Home Improvement
Swimming Pools – Add Value to Your Home Property
Albeit swimming pools are used primarily for enjoyment and relaxation, some home owners have them in order to make their properties more valuable. Certainly if you are planning on enhancing your home’s value, then installing a swimming pool is definitely a sure investment.
In ground swimming pools add great value to your homes. While you might need to shell out a lot of money for this type of pool, in ground choices are wide and versatile. You might want a pool with both shallow and deep parts, both for your kids and you respectively. Do not forget to have a diving board on the deep end part of the pool.
If you want a much cheaper type, then you can go for above ground swimming pools. However, you must also provide decks as well as fencing intended for privacy for this pool type. A deck for the pool will certainly add significant value to the property as well. Surely, even with shallow waters, above ground pools can be as enjoyable as well, especially on a hot afternoon.
Generally, it can be said that most people intending to increase the value of their homes will automatically choose the in ground swimming pool. This type of pool is typically large and elaborate to build, and so is very expensive to have one; therefore they add to your home instant financial value.
If you finally decided that it is best to install an in ground pool, you must take into serious consideration the location where it will be installed. Best location for your pool is at the back of your home, preferably with a fence to go around it. Once everything is okay and the pool is ready for use, try having the value of your property assessed. With your pool included in the appraisal, you will surely be happy to know how much higher the price of your house is worth, thanks to your new pool.
By: Ernesto Maitim
How Can Mold Removal Affect My Home’s Value?
As most homeowners know, there’s no end to the number of potential problems that can slow the appreciation of your home’s value. Whether it’s a leaking roof, a fallen tree , or the rendering plant that just opened up next door, homeowners can find themselves at the business end of any number of unpleasant surprises.
Some things (like the rendering plant) you can’t really control (at least, not without a strong influence in local politics). But you can control what happens to your home’s structural integrity and cleanliness. And when toxic black mold strikes, calling a qualified mold removal company is as simple as picking up the phone.
It’s hard to predict the effect toxic black mold will have on your home’s value if you try to sell without cleaning it up – if you’ve had the problem assessed by a certified mold tester, a real estate agent can probably help you come up with a number. Of course, this is only relevant if you discover mold just before you’re about to sell. If you plan on living in the house for another ten years, mold removal is your best option.
No matter what the level of your mold problem, bringing in a mold removal company can go a long way toward solving your problem. When left unchecked, mold can insinuate itself deep into any of the porous surfaces in your home. Both wood and concrete are porous, so the sooner you get a mold removal program going, the better.
Mold can affect your home’s value in a few ways:
Cleanliness and Health. Large amounts of toxic black mold can cause serious health complications in humans, ranging from headaches to severe respiratory problems. A home which has not undergone a complete mold removal process is likely to lose substantial value – nobody wants to buy a house that makes people sick.
Structural Damage. Since mold can infiltrate porous surfaces, it can cause serious damage to the wood and concrete structures in your home. Some of these may have to be replaced; a certified mold removal professional may be able to repair or replace these features once the mold remediation process has been completed.
Other Problems. Black mold doesn’t just come from nowhere, and its presence may be a sign of other problems. Leaking pipes, leaking basement walls, or foundation cracks can create the moist environment black mold needs to thrive. Many mold removal experts are also basement waterproofing experts, or they can recommend contractors who can help with any associated problems.
By: Kevin Ott
Home Renovation – Increase Your Profit Using Value Engineering
The concept of value engineering in renovation has never been more essential than it is today. At the start of 2009 we can still hear all sort of commotion about slow economy and troubles in the real estate market. All this should awaken renovators who are planning to increase the value of their homes, that a small miss-calculation or an over-renovation could easily destroy their profit or worse result in a complete loss.
Let me be clear, slow economy and slow real estate market does not mean that you can not remodel your home to increase its value. What it means is that you need to know what to renovate and how much to renovate in order to turn a good profit. At first sight this may seem simple; however, there is more involved than a simple question from your local renovator. To fully maximize your profit you need to understand value engineering in regard to home renovation.
Simply put value engineering in respect to home renovation is the process by which you analyze to determine what renovations will bring in the most profit for your home. Here we are going to quickly discuss the steps that must be taken to determine how to maximize your profit.
1) The first step in this process is to determine the market value of your home as well as market value of renovated homes similar to your home in your area. This is done to find out whether there is any room to profit. If the price for your un-renovated home is close to the price of a renovated similar home nearby, renovation could be a waste of time and money.
Remember, the key words are “similar homes” and “in your area”. There is no point comparing your home that is built on a 20 x 100 parcel of land to a home built on a 5 acre land as you are not able to stretch the size of your land. Also the comparables that you choose must be near your home, preferably on the same street or just few homes down the road from your home. You can obtain market value of these renovated homes from your local real estate office or from a qualified appraiser.
2) The second step is to determine how much value each renovation adds to your home. This information can be obtained from your local real estate office or a qualified appraiser. Real estate salespersons and appraisers for most part use a process called CMA (comparable market analysis) to determine your home value. In short the appraiser looks at similar properties sold recently near your home.
Using his/her extensive database, the appraiser is able to adjust the price based on the condition of various areas of your home as well as any new additions. For example the database indicates that an additional second bathroom in your area increases home value by $8000, updated kitchen increase value by $6000, Second garage does not impact the value and etc. This is how your local real estate salesperson is able to price out your home.
3) The third step is to determine the cost for each renovation. Make sure to get price estimate from at least three qualified contractors
4) The final step is to analyze your findings in step 2 and step 3 to determine what renovation(s) will yield the most profit.
By: Roberts Anderson
The Single Most Important Way to Build Equity in Your Home
In this current real estate market, equity is tough to find in a house. Prices are lower and so is the value. It’s not a buyers market because people are holding onto the idea that houses are worth last years prices, but unfortunately prices have fell and they are here to stay for some time. The real estate market, like almost everything else is cyclical; simply meaning it will come around in a big circle and be prosperous once again. Just in case you don’t want to wait that long, here is a money saving idea that will add value to your house immediately.
The kitchen is one of the most important rooms of the house. People tend to spend a lot of time there and it is also a gathering/meeting place. It also has a similar affect on potential buyers of a house. First impressions are always important (i.e. Curb appeal) but after that, a realtor will lead the potential buyer to the kitchen as their first room to view. From this room, a buyer usually gets a feel for the house. If it is a large spacious kitchen, the buyer has a feeling of openness or if it is a nice neat kitchen, the buyer feels safe about the house and is comforted. Either way an appealing kitchen will help with the sale of a house.
At this point you might be saying “I am not selling, I just want to add value”. Well the same kitchen theories apply to an appraiser. When you are trying to get equity in a house, the bank will send an appraiser to get a “real value” of your property. One of his/her main focuses is the kitchen and part of this factor is because potential buyers often look to the kitchen as a big part of their decision. So having new kitchen cabinets or a fresh looking kitchen will only help increase the value of your house.
This leads us to the money saving idea for your kitchen. This idea is to upgrade your kitchen cabinets. Upgrading and installing new kitchen cabinets will give your entire room a facelift. You might now be saying that kitchen cabinets are not a money saving idea. Yes they are, if you buy RTA kitchen cabinets. RTA kitchen cabinets are not a brand name; instead they are a style of cabinets. RTA simply stands for “ready to assemble”. It is similar to buying a home stereo shelf or a book case in a box. You have to take it home and assemble it. RTA products are the same idea. The other excellent news about RTA kitchen cabinets is that the quality is as good as regular cabinets and they are about forty percent (40%) less than an assembled cabinet.
Also remember to add a fresh coat of paint to your kitchen. Painting the kitchen adds a new brightness to the room and the job is easily done once you have removed the old kitchen cabinets. So adding cabinets at a discount price (RTA products) and putting on a fresh coat of paint will add value to your house and not cost you a large amount of money. Equity added at minimal cost, is the only way to get ahead in this real estate market and this can be done smartly with a kitchen cabinet upgrade.
By: Jason Delmar
The HTiB Options of the Modern Home Theatre Market
In the movie “The Wedding Singer,” Drew Barrymore’s fiance comes home with his latest purchase, a CD player. He’s very happy with his accomplishment because, being the materialistic kind of guy that he is, he’s proud of thee fact that it cost about $700. Of course, the joke is on him and the entire audience knows it, because the average price of a CD player today is only a couple of hundred dollars. Still, in 1985, the year in which this movie is set, I’m sure that $700 for a CD player was a good deal.
All electronics, from computers to alarm clocks, are prohibitively expensive when the first come on the market, but they become more affordable as time goes on. Home theatre audio systems have been no different. What was once a luxury item that only people like Donald Trump could afford is now something that tens of thousands of Americans have in their homes. The market has been, and continues to be, flooded with new and cheaper audio systems, especially those of the HTiB, or Home Theatre in a Box, variety. But again, as with all electronics, you get what you pay for, and not all of these systems are created equal. When selecting a home theatre audio system, there are several factors that need to be balanced, including quality, price, and size.
If you’re in college, don’t have a lot of disposable income, but simply must have a home theatre audio system, chances are you’re going to end up with a budget-priced HTiB. These systems, which usually feature small satellite speakers and subwoofers, have an inclination toward spotty sound quality and lack sheer oomph. To quote Napster in The Italian Job, a budget-priced HTiB will never be “loud enough to blow women’s clothes off.” But while Napster might disapprove, such systems have their upsides. They are, as mentioned, affordable for the average individual, and they also tend to have the advantages of being compact and comparatively easy to assemble.
Or perhaps you own a downtown loft in a high rise somewhere and you want a theatre audio system that coordinates with such an ambiance. Some HTiB manufactures offer systems that feature style and are overtly sleek in appearance. A home theatre audio system that goes this route will often have very petite satellite speakers, or perhaps “tallboys,” which are very slender but as much as sixty inches tall. The advantage of a style-centric HTiB, in addition to its elegant appearance, will probably include lots of features and simplicity of set up. The disadvantages? Such a system will probably have limited bass output and limited connectivity options.
Some manufactures are now offering component packages, which are built around separate components. These systems, while forfeiting the traditional HTiB advantage of compactness, usually have the benefits of solid build quality and variety of features. However, as mentioned, such a home theatre audio system will probably be fairly large and clunky, which won’t work if you need to fit it into your studio apartment.
Finally, if you want to go cutting-edge, there are wireless HTiB systems that utilize the very latest in audio technology. These are great if you can afford them, since they save space while maintaining high quality. But as mentioned, they can be extremely expensive and in some cases, you’re better off buying separate components.
By: Victor Epand





