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Tag: Renovations

It’s not just your neighborhood. Contractors are incredibly busy with home renovations

From the sound of things in some neighborhoods, you might not think the economic downturn has been all that severe in Massachusetts.



a person standing in front of a building: President and owner of Golden Builder Construction Tomasa Pujol at a residential job site in Dorchester.


© Pat Greenhouse/Globe Staff
President and owner of Golden Builder Construction Tomasa Pujol at a residential job site in Dorchester.

Saw blades are buzzing, nail guns are popping, and drills are spinning as contractors descend on home renovation projects in huge numbers. It’s a striking aberration in an economy where many businesses continue to suffer and unemployment remains high.

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The activity is also another indication of how unevenly the economic fallout from the COVID-19 pandemic has been distributed. Some homeowners ― often those whose incomes have not taken a hit ― have reduced costs for commuting, travel and other expenses, giving them more discretionary income. At the same time, interest rates for home equity loans and mortgages are historically low, making it cheap to borrow money.

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The Best Way to Pay for Home Renovations This Fall

Given that most of us have been sheltering in place since March, it’s no wonder that we’re in the mood to renovate our homes. The online remodeling platform Houzz reported a 58% jump in the number of contractors’ project leads this June from the year before. Contractors working in outdoor spaces saw the largest increase, as folks looked to have pools and spas installed. Homeowners also seem far more interested in decks, patios, and landscaping than they were pre-pandemic. Kitchens and baths, traditionally the most popular remodeling projects, saw a 40% increase in demand.

If you’re itching to give your place a facelift, you may wonder about the best way to pay for it. Here are six possible home renovation financing options:

1. Personal loans

Personal loans are available through online lenders, banks, and credit unions. It is not uncommon to find personal loans for as much as $100,000. If

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Comparing 4 ways to pay for home renovations

After months of lockdown during the pandemic, many have become aware of the failings of their homes. Whether you want a cosmetic update or think your home may have a more serious problem, how to pay for a renovation may be your main concern.

We asked Todd Nelson of home improvement lender LightStream for suggestions on how to decide which projects to do and how to stretch your budget without derailing your long-term financial plans.

“Rather than procrastinate because you don’t know what to do first, it’s best to prioritize your projects,” wrote Nelson in an email. “If you’re not sure about the condition of your home, consider having your home assessed by a licensed home inspector. Tackle structural and mechanical system issues as soon as possible to ensure your home’s physical integrity and safety, as well as to prevent costly repairs in the future.”

While hiring a home inspector

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Pros And Cons of New Build Vs Renovations

Should We Renovate Our Home Or Tear It Down and Rebuild?

We often get asked “how do we decide if a renovation or a rebuild is the best decision for us?”

Well, first of all, let’s examine the difference.

With a rebuild, your chosen contractor will demolish the entire living area and rebuild it up from the foundation. A renovation, sometimes called remodeling, is more focused on a specific area of your home, like your kitchen or basement.

Secondly, for the purposes of this article, we are under the assumption that you love your location and absolutely insist on staying where you are.

So, with that in mind, how does one decide which path to take?

The two main factors will be the age of your home and your budget. Typically, if your home is approaching 70 years old – i.e. built before 1950, and your budget can absorb it, … Read More

DIY Home Exterior Cedar Look Renovations Considered

Cedar siding installation is not easy, but when it’s done, wow does it look good, perhaps better than any other type of siding. Oh sure, you can buy imitation cedar shingle siding or cedar shake vinyl siding fakes, but there is truly nothing like the real thing, especially when you are up close and personal. You can smell the cedar, feel it, and you can experience it, much different than the non-organic imitation plastic vinyl cedar shake facades. Even steel siding or aluminum siding made to mimic a cedar siding home is suspect as you get up close.

A true cedar shingle siding or cedar shake installation lets your visitors know you are the real deal, that your home is as authentic as you are. And they can feel the difference. It often takes a real craftsman to do a cedar shake installation or install cedar shingle sidings. However, if … Read More

Home Renovations That Are Illegal to Do on Your Own

It doesn’t matter how handy or knowledgeable you are, there are some home renovations that are against the law to do yourself. There are many reasons why these projects are illegal to “DIY“, but it is mostly due to the fact that they involve complicated codes and procedures, which require specialized licensing, training, and equipment. Examples include water heater replacement, plumbing work, lead paint removal, framework construction, and more. Aside from being legally prohibited, performing these types of projects on your own can also void warranties, jeopardize insurance claims, lower property value, and even hinder resales. Continue reading to review some illegal DIY home improvement projects, so you can better protect yourself, your home, and all that’s in it, from trouble.

DO NOT Do This at Home

There are many home improvement projects that are not permitted to do on your own, and for good reason. These include … Read More

How to Go About Home Renovations Successfully

Your home is a sanctuary where you should feel happy and comfortable. Unfortunately, most homeowners wait until their houses start falling apart to start remodeling. Home renovations are essential to maintain a home’s stylish looks, to improve the existing structure, and to modernize it. Here are some pointers on how to go about renovating your home.

Know the Extent of the Renovations

Before commencing home remodels, it is important to consider the age of the house. This will determine the extent of the renovations because older houses may require more renovations. Your intended length of stay in the house is another factor. In case you plan to sell the house immediately, there are key areas to focus on. These include the bathroom and kitchen. Many buyers concentrate on these areas.

Consider Your Budget

Whether you are renovating the whole house or some specific areas, you need to have a budget. … Read More

DIY Home Renovation Tips – A Step by Step Guide to Home Renovations

When it comes to investment property renovations the question I always get asked is – “how much work should I do”? The answer to this question will change dramatically depending on each person and their current situation. Are you the kind of person that loves DIY (do it yourself) home renovations? Do you love researching cheap renovation ideas? Or does the thought of a month’s DIY home renovation make you feel sick? Only you can answer these questions but believe me there are huge advantages of doing minor renovations let alone a full month’s work on a property

So let’s assume that you have 2-5 weeks to complete your DIY renovations, what is a realistic goal to try and achieve? To a certain extent this will depend on your budget but you would be surprised at how much you can get done if you find some good cheap renovation ideas. … Read More

How To Make The Best Kitchen Renovations

A lot of decision making and creativity is required for a successful kitchen remodeling project. This is because there are unlimited options that one can choose from. Failing to make careful decisions or budgeting can make the overall process a waste of time and resources, and this comes in a costly way. Nevertheless, with proper guidance and workmanship, the project should be a success. Here are some tips to help you through:

Have a concrete budget for the renovation exercise

The cost of renovating the kitchen should be determined before anything else. The budget should govern all expenses required and fulfill all till the renovation exercise is through. To make this work, important aspects in the renovation process needs to be determined and prioritized. Always stick to what you can afford without affecting the budget. A budget gives you a rough estimate of how much you would spend on each … Read More

Home Renovations That Will Increase Your Property Value

Remodeling your home is all about increasing your quality of living and your property value. If it doesn’t do both, then consider rethinking your plans for a renovation. Finding the best outdoor and indoor remodeling to do on your home can be tricky, especially if your sole purpose is to recoup the cost once you sell the property.

The good news is there are experts who can help you figure out what updates to do to your home. The following are some of the most popular ideas you can use to improve your home and increase its value.

Get Rid of Small Dark Rooms

Prospects looking for a home to buy like properties with lots of space and light. If your home is dark, then consider adding more windows throughout the house. Then for the small dark rooms you may have, you can open them up and install more windows. … Read More