Month: November 2014

Having some extra space within your house is always a great idea and it is an obvious requirement as well as in the present time. With the increasing number of the family members, added space in the house is always necessary because it is not always possible for everyone to purchase a new house. This is why room addition is the option which will complete two needs in one deed. But it is not as easy as it is seemed most of the time. Moreover, you cannot ignore the financial as aspect.

Adding extra space or a new room in the house needs money. People, who have bought their home from someone, feel the importance of addition the most because this way they can built their house the way they want.

Now the question is why one should choose this time for room addition in their house? In most cases it is seen that when the home equity loan rate drops, home owners start thinking about all kinds of home renovation or addition services. And considering the present condition of the remodeling industry in the USA, anyone can say that this is the best time for investing. After a 5 to 6 years long downfall in the remodeling industry, the demand is gradually increasing among the homeowners. A number of companies are offering great offers and discounts to strengthen up their client base. This is the perfect time to accomplish your project.

Apart from offering great space and advantages, home addition is always a terrific investment, made by the house owners. The outcome of the project can bring satisfaction to the entire family. Other than that, it is also a great option for increasing the resell value of your houses well. However, before starting the project or jumping into any conclusion, you need to be conscious regarding few things.

Recent market value of home in your area: This is an important aspect to take a note of. You have to be aware about the latest happenings of the real estate world in your locality. You obviously would not want to spend lump sum money when you know that the resell value of your house will not recover you that money. Say for example you spend $50000 for the room addition but you know that this addition will increase the resell value of your house by $25000 only. But if your intention is not to resell the house in future, you can spend according to your capability.

Financing: This is another important aspect that you need to take into account. You need to be aware that how much a room addition will cost you. If you think that you are not ready to spend that money by yourself, you can give equity loan a thought. And for this reason, you have to know the terms and conditions of the banks or financial organizations. Moreover, you have to have a complete knowledge of the costs offered by the remodeling companies.

Home addition plan and design: This is another very crucial aspect of a room addition project. You always consider your requirements. Why you need to add an extra room or extra space in your house is an important question you need to ask yourself. It is quite prevalent to get carried away with the thought of a large room or space addition but in that case if you stick to your requirements, you will less likely to make a mistake. And in order to design the addition, you better rely on any professional designer. You can always express your views and requirements to the designers but it is always better to leave this job to the professionals because they know all the aspects of design. And you should also make sure to maintain the design and aesthetic of your house while planning for the addition.

Duration of the project: You need to set duration of the project by talking to your designers and remodelers. This will help you and your family to make a proper planning for all stages. You may opt for a house change during the project, and if you have proper idea about the duration, you can plan your stay. Obviously there can be changes in the duration according to the progress of the project but that can be managed. And you have to be a bit flexible with all these things.

Professional contractor: Room addition projects may look simple but if you don’t have enough experience, you better not try that by your own. It is seen in many cases that over confident people start the job by their own but end up messing up the whole thing massively. And at this point of time they left with little to no choice but to go to the professional remodelers. This cost even more to them. So get the assistance of the professionals from the beginning this will help you complete the project successfully. And to speak the truth, there will be not much difference in the cost.

Once you are decided with all these things and aspects, you need to consider hiring a renowned remodeling contractor. There are a number of them available but not every contractor has same amount of experience. So, you need to research well about the companies before fixing the deal.

If you are looking for a company that can provide you excellent room addition service in LA then obviously MDM Custom Remodeling Inc. would be a great option for you. This is one of the most well-know remodeling companies that has been offering its service for many years. The experienced workers and engineers of this company will always make sure to successfully accomplish your project. The workers of this company are also very experienced. If you want to make the most out of your investment, this is the right option for you.

The remodeling industry in the USA is gradually getting back to its normal position. After years of downfall, this industry is turning back and is going to make new highs. According to various reports and surveys, Americans are showing confidence in spending a lot of money in the remodeling projects. This clearly means that they are emphasizing in the long term impacts rather than looking at the immediate weakness. And this time house owners are showing interest in partial remodeling of the house. This is a much convenient solution according to many since remodeling different parts of house one at a time is very cost effective. The most preferred area of the house for remodeling is bathroom. Home owners are spending a lot of money in renovating their bathroom.

There is no doubt that this is a very good sign for the entire remodeling industry. Even the experts are talking positive about this industry. According to the reports of the U. S. Census Bureau, in the year 2013, $130 billion has been spent by the house owners for remodeling purpose and most of which was for bathroom remodeling. This figure is 3.1% higher than the figure of 2012. And this is the highest investment figure in this sector since the year 2007, the year when the downfall in the remodeling industry began. This has even caused a rise in the numbers of permits for remodeling jobs which 5.1% more than the year 2012 (source of the information: The Wall Street Journal).

House remodeling industry is a big and long term investment. Though, there are some disagreements about calling remodeling as an investment among many people. According to the figures and statistics managed by the Joint Center for Housing Studies at Harvard University, the business of remodeling had reached to its peak in the year 2006. The investment figure in remodeling in that year was a staggering $145 billion which is so far the highest ever investment. But the way house owners are showing confidence in remodeling, it will not be a mistake assuming that in this year the remodeling industry will make a new high in terms of the investment. A healthy market and rising cost of remodeling projects are indicating in that direction. And above everything all, it is clear that people are feeling confident in spending money for remodeling.

There is a hell and heaven difference in the remodeling market of 2010 and 2014,” said Tom Drake, the chief executive of a reputable remodeling company based in LA. He also added, “We are experiencing a massive increase in the remodeling projects. We have dozens of projects pending in the pipeline and majority of which are bathroom remodeling. House owners of LA are now showing great interests in remodeling their bathroom. We are even getting call from our old clients.” The scenario is more or less same for every reputable remodeling company.

Basically two types of house owners are there who are willing to start a remodeling process. The first category is for those house owners who are starting remodeling for maintaining the safety of their bathroom or their entire house. It goes without saying that remodeling is a very convenient and effective way of maintaining the condition of any house. It is also a value for your money way out. And the second category represents house owners who want to provide a new look to their bathroom or to their entire house. There is no doubt that majority of the house owners prefer remodeling when it comes to change the look of their house than looking for a new house. Moreover, it is not always possible for anybody to buy a new house.

This recent boom in the remodeling industry in the USA is definitely a good sign both for the house owners and for the contractors as well. While in one hand this will bring in more competition among the service providers which will ultimately help the house owners. And on the other hand, service providers will also be able to make their profits since the work volume is very high. If there is any negative aspect of this recent flourish in the remodeling industry then it is only the increasing number of unauthentic service providers and faked contractors etc.

Robert and Melissa, a married couple from LA were planning for a bathroom remodeling and for that reason they contacted a remodeling contractor after watching an advertisement in the newspaper. In their rush to finish the project quickly, they didn’t bother about gathering proper information about the contractor. This led them to a massive disaster. Within just four and half months after the renovation, they found that the project was completely a waste of money. And the problem is you will not be able to make contact with such contractors once your project is done.

In order to save yourself from such cases, I have short listed some questions which you must ask to your remodeling contractor before confirming the deal. Here are these questions:

  • Do you have the license to work in this state or to work as a remodeling contractor?
  • Do you carry the liabilities of the workers compensation and insurance related concern?
  • What kind of warranty do you provide on your work?
  • What will be the duration of the project?
  • What will be the process of contacting once the project is done and what kind of services to expect after the completion of the project?
  • How long have you been associated with this business?
  • Do you have any reference of your previous projects or do you have any testimonial?
  • How the price of the project will be decided, will it be a fixed price or it can be changed according to the demand of the project?
  • What would be the payment procedure?

If you are looking for a positive response of all these questions, if you are looking for a remodeling company in LA that can handle all your concerns positively then you must get in touch with Mike Mizrachi, the Project Manager of MDM Custom Remodeling Inc. It is one of the most reputable remodeling companies situated in LA and has been providing remodeling service for many years. During this long period, Mike and his team has accomplished thousands of successful remodeling projects. If you want a hassle-free and successful remodeling of any particular part of your house or the entire house, MDM is the perfect alternative for you.