Viewing posts tagged home remodel budget
If you have ever been through a renovation you are probably familiar with some of the frustrations that come with the territory. If you have not been through a renovation I'm sure you have heard stories from friends or family concerning their remodels. Renovations can be stressful on individuals and relationships. Planning and communication can help eliminate some of the stress. Mike Holmes article "You’ll get renovation stress, but here’s how to mitigate it" points out that researching and educating yourself on everything there is to know about the renovation will help mitigate some of the stress.
Whether you just bought your first home or have lived there 20 years there will always be projects you are looking to complete on your home. Dreaming of a beautiful patio, new kitchen, finished basement or new landscaping all require prep to take from dream to done. If you are planning major remodels or minor renovations you need to figure out what materials will be used and how much they will cost. Building a solid plan is often overlooked, which is why over 60% of renovations go over budget. In fact, only around 3% of renovations are completed at or below budget. Here are a few tips on building a plan to complete that remodel at or below budget.
Every year millions of people buy or sell homes in the US. It’s a rite of passage to purchase a home. Whether you are moving from an apartment, your parent’s basement or an existing home there is one important thing the tax man wants to know when you sell your home, what is the tax basis value of your home? Why should you care about this if you are buying a home? That’s easy, when it comes time to sell your home you can minimize the tax basis and pocket more of your own money.