The project also included an addition to the existing bedroom, bathroom and laundry area. The project began by raising the garage floor to the same level as the existing main floor. This allowed the plumbing and electrical conduits to move without disturbing 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
Is it better for a contractor to hire or a subcontractor to do the job?
Hiring a general contract is typically more costly than hiring subcontractors. General contractors usually have many employees. This means that they charge their clients much more for labor. A subcontractor on the other side only employs one person, so he/she charges less per-hour.
How important it is to be pre-approved for loans?
Pre-approval is crucial for getting a mortgage. It gives you an idea how much money it will cost. This will help you decide if you are eligible for a loan program.
How do I sell my house quickly without paying realtor fees?
Start searching for buyers immediately if you're looking to sell your house fast. This means that you should accept any offer from the buyer. Waiting too long can lead to losing out on buyers.
What should I think about when buying a house?
Make sure you have enough cash saved to pay closing costs before buying a new house. You may want to refinance your mortgage if there isn't enough cash.
What should I do first in a house renovation?
You must first clear out the clutter outside and inside your home. Next, you need to remove any moldy areas, replace damaged walls, repair leaky pipes, and repaint the entire interior. Finally, you will need to wash the exterior surfaces clean and paint.
How many times should I change my furnace filter?
It all depends on how frequently your family uses your home heating system. Consider changing your filter frequently if your family plans to leave the house during cold weather months. If you're not often out of your home, however, you may be more able to wait for the filter to change.
A typical furnace filter lasts approximately three months. This means you should change your furnace filters once every three months.
You can also check the manufacturer's recommendations for when to change your filter. Some manufacturers recommend that you replace your filter after every heating season. Others suggest waiting until there are visible dirt deposits.
Are you better off doing floors or walls?
The best way to start any project is by deciding on what you want to achieve. It is important that you think about how and who you want to use the space. This will help to decide whether flooring or wall coverings is best for you.
You may want to lay flooring before you create an open-plan kitchen/living space. You could also consider wall coverings for privacy if this is the space you are looking to create.
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)
- Design-builders may ask for a down payment of up to 25% or 33% of the job cost, says the NARI. (kiplinger.com)
- The average fixed rate for a home-equity loan was recently 5.27%, and the average variable rate for a HELOC was 5.49%, according to Bankrate.com. (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)
- Most lenders will lend you up to 75% or 80% of the appraised value of your home, but some will go higher. (kiplinger.com)
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How To
What amount should I spend to restore my old house?
The cost to renovate your home will vary depending on how many rooms are being renovated, which type of renovations you do, where you reside, and whether or not you are hiring professionals. The average cost of renovation ranges from $10,000 to $50,000, depending on the size and scope of the project.
If you plan to sell your house after renovations, the value of the home will likely be lower than its market value. This is because you do not take into consideration the costs for repairs, upgrades, or improvements. You could lose money if the home is not maintained in a good condition before selling. On the other hand, if you invest enough time and energy into improving your home's appearance, you could increase the amount you get when you list it for sale.
These factors can help you make a decision about which projects to take on first.
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Your budget. Begin small if your budget is limited. If you have a limited budget, it is possible to tackle one room at time, such painting walls or replacing flooring. Or you can hire a contractor who specializes in kitchen remodeling to make some major changes without spending a lot of cash.
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Your priorities. Do you want to improve the overall condition of your home or just fix specific problems? Even if you focus on one issue, it is important to remember that even minor problems can quickly grow. You might have to replace your roof sooner than you thought if it leaks each time it rains.
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Your timeline. You might prioritize projects that will not affect your home's resale price if you are considering buying another property. 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. Instead, you might wait until you move out of your existing home to make those updates.
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Your skills. If you are unable to do a certain task, get someone else to do it. You might hire a cabinet maker if you don't have the skills to build custom cabinets.