Archives for Upgrades and Renos
Planning to Upgrade?
What Home Owners Can Do With a Tax Refund
If you are a homeowner, a tax refund presents opportunities to invest for a profit that aren’t available to renters. Whether you plan to sell, stay or are undecided, there are ways to optimize the financial impact of your refund. The first step is to treat your refund check the same as you treat your paycheck. Avoid the temptation to splurge and give that refund money a purpose. Here are three home owner-only options to grow that refund: But, Are You Withholding Too Much? Most of us enjoy getting a large tax refund every spring. But, a refund
How Important Is Home Staging?
Because the Internet has changed the way we buy and sell homes, most real estate professionals believe home staging is critical to selling success. Almost all home buyers begin their search online meaning sellers need to make a good first impression so potential buyers want to see their home in person. Hence, staging has taken the residential real estate industry by storm and many sellers are hiring professionals to help them make that first impression. National Association of Realtors (NAR) President Chris Polychron says “staging is an excellent tool that can be used to give a home a little extra
7 Deadly Sins of Home Renos
Homeowners who renovate only to boost resale value should aim for a return on investment (ROI) of three dollars for every dollar invested. Resale renos should be neutral in colour and conservative in tone so they appeal to the maximum number of potential buyers. And, cost control always trumps elegance. In fact, some renovations can actually damage your home’s value. These supposed improvements not only add nothing to your bottom line, they may make your home less attractive to potential buyers and bring down its value. Here are seven such expensive mistakes to avoid. Pools A pool
5 Questions to Ask Before Replacing Your Roof
Most of us have little or no experience with re-roofing, so this post by home reno expert Bob Vila is a valuable guide to the questions a homeowner should ask before hiring a roofer. First, ask for an estimate that is comprehensive enough (permits, inspections, materials, labour, contingency) to establish a firm budget. Discuss the proposal in detail with the contractor. Find out what materials are being used and get the specifications in writing. Avoid cheaper, low quality materials, especially the shingles, because sub-standard materials reduce a roof’s life expectancy costing you more over the long term.
Reno Investments Providing the Highest Returns
This detailed Home Inspection Network post provides useful data to anyone who is considering a home renovation. Author Bev Siciliano begins by explaining what many do not realize – we might not fully recoup our investment when the home is sold. For that reason alone, home renovations should be analyzed individually to ensure we get the highest return on investment (ROI). Generally, renovations that provide the best return on resale are superficial upgrades, like painting and decorating, with limited capital outlay and maximum impact. According to the Appraisal Institute of Canada’s latest Home Renovation Survey, renovations with the
The Do’s and Dont’s of Basement Storage
This article from Bob Vila gives eight handy tips to consider when using your basement for storage. The suggestions include taking advantage of vertical space by building up and not out, using open shelves for frequently-used items and built-in cabinets to conceal toys or cleaning supplies, storing off-season gear in sealed bins to protect from moisture and dust, using a pulley-hoist to store heavy or bulky items from the ceiling, protecting tools stored in the open with a coating of machine oil to prevent rust and running a humidifier in the basement to suck moisture from the air and
5 tips for eco-friendly renovations
If you are renovating, you should consider the green strategies suggested in this realestate.com post by Danielle King. For example, add insulation to the roof and external walls and you could save 25% on energy costs. Replace inefficient windows or add window film since up to 40% of your heating can be lost through windows in winter. Energy efficient appliances, LED lighting and solar panels will also contribute savings, while protecting the environment. Implement water collection techniques to use rainwater for toilets and the garden. Include water efficient faucets and showerheads. Add high-flow taps that make baths and
Boost Your Curb Appeal with 4 Doable DIY Projects
Most sellers realize that preparing the interior of their homes for viewing is essential. In this article, Bob Villa explains it is just as important to stage the exterior of your house as it is to prepare the inside rooms when you are selling. For example, a clean, well-maintained yard will signal that you have taken care of the property during your time as owner. Power washing the garage door, driveway and fences will add to that impression. If you are upgrading the paint, determine whether accent painting (shutters, columns, etc.) or a whole-house job is required. And,