The project also included an addition to the existing bedroom, bathroom and laundry area. The garage floor was elevated to the same level of the main floor. This allowed for the relocation of electrical and plumbing conduits without affecting the main floor. The new interior was completed with hardwood floors that were in keeping with the foyer. Other tasks included framing the room, drywall, windows and installing plumbing fixtures. The results were a stunning new space for a busy Miami family.
FAQ
Are permits necessary to renovate my property?
Yes. You will need permits to start any home renovation project. A building permit and plumbing permit are required in most cases. A zoning license may also be needed depending on the type or construction you are doing.
How many times should my furnace filter need to be changed?
It all depends on how frequently your family uses your home heating system. It is worth changing your filter more often if you intend to spend a lot of time outside during winter months. However, if you rarely go out of the house, you may be able to wait longer between changes.
A furnace filter can last about three months. This means that your furnace filters should be changed every three to four months.
You can also check the manufacturer's recommendations for when to change your filter. Some manufacturers recommend replacing your filter after each heating season, while others suggest waiting until there is visible dirt buildup.
What should you consider when buying your next home?
Make sure you have enough cash saved to pay closing costs before buying a new house. You might consider refinancing your mortgage if you don't have enough money.
Do you prefer to do walls or floors first?
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 determine if flooring or wall coverings are best.
You may want to lay flooring before you create an open-plan kitchen/living space. Wall coverings can be used if the intention is to keep this area private.
How can I avoid being taken advantage of when I renovate my house?
The best way to avoid being ripped off is to know what you are paying for. Read the fine print before signing any contract. Don't sign any contracts that aren't complete. Always ask for copies of signed contracts.
Statistics
- 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)
- 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)
- 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)
- Rather, allot 10% to 15% for a contingency fund to pay for unexpected construction issues. (kiplinger.com)
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How To
What should I budget for the restoration of my old home?
The cost of renovating your home depends on how many rooms you want to update, what kind of renovations you plan to do, where you live, and whether you're doing it yourself or hiring professionals. The average cost of renovation ranges from $10,000 to $50,000, depending on the size and scope of the project.
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. You could lose money if the home is not maintained in a good condition before selling. However, investing enough energy and time into improving the appearance of your home can help increase the value you get for it when you list it.
Consider these factors to help you decide which project to tackle first.
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Your budget. Start small if budget is tight. One room can be tackled at a time such as painting walls or changing flooring. A contractor who specializes is kitchen remodeling can be hired to make significant changes in your home without spending a lot.
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Your priorities. Do you want to improve the overall condition of your home or just fix specific problems? One issue can become a major problem quickly, so it's important to choose a single area. If your roof leaks when it rains, it might be necessary to have it replaced sooner than you think.
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Your timeline. If you're thinking about buying another property soon, you might want to prioritize those projects that won't affect the resale value of your current home. For example, if you're looking to buy a new place next year, you probably wouldn't want to install hardwood floors or replace your bathroom fixtures right away. You might consider waiting until you sell your current home before making these updates.
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Your skills. You might not have the skills to complete a project. If you are unable to carpenter custom cabinets, hiring a cabinet maker may be an option.