Remodeling your home can be exciting and can also be an investment in the future value of a home, but it can also be expensive and intimidating. How can you make the process of remodeling your home easier?
This article outlines the factors you should consider when thinking about remodeling your home.
Here are some steps to remodeling your home:
1– Getting Creative
Make a list of ideas and inspiration for what you would like your home to look like. Know what you want to change and have a vision of the outcome you wantfor your home. It is important to know what you want before you start talking with designers, architects, and contractors. Do some research of your own whether it be looking online, purchasing magazines, or visiting hardware stores.
What style do you want your home to have? Why are you remodeling? Is it to increase the value of the home to sell or are you remodeling for personal reasons?
If you are remodeling intending to sell the home in the future, what style/design are you better off sticking to for the future? For example,if you want to sell in the future, what design would your home benefit from the most? What remodeling is worth the investment? This can be hard to determine, so speak with realtors about current trends to see what is currently popular or what will help increase your home’s value.
2 – Identifying How Much of Your Home Should You Remodel according to Your Budget
The kitchen, bathroom, living room are all places that can add value to a home. They can also make living in the home more comfortable and attractive for you and your family while you are still there.
Pro tip from Sacha Ferrandi, a real estate expert and founder of Texas Hard Money and Source Capital Funding “Remodeling your home can increase its real estate value down the line. A roomier kitchen or a bathroom with more sunlight can make a home more aesthetically pleasing. A home with solar panels means that you or future owners will have lower electric bills, which increases its upfront value”.
Get different remodel options and estimates of what value they can add to the home when you do sell. While you can never be 100% certain what the end value will be, it can give you an idea of what changes will give you the most bang for your buck.
What is more important for you to remodel? The tiny kitchen that you dream of being larger with an island in the middle or the bathroom with shiny floor tiles, a huge tub, and skylights? List your priorities and what you would like to get done.
If you are remodeling purely to increase the home’s value, for future renters figure out what a remodel will cost and then get estimates as to how much the remodel will potentially increase the value of the home. You must speak with experts to know what remodeling ideas are best staying away from.That will tell you what will give you the most bang for your buck.
3 – Setting a Budget
Remodeling is expensive so make sure you can afford the vision you have in mind.
Set a budget that is smart and won’t break your bank account. What can you afford to pay per month and for how long can you afford to pay for that? This will give you an idea of what changes you can afford to make.
If your budget does not cover what you had in mind, take the time to see other options that will fit your taste while staying within your budget. Architects and designers will have many different remodeling options that they can show you. Let them know what your budget is what you ultimately want to achieve, and they can show you options to help you get there.
What remodeling will save you money in the long run: adding more natural light to your home (bigger windows, skyline, light tube). This can help save you money over time, even before you sell the house.
Think of appliances, electrical work, installing costs, and of course what you are willing to spend on professionals making these changes.
4 – Hiring a Professional vs Doing ItYourself
Create a list of things that you know you can do yourself.
The more you can save the better, but don’t attempt to try to do everything yourself.
Small changes like putting in new LED lights or installing a cabinet, you can usually do yourself with a little help from professionals at stores like Home Depot.
That being said, while it is cheaper to do some of the work yourself, if you have not had experience with things like carpentry, installing electrical cables, or plumbing.
Pro tip from Wesley Ward, a marketing expert for Hausera; an online kitchen and bath professional:
“often people find themselves spending more than what they initially planned, with a bigger mess trying to do things on their own.it will probably be worth paying extra for a qualified individual. they know how to get the job done quickly and how to do a quality job.”
The more research you do, the more likely you will find the perfect team to work with you while staying within your budget. There are experienced individuals out there that will fit your budget so do not get discouraged or overwhelmed when needing help. A great example is shown below, by Hausera. Offering to give your home the look you desire with a budget that is right for you. Do not go about doing things yourself that might end up costing you a bigger fortune.
From the big re-construction stage to the final decorating phase. If you can decorate yourself, you will save money than hiring an interior designer to decorate your home.
Remodeling a home is a great investment for the future, but it is expensive, and you want to make sure that the end product is something that you will be happy with. Take the time to know what it is that you want to change, know what the end goal is (i.e. more natural light, a roomier kitchen) as well as how much you can afford to spend on a change. This will help a designer or architect give you options for helping you reach those goals.
Also, know what you are comfortable doing yourself and what you need professional help for. A remodel is an investment in your future, it’s worth paying a bit extra to make sure that the work is good quality!
About the author: Karina Mojica is a contributor editor for 365 Business tips. From sunny Los Angeles; California State University Dominguez Hills she made her way back home to beautiful San Diego. She has a degree in Marketing, with experience in interior design, and social media marketing.