January 2012 Home Renovation Newsletter
In this issue of reVISION’s Renovation Newsletter:
- Successful Home Renovation Steps
- Return on Investment
- Asbestos and Your Renovation
- reVISION’S Projects
Successful Home Renovation Steps
A smooth and pleasant road through the transformation is possible and can be extremely exciting and rewarding….if you plan right.
Do your homework – Have a clear vision that will consider your lifestyle needs is imperative to your renovation.
Know how much you can afford – There are many financing possibilities through personal loans, lines of credit, home equity loans and even grants.
Look for a professional renovator – For high quality results and services that will ease the process, you need to go with a professional. There are many resources, including, the GVHBA website that will give you recommendations.
Choose your contractor and check references – Narrow down the renovators you feel most comfortable with and interview them. Check in with GVHBA and previous clients.
Work out a contract – Don’t just go with the lowest bid. Make sure everything is in writing, from work to be done to the payment schedule.
Plan how you will live during the renovation – This can be the most stressful part so take everything into consideration.
Establish a good working relationship with your renovator – Trust is essential. Communication lines should be open at all times for progress reports and decisions you may have to make on short notice.
Stick to the original plans – In order to stay close to the original price and schedule, changes should be kept to a minimum.
Return on Investment
If you are thinking of renovating, it’s important to not eliminate options for potential future buyers. Plan your project carefully to ensure you are making a wise financial decision. Below are some renovations that will give you the most bang for your buck:
- An outdoor kitchen addition, if you do it right, is between 150-200%
- Kitchen renovation – 72%
- Bathroom renovation – 68%
- Basement renovation – 49%
- Construct a garage – 70%
Asbestos and Your Renovation
Asbestos is a strong fire-resistant mineral fibre that can cause very serious illnesses. If your house was built during or before the late 1980’s, you may want to consider renovating. Your renovator will have a qualified person come inspect and safely remove Asbestos from your home. Some potential sources of Asbestos include but are not limited to the following:
- Duct insulation and tape
- Textured of stipple-coated walls and ceilings
- Acoustical tiles and stipple or popcorn ceiling
- Gypsum board filling compound and patching and joint compound for walls and ceilings
- Soundproofing or decorative material sprayed on walls and ceilings
- Batt insulation
- Loose blown-in insulation such as vermiculite
May we light your fire?
Freshly finished, reVISION’s new home construction on the west side is stirring up gossip on the block.
This unique fireplace is the focal point for the newly built home. The tiger granite feature piece gives the finishing touch of perfection.
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