For instance, if you have young children or you are your partner are considering having kids, you’ll obviously want to make sure your design, building materials, furnishings and décor are all more kid-friendly. This potentially means forgetting about those beautiful wood cabinets, marble countertops or hardwood flooring for now, and instead choosing something that’s much more durable and easier to maintain and keep clean. Similarly, people who are getting closer to retirement will want to pay close attention to how their current renovation plans could impact their ability to easily get around the home as they grow older. Essentially, the important thing here is to try to avoid having to make even more renovations later on by focusing both on your current needs and lifestyle and also how you think this will change over the next decade or so.
Focus on Improvements That Add Real Value to Your Home
One major benefit of renovating your home is that it should help to increase its value. However, the truth is that the total increase in home value is almost always less than the total cost of the renovations. Furthermore, not all renovations will even close to the same impact on your property value. In some cases, a more minor improvement like a wooden deck addition can potentially have a greater impact on your home’s value than a major, more costly renovation like a kitchen remodel or basement remodel.
Of course, none of this really matters if you’re planning on staying in your home for the rest of your life. However, if you think that there is even a remote chance that you may sell your home anytime in the next 5 to 10 years, it’s a good idea to consider the total cost of the improvement project versus how much value it could potentially add to your home. In this case, the thing to do is to focus on those renovations and improvements where you’re more likely to recoup a significant portion of your investment.
Learn How to Work with What You Already Have
Unless you have an unlimited amount of money to spend on your remodel or renovation project, your budget constraints will obviously play a huge role in determining exactly what you can and can’t do, what building materials and furnishings you can afford, etc. In many situations, this means you may need to be a bit more creative to find a way to achieve your renovation goals without your project running over budget. Often, this means finding ways to make some of your home’s existing features work with your new design.
For instance, you could consider skipping those new tile floors or carpets and instead simply refinishing or restoring your home’s old wood floors. Complete stone restoration is also an excellent option that can restore any existing marble, travertine, natural stone and other surfaces back to their original state. Painting your cabinets or just putting on new doors and hardware or even just finding ways to reuse some of the materials you’re taking out are just a few of the many other ways that working with what you have help you to reduce the overall costs.
Know When to Skimp and When to Splurge
Again, your budget is a huge factor in determining the finished result of your renovation, and you can usually find a wide range of different ways to cut costs if you focus on it. Nonetheless, this doesn’t mean that you should always go with the cheapest materials or try to find a way to do the job for as little money as possible. Instead, the point is to find a way to achieve your desired goals without exceeding your budget, and this means knowing when it’s ok to skimp and when you want to splurge on something more expensive.
In this sense, the most important thing is to consider your needs and how you plan on using your newly renovated area. For instance, installing an expensive professional range in your new kitchen will definitely make the room look nicer and more luxurious, but then again, there probably isn’t much point in it if you’re not the type that really enjoys cooking or even does it all that often. In this case, you might be better to buy a cheaper, more basic range and instead spend that extra money on something else. Of course, you should never be too cheap when it comes to more expensive items like ranges, bathtubs and other major purchases since the price almost always reflects the quality.
Don’t Be Afraid to Pamper Yourself
The whole point of renovating or remodeling is to turn your existing room or home into something that better fits your needs and your own sense of style. In this sense, it is vital that you never try to skimp too much or be too cheap since this will greatly increase the chances of you not being fully satisfied with the end results. What this means is that you should never be afraid of pampering yourself and spending that bit extra on something you truly want or that will definitely get lots of use. This could mean upgrading to a whirlpool tub in your bathroom or putting a hot tub in your new outdoor area to ensure you have somewhere to relax and unwind after a hard day at work. Even smaller additions like a larger shower and luxurious rainfall shower head can make a huge difference. Therefore, one of the biggest tips to remember is that it always ok to pamper yourself. After all, it’s your hard-earned money, so you should be able to spend it however you wish.
Ultimately, there are a huge number of different factors that can potentially make or break your renovation project. Your choice of design and materials is obviously important, but who you hire to do the work is often equally as significant. Therefore, the most important is that you take your time to carefully plan everything out and consider all of your options instead of just rushing into things and hoping for the best.
August 28, 2018