Increase Home Value Through Smart Renovation

livingroom2The 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.

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Some Home Fix-Up Tasks Are Worth Skipping; Real-Estate Agents Say Big Upgrades Don’t Give Paybacks

December 24, 2008 by · Comments Off on Some Home Fix-Up Tasks Are Worth Skipping; Real-Estate Agents Say Big Upgrades Don’t Give Paybacks
Filed under: Bathroom Remodeling, General Renoations, Smart Renovations 

If your New Year’s resolution is to sell your home, it’s probably time to start thinking about how to make that home stand out from the rest.

But before planning any projects, beware: Homeowners aren’t recouping as many improvement costs as they could in recent years, according to a recent study by Remodeling magazine. In fact, real- estate agents advise clients not to overdo it, regardless of what the local market conditions are like.

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Renovate for Maximum Profit Using Value Engineering

picture_241This 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.

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Finish Basement or Build New Addition

basement renovationWhen 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.
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