Home improvement, when done properly, can add value to your home and help you enjoy it more while you live there. However, many projects are expensive and you’ll want to carefully evaluate your options for paying for them. It’s a good idea to save up enough cash to pay for the project, but there are also a variety of financing options available to meet your needs.
Whole house renovations and costly kitchen or bathroom additions can increase your home’s resale value, but there are many do-it-yourself projects that will improve your home without breaking the bank or ransacking your savings account. For example, re-grouting tile or adding a fresh coat of paint can make a big difference for very little money.
If you do hire a contractor, get multiple estimates before making your final decision. In addition to price, consider the contractor’s reputation, experience and length of time in business. Also, in New York State, contractors must be licensed to perform home improvement work.
Depending on the condition of your home, you may have to make upgrades sooner rather than later. A roof leak, a crack in the foundation or an electrical problem are major repairs that should be taken care of immediately to prevent damage and safety hazards. Also, certain upgrades are required by local zoning regulations or to comply with insurance requirements. A building inspector can tell you what repairs are necessary to keep your home in compliance with building codes and laws.