Home Improvement 101
Home improvement is a process in which homeowners perform projects to improve the interior and exterior of their homes. Whether it is a simple makeover, or a more elaborate project, home improvement is a good way to improve your property. You can choose to undertake a project yourself or hire contractors to help you.
There are a number of experts who can offer advice on home improvement projects. Whether you’re planning a major remodeling project or simply a few small ones, expert advice will make your project go more smoothly. They can help you visualize your finished product before you start and help you identify gaps and maintain downspouts. They can also help you use tax refunds towards remodeling costs.
Do-it-yourself projects are great for increasing the resale value of your home while refreshing your living space. While remodeling your kitchen may seem like a big undertaking, you don’t have to spend months on the task if you have a tight budget and some time on your hands. Instead, try simple home improvement projects.
Home improvement projects are stressful, and it’s vital to find a contractor who is licensed and insured. General contractors, for example, are likely to have liability insurance. Accidents on the job site can injure workers and damage homes. In addition, you should be aware of the contract and payment terms, and be sure to discuss them with your contractor.
A variety of loan options are available to finance home improvement projects. Home equity loans are one common type of loan, and they allow up to 85% of the appraised value of the home as collateral. They are not subject to a credit check and often come with little or no closing costs. In addition, these loans can be used for almost any purpose, unlike other loans, which often have certain restrictions regarding how you use the money.
In addition to being a potential source of complaints, contractors may also face penalties for violations of state consumer protection laws. In New York, for instance, homeowners may be able to sue a contractor for negligence. They can recover actual damages, as well as a $500 fine and reasonable attorney’s fees. The attorneys general’s office can also pursue civil penalties and injunctions for violations.
Cost vs. value
Generally, the concept of cost vs. value is a good starting point for evaluating the merits of a home improvement project. You want to ensure that the investment you make will bring you the greatest benefit for the price. However, sometimes the math doesn’t add up. For instance, spending $1000 on a new door handle doesn’t necessarily increase the home’s overall value.