You may come to a point in your life where you feel the insatiable need to remodel and renovate your home. There are plenty of great reasons to renovate, too. It can increase the value of your home; it can help modernize the property. A remodel will also help you fall in love with your home all over again.
However, it’s not as easy as waving a magic renovation wand and enjoying an immediate change. Renovations can be stressful, expensive, and frustrating. So, before you get started, don’t forget to consider these five essential things.
Do You Have Enough Space Already?
Many people will consider a renovation because they are not making the most of their existing space. The more you live in a home, the more stuff you accumulate, which will clutter up the house, making it feel small and claustrophobic.
Before starting a renovation, take the time to throw out and donate items that you don’t need anymore. You might discover that you had plenty of space all along, you just weren’t making the most of it. This will prove you don’t need to renovate right now, and you can consider different ways to maximize your existing space before you do anything else.
Is a Renovation Necessary?
You shouldn’t renovate just because, but there are plenty of people who will follow this line of thinking. People get bored with their homes, and they believe that renovations are often a more feasible idea than moving. They’ve got a point, but this doesn’t always mean the renovation is necessary.
Suppose your family is growing or you are accommodating other people, such as your children’s partners or an older family member, or you need to make essential repairs. In that case, you have a genuine reason for renovating. However, if you’re doing it just because you feel like it, you may want to wait a while and see if you still feel like renovating in a few months.
Can You Afford It?
Cost is always something to consider when planning a home renovation. Depending on the size and scale, it could cost as much as $73,000. You don’t need telling that this is a significant investment, so you must ensure you can afford it before following through.
Hopefully, you have some savings that you can dip into, or the workers will allow you to pay off the renovation across several months. You can also consider debt relief schemes, which can provide financial freedom. The Debt to Success System is legitimate and a popular way for people to get into a strong financial position to afford a remodel.
Will It Increase Value?
Increasing your home’s value is one of the primary reasons people will carry out a remodel. If the remodel won’t add value to the home and doesn’t offer a practical change, then is there any point in doing it? Not really.
A remodel is useful for traditional homes that require a modern upgrade. You’ll see this with smart home installations, window upgrades, or kitchen remodels, and they usually make the home more energy-efficient. There are more significant upgrades that can increase the value, too, including a swimming pool or an attic conversion that increases the livability of the house and makes it more attractive to potential buyers in the future.
Do You Have the Time?
There is no set timeline for home renovations. Some can take a few weeks, while others can take months, depending on what needs completing. This is an important thing to consider before you start. While you might think you can handle your home being a building site for the next couple of months, you may not feel the same way after a few weeks.
Furthermore, you might want to take a vacation, but not want to leave your home at the builders' mercy, even if you mostly trust them not to snoop around. While contractors will give you a timeline of when they will finish the project, they might also go past this because of an issue sourcing materials or being unable to work in bad weather. Regardless of how long they say it will take, always add a couple more weeks, so you’re not shocked when it isn’t completed.
Investing in home remodeling and renovation can come with a wide range of benefits and transform your home into the place you have always envisioned living in. Like any big decision, though, it can take plenty of time and plenty of money to make it perfect, and it’s almost certain there will be several hiccups along the way. If you consider these factors before making any significant decision, you can bring your renovation with more confidence and clarity.
CANDY TAI is a wife to David and mom of 5 with a degree in Communications. She's a native Texan (Hook 'Em Horns!) who's been making her home in the Kansas City metro area for nearly 15 years. She loves being able to shuffle her kids from their various sports activities, piano lessons, and school activities. She enjoys fashion, beauty, reality TV, and moviegoing.