If you are less than thrilled with your current home but love your community or simply don’t want to deal with the hassles of moving, remodeling your home can be a great option.
It’s common for most remodelers to only think about nothing more than what they want their newly-remodeled, homes, kitchens or bathrooms to look. But remodeling is a fairly complex process and one that you should really think thoroughly about.
Here are 5 things that you should consider before breaking out those DIY remodeling tools or cracking open your wallet for hired professionals.
1. Your Needs, Wants And Priorities
Before starting our renovation project, sit down and create a list of your family’s needs and wants. Ask yourself and other family members what you like and dislike about your house and then create a prioritized list. To help you decide which issues are the most important, think about your family’s lifestyle and daily routines.
2. Your Budget Range
Before contacting a contractor, decide on the amount of money you’ll be able to spend on your remodeling project. Talk to friends who have been through a similar renovation, do as much window shopping and cost-comparisons that you can do. Clip photos out of magazines of rooms that you love. Scour shops and the internet for the latest and greatest products and how much they cost. Make sure that you add on at least an extra 20% for inevitable issues that may spring up during the renovation process.
3. How Long You Plan To Stay In The Home
Making decisions when renovating a home that you only plan on staying on for 2 to 5 years will be a lot easier than planning for a home that you’ll be staying in for 20 or more years. If you consider your home as a legacy home, which your family would live on for years, you need to give consideration for current and future occupants of the home. This includes toddlers, teenagers, and aging parents. This also means that you should only be looking at the best roofing, flooring and other surface materials you can buy since quality materials can last up to 100 years.
4. Move Or Improve?
Another option that you may consider aside from renovating is to actually move to a new home. Get an estimate of how much a renovation would cost then figure how much that work would add to your home’s value. Once that’s done, compare your new home’s value with comparable home prices in your neighborhood. If the new value is too high, know that you might not be able to recoup your expenses when you finally decide to sell your home.
Think about whether your current home, if remodeled, can make you happy. If your home, even if remodeled, doesn’t meet your needs and you can afford something better, then it might be better for you to move.
Think about how you feel about your neighborhood. Is it a place you enjoy? How good is your relationship with your neighbors? Are you satisfied with your neighborhood’s amenities? Are you happy your children go to the local schools? If you are, then remodeling would be a good idea.
5. Finding The Right Contractor
The contractor you’re going to be working with is an essential component to your home improvement project’s success. This choice will determine the quality of craftsmanship and will minimize emotional stress and unexpected costs for remodeling your home.
Talk with people you know and trust and get referrals. Ask your architect to recommend a good builder. Talk with family, friends, neighbors, lawyers, real estate agents and others who have built projects similar to yours and ask them for recommendations.
Make sure your potential contractors are licensed and in good standing with your state license board. Ask them to show you their pocket license, picture I.D. and certificate of insurance.
Ask your potential builder to let you view their project portfolio and then request to visit a few projects that are similar in size and style to yours. Try to check out one project that was recently completed, one that’s under construction and one completed five to 10 years ago. This will tell you how the builder handles the construction site, if their work carries a warranty, if they promptly fix any problems that occur, and if their work can stand the test of time.
If you decide to continue with remodeling your home after reading the above-mentioned tips, contact Built By La Sala for an estimate. You can surely rely on us to provide you with a beautifully renovated home!