Things to Consider When Renovating Your Home
Is your once ‘hip’ kitchen now looking a little dated? Are the walls in your living room showing more cracks than you’d like? Maybe you’re exhausted from paying hefty energy bills for an old air-conditioner? Whatever the case, renovating your home can bring a much-needed breath of fresh air to any residence.
It certainly can be overwhelming, with so much to take care of. But if you plan well, the control will always be in your hand.
So, let’s explore some important things every homeowner should consider when taking on a big job, like renovating their home.
The “Why” Behind Your Project:
Are you clear on why you are doing the renovation? There’s a big difference between wanting to give your home a facelift and needing to fix a structural issue. If you’re on a budget, put the need-to-haves first and the want-to-haves second.
Since some US states are pricier, keeping the “why” in perspective can save you tons of money. Residents of Arlington, WA, for instance, live a 9% more expensive life than the rest of America. So, if you’re in the same area, it’s worth doing the math and seeing what makes more financial sense for you.
Renting a Storage Space:
You can’t tear down the walls and uninstall your current flooring while your expensive furniture is still in the way. The dust will wreak havoc on your furniture and give you more cleaning tasks.
So, consider renting a storage space to keep your furniture from being caught in the crossfire of a home renovation. Many businesses offer climate-controlled units and friendly customer service so that you can choose one according to your storage needs. You might come across a few options, but choosing one closer to you is smart.
If you’re in Arlington, use the keyword “storage Arlington” on your browser to find storage units in your area. Being close to the facility will allow you to check up on your items without traveling long distances.
The Budget:
If there is one thing that will determine the success of your project, it’s the budget. It will ensure you don’t run out of funds halfway through the renovation process. Whether you do it yourself or hire a contractor, create an accurate budget and stick to it.
When creating a budget, you must include costs for materials, labor, and any additional elements you want to have. If your project is pricier, consider the option of renovation loans. These loans will help you pay for larger projects with no money down.
You can also track your budget using apps and spreadsheets to ensure you don’t exceed your limit.
Property Value:
One of the most underrated aspects of renovating your home is the value it adds to your property. A roof replacement, for instance, can get you between 60% and 68% return on your investment. And if you’re considering replacing the front door, expect a whopping return of 80% (or even more).
According to Forbes, some home improvement projects that don’t do so well are foyer refurbishing and major landscaping features.
So, if you’re budget-conscious, choosing projects that will increase your property’s value may be wiser. It’ll also be easier to find a buyer when you’re ready to move out. And who would mind more money coming their way?
Maximize the Space:
If you’re renovating to accommodate your growing family, it’s time to maximize the existing space. An efficient way is to install loft beds in your children’s rooms, creating room for desks or play areas.
If you’re into DIY, adding hooks in your small bathroom will create more storage. Plus, they’re a great way to save on space. You can also opt for sliding doors and hideaway storage spaces in your living room. Try to think outside the box and find creative ways to maximize the existing space. How about a multifunctional wall unit in your kitchen?
The options are endless, so feel free to try new ideas. At the end of the day, it’s all about finding a balance between style and function.
The Design:
Are you renovating to enhance your home’s appeal or make it more functional? Either way, your home’s design will play a significant role. It’s always a good idea to consult with a professional designer and see what they have in mind.
They can help you create a cohesive look with the right color palette, furniture, and accents.
They may also suggest modern technology solutions such as smart home systems or energy-efficient appliances like tankless water heaters.
The goal is to make your home more comfortable and enjoyable to live in, so don’t skimp on the design aspect.
Energy Audit:
You want to extract the most benefit from your renovation, so it’s essential to consider energy efficiency.
A great way to start is by having an energy audit done on your home. An energy auditor will come into your home and evaluate the airtightness of the building. They will also identify areas where you could make improvements in terms of insulation and ventilation.
There may be a draft coming in from the windows. Or perhaps you need to upgrade your furnace and air conditioning system.
Whatever the case, an energy audit will give you an accurate assessment of your home’s energy efficiency and how you can improve it.
The Timeline:
No matter how great your vision and budget are, everything can come to a standstill if there’s no timeline. So be sure to set realistic timelines for each stage of the project. For instance, a kitchen extension would take longer than a new paint job.
Make sure you factor in extra time for surprises that may arise as well. What if there are supplies that need to be ordered and shipped in? Or if an inspection needs to be done? The timeline will help you stay on track. Also, you’ll be able to make living arrangements, if necessary.
Permits and Inspections:
Finally, make sure you do your due diligence when it comes to permits and inspections. Depending on where you live, different regulations may apply to your renovation project.
It’s best to have an open line of communication with your local building authority and the contractor so that you can stay up-to-date on the necessary permits and inspections.
You must apply for an interior remodel permit if your home renovation includes the following:
- Moving electrical or plumbing fixtures.
- Making alterations to interior walls.
- Adding a window or door on an exterior wall.
- Modifying the size of a window.
Conclusion:
Renovating your home is a big undertaking, and there are things to consider. There is a lot to think about, from maximizing the existing space to creating a cohesive look with the right design elements, energy efficiency, timeline, and permits.
But don’t be overwhelmed! Sufficient (and smart) planning, along with professional help, can make your dream home a reality. Good luck!
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