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So where do you begin? Here are a few things to consider.
First, determine the motivation behind your remodeling. Is
it to add more space, modernize, improve energy efficiency
or increase your home’s resale value? Perhaps it is all of
the above.
Once you decide what you want to accomplish, prioritize your
project list. Start gathering ideas by looking at magazines
and Web sites. You can even get ideas by watching episodes
of home improvement shows.
Next, determine your budget. Will you hire a professional or
do-it-yourself? Unless you have the proper skills, you may
want to leave the larger projects such as knocking out walls
or major plumbing to professionals. Doing smaller projects
yourself can be more economical as well as rewarding.
If you are on a limited budget, but want to update your
home, there are several improvements you can make without
spending a lot of money.
A fresh coat of paint on the walls or new flooring can give
your home a new look as well as add value. Modernize by
exchanging carpeting for hard surfaces, such as wood,
ceramic or laminate. If you like the look and feel of
carpeting, replace the old pea green shag with a trendier
Berber or plush in a neutral color.
Other small changes that can make a big difference are
installing new light fixtures, cabinet hardware and
doorknobs. In the kitchen, replace appliances with
up-to-date models or add a tile backsplash. You can even
create a spa feel in the bathroom by installing multiple
showerheads.
No matter how big or small your remodeling project, you want
to be careful not to over-improve your home for the
neighborhood, especially if your goal is to increase resale
value.
Make sure that your improvements are in line with similar
homes so that you don’t become the most expensive house on
the block. Take a look at resale properties in your
neighborhood and compare them to newer properties. This
will give you an idea what may be considered a standard or
luxury item. You can work with a real estate professional to
get comparable data and guidance on the type of options and
upgrades that can add resale value to your property.
Also, don’t just concentrate on one room. Why have an
upscale master suite or kitchen when the remainder of the
home still has the ‘80s look? A home’s ambience should be
seamless throughout. A mismatched home can decrease the
home’s value.
And last, although your home is an investment, it’s
important that you are able to enjoy it. Whatever remodeling
projects you undertake, make sure the final results make it
a house you are proud to call home.
Corey Williamson can be
reached at (406) 544-9467. Prudential Missoula Properties is
an independently owned and operated member of Prudential
Real Estate Affiliates, Inc., a Prudential Financial
company. Equal Housing Opportunity.

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