Everyone’s doing it. If you’re not now, you will be soon. Or maybe you have in the past. And if you haven’t tried it yet, you’re in for a wild ride. It’s home renovations.
Increasing value to a home is the most important thing you can do for future financial success. Property ownership isn’t just about maintaining anymore. It’s about improving. And the best way to improve is by starting a renovation project. Of course, you have to know what you’re doing and where to begin working.
Remember that a remodel isn’t just a fun project; it’s an investment. But, to make it work out, you have to work smart. The process will be draining and frustrating at times, but it doesn’t have to be expensive and overwhelming. And luckily for you, we’re here to help navigate your way through the process.
The top reason why most homeowners choose to renovate is because they want a new look. This is both understandable and unwise. Simply pumping money into new furniture, appliances and surfaces is no way to increase your home’s value. Sure, it’s nice to have a new look when you’re bored of the current styles. It can even be beneficial, but only if it’s done right.
The second leading cause of remodels is because a structure is naturally at the end of its useful life. Now this is where the real value kicks in. Homes cannot remain unchanged for decades at a time and retain their same value, let alone increase in value. You will need to keep up with styles, replace faltering equipment and repair damaged areas. For many people, these rooms are the kitchen and bathroom. Bedrooms and living areas finish third and fourth.
On average, homeowners spend between $2,900 and $4,500 on home renovations. When looking at the potential value that repairs add to your home, it’s a small price to pay. As always, it’s important to budget these costs out. A proper plan will enable you to keep a target in mind when in the demolition and shopping phases.
After all, if your supposed affordable renovation actually increases your debt, the entire point of the project is lost. That’s why focusing on the following areas will help you recoup the most value from your home remodel.
Fixes Come First
Before you start on an area that doesn’t need a renovation to function, you should look to any problem spots in your house. Nearly half of all homes in America are at risk of being affected by natural disasters. That’s almost 40 million homes across the country. Whether that’s fire, flood or wind damage, homes all around the U.S. are suffering from Mother Nature’s wrath. What’s most important is that those who experienced such situations handle them quickly and safely.
The best way to do this is by contacting your local professionals. Established businesses like Service Master are trained to safely clean and clear areas that have seen damage. Before you take on the rest of your renovations, make a call to those who have more experience than you.
‘tis the Season
One thing you might not think about when getting started is that you will need help. It’s okay, many people don’t even consider this when beginning a renovation. There are so many things to think about that additional labor just slips the mind. That’s why we’re here to tell you that starting a project in the spring or summer is the best time. It’s a lot easier for your friends and family to help out if they don’t have to trudge through the snow and rain to do it. Avoiding the harsh elements will also be a lot easier on the interior of your home.
Buy in Waves
If you can do without it, do without it. Buying one new item makes an old one look, well, old. That’s why it’s best to buy in waves. If you don’t, you’re much more likely to burn a hole right through your budget. Look for deals, see what a simple paint job will improve and don’t forget to scour the resale and secondhand shops.
There are plenty of obstacles to overcome when you’re starting your home renovation, but tips like these will make the process a whole lot easier. Trust us.