When homeowners think about renovating their properties, many first need to secure some funding to finance such projects. Some may tap into the equity of their homes by refinancing an existing mortgage, while others may apply for home equity loans. Taking the latter approach may require certain steps, including an assessment of how much the home and property is worth. Home appraisals compare your home to neighboring properties to determine your home’s current market value. Homeowners can facilitate the process by having certain information readily available for the appraiser. When preparing for appraisers, homeowners should consider and collect the following information: • If you have made significant upgrades since it was last appraised, such as installing a new roof or siding. Don’t overlook smaller renovations, like extra insulation added or sealing drafty windows, which can increase a home’s value. • Proof that you have used sustainable resources or if you participated in any energy-savings programs. Naturally, any expansion projects, such as adding another bedroom or extending the footprint of the home, should be mentioned. A real estate appraiser is a certified, licensed professional who will do his or her best to determine the value of your home. The appraisal provides banks with information that can tell loan officers if the house is worth the loan amount. Expect to pay a fee for the appraisal, which is generally included in your closing costs. The appraiser gathers information for the appraisal report from a number of sources, but the process often begins with a physical inspection of the property, both inside and out. He or she also will compare your home against a few others in the neighborhood, which are known as comparables, or comps. Appraisals will be based on recent prices of comparable properties as well as other factors. It may be worth it to invest some more money into the property before having an appraisal done. A study sponsored by the National Association of Realtors says wood floors, landscaping and an enclosed garage can lead to a more favorable appraisal. An accurate assessment of the value of your home will give banks the information they need to determine loan amounts for future renovation projects. Providing background information on the home and having a well-maintained property can improve the chances of a favorable appraisal. (StatePoint) Before you decide on a home im- provement project, it’s a good idea to learn which ones will help raise your house’s value and recoup the most money when you decide to sell. From replacing your front door to adding a deck, there are many midrange improvements that won’t cost a bundle but will deliver great bang for your buck. It’s not about spending the most money; it’s about improvements that best hold their value. The experts at “Re- modeling” magazine re- cently released their 28th annual Cost vs. Value Re- port, comparing con- struction costs with resale value for 36 of the most popular home im- provement projects. When it came to midrange projects, the report found homeown- ers recouped the highest percentage of costs on these five improvements: steel entry door replace- ment, installation of manufactured stone ve- neer on home exteriors, garage door replace- ments, vinyl siding re- placement, and wooden deck additions. “Making your home stand out from others on your block and others on the market is achievable if you plan wisely when it comes to remodeling projects,” says Phil Wengerd, Vice President of Market Strategies at ProVia, a leading building products manufacturer. “This year’s statistics in- dicate that moderately priced exterior projects can significantly enhance home resale values.” This year’s analysis of top midrange home im- provement projects pro- vided definite direction for homeowners: • Steel Entry Door Replacement: The 20- Gauge Steel Entry Door has consistently delivered the best return on invest- ment for resale, holding the top spot in the midrange product cate- gory since its debut in this report in 2009/2010. The steel entry door is the only project that, on a national basis, more than pays back its invest- ment, typically recouping 101.8 percent. At ProVia, for example, the com- pany’s Legacy Steel Entry Doors are a consistent top sales performer. • Manufactured Stone Veneer: A new PAGE 14 PRESS & DAKOTAN ■ TUESDAY, MARCH 10, 2015 Though it may seem like interior decorators are a luxury reserved exclusively for the rich and famous, interior decorators work with people of all budgets. Homeowners some- times wrestle with the practicality of hiring a decorator, wondering why they should spend the money when they can do the work them- selves. But just like homeowners may hire professional electricians or landscapers, hiring a professional interior decorator can ensure the job is done right, within budget and com- pleted within a reason- able amount of time. Those who have al- ready invested quite a bit of money into their homes but want to add some finishing touches would be wise to hire interior decorators or designers. Homeowners often have no idea where to begin when attempting to establish flow from room to room in their homes. Decorators can help homeowners tailor the interiors of their homes to the homes produce the desired vibe. Hiring a designer can help a person avoid making potentially costly design errors. An aesthetically appealing house also can increase the home’s value, set- ting a property above others in terms of ap- peal. Even though the designer will charge a fee, the investment may be well worth the ex- pense when the room is done right the first HOME SAFE HOME. Call to get a competitive quote on your homeowners insurance. Your dream is out there. Go get it. We’ll protect it. 300 W. Main, Irene • (605) 263 - 8282 American Family Mutual Insurance Company, American Family Insurance Company 6000 American Parkway, Madison, WI 53783 ©2013 007383 - 6/13 Eugene Kocer Agency American Star Certified Agency Excellence In Customer Experience 413 W 15th St, Yankton (605) 665-4231 35 HEATING COOLING TIN HEA AT G & COOLI 35 G NG vin a *S CE PROPERTY MAINTENANCE LLC CE Property Maintenance FREE “No job too small no job too big.” CALL US TODAY! Brian Gaulke 605.660.4735 Chad Van Laecken 605.310.1080 NAN E AINT M O R CE P CE NAN TY R PE O NAN E AINT M ation estimat lig no ob y and w e a local compan e ar W enance y Maint t oper r CE P 605.660.4735 ian Gaulk Br CALL US TODA ff CE NAN LLC . es ation estimat , FREE er f e of y and w o help! e t is her enance 605.660.4735 e ian Gaulk Y! TODA AY oo small “No job t o s er r t Gut Siding ing oof esidential R R ing oof cial R ommer C 0.1 605.31 Laec an Chad V Va 605.660.4735 ” . oo big no job t to Demolition obs e J et oncr C ns ole Bar uction of P onstr C uction onstr eel Building C St 080 0.1 en k Laec 605.660.4735 oo small No job t o . oo big no job t to ✳Insects continued from page 13 that like moist surroundings. Remove standing water whenever possible to eliminate spots for mosquitoes to incubate larvae. Natural remedies also may do the trick. Mint, bay leaves, catnip, and garlic can repel insects like roaches and ants. Citrus can be a natural flea deterrent. Some homeowners have had success planting marigolds around their yards to serve as a natural bug repellent because the flowers produce a scent that many insects find repulsive. Thai lemon grass plants also can be used to keep mosquitoes at bay. Warm weather is synonymous with many things, including the return of insects. Homeowners may be able to treat unruly bugs on their own, but especially problematic infestations may require the help of experienced exterminators. Redefine a space with an interior decorator’s help Five top home improvements that raise your resale value ✳Improvements continued on page 15 Make the most of your home appraisal ■ MetroCreative Connection ■ MetroCreative Connection ■ MetroCreative Connection time. Interior decorators have numerous re- sources at their disposal. Fine tuned to the world of design, they under- stand which trends will come and go and also which design ideas have staying power. In addi- tion, decorators will be in touch with vendors in the industry, connecting homeowners with the best of the best in terms of providing furniture, housewares, photogra- phy, and additional spe- cial touches that help make a house a home. In addition to ex- pertise and resources, interior decorators have eyes that will be trained on things homeowners may not have noticed or even realized can be done. A designer may envision removing a room to create more space or knocking a wall down to let more natu- ral light into a room. Designers and deco- rators are trained to think differently and spatially to achieve con- cepts homeowners may never have envisioned for themselves. They can help tell stories through design and im- prove spaces immeasur- ably.
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When homeownersthink about renovatingtheir properties, many firstneed to secure somefunding to finance suchprojects. Some may tapinto the equity of theirhomes by refinancing anexisting mortgage, whileothers may apply forhome equity loans. Takingthe latter approach mayrequire certain steps,including an assessment ofhow much the home andproperty is worth.
Home appraisalscompare your home toneighboring properties todetermine your home’scurrent market value.Homeowners can facilitatethe process by havingcertain informationreadily available for theappraiser. When preparingfor appraisers,homeowners shouldconsider and collect thefollowing information:
• If you have madesignificant upgrades sinceit was last appraised, suchas installing a new roof orsiding. Don’t overlooksmaller renovations, likeextra insulation added orsealing drafty windows,which can increase ahome’s value.
• Proof that you haveused sustainable resourcesor if you participated inany energy-savingsprograms.
Naturally, anyexpansion projects, suchas adding anotherbedroom or extending thefootprint of the home,should be mentioned.
A real estate appraiseris a certified, licensedprofessional who will dohis or her best todetermine the value ofyour home. The appraisalprovides banks withinformation that can tellloan officers if the house isworth the loan amount.Expect to pay a fee for the
appraisal, which isgenerally included in yourclosing costs.
The appraiser gathersinformation for theappraisal report from anumber of sources, butthe process often beginswith a physical inspectionof the property, bothinside and out. He or shealso will compare yourhome against a few othersin the neighborhood,which are known ascomparables, or comps.Appraisals will be basedon recent prices ofcomparable properties aswell as other factors.
It may be worth it toinvest some more moneyinto the property beforehaving an appraisal done.A study sponsored by theNational Association ofRealtors says wood floors,landscaping and anenclosed garage can leadto a more favorableappraisal.
An accurate assessmentof the value of your homewill give banks theinformation they need todetermine loan amountsfor future renovationprojects. Providingbackground informationon the home and having awell-maintained propertycan improve the chancesof a favorable appraisal.
(StatePoint) Before youdecide on a home im-provement project, it’s agood idea to learn whichones will help raise yourhouse’s value and recoupthe most money whenyou decide to sell.
From replacing yourfront door to adding adeck, there are manymidrange improvementsthat won’t cost a bundlebut will deliver greatbang for your buck. It’snot about spending themost money; it’s aboutimprovements that besthold their value.
The experts at “Re-modeling” magazine re-cently released their 28thannual Cost vs. Value Re-port, comparing con-struction costs withresale value for 36 of the
most popular home im-provement projects.When it came tomidrange projects, thereport found homeown-ers recouped the highestpercentage of costs onthese five improvements:steel entry door replace-ment, installation ofmanufactured stone ve-neer on home exteriors,garage door replace-ments, vinyl siding re-placement, and woodendeck additions.
“Making your homestand out from others onyour block and others onthe market is achievableif you plan wisely whenit comes to remodelingprojects,” says PhilWengerd, Vice Presidentof Market Strategies atProVia, a leading building
products manufacturer.“This year’s statistics in-dicate that moderatelypriced exterior projectscan significantly enhancehome resale values.”
This year’s analysis oftop midrange home im-provement projects pro-vided definite directionfor homeowners:
• Steel Entry DoorReplacement: The 20-Gauge Steel Entry Doorhas consistently deliveredthe best return on invest-ment for resale, holdingthe top spot in the
midrange product cate-gory since its debut inthis report in 2009/2010.The steel entry door isthe only project that, ona national basis, morethan pays back its invest-ment, typically recouping101.8 percent. At ProVia,for example, the com-pany’s Legacy Steel EntryDoors are a consistenttop sales performer.
• ManufacturedStone Veneer: A new
PAGE 14 PRESS & DAKOTAN ■ TUESDAY, MARCH 10, 2015
Though it may seemlike interior decoratorsare a luxury reservedexclusively for the richand famous, interiordecorators work withpeople of all budgets.Homeowners some-times wrestle with thepracticality of hiring adecorator, wonderingwhy they should spendthe money when theycan do the work them-selves. But just likehomeowners may hireprofessional electriciansor landscapers, hiring aprofessional interior
decorator can ensurethe job is done right,within budget and com-pleted within a reason-able amount of time.
Those who have al-ready invested quite abit of money into theirhomes but want to addsome finishing toucheswould be wise to hireinterior decorators ordesigners. Homeownersoften have no ideawhere to begin whenattempting to establishflow from room toroom in their homes.Decorators can help
homeowners tailor theinteriors of their homesto the homes producethe desired vibe.
Hiring a designercan help a person avoidmaking potentiallycostly design errors. Anaesthetically appealinghouse also can increasethe home’s value, set-ting a property aboveothers in terms of ap-peal. Even though thedesigner will charge afee, the investment maybe well worth the ex-pense when the room isdone right the first
HOME SAFE HOME. Call to get a competitive quote on your homeowners insurance.
Your dream is out there. Go get it. We’ll protect it.
300 W. Main, Irene • (605) 263 - 8282
American Family Mutual Insurance Company, American Family Insurance Company6000 American Parkway, Madison, WI 53783 ©2013 007383 - 6/13
Eugene Kocer AgencyAmerican Star Certifi ed AgencyExcellence In Customer Experience413 W 15th St, Yankton(605) 665-4231
35 HEATING COOLINGTINHEAAT
G & COOLI
35GNG
vina*S
CE PROPERTYMAINTENANCE LLC
CE Property MaintenanceFREE
“No job too small no job too big.”
CALL US TODAY!
Brian Gaulke605.660.4735
Chad Van Laecken605.310.1080
NANEAINTMORCE P
CENANTYRPEO NANEAINTM
ation estimatligno oby and we a local compane arW
enancey MainttoperrCE P
605.660.4735ian GaulkBr
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✳Insectscontinued from page 13
that like moistsurroundings. Removestanding water wheneverpossible to eliminate spotsfor mosquitoes toincubate larvae.
Natural remedies alsomay do the trick. Mint,bay leaves, catnip, andgarlic can repel insectslike roaches and ants.Citrus can be a naturalflea deterrent. Somehomeowners have hadsuccess plantingmarigolds around theiryards to serve as a naturalbug repellent because theflowers produce a scent
that many insects findrepulsive. Thai lemongrass plants also can beused to keep mosquitoesat bay.
Warm weather issynonymous with manythings, including thereturn of insects.Homeowners may be ableto treat unruly bugs ontheir own, but especiallyproblematic infestationsmay require the help ofexperiencedexterminators.
Redefine a space with an interior decorator’s help
Five top home improvementsthat raise your resale value
✳Improvementscontinued on page 15
Make the mostof your homeappraisal
■ MetroCreative Connection
■ MetroCreative Connection
■ MetroCreative Connection
time.Interior decorators
have numerous re-sources at their disposal.Fine tuned to the worldof design, they under-stand which trends willcome and go and alsowhich design ideas havestaying power. In addi-tion, decorators will bein touch with vendors inthe industry, connectinghomeowners with thebest of the best in termsof providing furniture,housewares, photogra-phy, and additional spe-cial touches that helpmake a house a home.
In addition to ex-pertise and resources,interior decorators haveeyes that will be trainedon things homeownersmay not have noticed oreven realized can bedone. A designer mayenvision removing aroom to create morespace or knocking a walldown to let more natu-ral light into a room.
Designers and deco-rators are trained tothink differently andspatially to achieve con-cepts homeowners maynever have envisionedfor themselves. Theycan help tell storiesthrough design and im-prove spaces immeasur-ably.
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