Real estate improvements can be as simple as painting the exterior of a house or house painting wellington to protect it from constant wear and tear to completely rebuilding a house almost from the foundation up. There are many reasons why people require real estate improvements – to enhance the worth of the property, to increase the number of rooms, to make it eco-friendly and so on. Real estate improvements can be extremely disruptive especially if the family still plans to continue living in the home.
Sometimes, a young couple may buy a small two bedroom house with a good space to increase the capacity in future. Initially, they may have just one child and the house will be sufficient for their needs. If the family starts to grow, the couple will definitely need to consider expanding the house. Before going in for renovation, they must sit down and consider all the essential aspects of it and what they are going to achieve at the end.
If they need to add more rooms, they will need to take the expert opinion from a civil engineer. He will check whether the structure is strong enough to have more floors being built. If so, he can give an estimate as to how much it will cost and a permit will need to be obtained. All real estate improvements however small are expensive due to high cost of building materials and labor. Yet, the couple could like the neighborhood where they are living especially if it has good schools, is safe for kids to grow in and is close to their place of work.
In such a situation, they naturally wouldn’t want to move out; rather they would prefer to renovate their home for their purposes. If they don’t have sufficient funds to do so, they need to think of how the funds can be raised and how much to pay back. They can borrow from family members, close a savings account or opt for a home refinance. If the couple opts for a home refinance, they will have to make monthly repayments for that they must work out their budget to see if this cost can be added to their current expenses. If so, they can go ahead without any doubts and start their renovations.
Identify a good contractor, who is reliable, efficient, and inexpensive and has a reputation of completing the task in time. Make sure that the contractor will employ known workers. This is especially important if the family plans to continue living in the house during the renovation process. Family members need to feel safe with the workers. Also known workers will be generally trustworthy.
Always make sure that one family member – say wife or daughter – are not left at home alone during the day when the work is going on. Safety of kids also needs to be considered at the worksite. Ensure all pits are covered, sharp instruments not left lying around, and electrical wiring kept locked up where kids cannot access them. If major real estate improvements are taking place, try and confine it to one part of the home and live in the other part. For example, if the kitchen is being renovated, you can eat microwaveable food for a few days or get take-outs.
If you want to go in for real estate improvements to improve the value of your property, consider the following areas:
Bathroom renovations Cairns
These are key areas you have to focus on because buyers will first look at these places to estimate the value.
The potential buyers usually have a first look at the outdoors when they come to survey. So a newly painted exterior with neatly mended fences and a pretty landscaped garden can all add value without costing too much. They also will also look for new appliances in the house as a great boon, especially if it is an old house because the new appliances are always expensive. Bathrooms with new closets, bathtubs and showers will attract a buyer. So, consider the reasons why you are planning on real estate improvements before starting any renovations.