You are likely excited and anxious if a home renovation is in your future. While a home remodel can improve your quality of life and truly transform your space, the process can be time-consuming, costly, and exhausting. With all the decisions you need to make, let’s take a look at five things to know before you start a home remodel.
Create a Budget (and Be Flexible)
One of the most important tips for a home renovation is the budget. It is essential to sit down and go over your finances to see how much you can afford on a remodel. This will let you know if a home remodel is even something that you can do right now or if it is a project that should be put on the back burner for now.
In addition to creating a budget, you need to be flexible with the amount. Regardless of how much planning you do, there is always a risk of budget increases for one reason or another. Therefore, when creating your budget for the remodel, make sure you have some wiggle room in case the unexpected happens.
Define Your Style
Before you start a home remodel, you must define your style and vision for the end result. Check into what’s trending in home design and window-shop at some home improvement stores. Take into consideration the overall design of the home as it stands currently. Do you want the renovation to match the home, or do you prefer if the renovation stands out?
Know the Potential Return on Investment (ROI)
For many homeowners, the primary goal of remodeling is to give the property value a boost. If this is your goal, then it is important to perform ROI research before starting a home remodel. All remodeling projects aren’t created equally, and as such, they won’t deliver the same ROI.
The highest ROI can be achieved by focusing on inexpensive remodeling projects, good quality, and low maintenance. A mid-range kitchen remodel will bring you a higher ROI than a luxury kitchen upgrade.
Create a Realistic Timeline
One of the biggest mistakes homeowners often make in remodeling projects is unrealistic timeline expectations. Once you and your contractor have decided on a basic timeframe for the project, make sure to add a few weeks to give a little bit of cushion for potential mishaps.
Request Quotes From Multiple Remodeling Contractors
Another important tip for a home renovation is to research, vet, and interview several remodeling contractors. This will help you get the most bang for your buck. Don’t forget to request detailed bids from each contractor. Along with the detailed bids, consider their reputation, availability, and more to determine the contractor who best fits your needs and project.
The above tips for a home renovation will help you remain focused and on track throughout the duration of your home remodeling project.