Whether you’re trying to sell your home or just want to make it look better, there are plenty of things you can do to increase its value. The best thing to do is to research the different options for improving your house and decide what you want to accomplish with your renovations.
1. Choose a Contractor wisely
When you need home improvements done, it’s important to know who to trust. You’ll need to select a contractor who is licensed and insured. It’s also a good idea to get references from friends and neighbors who have had work done by the contractor you’re considering.
2. Make a list and stick to it
One of the best ways to ensure that your home improvement project goes well is to make a detailed plan. This will help you avoid surprises and keep things moving forward smoothly. It’s also a great way to compare prices from various contractors and secure a firm quote for the work you need.
3. Be sure the contract is in writing
The Home Improvement Law requires that all contracts for home improvement work be in writing and signed by both parties before any work begins or money is paid. The contract should include the name, address and MHIC license number of the contractor; the date the work will begin and end; and as many details as possible about the home improvement project.
4. Beware of unlicensed or fraudulent contractors
If you’re not sure about a contractor, ask for references and check them out. You should also check with the state agency that licenses and regulates home improvement contractors in your area. This agency can verify a contractor’s business and insurance.
5. Take your time and be careful when selecting a contractor
Home improvement is an exciting process that can add significant value to your home. However, it is also an expensive one that should be done with care and caution. There are many unscrupulous people out there who might try to scam you out of your hard-earned cash.
6. Be very careful when paying for your home improvement projects
It’s always a bad idea to pay any home improvement contractor in full up front. This can lead to a lot of problems down the road, so it’s best to set a payment schedule and stick with it. This can include a down payment and subsequent payments at intervals throughout the project.
7. Avoid high-end upgrades that could detract from your property’s appeal
If you decide to spend thousands of dollars on a remodeling job, don’t go overboard. Instead, choose renovations that will improve your quality of life the most and attract potential buyers. If you are planning on selling, some of those improvements may even be tax deductible.
8. Know your limitations
Having your home renovated is a big investment, so be sure you have enough budget to cover the costs. It’s a good idea to shop around for the best prices on materials and equipment, and consider financing your home improvement project over time with a home equity loan or line of credit.