This project involved the addition of a bedroom and a bathroom. The garage floor was elevated to the same level of the main floor. This allowed plumbing and electrical conduits to be relocated without disrupting the main floor. The interior of the new room was finished with hardwood floors that matched the foyer. Other tasks included framing, windows, drywall, and plumbing fixtures. The results were a stunning new space for a busy Miami family.
FAQ
How should home renovations take place?
When renovating your home, the first thing to do is decide where everything should go. If you are looking to sell your property soon, you need to plan how you will present your home to buyers. Next, think about how you want your living space, including the kitchen, bathroom and living room. Once you have chosen the rooms you want to remodel, you can start looking for contractors who can help you. Once you have hired a contractor you can begin work on your renovation project.
What is the cost of renovating a house?
Renovations typically cost anywhere from $5,000 to $50,000. Most homeowners spend between $10,000-$20,000 on renovations.
What should I do before renovating a home?
You must first clear out the clutter outside and inside your home. Next, remove moldy spots, replace damaged walls, fix leaky pipes, and paint the whole interior. Next, clean the exterior surfaces and paint.
Is it better to hire a general contractor or a subcontractor?
Hiring a general contractor is usually more expensive than hiring a subcontractor. General contractors have many employees so often charge their clients a high amount for labor costs. A subcontractor hires only one employee so they charge less per an hour.
How do I select a competent contractor?
Ask family and friends to recommend contractors. Also, look at online reviews. It is important to confirm that the contractor that you choose has worked in the same area as you. Request references and make sure to verify them.
How important do you need to be preapproved for a mortgage loan?
Pre-approval for a mortgage loan is essential. It will give you an estimate of the amount you will need. It can also help you determine your eligibility for a particular loan program.
Statistics
- They'll usually lend up to 90% of your home's "as-completed" value, but no more than $424,100 in most locales or $636,150 in high-cost areas. (kiplinger.com)
- A final payment of, say, 5% to 10% will be due when the space is livable and usable (your contract probably will say "substantial completion"). (kiplinger.com)
- On jumbo loans of more than $636,150, you'll be able to borrow up to 80% of the home's completed value. (kiplinger.com)
- Most lenders will lend you up to 75% or 80% of the appraised value of your home, but some will go higher. (kiplinger.com)
- ‘The potential added value of a loft conversion, which could create an extra bedroom and ensuite, could be as much as 20 per cent and 15 per cent for a garage conversion.' (realhomes.com)
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How To
How much money do I need to spend on my old house's restoration?
Cost of renovating your house will depend on the number of rooms you want to upgrade, what type of renovations are planned, where you live, as well as whether you hire professional help. Depending upon the size of the renovation, the average cost ranges between $10,000 and $50,000.
You'll probably get less than the market value of your home if you don’t include the cost of repairs, upgrades and other improvements. It is possible to lose money if your home looks shabby before you sell. You can increase the sale price of your home if you spend enough time and effort to improve its appearance.
To help you decide which projects to undertake first, consider these factors:
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Your budget. If you have a limited budget, start small. For example, you can tackle one room at a time, such as painting walls or replacing flooring. You can also hire a contractor that specializes in kitchen remodels to make major changes without spending too much money.
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Your priorities. You decide what you are going to do with your home. Even if you focus on one issue, it is important to remember that even minor problems can quickly grow. For example, if your roof leaks after it rains you may have to replace it sooner than expected.
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Your timeline. Consider your timeline. You wouldn't, for instance, want to put hardwood floors in your new house or change the bathroom fixtures if you plan to move next year. For these types of updates, you may wait until your house is sold to make the necessary changes.
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Your skills. If you lack certain skills needed to perform a given project, find someone else to handle them. For example, if your carpentry skills aren't strong enough to build custom cabinets, you might be able to hire a cabinet maker to do the job.