Whether you just purchased a home or have owned your home for a while and have decided to make some changes, you may decide that your quality of life and the value of your home would both improve with home remodeling and home renovations.
Home remodeling involves updating, replacing, changing, or even removing features in order to improve your home. Remodeling and renovating are synonymous terms, and both terms usually refer to work performed by contractors or other professionals to the actual property. Redecorating refers to updating or changing personal decorations in the home, such as furniture and art.
Home remodeling includes:
- Replacing older appliances with new ones
- Updating light fixtures
- Fixing electrical issues
- Repairing broken windows, floors, doors, and other structures
- Replacing the flooring
- Expanding the house by adding more rooms or floors
- Updating counter tops and cabinets in bathrooms and the kitchen
- Adding a pool, deck, patio or porch
- Painting interior and exterior walls
Home remodeling can be time consuming and expensive. However, it is often associated with an increase in the value of the home that more than compensates for the remodeling expenses.
Depending on your plans for your home, home remodeling can become extremely costly. You do not always have to wait until you have the available cash to pay for the remodel. There are lenders who provide home improvement loans that are designed to assist homeowners with fixing up their properties. These are personal loans and are generally short-term. They usually have higher interest rates but are not secured like mortgages.
Remodeling conflicts can occur between you and your lender, a contractor, a neighbor, or even the local government. Common home remodeling conflicts include:
- The home improvement loan contains very restrictive clauses that prevent you from carrying out your design as planned
- You are unable to make your home improvement loan payments in a timely manner
- You use your home improvement funds for something other than home remodeling
- A contractor did not perform the job to your satisfaction
- A contractor did not finish the job
- A contractor is demanding more money than originally agreed-upon
- A neighbor is disputing a renovation as an eyesore or as encroaching on their property
- The city does not approve the work at all and refuses to issue you a permit
- The city does not approve the work as up to code once it is completed
While home remodeling can greatly increase the value of your house and allow you to better enjoy your time spent at home, home remodeling disputes with your lender or other parties can be absolute headaches. A real estate attorney can advise you of your legal options and rights, educate you on the law, and advocate on your behalf in court.