Many condos come equipped with cement ceilings, which makes it impossible to drill or insert lighting fixtures into them. For certain developments, plumbing and electricity may also be shared between tenants or neighbours. This can include water usage and drainage. For this reason, moving the location of sinks, toilets, baths, and showers could prove to be exceptionally difficult.
In some cases, it may be possible to extend pipes to your desired location. In regards to electricity, electrical work should involve the same precautions as plumbing. Do be sure to deeply consider the reasons for taking a project on, as living in a townhouse or condo development can definitely create additional layers of stress and pressure to an already complicated renovation.
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Typically, these rules require homeowners to get permission before making exterior changes. However, townhouse rules generally do not restrict what changes homeowners can make to the interior of the home, as long as the interior changes do not alter the building's exterior appearance. Local rules might require inspections or permits before and during the renovation process. Learn more. Already a member?
Sign in here. Access to timely real estate stock ideas and Top Ten recommendations. Learn More. Real estate has long been the go-to investment for those looking to build long-term wealth for generations. Let us help you navigate this asset class by signing up for our comprehensive real estate investing guide. If you live in a Homeowners Association HOA , diving into a renovation project may be more involved than you think.
Many homeowners are aware that HOAs require approval for exterior renovations to ensure compliance with the community's rules and regulations, but the fact that they may require approval for certain interior renovations as well can come as a surprise. If you want to tackle a home renovation but live in an HOA, learn what you can and can't do and how to deal with renovating a property with an HOA.
An HOA is a governing party that manages a residential community, run by an elected board of directors.
Monthly, quarterly, or annual fees are paid to the HOA to manage the day-to-day operations of the community, establish and enforce rules and regulations, and maintain shared areas like a pool, gym, or playground. The goal of the HOA is to improve property values by holding each homeowner to the same set of standards as outlined in the rules and regulations. We added a master bed and bath, and brought the laundry room to the main floor," Theunissen says. The project opened up a market.
Fair warning: Adding a bathroom may sound like a good idea—Isn't the number of bedrooms and baths the first thing people want to know when they see a house listing?! Upgrading or expanding the living room—or knocking down interior walls to create an open floor plan—are common renovations. These projects create the open spaces that are popular in newly constructed homes.
Remodeling magazine says new wood decks are one of the best projects for ROI at His advice for deck makeovers? Improving the structure is one of the most inexpensive improvements, and then you can spend your money on materials, lighting, stairs, and other improvements.
Fact: First impressions matter, even when it comes to houses. Projects that spruce up your exterior can really run the gamut in pricing. Common upgrades include landscaping, lawn care, replacing the garage door or front door, and cutting back shrubs—and those enhancements are worth it.
Roughly 94 percent of Realtors encourage sellers to improve their curb people before listing their home. They want attractive outdoor space. They might want to personalize their kitchen or bath, but nice-looking outdoor living space is something everyone can agree on.
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