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With soaring fuel and electric prices, energy-saving projects can ease your stay as well as be attractive to future buyers. Happiness is subjective. Keep that in mind if you are considering a remodeling project that is very personalized. A gas-stove fire pit in a domed, star-studded living room may be just what you’ve always wanted to bring the outdoor
Sort through possibilities by drawing up a list and ranking projects from least expensive to most costly. Next, decide just how much happiness you can realistically afford. You may find that simple improvements can keep you smiling. One way to increase your level of satisfaction is to remove the burden of clutter. It can be difficult to let go so call in a friend or a professional organizer to help. Sort items into three piles: items to keep, donate or throw away. With fewer items around your home, you can then check out smart-looking organizers. In bedrooms, closet systems can tame unruly clothes and shoes. In the garage, setups provide places to hang, stow away or store aloft items. In the home office, stylish yet accessible containers hold items needed for each task. One longstanding mood-lifter and easy way to change the look and feel of a space is among the least expensive projects you might tackle: painting. “It can give the most dramatic change at a reasonable cost and it gives a room a whole different feeling,” says Melanie Wood of Knoxville, Tenn., who operates an interior design and color consulting firm to the home furnishings industry and is a past president of the Color Marketing Group, a not-for-profit association of international color designers. People are often concerned about using colors in their spaces because of the effect it might have on potential buyers. But if the buyers don’t like it, they can always get out a bucket of white, says Wood. “Fresh, current colors enhance the property. People love the opportunity to see the emotion of a room through the colors used. Strong chromatic colors can offer the wow side of nature or go for a more serene look with botanical greens or soft aquas. Painting for a dramatic change can make you fall in love with your home all over again,” she says. Another project to consider is to make your house more user -friendly. Based on concepts of universal design and aging in place, these projects need not be expensive. Increase lighting levels in transition zones, such as stairwells or between two flooring types. Switch door knobs and faucet controls to levered handles that are easier to grasp and turn. Install heavy-duty slide-out shelves in cabinet to make it easy to find items in the back. For more ideas, see “Affordable Ideas to Retrofit Your Home for Accessibility” and “New Products and Trends in Universal Design." Fritschen suggests that other remodeling projects typically important to people who have decided to stay put include installing new interior doors, installing new crown molding and baseboard and laying new carpet and refinishing hardwood floors. If your home is already the grandest or largest in the neighborhood, there is little chance these happiness projects will also make your home appreciate in value. But, again, that was not their purpose. Projects that May Help with Resale
“Particularly in markets where inventory levels are high and buyers have many options, curb appeal and how a home presents itself from the street can be very important,” says Stephanie Singer of the National Association of Realtors. “This is where buyers form their first impression.” Singer says that a 2007 Profile of Buyers’ Home Feature Preferences showed that “three of the four projects with the highest national percentage of costs recouped were exterior upgrades. The most profitable project on the national level was upscale siding replacement, recouping 88 percent of costs upon resale. Wood deck additions and wood window replacements returned 85 percent and 81 percent, respectively.”
A home’s overall condition, availability and condition of surrounding properties, location and regional economic climate are all factors that influence a particular home's value. Singer says that's why when considering a remodeling project consumers should rely on industry professionals such as NAR’s Realtors who have the expertise and experience to help homeowners protect their investment. Balancing enhancements with recouped costs can be difficult. Dan Fritschen, author of Remodel or Move? and creator of remodelormove.com, an online calculator, says he likes the 20 percent rule: If a project cost is less than 20 percent of a home’s value, then it may not necessarily be possible to recoup the cost but it is a manageable cost. If it is more than 20 percent, then it could be still a good decision, but a homeowner should spend more time analyzing what, if any, they will recoup from the remodel. When thinking about projects that will help with resale, don’t forget maintenance tasks that can become projects of their own. Check for plumbing leaks under sinks or in the basement. Check your home’s foundation for cracks. Make sure the surrounding ground drains water away from your house. Have your chimney checked for loose mortar or bricks. For more information on all of your landscaping questions please visit www.askthelandscapepro.com
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