Thomas Murphy - Pine Shores Real Estate

Posted by Thomas Murphy on 10/16/2016

If you are considering a home improvement project, you know it can be both fun and frightening, especially if this is the first time you have tackled a home improvement project of this magnitude. Do The Research Whether its building a bookcase, installing a fence, or remodeling the bathroom, go online and look for plans and instructions of how someone else has tackled a similar project. You will likely still go with your own design, but a review of similar challenges will provide you with a pretty clear idea of the materials, labor, cost, tools and equipment, and time required for the task. Examine Your Motivation Are you planning repairs or improvements to ready the property for sale? If so, talk to your realtor first to determine if the project you are considering will enhance the value of the property or make it more attractive to potential home buyers. Your realtor can give you a realistic opinion on whether or not you will re-coop the cost of the project in a sale. If you are planning to live in the home for years, consider if the improvements you are planning are compatible with “aging in place”? As an example, if you are considering a major kitchen or bathroom remodel, it may be wise to incorporate features for family members who may in the future have limited mobility. If you are tearing out the old bathroom fixtures, replace with a tub, shower, toilet/bidet positioned to allow accessibility for a walker or wheelchair to turn about. Aging in place features do not have to give your home an institutional appearance. Todays futuristic designs, smart home technology, and innovative products allow you to creatively design a stylish and contemporary bathroom or kitchen while integrating safety and convenience. Set A Budget Swept away by enthusiasm for the project, it is easy to spend more that you planned for a specific home improvement project. Before you purchase materials, it is a wise idea to determine how much you can afford to spend. It is difficult to sit back and enjoy your new media room or “man cave” if your mind is stuck on worrying about how you will be able to pay for it. Once you have determined the amount you will allocate to home improvement, shop around. Visit home and garden supply stores, salvage centers, discount lumberyards, home builder’s showrooms, and shop online. Many homeowners are pleasantly surprised to discover how a bit of time spent on comparing prices for materials and products was able to save them a substantial amount of money. Obtain An Estimate From A Professional If your home improvement project involves electric wiring, plumbing, roofing, or anything that involves the structural integrity of the structure, it is wise to obtain an estimate from a professional. Unless you are doing the work yourself for the pure please of the job and the sense of accomplishment of enhancing your home with your two hands, you may find that it is more cost efficient to leave the job in the capable hands of a licensed and bonded home improvement contractor.