Page 26 THE VILLADOM TIMES I • March 23, 2011 ����������������������������� (ARA) Maybe you’ve watched one too many home improvement shows. Perhaps you’re still stinging from that holiday guest’s comment about how your kitchen countertop has seen better days. Then again, maybe you’re just really tired of the same old, same old every day. Whatever the reason the remodeling itch has settled into your brain, before you bring in a contractor - or pick up a hammer - you should consider two important questions: How will you fund your project? Perhaps more importantly, will it be worth it in the end? A little research and credit self-assessment can answer both questions. In addition to pulling your credit report to see how likely you are to qualify for good loan terms, you should consider the potential resale value of the improvement, how it will improve your life, and if it will enhance Is your home-renovation project really worth doing? your enjoyment of your home. Fortunately, it’s not difficult to evaluate the potential resale value. Kitchen and bathroom remodels, adding a deck, or finishing a basement or attic are all popular renovations because they upgrade the most-used rooms in the house or add living space. In terms of resale value, here are some popular projects with high paybacks, according to Remodeling Magazine’s 2009-2010 Cost versus Value Report: adding an attic bedroom, 83.1 percent; adding a wooden deck, 80.6 percent; minor kitchen remodel, 78.3 percent; major kitchen remodel, 72.1 percent; basement remodel, 75.4 percent; and bathroom remodel, 71 percent. Keep in mind that smaller remodels, which cost less than major jobs, can still have a significant impact on how your home looks and feels. For example, simply replacing that old front door with a steel version can cost around $1,000, but offers a return on investment of nearly 129 percent, according to the report. Another factor to consider when weighing the value of any remodeling project is how it will affect your quality of life in terms of financial security. It’s important to be sure the cost of the project won’t be a financial burden that detracts from your enjoyment of the results. To help understand your current credit status and how it might affect your remodeling loan terms, obtain a copy of your credit report. Obtaining your credit report and monitoring your credit can help you identify any inaccuracies or errors that might lead to higher interest rates, and you’ll be able to catch and resolve potential fraud quickly. Experts agree that remodeling projects will likely 3-2-11 karen/janine HomeImpDecBanner6x 6 x .75” �������������������������� ARA remain popular as homeowners continue to stay put in a still-sluggish real estate market. With some careful planning, budgeting, research, and credit insight, you can ensure you reap the most financial and personal value for whatever renovation you decide to undertake. Majka Railing Company ������������������������������������� ���������������������������������������� ������������������������ �������������������� ��������������������������� ���������������� ���������������������������� PLEASE TAKE MY HUSBAND ! Need someone to help tackle the honey-do list ? Mature local resident can work on anything from cars to faucets. No job too small. If you are looking for a responsible individual to help you around the house … We Manufacture • Sell • Install Colonial Style Aluminum Railings Powder Coated Finishes 3rd Generation Serving NJ Since 1964 Custom Aluminum Railings Free Estimates/Fully Insured ������������ 1-800-956-6255 Lic. # 13VH00307700 �������� ��������� ����� ����� ���� PLEASE CALL MIKE AT 201-327-3255 �������������������������� ��������������������� Keeping Families Warm TRIPLE A HOME IMPROVEMENTS GENERAL CONTRACTOR 3-16-11 joan/janine Since 1929. MajkaRailing2x2(3-16-11) 2 x 2” Serving All Your Home Heating Needs Prompt, Reliable Service You Can Depend On, Plus The Personal Attention You Deserve. • Oil Heat Systems Serviced & Installed • Automatic Fuel Oil Deliveries • Tank Insurance Available Roofing • Siding • Painting • Kitchen Bathroom & Basement Renovation Residential & Commercial Cash ts Discoun il O On Heating s eliverie D 24 Hour Emergency 201-891-1000 Service ����������������������� 201-444-3097 • Cell: 201-674-0725 New Customer Discount - 15% OFF Free Estimates Licensed Contractor