Home improvement is a great way to improve the resale value of your home. It is an investment that will not only increase your home’s value but also add to your quality of life. When considering a home improvement project, it is important to know what you are getting into. There are many things you need to consider before hiring a contractor.
Before you hire a contractor, you will need to check his or her credentials. For example, does he or she hold a license? Does he or she have a good record with the Better Business Bureau? Lastly, you will want to find out how long they have been in business.
One of the easiest ways to determine if a company is trustworthy is to ask friends or family members for references. Another way to do this is to contact your local building codes office. If the work will require a permit, this will help you weed out unscrupulous contractors.
You may also be able to use your credit card to pay for your home improvements. Some offer introductory 0% APR periods of up to 12 months, meaning you won’t have to pay interest on the loan during that time. However, the interest rate on these loans can be higher than on a standard personal loan.
Many people choose to do some of their own remodeling or renovation projects. In fact, a recent survey found that 57 percent of homeowners plan to do their own remodeling project in the next year.
If you plan to do most of the work yourself, you will have to ensure you make a list of the projects you need to complete. This will help you compare prices and timelines from several contractors. Depending on the size of your home, you may wish to take advantage of a home equity loan. Although the loan is secured by your home, the lender will require you to have 20% of the home’s value in the bank.
When it comes to home improvement, the best way to decide whether you should make the investment is to determine your return on investment. Whether you are looking to increase the resale value of your house, or simply give your current home a facelift, you should make sure you are doing a project that will pay for itself.
If you’re unsure about a project, consult a certified contractor. The construction industry is a booming business. Fortunately, most states have laws and regulations that will help you protect your investments.
Choosing the right color for your walls can also have an impact on the resale value of your property. If your home has outdated, drab paint, you may want to replace it with something more modern. Painting your home can be a cost-effective way to upgrade your living space.
Taking care of your home can be a comforting investment during rough economic times. But, before you start a project, you should take some time to research the right products and services for your home.