Basement Remodeling Reviews Tennessee

Basics of Kitchen Remodeling in Tennessee

If you are thinking of making changes to your kitchen in Tennessee, consider some of the different types of remodeling projects that you can undertake. These range from bathroom remodeling, kitchen remodeling and even basement remodeling, for many homeowners these projects offer much to be excited about.

One of the simplest and most basic project are the bathroom remodeling. Depending on your choice of materials, this project can be an amazing opportunity to add charm and beauty to a room. Bathroom remodeling projects in Tennessee can include items such as new countertops, vanity units, bathrooms, sinks, plumbing and more. This type of remodeling project can also be a very economical way to create a new look for your home.

When thinking of kitchen remodeling, you have a number of choices as far as materials go. The most common types of materials used in kitchen remodeling projects include granite countertops, granite backsplashes, stone-based appliances, glass tops, marble backsplashes, metal kitchen appliances, concrete countertops, marble backsplashes, quartz countertops, stone-based flooring, and more. All of these materials can create a stunning look that will be sure to please you and your family.

For basement remodeling projects in Tennessee, you may choose to go with a dry-walled basement or a wet-walled basement. Both types of basements can create beautiful, modern finishes, and you can also find material like cork, bamboo, pine, cedar, and more to enhance the look.

Many homeowners also use basement remodeling to add a new use to their kitchen, usually by installing a breakfast nook. This is an area that is specially designed to give you a place to eat while you are preparing meals or preparing to eat. Many homes are also converting these rooms into new children’s play areas or even music rooms.

Basement Remodeling Reviews

While basement remodeling offers many different options for both homeowners and contractors, you need to keep in mind the safety issues when it comes to working in or around the basement. As with any other remodeling project, basement remodeling requires some basic precautions and equipment to ensure that you get the best results.

For instance, if you want to use a contractor in Tennessee to carry out your basement remodeling project, you need to check out his or her licensing. You should also make sure that the contractor who will be doing your basement remodeling has enough experience and knows how to do things safely.

Basement Remodeling Estimates

In general, homeowners can enjoy all of the rewards of a project like basement remodeling by using only a do-it-yourself approach. However, if you want to add a touch of class and beauty to your home, then you should consult a contractor to do the work and will most likely pay a little more for the project.

Affordable Remodeling Contractor

Remodeling Cost

What is remodeling?

Remodeling is updating or altering the appearance and functional utility of a building. Home remodeling is big business. It accounts for about 40% of all residential construction spending and about 2% of the U.S. economy.

So to answer the question "Is it worthwhile to remodel my house?"
Probably; however, there are many factors to consider.

Why Remodel?

First you need to determine what's your motivation? Why do you want to remodel? Are you remodeling for your self and your families enjoyment or to increase your appraised value?

Second do not expect a full recovery of your remodeling investment. Some estimates are as low as 40 cents on the dollar. Others, depending on what you remodel may recover more than 80%.

When to Remodel?

Other factors that will impact the return on your investment:
1. What sort of economic times are you experiencing? Are you in an up or down market?
2. How long do you tend to stay in the home? The longer the better for a good return on your investment.
3. How's the housing market in your area? Are you competing against a lot of new tract homes?
4. How will the remodel will impact your appraised value? Find out before you invest your money.
5. How strong is the resale market? Ask a local Realtor for comparable sales for your area.
6. How soon do you plan on selling?
7. Do you plan to sell with full MLS service, FSBO, or Flat Fee MLS?

Who should remodel?

Ask yourself who will do the remodel? How good are you at remodeling? If you're not really handy, maybe find a friend and barter or trade services. Are you going to do the work or hire the project out?

If you are considering remodeling, get three bids from local firms. Ask brokers, lenders, and appraisers if the cost of the remodel warrants completion. The percentage of return on the investment for remodeling will change over time and vary from area to area. Ask the professionals.

Weigh carefully the expense of remodeling based on the return. Do only those projects which will bring you a significantly higher sales price or greater family pleasure. Improvements and upgrades cause anguish for most sellers, because a seller wants to recover the full dollar value of the improvements. The industry standard suggests you will get back about 40 cents on every dollar. Don't expect to recover the full amount.

For Example, if you put in improvements totaling $10,000, you should expect a net return of approximately $4,000. As a seller, you must remember that you put in that nice brick walkway because you wanted it, not for its resale value.

What should you remodel?

Average 2007 cost vs. a value report - average ROI

Deck - 85.4%
A major kitchen remodel - 78.3%
A bathroom remodel - 78.3%

Kitchen and Bath remodels are always safe to consider for good dollar return on your investment.

Know this answer; are you adding something to the home that will bring you and your family pleasure and enjoyment or are you adding something to add value? Two very different considerations.

Areas of remodel that will bring you only marginal return on your investment are:
1. Home office
2. Sunroom additions
3. Family room additions
4. Master suite additions

Regional differences are also a consideration.

In the West Kitchens and baths are big.
East coast and North leans more to siding, dual pane window and energy types of remodeling.
The South is big on family rooms, sidings, kitchens and replacements.
And the Mid West leans toward kitchens, baths and decks.

Summary

Overall the two normally safe areas to consider upgrading and remodeling for the greatest return on your investment, are bathrooms and kitchens.

You need to answer these questions before you begin:
1. Why are you remodeling?
2. Who will do the remodeling?
3. What are you going to remodel?
4. How long do you plan to stay in the home?
5. How will you pay for the remodel?
6. What return on your investment are you expecting?

If you answer these questions and plan your project, you can probably recoup between 40 and 80 percent of your remodeling costs.

Emergency Basement Remodeling

How to Choose Remodelers

Many people take advantage of home remodeling to increase their home value. They often sell their property quicker and at a higher price thanks to their home remodeling achievements. Many times you can earn $2-3 on every $1 you spend. That means remodeling your home can actually earn you money.

The problem is most people aren't sure where to start with their home remodeling project. The two most popular areas to increase home value via remodeling are:

  • Kitchen Remodeling
  • Bathroom Remodeling

 

The wonderful thing about these two areas of home remodeling is they aren't very large in nature. Unlike opening a den where you need to remove walls, a bathroom remodeling or kitchen remodeling project is done on a smaller scale. As a result, you don't have to spend nearly as much money on your home remodeling project to make your house look fresh and new.

But let's discuss some specific projects that will increase your home value in these two particular areas.

Kitchen Remodeling

If you're considering remodeling your kitchen, a good place to start is with the cabinets. That's because they're one of the first focal points you notice when entering any kitchen. A fresh coat of paint on any exposed walls also helps. Not only will the room smell fresher, it will look new as well. Other items on your to-do list can include:

  • New Appliances
  • Stainless Steel Sinks
  • New Counter Tops
  • New Tiles or Backsplashes
  • Hardwood or Laminate Flooring

 

Kitchen remodeling can also include new furniture such as breakfast nook tables and chairs, island carts, or barstools. You don't need to spend a small fortune on your kitchen remodeling project. It just needs to appear visually appealing to potential buyers.

Remember, the newer your home appears, the sooner you'll sell it at a price you want. Remodeling your kitchen is a cost-effective way of doing just that.

Bathroom Remodeling

Much like kitchen remodeling, bathroom remodeling also increases your home value. Better yet, the bathroom is even smaller in size than the kitchen...at least in most homes. So if you've considered remodeling your bathroom to earn more on a home sale, don't forget the following areas to update:

  • Cabinets
  • Counter Tops and Vanities
  • Sinks
  • Flooring and Tile
  • Tubs and Showers

Home Remodeling Cuts Taxes

 

Another fact that many people don't realize is there can be an additional benefit to home remodeling when tax time comes. Here's how it works:

When you earn money on the sale of a home, you're charged a capital gains tax. What that means is any money you make over the value of a home can be taxed. However, according to the IRS's Publication 523, Selling Your Home, you can declare certain improvements you made to a home, like kitchen remodeling or bathroom remodeling. This can also include items such as:

  • Additions such as bedrooms, bathrooms, decks, garages, porches or patios.
  • New plumbing or wiring.
  • Any new heating and/or air conditioning units.
  • Interior upgrades such as built-in appliances and wall-to-wall carpeting.
  • Exterior upgrades like paving the driveway.

 

Any tax-acceptable improvements are those that add value to your home and prolong your home's useful life according to the IRS, not you. So check with your accountant who knows IRS tax law to make sure any home remodeling you do will be covered. In addition, be sure you save receipts so you have proof of cost.

Where To Look For Kitchen and Bathroom Remodeling Products and Services

If you're not a do-it-yourselfer, it's probably best to get quotes from home improvement contractors to help you with your remodeling project. Most of the products needed for your project can be found in various retail outlets or home improvement stores. However, you can likely save the most money by buying discount home remodeling products direct from the manufacturer.

Remember, not only will remodeling your home make it more livable and enjoyable for you, but any renovations you make to your home will increase its sale price...and maybe save you money come tax time too.

 

Custom Remodeling Contractor


Basement Remodeling Reviews Tennessee

Basement Remodeling Reviews Tennessee