When it’s time to upgrade that outdated kitchen, master bath, or a brand new addition to the side of your home, there’s a lot of thought that goes into every project. Maybe you’d like to customize your entire master bedroom, or you just want to update the shower in your kid’s bathroom. The important thing to remember is that you’re making a long term investment for your family’s future.
If you’ve never tackled a home remodeling project before, and are anxious to get started, we have a few suggestions to keep in mind before you start any major demolition. Certain home improvement projects are worth some extra investments, while others might not be worth breaking the bank over.
Consider the Return on Your Investment
A home renovation is more than repairing a deck, or remodeling your kitchen – it’s a financial and design decision that makes your house a home. There is nothing more rewarding than completing a renovation, enjoying your home, and a few years down the road, selling your house for its true value. In a perfect world, all home renovations would have this outcome, but it’s important to weigh the cost risks and benefits of a remodel before you get ahead of yourself.
A decent home improvement project should always offer a fair return on your initial investment. On average, a home renovation ROI should be upwards of 70%, in order to justify the initial expense. If it’s not, then you might want to reconsider the project, before you start spending money you won’t be getting back. Before you select your ideal home improvement project, consider the following:
• Is it going to increase the overall value of your home?
• Are you focusing too much on the specific details of the remodel, rather than the big picture?
• Is the remodel going to take longer than a few weeks or months?
If you feel uncertain about answering these questions, take a step back, and reconsider your potential project. You don’t want to start a remodel that stretches on for months at a time with little payoff, or place the majority of your costs towards details and features that future home buyers won’t even notice. Focus on the bigger picture, and stick to remodeling projects that have the greatest return on your investment. If you need help getting started, download our completely free guide – 5 Renovations that Return – to find out which renovations are truly worth your time (and money).
Think about the Needs of Your Home
An important part of the home renovation process is considering the true needs of your home. While it can be very exciting, creating the bathroom, kitchen, or master suite of your dreams, it’s not ideal to focus solely on the bathroom wallpaper or the chrome detailing. Think about the primary goals of the space, before you start thinking about the finishing touches. Is this space:
• Making room for your growing family?
• Going to make your home feel more contemporary?
• A manageable project that is purely for resale value?
• A large scale project, that will take a longer period of time?
Focusing on the needs of your family, and how those needs should translate into your home’s overall layout, is important. If this is just a small renovation that is going to help sell your home in a year or two, stay more objective about the space, and add features that will appeal to a variety of buyers.
However, if you’re adding a completely screened-in deck so your family can spend more time outside, then give yourself the opportunity to customize the project, and modify it to be a little more personal to the needs of your home. Remodels are designed to make your home feel welcoming – just don’t get lost in the little details that take away from the bigger picture.
Find a Budget
Once you consider what spaces you’d like to renovate, and assess the practicality of the investment, think about your potential budget. Not all projects cost the same, so prior to getting started, be realistic about how much your investment is going to cost. For instance, if you want to increase the square footage of your kitchen during a remodel, you’ll have to budget for this accordingly. Just remember that you shouldn’t go too low for your renovation budget – sometimes unexpected complications arise in the middle of a project, that need to be accounted for. A local contractor will be able to give you an accurate estimate of how much your home renovation should cost prior to getting started.
It’s also important to consider potential payment methods when you’re thinking about your renovation budget. While some homeowners might prefer to pay one lump sum at the start of the project, others would rather submit monthly payments to their contractor, or apply for a home improvement loan instead. There are plenty of possibilities when it comes to budgeting for a home renovation, so consider what works best for you. Whether you want to finance a home addition or a master bath, the right home contractor will work with you to make sure things stay affordable.
Get A Home Assessment
While it’s not everyone’s favorite part of the home renovation process, a home assessment is going to help you learn more about the condition of your home, before you start knocking down walls or windows. A home assessment evaluates the current condition of your home before any major work occurs. This is helpful for homeowners and contractors because any major problems within your foundation, structure, electric, or plumbing can be fixed prior to starting the project.
Plus, a home assessment will help you determine the current value of your home, prior to starting any renovations. You can get a better idea of the future value of your home, once you factor in the additional work.
Find A Home Remodeling Contractor
Renovating your home is a big undertaking – so it’s important to work with a certified home remodeling company that is local, reliable, and trustworthy. Before picking up the tools yourself, take the time to research what remodeling company matches your personal expectations, renovation needs, and budget.
If you’re searching for renovation services within the Piedmont Triad, RJ Turner Remodeling specializes in home improvement projects in every shade and size. We offer an extensive list of renovation services, take a hands-on approach to all our projects, and focus on providing excellent customer service to our clients. We specialize in projects such as:
• Bathroom Remodeling
• Kitchen Remodeling
• Home Additions throughout the Piedmont Triad
• Deckbuilding, Deck Repairs, and Deck Remodel
• Tub Removal, Tile Replacement, and Shower Door Replacement
• Roofing Repairs and Replacement
• Exterior Remodel, Painting, and Siding Installation
• Handyman Services
At RJ Turner Remodeling, the home renovation possibilities are endless. If you’ve been searching for home remodeling contractors near me, our team of experts might be the solution you’ve been waiting for.