Buscar

Loading...

Home Remodeling - Which Rooms To Remodel To Sell Your House Quickly

If you have even a passing interest in the topic of Home Remodeling, then you should take a look at the following information. This enlightening article presents some of the latest news on the subject of Home Remodeling.

If you base what you do on inaccurate information, you might be unpleasantly surprised by the consequences. Make sure you get the whole Home Remodeling story from informed sources.

Many people take advantage of home remodeling to increase their home value. They often sell their property quicker and at a higher price thanks to their home remodeling achievements. Many times you can earn $2-3 on every $1 you spend. That means remodeling your home can actually earn you money.

The problem is most people aren't sure where to start with their home remodeling project. The two most popular areas to increase home value via remodeling are:

* Kitchen Remodeling
* Bathroom Remodeling

The wonderful thing about these two areas of home remodeling is they aren't very large in nature. Unlike opening a den where you need to remove walls, a bathroom remodeling or kitchen remodeling project is done on a smaller scale. As a result, you don't have to spend nearly as much money on your home remodeling project to make your house look fresh and new.

But let's discuss some specific projects that will increase your home value in these two particular areas.

Kitchen Remodeling

If you're considering remodeling your kitchen, a good place to start is with the cabinets. That's because they're one of the first focal points you notice when entering any kitchen. A fresh coat of paint on any exposed walls also helps. Not only will the room smell fresher, it will look new as well. Other items on your to-do list can include:

* New Appliances
* Stainless Steel Sinks
* New Counter Tops
* New Tiles or Backsplashes
* Hardwood or Laminate Flooring

Kitchen remodeling can also include new furniture such as breakfast nook tables and chairs, island carts, or barstools. You don't need to spend a small fortune on your kitchen remodeling project. It just needs to appear visually appealing to potential buyers.

Remember, the newer your home appears, the sooner you'll sell it at a price you want. Remodeling your kitchen is a cost-effective way of doing just that.

Bathroom Remodeling

Much like kitchen remodeling, bathroom remodeling also increases your home value. Better yet, the bathroom is even smaller in size than the kitchen...at least in most homes. So if you've considered remodeling your bathroom to earn more on a home sale, don't forget the following areas to update:

* Cabinets
* Counter Tops and Vanities
* Sinks
* Flooring and Tile
* Tubs and Showers


Home Remodeling Cuts Taxes

Another fact that many people don't realize is there can be an additional benefit to home remodeling when tax time comes. Here's how it works:

When you earn money on the sale of a home, you're charged a capital gains tax. What that means is any money you make over the value of a home can be taxed. However, according to the IRS's Publication 523, Selling Your Home, you can declare certain improvements you made to a home, like kitchen remodeling or bathroom remodeling. This can also include items such as:

* Additions such as bedrooms, bathrooms, decks, garages, porches or patios.
* New plumbing or wiring.
* Any new heating and/or air conditioning units.
* Interior upgrades such as built-in appliances and wall-to-wall carpeting.
* Exterior upgrades like paving the driveway.

Any tax-acceptable improvements are those that add value to your home and prolong your home's useful life according to the IRS, not you. So check with your accountant who knows IRS tax law to make sure any home remodeling you do will be covered. In addition, be sure you save receipts so you have proof of cost.

Where To Look For Kitchen and Bathroom Remodeling Products and Services

If you're not a do-it-yourselfer, it's probably best to get quotes from home improvement contractors to help you with your remodeling project. Most of the products needed for your project can be found in various retail outlets or home improvement stores. However, you can likely save the most money by buying discount home remodeling products direct from the manufacturer.

Remember, not only will remodeling your home make it more livable and enjoyable for you, but any renovations you make to your home will increase its sale price...and maybe save you money come tax time too.

Sometimes it's tough to sort out all the details related to this subject, but I'm positive you'll have no trouble making sense of the information presented above.

Home Remodeling Loan

The following article covers a topic that has recently moved to center stage--at least it seems that way. If you've been thinking you need to know more about it, here's your opportunity.

Sometimes the most important aspects of a subject are not immediately obvious. Keep reading to get the complete picture.

Remodeling cost has no real margin; they are dependent on several factors. Though siding replacement could cost as much as $6,946, it would be silly to assume that such amount could culminate the cost of say, a small bathroom remodeling. A bathroom remodel is likely at $9,861 mid range but then at upscale bathroom remodeling, cost could get as high as $25,273. That makes home remodeling costs somewhat difficult to project, yet with statistical data like Remodeling Magazine's Annual Cost vs. Value Report, projected remodeling costs can be easier to estimate.

Still, that makes home remodeling cost way above the normal American's wallet. And even if a ready sum is already available that should cover the entire remodeling expense, it is often wiser to still facilitate the expense with a loan and use the available cash as a cover up to those expenses that haven't been anticipated along the way.

So, where should your home remodeling loan come from? There are a lot of possibilities. Credit card provides the most hassle free possibility, though for remodeling expenses that are projected several thousands of dollars, a credit card is hardly the best choice due to its high interest rate. The only consolation credit cards usage offers is the absence of paperwork and legal documentation.

The better option to credit cards is home equity loan. In fact, home equity loans are more laudable than credit cards in every aspect as long as the borrower have no qualms of going through several paperwork like documentation, appraisals, and origination fees and a good deal of identification. Still the rewards are substantially better: long term pay, discernibly low interest rates, huge payoff, a lump sum (if applied), and the best of all, tax deductible. In fact, some home equity home loan arrangements that are designed specifically to home remodeling loan purposes. So for smaller items that costs lesser than a thousand dollars, such as urgent material request, or special material purchase, or even worker salaries, credit cards may be the best option. But for the bulk of the project (as home remodeling cost would naturally exceed several thousands), the home equity loan should be its best offset.

There are two types of home equity loan, the HELOC (Home Equity Line of Credit) and the lump sum loan. Both are optimal for remodeling use. Lump sum is the percentage equivalent of the home's value while HELOC is a credit line the percentage equivalent of the home's value. For major home remodeling loans that includes several rooms and areas (and with overall cost reaching a hundred dollars) the lump sum home equity loan should be applied, otherwise HELOC should be used.


Sometimes it's tough to sort out all the details related to this subject, but I'm positive you'll have no trouble making sense of the information presented above.

 
home remodeling | Copyright © 2012: