I continue to be amazed every day at the recommendations the experts give on national TV. Unfortunately, homeowners have been taking these recommendations to heart. I believe this advice has significantly contributed to the housing bubble that just burst. It is just unbelievable how much money people are willing to throw at remodeling projects. Due to the fact that most people pay market price for their house, it is unlikely they will resell the house quickly and get all their remodeling money back at closing. This is particularly true in declining real estate markets. I see it all the time on those remodeling and house selling TV shows. Their experts say if you do this outrageously expensive kitchen, bath or bedroom remodel you will recoup 90%. Maybe it is the new math and I am getting old, but my calculations say they just LOST 10%!
It is a better strategy to spend less and get good value for your purchases. A few TV shows do it right but many do not.
There are tons of things you can do to get good value and save money when you are remodeling. Many buyers still say they want granite counter tops but they are not willing to reimburse you for 100% of what you paid for them. The result is a financial loss for you.
So what are some of the right ways to do the work? Here are a few of my favorites.
1. Try to do a good remodel within the footprint of the existing structure.
2. Skip the wild paint treatments and wild custom decorating. Simple, uncluttered and restful will work best. Restraint may be your best bet.
3. Determine what will make your house better for you to live comfortably and concentrate on those items first and recycle and reuse materials intelligently.
4. Keep appliances and fixtures in or near their old spots when remodeling. It will save you big money.
5. Do your own demolition but watch out for hazardous substances. Hire an expert to test for these things.
6. Utilize the home stores in house installers for some of the work you have done. They have to give a level of satisfaction to keep their jobs. It may be a lot less risky than hiring some friend of a friend who calls himself a professional. A lot of people who are working at building are NOT GOOD!
Also, be sure and do not mess up your floor plan. Did you know what is required in most municipalities for a room to meet the code definition for a bedroom? Make sure the work you pay for will pass the appraiser test at resale. Not doing this could cost you big $$$.
Did you know that 2 simple words will probably help you sell your home the fastest and for the most money, and they have nothing to do with design or decor? Learn more at Sell Home Now or at his other site for note selling information at Mortgage Buyer
[tags]sell home now, sell home fast, selling home, mortgage buyer[/tags]
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