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If you’re considering renovating your Tennessee home this fall, then you have probably spent lots of time looking for inspiration for the remodel before you start the project.
You have probably also considered the value that you might add with your renovation, but have you really considered all of the things that you need to think about.
Most online resources and educational materials on house remodelling would tell you to budget your project. Not to mention they would also tell you certain things to consider and avoid.
The truth is, however, most of the jargon online will not tell you the nitty-gritty of remodelling projects.
Well, we know it, and that is why we are here to help you. Keep reading to find out some of the commonly ignored aspects of home renovation projects.
First things first, there are several permits needed for a home renovation project.
As long as you are not making drastic changes to the floor plan or the design of your home, you might not need one.
But, if you’re planning to make some significant changes to your property, it is better to be on the safer side.
In short, you should learn and apply for any permit before renovating your home.
For instance, if you plan to add more floors to your existing property, you might need to get an additional floor plan approved by your county office.
Likewise, if you’re planning to add a gas-operated boiler to your home, ensure it is in compliance with the local laws.
Having pre-approved permits for such renovations would help you steer clear of any legal issues in the future.
Now, this one is the most commonly ignored aspect of any home remodelling project.
Consider this – during any remodelling or renovation, a lot of solid wastes and debris are generated.
Dumping out this junk in the open will harm the environment and perhaps invite legal actions against you.
So, you need to consult and hire a Dumpster Rental Nashville, TN, to manage all the garbage.
The dumpster service would ensure the safe disposal of the waste in an environmentally friendly manner. And also protect you from any legal actions in the future.
Most remodelling projects will add up more to your taxes. The reason being, any addition to your property is regarded as an upgrade. And upgrades add value to your property when you plan to sell it.
It is, perhaps, better to be sure of the returns that you may get on your investment.
For instance, a simple bathroom remodelling can add up to 16% to your property’s value.
This 16% increase would subsequently increase the taxes that you will need to pay.
It is, perhaps, better to enquire about the tax implications of the renovations that you make to your property.
Last but not least is to consider your insurance coverage.
Ideally, your homeowners’ insurance should cover the structural damages to your property. And in case you have comprehensive insurance, it may also protect the contents within.
However, if you take up any remodelling project, especially structural remodelling, it should also change your coverage.
Meaning, you should enquire about your insurer before taking up a remodelling project about any changes in the premium or the coverage.
A remodelling project is sure to add value to your property. But at the same time, it will also consequently affect your legal and financial obligations.
So, before taking up a remodelling project, make sure you are through with everything in concern. And make a well-versed decision. After all, your home is your most precious asset.
Welcome to Birds and Lilies! I'm Lou: mother, blogger and freelance writer. This is my lifestyle blog, where I talk about motherhood, infertility and IVF, beauty, my love for food and wine, as well as my thoughts about stuff, and our real-life and travel adventures.
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