More and more, many people are forgoing "dream" vacations and placing that money into a remodeling plan ...
No doubt about it - home renovations are expensive! Depending upon the complexity of your renovations, you could be living in a home that's constantly in a state of disarray until the work is complete. If you decide to move to a new home, this is "uncharted territory" for your whole family. For kids of any age, leaving their peer group and having to make new friends is uncomfortable. If your family decides to relocate to a new state or city, are jobs available in your area of expertise? Can you afford to make an initial investment in a new home while you'd be paying the mortgage on your old home until it sold?
The remodeling industry took in $109 billion dollars in the past fiscal year. This represents an increased number of home innovations. An investment in remodeling your home is something you can enjoy for years. It increases your quality of life and the value in your home if you should ever decide to sell it.
More and more, many people are forgoing "dream" vacations and placing that money into a remodeling plan. Vacations come and go, but upgrades to your home are things you'll enjoy year-round. Economic advisors agree that an investment in your home through renovation is a wise move.
Home renovations are never easy. Depending upon the extent of your required remodeling, the process could quite some time, perhaps even as long as a year. During this period, you'll have workmen traipsing through your home - sanding, painting, putting in new windows and doors, installing new appliances, and more! You and your family will be living in a kind of "contained chaos" until the last workman has departed. Before committing to these changes and upheavals, be sure in your own mind that you can live with this situation.
If you plan on staying in your home for ten years or more, renovations make good sense. Your house can easily live up to your expectations and its potential with the right contractor and designer. This isn't an area to skimp on since you'll be living in your home for many years to come; buy the best you can afford, and look for the best value for your money.
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Author Steven Gaines takes us from New York's most expensive condominiums and co-ops to the offices of its most powerful real estate brokers to reveal the outlandish displays of ego, bad behavior, and status hunger that come into play when the best addresses in the city are on the line.
With his signature elan, Gaines weaves a gossipy tapestry of brokers, buyers, co-op boards, and eccentric landlords and tells of the apartment hunting and renovating adventures of many celebrities - from Tommy Hilfiger to Donna Karan, from Jerry Seinfeld to Steven Spielberg, from Barbra Streisand to Madonna.
Here, too, is a fascinating chronicle of the changes in Manhattan's residential skyline, from the slums of the nineteenth century to the advent of the luxury building. Gaines describes how living in boxes stacked on boxes came to be seen as the ultimate in status, and how the co-operative apartment, originally conceived as a form of housing for the poor, came to be used as a legal means of blackballing undesirable neighbors.
A social history told through brick and mortar, The Sky's the Limit is the ultimate look inside one of the most exclusive and expensive enclaves in the world, and at the lengths to which people will go to get in.
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Home Renovation Facts & Tips
Finally, there's the jetted tub, either inside or outside. These are a lot like swimming pools; great if you want them and know how to care for them, hell on earth money pits if you don't! Renovating your home with an indoor or outdoor hot tub in hopes of increasing its selling power isn't a good idea. It may not be a "deal breaker" as in love the house, hate the hot tub, but only buyers who truly value hot tubs will consider it to be a true asset.
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