Monthly Archives: September 2016

House Move or Home Improvement?

There are lots of problems with home improvements: they’re a lot of trouble to arrange, they can be expensive, they often decrease the value of your home or at least don’t make back what they cost, and you have to put up with weeks or even months of noisy, dirty building work being done on your home.

Also, houses were usually planned the way they were because of space restrictions, especially in larger towns: if you just go around building extensions in unusual places, the look and layout of your home can both be compromised. Is it really worth converting a garage into a bedroom? No, it isn’t – the garage is much more valuable, often adding as much as 10% to the value of a property.

Another thing you might not have considered is that if you improve your house too much, no-one who wants to live in your area will be able to consider it. In general, expensive houses are in expensive areas for a reason – there are plenty of people who want to buy a cheap house in an expensive area, but very few who want to buy an expensive house in a cheap one.

Given all this, there is an alternative that you might not have considered: why not just move? Many people extend their homes to avoid the costs and troubles of moving, but when you compare them to the costs of extending, moving actually often comes out ahead – especially if you move to a larger house that is just down the road.

While you won’t get your extension designed exactly to your specifications, moving works out much cheaper in the long run, as other people’s ‘used’ extensions will be cheaper than your new one, and rooms that were built with the house will be cheaper still. Who knows, you might even find something you like even better than your own plans.

Home Improvements Going to Cost

The total price of a home improvement project is going to increase very soon. The market is coming out from the recession time-period. The price was very low when the market was facing this recession period. Builders and contractors have also suffered heavy losses during that time. Now they would surely like to cover their losses. The spending capacity of an individual is going to increase due to the end of recession. It will increase the price of labour as well as the required materials for home improvement.

The materials required for a home improvement project includes almost everything which we use in our house. It includes steel related materials, hardware, sanitary items and various other things. RICS’ Building Cost Information Service (BICS) says that the cost of transport is increasing day by day. It is also affecting the price of raw materials. Market is also facing the deficiency of tradesmen. The overall consequences are the increase in the home improvement cost.

The international price of oil is increasing with fast rate. It has been already been cleared by the analysts that price of oil is going to cross more than $200 per barrels within few years which will further increase the transportation cost. The international requirement of raw materials is increasing continuously. The upcoming international giants like India and China are unstoppable. Their growth rate is tremendous due to which their requirement for raw materials is very high. BICS have clearly showed the trend of price rise through various examples. Let us take an example given by BICS. A person wants to change roof tiles. The previous price of roof tile was 220 pounds and the current price is around 280 pounds. It shows a tremendous increase of 17%. Real estate experts of China are saying that the rise in price list is not for profit however it has become necessary to maintain the running costs. This makes the situation very poor for the people.

You can also see the results of SCA Hygiene Australasia. They are the producer of Sorbent, Tork and they are also one of the leading manufacturers of hygiene products. Their reports clearly say that they were reluctant to increase the prices. They left with no options but to increase the price. They have mentioned that the current market environment is very sturdy and they are not getting the good quality raw materials at economical rates. It is increasing their total input costs. Therefore they have to increase the price to maintain their expenses. The price increase is not for profit but to maintain the current level. The price of wood is also increasing. The wholesale price of lumber is at historical highs. The demand is rising however the woods are not available at the same rates. Therefore it is becoming tough for an individual to purchase all the related materials.

Home Improvement Projects Under $500

We all know home improvement projects typically aren’t cheap. In fact, many large-scale home improvement projects can run well into six figures. We won’t be talking about any of those today, however. Instead, we’re going to show you our “top five under five” (hundred, that is) list.

1)    Throw on a fresh coat of paint. Face it, that boring beige color you’ve been tolerating in your living room is ready for a fresh color. So what are you waiting for? Grab a brush, put the kids to work, and refresh the area. Finish by hanging a new piece of art or photograph.

2)    Clean your duct system. For somewhere between $150 to $500 (on average), you can get this knocked out for you. And this little effort has big impact! Your heating appliance will run more efficiently (saving you money), and you will realize a noticeable boost in your home’s air quality. If you have allergies or respiratory problems, this is an inexpensive project to make top priority!

3)    Clean your carpets. Most folks wait way too long to get their carpets professionally cleaned. Stains, pet dander, and allergens will eventually get to you. Don’t wait until it’s too late! Once a year (that’s right, mark your calendar now), have those carpets cleaned. If you or a loved one suffers from allergies, you will be thankful you get this done each and every year without fail. Your carpets will last much longer and look better, too. For about 20 cents per square foot, this improvement will most likely run you less than $500.

4)    Install an outdoor fire pit in your yard. Hey, it’s getting colder outside, so this is an excellent idea. This project will cost you some good sweat equity, but it will be well worth it for years to come. Stay warm and eat s’mores!

5)    Hire a carpenter or handyman! Dare we say that? Of course we do! Many projects you need (or want) done around your house can be done for $500 or less. Drywall repairs, Door and window repair, gutter cleaning, storm window installation, and leaky faucet repair are just a few inexpensive projects. Remember that you will likely have to pay a fee just to get the contractor to your home, so have them come out and take care of multiple projects for you at once.

Home Improvements in This Economy?

If you have been sitting on the fence wondering if you should even bother doing some home improvements on your home during this recession, then all you need to do is ask yourself why you want to do the home improvements to start with and you should be able to come up with your own answer.

There are a few considerations to take into account before beginning your project. If you only want to improve your home to increase its value, then at this time you should factor in the cost and try to determine if the expense of the project will actually raise the value by more than your expense. Chances are pretty good at this time that anything that requires any large expense on your part would not be a valuable addition… at least not at this time.

However, if you intend to live in your home for the next ten to twenty years or so, then it may very well be a good investment. For one thing, labor costs in the construction trade are at an all time low. You could probably hire someone local from one of those online classified websites for really cheap right now. Unfortunately, there are many construction workers struggling to find any sort of odd jobs right now. It becomes a win-win situation if you can get your project done for a good price, and you can feel good about yourself knowing you helped someone out during a rough patch as well.

There are quite a few home improvement projects you could do to increase the value of your home, and make for a more pleasant living environment for you and your family as well. A simple coat of paint on the walls of a few rooms really goes a long way in improving the appearance of your home. A splash of color on the walls can set the tone for your day, so choose a color you like and is appropriate for what you are trying to accomplish.

If you are doing it just for yourself, then by all means you should choose whatever colors you like. If you are painting to try and improve your house for resale purposes, then you need to choose neutral colors that appeal to the most people. That way when potential buyers view your home the majority of them feel comfortable walking in. You do not want to go painting a wall purple if you are trying to sell your house. A nice tan would be a much better choice if you want to appeal to the masses.

Small investments in home improvements at this time should be done to make your own life better, and if you are trying to sell right now, then keep your budget as small as possible. There are too many really nice homes on the market for a great price, and it is unlikely you will be able to offset your costs, so just be smart about your investment in both time and money and you will be fine.