Remember when you first bought your house and you loved it? Maybe you bought it and thought, “I love it, but I don’t like the cabinets.
Someday I’ll remodel.”
Is that someday today?
There is nothing wrong with remodeling a home. In fact, there are many good reasons to remodel. However, there are aspects of a remodel that you really need to consider before you start. A home renovation is not joke and doing it right is crucial for your personal enjoyment and future financial stability.
Why Are You Remodeling?
Are you remodeling for your personal enjoyment or are you doing it to improve the value of your house? Either reason is fine, but it will change the way you need to approach the remodel. If you are going to be in your home for the next thirty years and you want something that compliments your personal style, go for it. But if you are remodeling to improve the value of your home to sell it, you may need to consider remodels that are more consistent with what current buyers are looking for. Talk to a home designer or realtor to get tips and advice.
What Needs to Be Remodeled?
Sure, you want new kitchen cabinets and granite countertops, but is that what you need to focus on first? If you have an old house that leaks heat and energy through 60 year old windows, your stunning new kitchen won’t get you very far. Remodeling costs money and it’s yours to spend as you wish, but before you go for the ascetic upgrades, consider if there are more important functional upgrades. Trust us, if your intent is to market your home, a buyer is going to be much more impressed with a new water heater, energy efficient windows and new roof than with a top-of-the-line Lazy Susan.
Are You Looking for Form or Function?
Go for both. If you are going to model something inside your house like a kitchen or bathroom, make sure that it looks good and is functional. We can’t tell you how many times we have been in homes that just remodeled only to find a utensil drawer that can’t open properly due to a bad angle that sends it right into the edge of the stove. That’s really bad.
Make sure that whatever you do, it is both pleasing to the eye and works the way it’s supposed to!
How Will a Remodel Affect the Value of My House?
Even if you aren’t looking to list your property, you should consider a remodel that will improve its value. It only makes sense. However, what a lot of people don’t understand is that you never get a dollar for dollar value in your remodel. Meaning, if you spend $30,000 to a new kitchen, it doesn’t automatically increase your home value by $30,000. There are even instances where your remodel can be so extravagant it actually will lower the resale value of your home (ask us and we’ll tell you how)!
Materials also matter. Cabinets that look great are one thing, but if they are made out of string cheese, that poor quality makes a difference. Factor good material costs into your overall budget before you start the process.
It’s best to consult with both a contractor and a Realtor before you start your remodel to see how it will impact your home’s worth.
Work with a Team You Trust
How many horror stories have you heard from friends of family of remodels gone badly? Contractors leave in the middle of the remodel, prices sky rocket, things get ruined. . . and the list goes on. Always find and work with people whom you can trust to do a good job. If you need references or help, please contact us to discuss what you’re doing and how it will impact your future.