve it for yourself, but it is a big mistake if you install it in a house you want to sell. Not a lot of people are willing to add additional 50 000 or more just for a kitchen, so be careful what you do in it. You shouldn’t just leave the kitchen in original state, but you should look for the easiest way to increase its beauty and value.
New paint does a lot to a kitchen. It will transform an old kitchen and give it some value, and you won’t spend a lot of money in this way. Buying appliances that are energy-efficient is another way to increase the value of the house. It will save you money and the house will have better rating due to eco friendly devices.
Many old houses have only one bathroom, and on the other hand many new home buyers look for at least two bathrooms in a house. If a house has two floors it should have a minimum of two bathrooms. If you don’t have enough space to add another full bathroom you can add a half bathroom and it will do a trick. You might not be aware but first two things that people look in a house they like is how many bedrooms and how many bathrooms it has.
Turning an attic or even the basement in a bedroom will increase its value. Turning a room above the garage in a small bedroom that can be rented or used by guests is also a thing that will add to the value of the house. Number of bedrooms and other rooms that are smartly used will increase the value of the house, and rooms that serve no purpose are just there to waste the space. Some buyers might like a room or two that has nothing in it, so they can make it in whatever they want, but that fact will not make them pay you as if there was a bedroom or bathroom in that room.
Adding a deck to the house is not a small project, but it isn’t really an expensive thing to do. If you have some handyman skills and you have few friends you can work with them to add a deck to the house. It will cost less than hiring a company and it will boost the price of the house. Even if you hire a company for this project you will still earn a lot of money through it.