Home renovations can be wonderful, but before the end result, there will probably be some obstacles along the way. From the financial impact to the inconvenience associated with not having your kitchen for a while or having to do laundry elsewhere, things will not always be rosy.
In order to make sure your renovation is really a success, you need to sit down and look at several key factors. While in the end it will be worth it, you need to make the process as painless as possible while making sure you get the results you are looking for. Look at these seven keys before you even get started.
One of the most important keys to understanding the kind of renovations you want to do is your motive. Are you doing these renovations to make your home more marketable because you want to sell it, or are you doing them because you plan to live in the home long term, and want it to be more comfortable and meet your long and short term needs better?
The answer to these questions helps you determine what you will do, your budget, and even how you will finance your project. Smaller renovations that are for short term gain can even be put on low or zero interest credit cards, but larger projects may require Hearth renovation financing or other lending options.
Take a Look Around
The next step is to take a look around. What is it exactly about your home you want to change and why? Is it about function or looks, or both? Are your fixtures and flooring outdated? Are your rooms to dark?
What about your furniture? Do your walls need paint touch-ups or a new coat of paint altogether? How far do you want to go? The answers to all of these questions harkens back to your motivation. If the changes you want to make are to make your home more marketable, you may want to consult with a realtor or other housing professional. If the purpose is to make your space more livable long term, you may want to consult with an interior designer.
Let There Be Light
One of the keys to any space or room and how it feels is the lighting. What does the lighting do for you, and what mood does it set? Are their shadows that make the room seem darker? Are the fluorescents in your kitchen washing out colors and making it feel industrial and cold?
Looking at light is a simple step no matter what your motives, and often a change of types of bulbs or fixtures will make a big difference in the way a space appears and functions.
Set the Mood with Color
Maybe your walls are simple, and there is little color in your living spaces. This might be a mistake, and you may want to brighten things up by adding some brighter colors.
On the other hand, if you have a room that is small like a kitchen or bathroom, soft pastels with plenty of white can make the room seem both taller and more spacious before you even change anything else.
Inside Out or Outside In
Are you going to start on the outside of your house or the inside? If you are planning to sell, starting with curb appeal often makes more sense. The same is true if you and your family spend a lot of time outside. In those cases your landscaping, outdoor furniture, and outdoor lighting might want to be the first things you change.
However, if you are looking to improve your own living spaces, or the interior of your home simply needs some serious work and a refresh, you may want to start inside and save the outside stuff for later.
Set a Budget and Stick to It
Once you have set up your motives, looked around, and decided where to start, the next step is to set a budget. To do so, you need to get some solid estimates from reputable contractors. This will give you a good idea of what things will cost.
Still, plan for extra expenses. Build in a 20% cushion to cover these expenses, and don’t be tempted to spend that on something else. If you still have that left at the end of the project, you can roll it over to the next project, but don’t overextend yourself to the point where you cannot cover the unexpected.
Stick to your budget, and don’t be tempted into frivolous spending
Don’t Get Distracted
One of the keys to a successful remodel is not to get distracted. As you get started on projects, it is easy to let them snowball and add other projects along the way. Don’t be tempted to do this, as if you spend over budget, that money will have to be subtracted from a project elsewhere, and maybe one that is more essential.
Otherwise, you can easily go over budget and beyond the place where the project adds value to your home. This can then lead to where the amount you spend goes beyond the equity you are adding to your home, and can be especially discouraging if you are planning to sell soon.
Want to make the renovation of your home a success? Follow these seven keys, and you will be on the right track. if you have any questions or comments, leave us some feedback in the section below.