Real Estate News Online

4 Golden Tips to Renovate Your Home this New Year

If you have plans to remodel your house, then this New Year is the best time to do it. Kermit Baker of Harvard University’s Joint Center for Housing Studies is of the opinion that the real estate remodeling market is gradually slowing down. So contractors may not be busy these days and you might get to talk to them ……on your first try.

So below are following tips from RealEstateNewsOnline.net to help you remodel your home this New Year:

 Home Remodeling Tip #1

Start your remodeling work by focusing on your kitchen and bathrooms. Remodeling your kitchen and bathroom can give you close to 100% return of your investment. Try avoiding hot trends like trash compactors and avocado green appliances.

 Home Remodeling Tip #2

While remodeling you might want to get an idea of what your neighbors are doing. You may like the fish pond or the wrought iron fence of your neighbor, but you probably won’t want your house to look out of place. Bankrate (an organization that provides quotes for mortgage loan, home loan etc) explains that remodeling should not increase your home value more than 25% of its current selling price else it may be difficult to sell it later on.

 Home Remodeling Tip #3

While hiring a contractor, there are few things that you should consider.

It is always better to go with a contractor who has been recommended to you.  Make sure that you get at least three bids before you decide the cost of remodeling. But don’t always go with the lowest rate. Consumer reports warn that going with the lowest contractor bids, often resulted in poorer quality work. In other words, “You get what you pay for”.

Ask your contractor for their insurance and licensing information before you sign anything.

 Home Remodeling Tip #4

So what kind of trends you are going with? An aging demographic may prefer renovations that will aid them in moving around their home. For example, they may look for wider hallways and doorways, additional handrails in the bathroom or wheelchair accessible features like a front porch ramp”.

 I hope you enjoyed our, “4 Golden Home Renovation Tips”. For more home remodeling tips, make sure you subscribe to the RealEstateNewsOnline RSS feed.