Are you considering a home renovation this year?
Many homeowners are diving into major changes, and their reasons are as varied as the projects they're planning. In the past, most people remodeled with the primary goal of increasing their home's resale value, but this is often not the case today. According to a 2019 survey, some of the most popular reasons for renovating a home are as follows:
Top Reasons for a Home Remodel
It's Finally the Right Time
Most homeowners who are currently planning remodels will tell you that they've been dreaming of making updates for years and are excited to finally have the time and money to get them done.
Customizing a New Home
Many homeowners who have recently purchased a new home will plan at least some renovations to customize the space.
Empty-nesters and others going through major lifestyle changes often update their homes to accommodate their changing needs.
Combining Repairs with Renovations
Some owners dealing with an older home are taking the opportunity to combine their repairs with a major renovation.
Whatever your reason for wanting a remodel, it's important to make sure you're prepared before diving in. Asking yourself the following questions will help ensure that your renovation goes smoothly and that you're happy with the results for years to come:
What's My Reason Why?
Before you start any home improvement project, it's important to check in with yourself and make sure you're doing it for the right reasons. Most often, your reason will help determine which renovations you make.
Is My Remodel Plan Realistic?
The last thing you want to do is get part-way into a project and realize you don't have enough resources or it's going to take more time than you initially thought. To avoid this, put your plan, budget and desired timeline down on paper before you get started and make sure to leave some room for unexpected expenses and delays.
What's the Long-Term Value?
Although adding resale value might not be your primary goal, it's still a good idea to consider. You may not have any plans to move now, but you could decide to do so in the future, so it’s good to think about whether the upgrades you’re making now will add value to your home in the long run.
By taking these elements into consideration, you’ll be able to plan a home renovation that leaves you with results you’ll be satisfied with for a long time. Are you still in the planning stages of your remodeling project? Here are a few more articles to help get you started:
- The Various Uses for an Empty Nest
- How to Set Realistic Kitchen Remodel Goals Without Compromising Your Vision
- Qualities to Look for When Hiring Home Renovation Professionals
- Does Your Home Have a Layout Problem? 6 Ways to Fix it Without Major Construction