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.