A well-designed outdoor space can dramatically increase the value of your house. Studies have shown that a patio can add up to 20% to the selling price. A well-designed and designed patio will attract more people to your house for viewings. It can also increase the number of offers. If you are thinking of selling your home, having a nice patio is a great way to keep the peace of mind while you wait for offers. You can read our article on how to make your patio an attractive selling point.
Before you begin to build a patio consider the cost for the materials and the installation cost. This will help to determine the return on your investment. Ask for estimates from several contractors prior to making the decision to purchase a patio. Before you hire a contractor to do the job, find out how much you are able and comfortable spending. For a patio, you might consider building a wooden deck. The prices for each will be different. But, there are some commonalities between these two types.
A patio is a great option to increase the living space of your property when you plan to sell it. Some studies suggest that patios add up to fifty percent of the final selling price of a home. The exact number depends on the size of your yard and the conditions of the patio. You should build a patio five to 10 years before you sell your house. You will be able to use the space for many years. You can also download our eBook to learn more about the impact a new patio has on your home's value.
If you are selling your house, adding a patio to it will increase your return-on-investment (ROI). A patio constructed well can make it worth up to 80% more than its initial cost. If the patio is constructed well, it will have a higher ROI than a kitchen remodeling project. It's important to note that a patio is less complicated and more expensive than remodeling a kitchen, bathroom, or other rooms.
When you sell a home, your return on investment in a patio will depend on where it is situated and the materials used. The cheapest option is a wooden deck, but you can spend more on composite decking if you live near a more expensive location. Composite decking can be up to 30% cheaper than wood but it is considered superior in quality.
FAQ
Is there anything I could do to save on my home renovations?
By doing all the work yourself, you can save money. You could, for example, try to reduce the number of people involved in the renovation. You could also try to find ways to reduce the cost of materials used in the renovation process.
How do I select a competent contractor?
Ask family and friends for referrals when looking for a contractor. Also, look at online reviews. Check to make sure the contractor has experience with the type of construction you are looking for. Refer to previous clients and verify their references.
Do I need an architect or builder to help me?
You might find it easier to hire someone to do your home renovations. An architect or builder is a good option if you plan to buy a new house.
Are you better off doing floors or walls?
The best way for any project to get started is to decide what you want. It is crucial to plan how you'll use the space, what people will use it for, and why. This will help determine if flooring or wall coverings are best.
You can choose to put flooring in the first place if you decide to open up your kitchen/living space. You could also consider wall coverings for privacy if this is the space you are looking to create.
How much does it cost to renovate a house?
Renovations usually cost between $5,000 and $50,000. Renovations can cost homeowners anywhere from $10,000 to $20,000
Statistics
- According to the National Association of the Remodeling Industry's 2019 remodeling impact report , realtors estimate that homeowners can recover 59% of the cost of a complete kitchen renovation if they sell their home. (bhg.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)
- Rather, allot 10% to 15% for a contingency fund to pay for unexpected construction issues. (kiplinger.com)
- It is advisable, however, to have a contingency of 10–20 per cent to allow for the unexpected expenses that can arise when renovating older homes. (realhomes.com)
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How To
Do you want to renovate your interior or exterior first.
Which one should i do first?
There are many factors you need to consider when choosing which project you want to work on. The most common factor is whether the building is old or new. There are many factors to consider if the building is older, such as its roof, condition, windows, doors and flooring. When the building is new, there are many things to consider such as its location, size, number, style, and so forth.
The roof is the most important thing to inspect if the building is older. If the roof looks like it could fall apart any day now, then you might want to get started on the renovation before anything else. If the roof is fine, then you can move onto the next step. Next, inspect the windows. The windows should be inspected for damage or dirt before you do anything else. Next, clean the doors and ensure that they are free of debris. Then, if everything seems okay, you can begin working on the floors. Be sure to ensure that the flooring is stable and strong so that you can walk on it without slipping. Now you can start to add the walls. Check the walls for cracks and damage. If the wall appears to be in good shape, you can continue to the next steps. The ceiling can be finished after the walls have been examined. Check the ceiling and make sure that it is strong enough to hold up whatever weight you decide to put on it. If all is well, then you are ready to move on to the next phase of your renovation.
If the building was newly built, you'd probably start with its exterior. The exterior of the home should be examined first. Is the house well-maintained? Is it free from cracks? Does it look good overall? If the exterior looks bad, it's time to make improvements. It is not a good idea to make your home look unattractive. Next, inspect the foundation. If the foundation looks weak, then you should repair it. Also, inspect your driveway. It should be smooth and flat. If it isn't, then you should probably fix it. Check the sidewalk as well. If it's uneven, then you should probably replace it.
Once you have completed these inspections, you can now move on inside the house. Begin by inspecting the kitchen. Is the kitchen clean and well maintained? You should clean up any mess. Next, inspect the appliances. You should make sure that they are in working order and in good condition. If they aren't, then you should either buy new ones or fix them. The cabinets should be inspected after that. You can paint them if the cabinets are stained or damaged. If they are in good shape, then you can move to the bathroom. Here, check the toilet. If the toilet is leaking, you will need to replace it. If the item is only dirty, you can wash it. Next, inspect all fixtures. Make sure they are clean. You should clean them if they are stained. Finally, make sure to inspect the countertops. If they are chipped or cracked, then you should probably repaint them. If they are smooth and shiny you can use a sealant.
Check the furniture last. Check that nothing is damaged or missing. You should find what is missing if it is not there. It is best to repair any broken items. Once you have checked everything, you can return outside to complete the job.