Should you expand the attic? Can you handle the stress of converting your basement into a playroom? If you’ve been going back and forth about the benefits of a home remodel, here are just five ways to decide whether or not to pull the trigger.
1. Weigh Your Property Value
It’s a common misconception that all home renovations will increase your property value. For example, trendy countertops that will go out of style in five years can actually decrease the amount that your home is worth. If you’re serious about making money from your remodel, do your research first.
2. Find the Right Contractor
A home remodeling contractor can help you with everything from new tile flooring to bigger hallway cupboards, so it’s worth the effort of finding someone smart, skilled and reliable. You should feel confident in their vision and comfortable letting them into your home. If your chosen contractor doesn’t inspire these feelings, it might be time to find someone else.
3. Consider Various Shortcuts
There are some areas of a home renovation where it’s okay to cut corners. For example, stainless steel stickers can look just like the real thing when applied to bathroom sinks and showers, and they’ll only cost you a fraction of the regular price. If you can save yourself money with different shortcuts like this, your remodel might not be as expensive as you think.
4. Plan Ahead
A home remodel can be a pretty big disruption in your everyday routine. Between kids, pets, jobs and soccer teams, you might want to wait for a specific month or school break to begin your project. Before your contractors start knocking down walls and ripping up carpets, you should consider the impact that your renovation will have on your family’s schedule.
5. Think About Your Future
Are you remodeling for your own sake, or are you remodeling to increase your property value before you put your home on the market? Your answer to this question can impact everything from your color choices to your material types, so give it some thought. Be honest with yourself, too.
These are just a few things to keep in mind as you contemplate a home renovation. Whether you’re imagining large-scale changes or simple tweaks here and there, it’s important to consider all sides of the issue before opening your checkbook. Good luck!