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Home Remodeling and How they are Appraised – Carpenter, Milford

02 May 2014

Posted by Joseph Coupal

Spring often means it is time to start home remodeling projects. Whether you're adding a new deck or finally finishing the basement, remember that the value added from renovations differs widely based on a number of factors. The Appraisal Foundation has compiled some important tips to ensure your remodeling projects maximize your appraisal.

1. Cost does not always equal value.

Homeowners need to remember that appraisers do not simply add the cost of renovations to the value of a home. They determine how much buyers are willing to pay for specific renovations in a marketplace, which often varies greatly depending on location.

2. Remember the principle of substitution.

When evaluating renovations, appraisers rely on the "Principle of Substitution," which essentially says that buyers would pay no more for a special feature in a home than the cost of renovating a similar property. Of course appraisers also consider the value buyers might find in not having to go through the hassle of doing the renovation themselves.

3. Energy conservation features can increase the value of a home.

Appraisers take into account energy-efficient features (high-efficiency windows, solar water heaters, photovoltaic solar systems, etc.) However, the value of these improvements is based on what the market is willing to pay -- which differs depending on the community. Homeowners can hire an appraiser beforehand to get a better sense of how much value a particular energy-saving renovation will add to their home.

4. Location is key.

The value added due to renovations depends on geographic region. For instance, a new in-ground pool will most likely add more value to a home in a warm-weather climate, where residents can take advantage of it year-round, rather than a cold-weather climate.

5. Maintenance can be as important as renovations.

An appraiser often takes into account the maintenance of a home including recent heating or air conditioning inspections, septic system servicing, roof inspections, and other types of inspections.

6. Keep your house tidy.

While a home's neatness isn't officially evaluated in an appraisal, clean houses generally leave people -- including appraisers -- with a more positive impression. In addition, uncluttered homes make it easier for appraisers to perform a proper inspection.

7. Keep your records.

It is important that you keep records of all inspections, additions, conversions, or other structural or significant work performed on your home, so that an appraiser can easily review it.

8. Don't be afraid to communicate with your appraiser.

While homeowners are not permitted to unduly influence an appraiser, sharing relevant information about renovations to your home is absolutely appropriate. In fact, a competent and ethical appraiser will welcome information that makes his or her job easier, and leads to a more credible opinion of value.

For more information on your home renovations, contact Manzola Carpentry.

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Basement Remodeling Tips and Ideas - Milford, MA

23 Aug 2013

Posted by Joseph Coupal

Basement remodeling adds living space to your home without the cost of adding on a home addition. Turning your basement into a beautiful gathering area not only adds space to your home, it also increases property value.

If your home has an unfinished basement, you have space that could be worth thousands of dollars. Here are some ways to make the most of this potential investment.

Basement remodeling tips and finishing ideas

1. How do you want to use added space? Some basements are cellars with dirt floors and stone walls. You can take advantage of cellar space, especially if you like to cook. Cellars can be used for canned goods, smoking meats, storage, an additional freezer, or as a hobby or workspace.  Cellars can even be turned into a second kitchen for holidays or entertaining.

2. Homes that have basements with concrete floors may have electric and heat already, but if not, these can be easily added. Also, you should check for radon, lead paint, and possible toxic fumes from stored chemicals before beginning a basement remodeling project.

3. Consider possible uses for your new living space as you consider the needs of your family. A growing family may need to turn the basement into one or two bedrooms. Building codes require that bedrooms are well vented and heated and that there is a fire escape plan.

Basement space can also be used as a recreation or entertainment room with a television, games, comfortable furniture, or even a refrigerator. A basement can make an excellent playroom for kids.

Another popular idea for basement remodeling is to turn it into home office. This can be done fairly inexpensively by putting up wallboard, adding carpet or tile, and buying office equipment. If the space is large, a hobby room for sewing, reading, writing, or studying can be added as well.

Finishing a basement can fit any budget, and it can be fun to have added space in your home that you never had before. Contact Manzola Carpentry to see if your basement is good candidate for remodeling.

Add Living Space To Your Home By Finishing the Basement - Milford, MA

16 Aug 2013

Posted by Joseph Coupal

Many homeowners are deciding to stay in their own homes rather than sell and look for a new home. Instead, they are opting to add more living space. One option which is easier and less invasive than a home addition is to finish your basement.

If you are looking to add liveable space to your home, finishing your basement is the perfect alternative. In almost all cases finishing your basement instead of building an addition is typically less expensive.

At Manzola Carpentry, when clients tell us they want to finish the basement, we ask a few questions. Here are some things you should consider:

What do you want to do with the space?
Are you going to use it for storage?
Are you going to use it for a play room, family room, bedroom, office?
Is it a dry space?

These are all questions which we will consider with you when we are deciding the best ways to use and take advantage of your space. Obviously, you want to get the most use of the space you have in order to add the most useable living and storage space possible.

Basement refinishing is generally less expensive than additions because the walls are already constructed. When remodeling a basement we are just finishing the space that already exists, we do not have to put in the whole foundation, a heating system.

Basement remodeling allows you to turn unused space into something you can enjoy for many years. Finished basements also increase your home value when you do decide that it is time to sell.
For more information on adding living space to your home by finishing the basement, contact Manzola Carpentry in Milford.

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