Home renovation, also known as remodeling, is a way to improve your property. It can include projects that upgrade the interior and exterior of your home. These projects can boost the value of your property. There are many factors to consider before starting a home renovation project. Here are a few of them: Cost, Permits, Materials and Resell Value
Boosting resale value
Home renovations can raise a home’s resale value. Experts from Better Homes & Gardens weigh in on the most effective upgrades and how to maximize the resale value of your property. These projects will add value to your home and help you to sell it faster.
Cost
Whether you are selling your house or staying in it, there are many factors that affect the cost of home renovation. Depending on your plans, you can choose to focus on rooms that are highly used or areas that need some aesthetic improvement. Identifying these factors will help you choose the right plan and prioritize your renovations. A detailed plan will make it easier to work with designers and contractors and get your house ready faster.
Before deciding on the type of renovation, you should estimate the total cost of the project. This may include replacing the flooring, repairing a kitchen, or adding an extra bathroom. You can also change the exterior of your home by repainting, re-tiling, or adding guttering. This can add around fifteen thousand dollars to your budget.
You should also consider the location of your home and whether it has stairs or an elevator. Renovations on high floors may require more work, and in some cases, require multiple skim coats or demolition of the old walls. Additionally, the height of the home will also be a factor in the cost. Renovations requiring you to go up and down the stairs will take longer and cost more.
You should also consider the materials you will use. The quality of the materials you use can greatly impact the price of a renovation project. Lower-cost materials are typically prefabricated or store-bought, while higher-end materials require custom fabrication and higher quality labor. For example, cheaper materials may include cabinets made of medium-density fiberboard and solid wood floors with narrower planks.
A midrange home renovation can cost between $48,000 and $75,000, while a high-end home renovation can run from eighty-thousand to two hundred thousand dollars. This includes a complete kitchen and bathroom remodel, exterior updates, and upgrades to the building materials. High-end renovations will typically involve major structural changes, expensive kitchen appliances, new plumbing and electrical systems, and new roofs.
When considering the cost of home renovation, remember that small expenses add up to big expenses, so it is essential to know what you really need and what you can do without. First, you should make a list of the things you want in a home. Then, divide the wants from the needs. Once you know what you need, you can then prioritize and make the final decision.
Permits
Permits for home renovations can be expensive. Depending on your city and the type of project, you can spend anything from $435 to $2,299 on a home renovation permit. Permits are often required for structural additions, home renovations, and electrical projects. Failure to obtain these permits can result in hefty fines.
While they’re not particularly exciting to deal with, building permits provide an additional layer of protection. They ensure that your new home is solid, safe, and welcoming. In case something goes wrong, you can be sure that the contractor will be held liable. Whether you decide to hire a professional to handle the project or complete it yourself, there are a few things you should know before starting the process.
First, you should check the building code for your area. The city will require permits for major renovations, including the addition of a garage or workshop. You should also check with the city if you plan to add a pool or deck. A permit is also required for a deck that is 60 centimetres off the ground. You may also need a permit for adding or enlarging windows or adding a fireplace. You should also obtain a permit for any changes to your home’s electrical system.
The process of obtaining permits for home renovations is a complex one. Not only must you follow the city’s rules, but you should also check the municipality’s website. Most towns and states maintain Web sites that list their building code requirements. Using a licensed and experienced contractor is always recommended, especially if you’re not familiar with the code in your area.
The Department of Buildings (DOB) has helpful infographics that outline the process of getting approvals. It’s important to note that some renovation projects require permits while others do not. This is why it’s important to work with a professional before starting any major renovation projects. It’s also important to know what your local rules are and if your home renovation project requires a permit.
While some renovation projects require a permit, they are often small. A bathroom remodel, for example, might require an electrical permit. A kitchen remodel, on the other hand, does not need a permit.
Materials
When renovating a home, materials are a vital component of the overall design and appearance. Using substandard materials can compromise the overall effect of your renovation. When choosing materials, consider durability, color, and moisture resistance as well as overall cost. Choosing materials with specific functions is also important. Try to choose materials that save energy and water, and use water-saving plumbing fixtures. This will save you money in the long run and increase the value of your home.
While buying materials, keep your architect and designer in the loop. Buying materials before consulting with your designer or architect is a mistake that can cost you a lot of money. To avoid this mistake, plan your renovation carefully before you start shopping. You can also wait until your architect/designer has approved your design before purchasing materials.
Another way to save money on materials is to salvage building materials. Although salvaged building materials might not be local, they are a sustainable option that will add a rustic look to your home. Salvaged building materials can include bricks and fine woods. These materials are most often found in older homes, built before the advent of plywood and other cheaper materials.
