House renovating that you need to do now

Renovating to increase the value of a home has traditionally been a good idea. When the market came crashing down, however, the ROI for house remodels went down substantially. There are places in the country where the market provides more satisfaction, though. SmartMoney has numerous ideas aspiring home remodelers can pursue to get maximum value on their resell. Resource for this article – Home remodeling projects that are worth the money today by MoneyBlogNewz.

Cooking up a tasteful kitchen remodel

Today, kitchen renovating is a $12.6 billion industry. Since the lowest point of the housing bubble collapse in 2009, homeowners have spent an average of $27,300 on kitchen remodels, reports SmartMoney. Harvard University’s Joint Center for Housing Studies showed that the amount spent on remodels is only 8 percent lower than the top of the housing boom, although there are ways around the high prices.

Cabinet manufacturers, eager to sell during the recession, have cut out surcharges to higher quality work and wood. You can conserve 20 to 30 percent if you just ask. Hand-painted tile is still going to cost you a lot though. According to SmartMoney, it is wise to avoid sourcing materials straight from a manufacturer. Saving money is not worth it. The potential for sizing error increases, which could force you to pay more for return shipping and repairs.

Clean up with a bathroom remodel

The return on bathrooms is going to always be there, whether it be a good or bad market. A 53 percent average return is currently there. Prices for high-quality granite have come down by as much as 50 percent since the housing boom years, in part due to increased competition from Asian and Brazilian rock quarries. There has also been a huge decrease in the porcelain sink market, Chinese import activity has brought on it to decrease 50 percent also. Thus, high-end restroom remodeling tasks are not out of the question.

SmartMoney suggests doing a spa shower in a bathroom undertaking. With a shower tower kit, only one water hookup is required to deliver multiple streams of water. Just keep in mind that such kits aren’t adjustable, which could be a problem if individuals of different heights use the shower.

Have a better backyard

You may get more money out of a nicer remodeled backyard as well. Deluxe grills, pizza ovens, refrigerators, warming drawers, wine chillers and cabana roofs have sold well during the recession, claims SmartMoney. Experts say that demand hasn’t changed much price. The installation costs are down 20 percent or more. Homeowners know that landscaping negotiation is easy too.

Instead of a masonry fireplace, try a gas fire pit, which is a “hot tip” at SmartMoney. Typically, the pits are portable. That means you can redecorate however you would like. It costs thousands of dollars less to simply get the gas pits too.

Information from

Oprah

oprah.com/money/How-to-Make-Your-Home-Renovation-Pay

Smart Money

smartmoney.com/spending/for-the-home/3-renovations-worth-the-money-now-1302561618674/

Knowing when renovating your home is worth it

youtube.com/watch?v=zBSeQgJ1ANE