When you are contemplating a home renovation, it is important to first sit down and decide certain things. Little House on the Corner recommends, instead of just dreaming of all the wonderful new features you can add to your existing home, like a cascading wall of water in the bathroom or a game room with a bowling alley, it is a good idea to decide upfront what the scope of the project will be. Once the project is formulated, then it is time to begin the planning process. Careful planning and faithful execution comprise the backbone behind the basic components of a solid home remodel.
Why Renovate?
There are many good reasons to renovate your home. You may want to increase your own personal comfort for the time you spend in the home. Fletcher’s Plumbing & Contracting says, “there are many ways homeowners can improve the value of their home, but one of the most effective is a home remodel. Whether you are thinking about selling your home in the near future or simply want to improve your current living space, a remodel is the perfect way to bring more value to your home.” There may be areas that need repair or require work in order to be safe. Adding new functionality like another bathroom or a new deck is another common reason for a renovation. Repurposing existing space can also be a renovation, like like turning an unfinished basement into a mother-in-law apartment. Or turn your walk-in closet into a personal library. Include a comfortable reading chair and good lighting, and turn that closet into a space where you can escape into a book. Once you have determined the reason for renovating, then other considerations can come into play.
What’s the Return Value?
While it is tempting to steam ahead and place every new feature and functionality into your remodel, it is best to decide in the planning stage exactly what areas you want to renovate, how you want to renovate them, and how the renovation costs translate into home value. If the renovation is for reasons such as convenience or safety, then the future resale value may not be as much of a consideration as the benefit of the renovation. However, you should still factor in resale value for comparison purposes. If the goal is to facilitate the sale of your home, then a remodel is the perfect way to bring more value to your home. According to Rules of Renovation Reviews, your objective in renovating your home should be “to match the quality of other similar houses in the neighborhood. It’s okay to go a little bit above, because you want your house to stand out and be more appealing than the others, but it’s a fine line to walk because you still want it to fit in and hover in the same price range.
Do it Yourself or Hire Professionals
Now that you have decided on the renovations that you are going to do, it is time to think about what part of the work you will be doing yourself and what part you may hire others to do. Any work that you can do yourself will save money, but some tasks are best left to professionals for safety reasons. Also keep in mind that different remodeling companies specialize in different things — what worked for your friend might not work for you. As Rea Pro Construction puts it, “Whether it be in materials, services, or experience, each home remodeler brings something different to the table.”
A home renovation is a concrete way to add value to your home and to your life. When it is finished, you will enjoy the new look and the new conveniences. And if you are selling your home, you will appreciate how the increased value will help in the sale.
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