Showing posts with label budget. Show all posts
Showing posts with label budget. Show all posts

Friday, September 19, 2014

Keep Your Budget On Track!


25 Tips to Keep Your Budget on Track

Follow these budget tips for remodeling, decorating, and design ideas to update your space without breaking the bank.








You would never spend thousands of dollars on a car without researching the type of vehicle you need, selecting the features you want, and haggling with the salesperson for a fair price. Nor should you embark on a remodeling or decorating project without doing the same sort of legwork.

Here are 25 tips that are sure to keep your budget on track.

1. Brake for garage sales. One person's junk can be a do-it-yourselfer's treasure. Never pass a garage sale or antiques store without stopping, especially when you're on vacation or passing through a neighborhood other than your own. Keep an eye on neighbors' curbside trash piles for great castoffs.
2. Look for local outlet stores or wholesalers. They can be sources for buying plumbing supplies, kitchen goods, tile or stone, and other specialty items at huge discounts.
3. Utilize the Internet. Auction sites can help you comparison-shop for the best price on used furniture and other goodies, as well as bid on the items of your dreams. Some sites also offer free design advice and Q&A forums that allow you to post a question about a decorating or remodeling dilemma and read others' responses.
4. Scout out unwanted items. Snag overstocked or misordered items for a fraction of retail. Ask builders what they do with leftover materials, such as windows and flooring, or check out www.buildersexpress.com to bid on excess building materials.
5. Seek cheaper alternatives. If your heart is set on granite countertops, opt for tiles instead of a slab. If you plan on painting your new molding, choose urethane over stainable wood. Rather than costly hardwood wainscoting or paneling, search for wallpaper that mimics the look of wood.
6. Don't be afraid to bargain. Appliances with scratches or dents can be had at huge savings. Discontinued items, such as fabric, are often marked down dramatically, as are display models of sinks, faucets, and cabinetry. Offer to purchase them, and you might get a discount. Make sure to ask about the return policy before you buy.

7. Barter for materials or labor. Offer your skills in return for someone else's. For instance, pitch in during your brother's painting project in exchange for his assistance with yours.
8. Stick with standard sizes and models. Custom kitchen cabinets, for example, are very expensive. Save money by choosing stock ones, then attaching molding, corbels, or wood carvings for flair.
9. Seek out free advice. Take advantage of design services—through computer-aided design (CAD) programs or from on-staff professionals—at local boutiques, garden centers, and home improvement stores.
10. Rent or borrow what you don't have. Check with neighbors and friends for miter saws and power drills. Home centers rent heavy-duty tools, such as tile cutters, power washers, and nailers, for a weekend fee (usually about $50).
11. Stay put. When redoing the kitchen or bath, keep the fixtures and appliances where they are and work around them. Not having to move plumbing or gas lines will keep costs down.
12. Refresh, don't replace. Touch up scratches on sinks, tubs, and appliances with spray paints specially formulated for appliances. Or, check the Yellow Pages under "Bathroom Remodeling" for companies that resurface tubs and sinks for less than the cost of new models. You can also cover a dated refrigerator or dishwasher with wood or stainless-steel panels; some companies, such as Frigo Design, stock standard sizes in kits.
13. Refurbish when possible. Update kitchen and bathroom cabinets or a piece of furniture, such as a hutch, by replacing the door panels with glass, fabric, or chicken wire. This option is less expensive than buying new cabinets or new doors.
14. Use expensive materials sparingly. Install stone tiles as a border around less costly ceramic. Upgrade the range in your new kitchen but opt for a cheaper refrigerator and sink.
15. Consider unconventional fabric. Sheets make great tablecloths, shower curtains, window treatments, and other fabric projects. Sheets are wider than most decorator fabrics, so they're ideal for tall or wide windows, and they come already hemmed. Or, consider burlap or terry cloth: Both lend a room texture and don't cost much.
16. Purchase plain, then embellish. Instead of splurging on expensive, patterned fabric for pillows or window treatments, purchase less costly solid-color fabric and dress it up with iron-on transfers, easy-sew appliques, or fabric paint.
17. Update the details without spending a fortune. Instead of buying a new dresser or kitchen cabinets, replace just the hardware. Pillows in trendy fabrics will refresh a tired sofa; fluffy new towels will liven up an old bath.
18. Paint can cover a multitude of sins. Revive furniture, flooring, and walls with a fresh coat of paint. Just be sure to prepare the surface by cleaning, patching, and priming before painting.
19. Find new uses for conventional things. Take a leisurely stroll through a hardware store or antiques shop and envision plumbing pipe as a curtain rod, old spoons as drawer pulls, vintage windows as screens or wall hangings, and an ottoman as a table.
20. Pull the furniture off the walls. Don't line the sofa, end table, and wing chairs along the perimeter of the room. Turning them on the diagonal is a free way to put a new perspective on a room -- and lets you visualize what items you need to complete the scheme.
21. Light it up. Strategic lighting is an easy—and inexpensive—way to change the look of a room. Use a floor lamp to illuminate a dark corner or to spotlight a colorful piece of wall art. A simple way to alter the mood is to replace your bulbs with lower-wattage models to create a dimly lit, intimate setting.
22. Deck the walls. You don't need pricey artwork. Frame inexpensive items, such as family photographs (especially in black and white), posters, pages from an old calendar, pressed flowers, a quilt, or vintage clothing.
23. Look outside for inspiration. Indoor-outdoor slate tiles, for example, are cheaper than the type used exclusively inside and are still attractive and durable. Pickets for fences make whimsical wainscoting, headboards, or mantel decoration. A wooden or metal trellis, when placed in a container of soil, laced with a climbing vine, and set on a sunny windowsill, stands in as a privacy-giving "curtain."
24. Cover up. Instead of reupholstering an entire sofa or chair, simply re-cover the cushions in coordinating fabric.
25. Work with what you have. Dishware inherited from your grandmother might make a dazzling display in a glass-front hutch. Lively quilts layered on a bed are a striking focal point to a bedroom.

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Thursday, August 28, 2014

To Remodel or Not to Remodel - That is the question

To Remodel or Not: 5 Deciding Factors

by David Hollies
Home Remodeling
For most of us, homes are not only where we live, but also our single biggest investment. As a living space, a home's design and condition impact our lives day in and day out. As an investment, we seek to preserve and enhance value in the marketplace.
When considering remodeling and improvement projects, we must consider both roles. In general, a well-maintained home yields better day-to-day service and long-term financial returns. Taking care of repairs as they arise makes sense, so problems are solved while still small, and the home remains a safe and comfortable place in which to live. Renovations, remodeling and other major home improvements are more complex.
The best starting point is your own home improvement needs. How much more do you think you will enjoy your home if you remodel or put in an addition? How long do you think you'll stay in the house?
If you are planning to stay in the house ten years or more, most of your decision should be made based on how much the enhancements will improve your lifestyle.
If your length of stay is shorter, uncertain, or a contemplated project is quite large, you have to pay more attention to the improvement's impact on probable resale value.
While every real estate market is different, you probably already know quite a bit about your area's real estate market simply because you live there. With that knowledge and an understanding of the 5 D's of remodeling, you should be in a position to sort out all the advice you'll get from general contractors, neighbors, home magazines and family members. The five D's are:
  • Distance
  • Deficiency
  • Distinctiveness
  • Demand
  • Degree
Remodeling Factor #1: Distance
Distance, or curb appeal, has to do with how well the property looks from the street before a person gets out of a car and takes a closer look. If someone doesn't have any interest at first glance, you'll never get them inside.
Things that give your home better curb appeal generally have a high rate of return. Landscaping, the front entrance, and the condition of the paint or siding are the biggest factors in curb appeal.
When it comes to landscaping, nothing elaborate is necessary. Well-trimmed foundation plantings, potted plants at the corners of the front porch, a groomed lawn and mulched flower beds all contribute to the house's appeal. Flowers certainly add to curb appeal, but it may be better to add them at the last minute depending on seasonal considerations.
The front entrance can be a big draw and seems to play a large role in curb appeal. The door should be in good shape with a fresh coat of paint. New hardware can also upgrade its appearance. If the houses on your street look alike, it might be worth adding more elaborate door trim, flanking windows, and/or a sharp looking stoop or porch.
The paint should be in good shape. Sometimes a thorough washing can freshen the look of paint or siding. Also, make sure the shutters are in good shape and hung straight.
Remodeling Factor #2: Deficiency
Deficiency has to do with whether or not your house is flawed compared to nearby homes.
If you have one bath, for example, and everyone else in the neighborhood has three, adding a bath is likely to have a relatively high return.
Obvious deficiencies substantially reduce the value of the home. People tend to lower the offering price by an amount greater than the actual cost of the remodel or addition. Taking care of such problems not only makes sense in terms of resale value, but also will make your stay in the home more pleasant.
Remodeling Factor #3: Distinctiveness
Distinctiveness is the one thing most people talk about. In fact, it's what you and your realtor talk about when you describe the house to others.
When people buy a house, they tend to buy on emotion and then back up the decision with rational considerations. A key to selling a house at a good price is to get the buyer emotionally interested in the home.
Homes generally sell better if they have two or three special or distinctive features. A walk-in closet, a whirlpool bath, a fireplace, attractive landscaping or a grand foyer can separate your home from the crowd and stir interest for buyers. These special features become very important in a competitive real estate market where a lot of similar homes are on the market.
Remodeling Factor #4: Demand
While the special features that make up distinctiveness are important, they are of no help and can even lower the value if these features are not widely in demand.
You may think a whirlpool in the living room will give your home a terrifically distinctive character, but if those looking to buy your house don't see that as valuable, you may actually reduce the value of your home by adding the feature.
Anything zany or out of character with the neighborhood should be avoided. For example, an ornate fireplace with a sculpted marble mantel may add plenty of value in an upscale neighborhood of $500,000 homes. But the same fireplace may be seen as difficult to clean and not energy efficient in a working class neighborhood.
Limit improvements to those for which there is documented demand.
Look at new model homes to verify that features you're considering adding are present in those homes. If the builders, with all their market research and surveys, aren't including the feature, you can bet that the market for it is limited.
Remodeling Factor #5: Degree
Remember things need to be done by degrees. No matter what you do, don't overdo it. If the front entrance is attractive already, renovating it in a new color will rarely be worth the cost.
Whether enhancing how your home looks from a distance, adding distinctiveness, or addressing deficiencies, one can usually get a fairly high rate of return up to some point. After that the rate of return drops off markedly.
If your house is the only one on the street with only one bath, spending $4,000 on adding a new bath might yield a return of $6,000 to $8,000 in terms of resale value. However, adding a bath that costs $15,000 may also yield an increased value of only $6,000 to $8,000.
If the house already has a number of special features, each added one would have a relatively smaller impact on resale value.
The best resource for getting more information on how various improvements might affect resale value is a real estate professional who knows the market in your neighborhood. Discuss the five D's with them, and you should come away with a pretty good idea of where you stand.
Just keep in mind that only you can determine what the improvement means in terms of your enjoyment of the house while you continue to live there.
Article source: homeadvisor.com

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Wednesday, April 30, 2014

12 Ways to Save Money at Home Depot

Hi Everyone!  Thank you for reading my blog!  Did you know that I'm the author of not just one, but thirteen books?  For more information, please visit www.charlesirion.com, www.irionbooks.com and/or www.summitmurdermystery.com 

 

12 Ways to Save Money at Home Depot


save money at Home Depot
Home Depot is a popular place for people who enjoy DIY projects, or are in the middle of renovating or building a house. It’s easy to get lost in their stores, wandering up and down the aisles, and filling your cart with a bunch of different items. Sometimes this means you end up spending more money than you originally intended. A trip for a $20 purchase could easily turn into a $200 trip. If you’re someone who does tend to spend a lot of money at when shopping at Home Depot, here are a number ways to save money at their stores:

Savings Center

Before you head on over to your local shop, make sure to check out the savings center section of their website. This page shows all the best deals and sales happening each week and month at their stores. The savings center shows deals and sales for every applicable department, and many of the sales range from 5% off to 50% off. If there’s something specific you’re thinking of buying, it’s a great idea to check out the sales before making a purchase.

Rebates

Another great way to save money is by taking advantage of the rebate finder on their website. The website lists all the available rebates for products that the stores sell, some of which go as high as $1,000. Since they don’t normally offer coupons, utilizing rebates is a great way to save some money on your purchases.

Special Buy of the Day

Another feature that is offered on their website is a “special buy of the day.” They pick one item in their store and set a special sale price for 24 hours. Keeping an eye on this section in case something you’ve been meaning to buy pops up as a special sale is well worth your while.

Free DIY Classes

One of the great offers that you can take advantage of is the free do-it-yourself classes that Home Depot offers. While this won’t save you money on the purchase price of the materials you buy, it can save you hundreds, and even thousands, of dollars on hiring someone else to do the project. You may be surprised that with a bit of instruction, how much you really can do on your own to save money, and this confidence will help you tackle other home repairs around the house (although some aren’t cut out for DIY projects). They even offer free workshops aimed specifically toward women.

Sales Catalog

Checking out the sales catalog is another way to save money during your next trip. The sales catalog contains the weekly sales happening at your local store, and often includes items that aren’t shown on the Savings Center webpage. These catalogs are available both online and in-store and can be a great way to help you plan your trip and spending.

Newsletter

Home Depot offers a Garden Club newsletter and signing up will grant you with special member only perks and deals, such as discounts and coupons. Such coupons could be $5 off a $50 purchase or 10% off. The newsletter also provides great tips and tricks of gardening and outside home care and repair, so if this falls under your interests, you should consider signing up to take advantage of their expertise.

Price Match

If you find a product for a lower price at a competitor store, Home Depot will honor the lower price as long as you can prove it (such as bringing in the flyer or pulling up the competitor’s price on your smartphone). Not only do they promise to match the price, but they’ll to beat it by 10%. Checking the competitors advertised deals before you go on the things you plan to buy can end up being a great savings. Don’t only look at other home improvement stores when searching for the best price. Also look at discount stores like Walmart and Target that might also stock the items you’re looking for to claim the price match deal

Coupons

Home Depot doesn’t often offer coupons, but a quick search online for “Home Depot coupons” brings up a decent amount of results. Before you go on your next Home Depot trip, it’s a good idea to search for coupons online to see if there are any available. Even if you can’t find any, not all is lost because the stores also honors competitor coupons. That means if you have a Lowe’s coupon tucked away somewhere, you can claim that savings on your trip.

Military Discount

If you’re in the military or a veteran, you can show the cashier your military ID in order to obtain a 10% discount on your total purchase. Many places offer discounts to members of the military, so just remember that Home Depot is one of those places!

Gift Cards

There are a lot of places online that sell discounted gift cards or that will allow you to swap an unused gift card for a different gift card. If you have, for instance, a bunch of department store gift cards laying around that you’ll never use, head on over to a site like CardSwap and swap it in for a Home Depot gift card. You can also buy discounted gift cards on these sites, with discounts being as high as 40% off the original gift card amount. If you know that you’re going to be doing a big project and will be spending a lot at the store, loading up on gift cards that you can buy for less than retail value can save you hundreds of dollars.

“Special” Items

Home Depot often has a separate section of the store for items that have been returned or gently damaged (such as dents in cans or scratched items). These items are still up for sale, but at a greatly reduced price. If you’re looking to save money and don’t mind some dented paint cans or tools that have been scratched and don’t look shiny and new, shopping in the clearance/returned/special item section may be where you want to look. If you can’t find this section on your own, just ask an employee where it’s located, and they will happily show you where it is.

Free Entertainment for Kids

In addition to adult do-it-yourself workshops, the stores also offer DIY workshops for kids. Not only do the kids learn important hands-on creating skills, they get a half day of free entertainment while they do it. Even better, the skills that they learn can be utilized to help you on DIY home projects as they get older, saving you even more money.

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Tuesday, January 28, 2014

Money tips for home remodeling

 Hi Everyone!  Thank you for reading my blog!  Did you know that I'm the author of not just one, but thirteen books?  For more information, please visit www.charlesirion.com, www.irionbooks.com and/or www.summitmurdermystery.com  

Homeowners expected to spend more on remodeling

By Amy Hoak, MarketWatch 
 
A 20-year-old house in suburban Atlanta is getting a makeover to create a more open floor plan for its kitchen, dining room and living room. The homeowners had wanted to make the improvements for a while, but because they purchased the home when prices were at peak levels, their plans were shelved. 

Until now. 

“The rebounding economy gave us the confidence to invest in our property — even though it is still worth less than what we paid, at peak,” said Jeffrey Ulrich, who lives there with his wife and three children. “At the same time, we have no intention of going anywhere else. This is our home, and we made a decision to invest in our everyday living, and think it will pay dividends now and in the future.” 




Researchers at Harvard University’s Joint Center for Housing Studies think there will a fresh crop of homeowners like Ulrich, finally going forward with postponed remodeling plans in 2014. In fact, they are expecting 10% to 15% growth in remodeling spending through the third quarter of this year, compared with the same period a year ago — which would add up to a “very good year for the industry,” said Abbe Will, the research analyst who puts together Harvard’s Leading Indicator of Remodeling Activity. The projection is based on a wide variety of housing data. 

“Homeowners are starting to feel much more confident about the fact that their homes are not just retaining value, but are starting to see home-price increases in many markets,” Will said. To fund these discretionary projects, there’s an improving environment for home-equity lending; until just recently, home-equity loans and lines of credit were nearly impossible to get. 

Remodelers are getting more requests for kitchen and bath remodels, home exterior improvements, changes to help homeowners age in place — even additions, said Tom O’Grady, chairman of the National Association of the Remodeling Industry’s strategic planning and research committee, as well as president of O’Grady Builders, based in Drexel Hill, Pa. 

The increased demand had many remodelers entering 2014 with jobs in the pipeline, something that hasn’t happened for years, he said. Remodeling activity started slowing back in 2006, O’Grady added. 

Renovation of distressed properties is also helping fuel the remodeling industry, as owners invest money into foreclosures and short sales that have been neglected over the years, Will said.

Before you remodel

If you’re planning a remodel of your own, consider the following before hiring a contractor. It will make for a smoother process, and ensure you’re getting the most for your money. 

Collect ideas: Go online to get ideas, and share pictures that you like with your contractor, Ulrich said. That will help you communicate your desires, and will make it easier for the contractor to quote jobs. “It puts everyone on the same page from the beginning,” he said. 

Set a budget: For yourself, set a maximum budget and make sure you have a contingency for any splurges you may want to make or problems that you could run into, said Liza Hausman, vice president of community for Houzz.com, a home remodeling and design website. Then, create a goal budget to share with your contractor. As much as you can, research materials to understand what they’ll cost. That will help you understand whether your budget is realistic. 

Take a breath: Don’t rush into major remodeling jobs if you’ve just moved in. “Live in the home for a few years so you know what you want to fix,” Hausman said. Only then will you understand how your house works — and what really needs improving. 

Research contractors: Contractors should be licensed and insured. Read online reviews, but make sure that the site you’re using allows both positive and negative reviews (some only post the positive), Hausman said. Don’t forget to ask for referrals from former clients, and reach out to them to find out how they liked working with the contractor, she said. 

Break down bids: Bids should include detailed information on what everything should cost, including materials and labor, Hausman said. But there can be wide variations when it comes to material costs, she said. Find a contractor who can “value engineer” your project and “help you find ways to pull stuff out or do things in a creative way,” so you’re spending your money in a smart way and getting elements that are the most important to you, she said. 

Trust your contractor: Choose a contractor you trust, but also make sure that the person who gets the job is a good communicator. That will go a long way to making sure you’re happy with the final result. “We’ve heard plenty of horror stories from friends,” Ulrich said. His contractor was good about following up after the initial inquiry — and Ulrich took that as a good sign. 

Start with a small job: Although he had a good feeling about the team doing the work, Ulrich gave his contractor a smaller project, a bathroom remodel, first, before hiring him to do his large-scale great room project. “How you’re treated on a small project is going to be how you’re treated on the big project,” he said. “They treated us like the most important customer they had, and it showed.” 

Prepare for inconveniences: Workers will be in your home all day, and if you’re redoing a kitchen, take-out dinners will become the norm. And then there’s the dust. But remember that remodeling requires a spirit of adventure, Ulrich said. “Take a deep breath and say ‘This is all going to turn out great, and it’s a small price to pay for decades of enjoyment.’” 


To order your copy of Remodeling Hell, CLICK HERE
For more information about Remodeling Hell, CLICK HERE
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