Adding Value to Your Home with a Bathroom Renovation

We spend a lot of time in the bathroom, and this is why you should not be afraid to invest some money in bathroom renovations. The best thing about this investment is that it will pay off when you choose to sell the house. Here are some ways you can add the value of your home with bathroom renovations: 

1. Increase Space

Bathrooms are usually very small. You can increase the resale value of your home by extending your bathroom slightly. However, be careful not to reduce the space in another room as you try to widen your bathroom since this could actually hurt the value of your home. In many cases, you will not necessarily need to physically extend your bathroom walls. You can simply rearrange the items in the bathroom to create more space. You can also set up a new bathroom in a separate part of the home.

2. Increase Storage

You should also consider increasing the storage space in your bathroom. Bathrooms usually have a lot of stuff to store, and all of them should be kept in a neat and decluttered way. One way of increasing the storage space in your bathroom is by installing a corner cabinet. This cabinet should be used to store toiletries and linens. You can easily install new cabinets in your bathroom on your own. You just need to attach it to the wall studs, and then finish the process by moulding the floor. If you don’t want to bother with the installation process, you can use ready-made storage units.

Another alternative would be to build
cubbyhole shelves. The empty spaces between the wall studs can be used as cubbyholes for your shelves. In many homes, these shelves will not be very deep because of the items on the other side of the wall. However, you can still save space by storing some of your items on the shelves.

3. Improve the Lighting

You can consider expanding your window slightly to let in more natural light. At the same time, the room will receive more air flow and will be considerably more comfortable. Besides the windows, you can adjust the mirrors and light fixtures to create an illusion of warmth and space. Your bathroom should also have dimmers since users should have the capacity to adjust the lighting to their preferred level. Essentially, the bathroom should be relaxing and spa-like.

The first light fixture you should consider is the ceiling-mounted or recessed lighting overhead. This is meant for general illumination of the room. Above the mirrors or sconces, you can add some task lights that will illuminate the vanity area. Your task lights should always be symmetrical so that the vanity area is evenly lit.

4. Install a Second Sink

People who have had
two sinks in their bathrooms always find it challenging to live with a single one. This is why homes with two sinks are priced higher than those with single ones. If you and your spouse have overlapping schedules, the second sink can save you a lot of time. You will be surprised to learn that you can install a second sink without having to get a new drain. You may not even have to hammer through your bathroom wall. It is worth noting that if you are creating a new vanity area, the new sink will need a new drain.

A second sink can raise your property value, but you should be careful not to reduce the storage space significantly. A new sink will reduce your counter space, and the extra plumbing underneath will also reduce storage space. It is important to factor in your storage needs before you install a new sink.

5. Modernise Your Shower

If you live in an old home, it is likely that your shower is outdated. You can start by changing your showerhead. Modern showerheads come with many different settings that can make your experience in the shower relaxing. You should also change the curtain design to give your bathroom a personality. Besides the curtains, you can install a screen or sliding glass door. Such improvements are affordable and will pay off when you sell the home.


The state of the bathroom will hurt or raise the value of your property. For this reason, you can consider making the renovations mentioned above.

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A Simple Guide To Streamlining Your Business Processes

Streamlining your business processes is a necessary factor in ensuring that your employees, as well as your clients, are happy with the performance of the company and that your available resources are being used appropriately. This article will provide a general outline of what you, as a business owner, can do to to change your practices and run your company more efficiently with tools, such as virtual data rooms, and the practice of outsourcing certain projects.

Thoroughly Evaluate Your Current Processes

The best way to really understand what is eating up your time and finances with regards to your business is by having a good look at your current processes. Your employees are only as efficient as the rules placed around them and their roles, so consider scheduling regular meetings where you and your team can map out these processes, uncover any issues within them that might be making employee’s work more time consuming than necessary, and consider any alternatives you might have available to you.

It’s important to dive into the evaluation with great detail so that when it comes time to change these practices you will have an intricate plan prepared for implementation that is seamless and won’t affect your day to day operations.

Rebuild These Processes

Once you have sat down with your team for a few sessions, thoroughly mapped out your current processes and uncovered any problems or difficulties within them, then it’s time to rebuild these processes. While it might seem fitting, as a business owner, to do this on your own, having the employees that are involved in these processes on a daily basis are an asset when it comes to recognizing what will work better going forward and what will make their role less time-consuming.

Implement these changes in stages so that you are better able to see when something may or may not be working and remove it or progress with it sooner, rather than later. Each stage of analysis and implementation will get you closer to a process that is smoother and less of a burden on your business’s resources.

Reduce As Much Paper As Possible

If your business is generating a fair amount of paperwork it is important to ask yourself and your employees what the purpose of it is and what value it adds to your processes. If there is no tangible reason as to why physical documents are being created, then its time to execute change. Begin by converting all your documents and folders into digital copies so that they are easily accessible from employee’s computers and then be sure to store them on a secure online platform, such as a data room. By using this type of software rather than generic document sharing services, you can rest assured that all your information is stored securely after upload and can be efficiently organized and shared for a variety of transactions. 

Hire Contractors

           An easy way to save on a bit of your overall budget is to use contractors for different temporary projects. Rather than hiring new full-time employees to revamp your social media pages or redesign your main website—a role that might not be necessary all year round—find some contracted talent to help you whenever you do need these momentary projects completed. Not only will this save you money by not adding an entirely new salaried employee to your team, but you will also avoid the confusion that might arise if two employees are doing the job of one. The projects worked on can also be stored and shared in your secure virtual data room so that your contractors can work remotely and your employees can access the data whenever necessary. Cut down on a bloated team and really determine if every role is worth the resources being used to support them.

Create A Comprehensive Website

Confused or inquisitive customers are a common reason as to why your current processes might not be running as effectively as you hope they would. You might have a few employees that are stuck answering phone calls from irate or perplexed clients, spending less time on other aspects of their role in order to answer questions that should be readily available on your company’s website. In order to reduce the volume of client calls, consider redesigning your website to showcase an FAQ page or adding more detail to the overview of your business and its services.

Your clients should be able to visit your site and leave with less questions than they entered with, left only to decide whether or not they want to partner with your company. Don’t underestimate the importance of an aesthetically pleasing and clutter-free website—it can determine the overall efficiency of the rest of your business processes.

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What Costs Should You Prepare For Before Selling Your Business?

Selling your business isn’t a process that should be taken lightly; there should be consideration toward various aspects before you move forward with a deal. Before you decide on selling, be sure to understand the costs that will be accrued throughout the transaction and whether or not you are financially prepared for them. Below are a few of the fees you will encounter during your M&A deal and what they can mean for the success of it.

Firmex and Divestopedia have recently released their M&A Fee Guide for 2018-2019 that goes into detail about the various fees encountered during M&As through the participation of advisors in the field.

Paying Off Company Debt

           A qualified buyer is not going to want to invest their time and money to acquire a company that already has its own debt. Unless already agree upon, the buyer will not take on your debt and so you will have to pay it off yourself. This can drastically affect the price of the deal depending on the amount of debt you have; it will be taken off the total amount you are selling your company for and can bring it down significantly if you have a large amount of long-term debt. Keep that in mind prior to looking for a buyer as you may not be receiving as much as you expect for your business later on down the line.

Success Fees

           Your costs don’t necessarily end when the deal is closed. Success fee structures are implemented for when a deal is successfully closed, to be paid to your investment bank. A percentage of your company’s enterprise value is based on the completion of the deal and should be prepared for prior to the initiation of it. However, the business owner is not the only affected party in the success fee structure—the investment banker risks not getting paid if a deal isn’t completed. This fee is meant to put the investment banker and the business owner on the same page and align their interests as they progress into the transaction.

Break Fee

           Alternatively, a break fee is paid to an acquirer if a contract is not completed or if a company terminates the M&A prior to its expiry. An M&A deal takes a lot of time and effort, and so, a buyer wants to be sure that they are not wasting theirs if you decide to end a deal before the contracted time period. It is very optimistic to believe that there will be a clean break if you change your mind during an M&A; a break fee is there to remind you to be sure of your decision before embarking on the arduous process.           

Your Team’s Fees

           An M&A Data Room deal cannot be completed all on your own; you need to cultivate the right team in order to assist you through the process and ensure that all your bases are covered in the case of any unforeseen issues or circumstances. With a skilled team comes additional costs and fees that you should be prepared for before you decide to sell your business.

Lawyers: Lawyers are there to keep you and your business safe throughout the M&A and can charge you a hefty amount to do that. However, without them you can risk running into murky waters when signing contracts for the stipulations of your deal.

M&A Advisors: Your advisor is there to guide you through the M&A process. They can also help source potential buyers for your business and decipher which ones are best suited to your company’s market. M&A Advisor (Investment Banker) fees can vary, but you should expect to pay around 3-10% of your transactions overall value.

Accounting Firms: Much like the above professionals to have on your team, an accountant is there to help you through the M&A with as much knowledge and success as possible. They will help you keep your finances in order and any other aspects of the process in check as you progress through the deal. Their fees are typically in the same range as lawyers.

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Permasalahan Dapat Berhasil

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 Ingat bahwa siapa kamu berprofesi sama pentingnya dengan pekerjaan yang kamu lakukan. Siapa pun yang mencari pekerja yang akan berbahagia bekerja untuk uang bukanlah tipe perusahaan yang berkeinginan kita geluti. Carilah seseorang atau perusahaan yang membayar secara adil, perlakukan pekerja dengan bagus dan hormati kamu.

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