Filed under: General Renoations, Home Renovation, Increase home value, Renovate & profit, Smart Renovations, Value Engineering
The practice of increasing home value through proper renovation techniques has never been more important than it is today. We constantly hear on the news about poor economy and poor real estate market. Homeowners who plan to increase their home value through renovations should be reminded that the margin for error is slim and a small mistake could easily wipe off their profit or worse result in a total loss.
Filed under: General Renoations, Increase home value, Renovate & profit, Smart Renovations, Value Engineering
This document deals with increasing the market value of residential properties, particularly single family homes. The document first introduces the concept of market price and market value and what the difference is between the two. Then, it mentions various approaches used to determine valuation for single family homes. Next the document clarifies the difference between improving market value and improving home image. Finally, the document deals with increasing the property value through smart home renovations and value engineering.
Filed under: Additions & Extensions, Basement, finished basement, Renovate & profit, Smart Renovations
When most home owners think of increasing living space, they forget that there is already space right below their house. If the space is already there, and almost every home has it, then why not use the space and take advantage of what you currently have rather than paying to create one from new.