Over time, almost any home could use an upgrade. Of course there’s typical wear and tear, but our needs also change over time. Marriage, children, then of course the kids head off to college… Home renovation can be an exciting endeavor, but it’s always good to think things through before tackling a big project. By asking yourself these five essential renovation questions, you can gain real insight to help you make the right decision.
1. What are your renovation priorities?
Odds are you won’t be able to renovate everything all at once. So brainstorm all of your renovation desires and write them down. Next, rank them by order of importance. Some will be large and some will be small. Consider your budget. Would you be happier with one large remodel, or would several small ones be better? Prioritize to clarify your needs!
2. How disruptive will the renovation be?
Understanding your threshold for disruption is important. Some renovation projects are minor and may take a day or two. Others could drag on for months and months. What are you willing to tolerate?
3. How will the renovation impact the home’s balance?
Major renovation projects can easily throw off a home’s flow, feel or look. If you put a commercial-grade, ultramodern kitchen, will the nearby living room look shabby or antiquated? Does it really make sense to add another bedroom if you only have one bathroom?
4. How long will you enjoy the renovation?
People typically renovate when they’re planning on staying in their home. Which direction is are you heading? Are you planning to downsize in a couple of years? A renovation may be overkill if you don’t think you’ll stick around long.
5. Will you recoup your investment?
Happiness with your home should be your top priority, but before you renovate you should understand that a major renovation isn’t a guarantee that you’ll get your money back when it’s time to sell. This may or may not be a factor for you, but it’s something to conser.
I’m perfectly happy to walk through any of these questions with you. Renovating may be the right choice, but sometimes only a move will do. Either way, I’m here to help!
RE/MAX Parkside Real Estate