Home equity is very important in today’s real estate market. Not many people have any, and those that do, often have very little. To make sure that you get the best bang for your buck in terms of equity and resale value, follow the tips and suggestions in this article.

When it comes to home improvement, never allow a contractor to begin work without having a signed contract first. This is important to ensure that you receive the work that was signed for and have a legal contract to assist you if things do not go according to plan. Be specific and consult with an attorney, if needed.

When it comes to home improvement, consider adding more fans to your house to help during the warm months. This is important because running fans will cost considerably less than air conditioning, and provide a cooling benefit as well. Remember also that a fan only provides cooling benefit when you are in the room, so turn it off if the room will not be occupied.

Before you begin your next home improvement project, think about how long you would like to stay in your home. If you are planning to move this year, you may have a different budget for improvements than if you were staying for a while. You would also want to focus on areas in the home, like the kitchen and bathrooms, that buyers think are most important.

When you hire a contractor to work on a home improvement project, make sure that he is holding a current license and that he has insurance for his employees. This is important for your protection, in case you have a legal dispute about the quality of the work. In addition, if his employees are not covered by his insurance, you might be financially responsible for any injuries that an employee incurs, while he is on your premises.

If your kitchen is in need of a renovation that you can’t afford, consider simply repainting your cabinets and replacing their hinges. You won’t have made any major functional changes, but your kitchen will appear much nicer and newer. Replacing hinges ensures that cabinet doors fit snugly instead of hanging open, and the new paint will brighten up the whole room.

Deal with maintenance issues as soon as they arrive. If you have tenants that complain of a leaky faucet or a heater that is on the fritz, not only can they withhold rent until you have it repaired, but waiting can be more costly if further damage ensues.

Don’t be frightened of large open spaces because you can easily divide them. Divide large spaces with a ceiling mounted shade or curtain that you are able to pull down. It can cost-effectively divide a large area and you can just pull your divider back up when you’re having a large gathering or party.

For an affordable and attractive temporary update, consider a bright and colorful wreath for your front door. This easy fix requires no commitment and very little investment. Furthermore, you can change the wreath frequently to reflect the changing seasons, holidays, or just to indulge yourself with a favorite color palette.

If your home is an older house there’s a good chance you might have outdated PVC windows, which are difficult to maintain and often yellow with age. Replacing the PVC with modern plate glass can make a significant difference in the look of the house. Glass windows will also allow more natural sunlight into your home, creating a more open, inviting atmosphere.

Update your kitchen cabinets. If you are on a tight budget, a simple way to update your kitchen cabinets and drawers is by replacing the hardware. Knobs and pulls are available in a style to suit everyone’s taste, from contemporary to vintage to traditional. When you replace the hardware, don’t forget to clean your cabinets thoroughly. You will be surprised how many people think that you have actually replaced your cabinets!

Increase the security of your home by installing motion detecting floodlights on the exterior of your house. These lights are ideal for homes with large front yards or those located on dark streets. Install these lights near your garage or shed. These lights will illuminate the area and reduce the risk of break-ins.

Interior lighting can be used to create the illusion of spaciousness in narrow hallways or nooks. Install light fixtures above eye level along the length of the corridor in such a way that the light is directed downward. In addition to making the area feel larger, it can also be used to illuminate family portraits and decorative wall elements.

If you are planning on painting a room as part of a home improvement project, you can save money by accurately estimating the amount of paint you will need. One gallon of paint will cover about 350 square feet of wall space unless you are painting drywall, which absorbs more paint. An accurate estimate can prevent you from overbuying paint, which once mixed in a specific color generally can’t be returned.

Before removing wallpaper from a room as part of a home improvement project, be sure to determine what type of wallboard is underneath the paper. Generally, you will find either plaster or drywall. Drywall requires much more care when removing wallpaper, as it can be damaged by over-wetting or scraping.

Do you want to enjoy the outdoors without getting eaten alive? You can add a screened-in porch to your home. A screened enclosure gives your family a nice shaded and protected area that keeps the bugs out but lets the fresh air in. A ceiling fan in your screened enclosure can mean even more comfort.

With the housing market still being so depressed, it can seem like a waste of money to even do any remodeling on your home. But the truth of the matter is that buyers are still expecting a certain level of updates in the homes that they purchase. Following these tips will ensure that you have what buyers want.

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