Are you thinking about remodeling your home, but aren't sure where to start? Here's what you need to know about home remodeling.
Does home remodeling increase the value of your home?
Home remodeling can increase the value of your home, but it depends on the project. Some projects tend to add more value than others. It's also important to consider the quality of the materials and workmanship when you're planning a home remodel. Using cheap materials or hiring inexperienced contractors can lead to problems down the road.
Which home remodeling projects increase the value of your home?
All home remodeling projects add value if you use and enjoy them after the project is completed. In terms of adding dollars to your bottom line when you resell your home, however, you may be surprised which projects net the most return on your investment.
Zillow reports that the home remodeling project with the highest return is a new garage door, which nets almost a 94 percent return. Another strange, but true upgrade that makes money is paint. In fact, a freshly painted black front door can earn home sellers a whopping $6,271.
What are some common mistakes people make when remodeling their homes?
The most common mistake people make when remodeling their homes is not thinking about the future. It's important to consider how your family might use the space in the future and to plan accordingly. You need to take into account both your current needs and how your family will grow into the space.
Additionally, many people make the mistake of not being realistic about their budget. It's important to get accurate estimates for all materials and labor before you start a project and to realize that it is just an estimate. The cost of materials fluctuates every month. Budget an extra 25 percent on top of your estimated costs to be safe.
Another common mistake is hiring inexperienced contractors. Make sure to do your research and only hire contractors who are licensed, insured, and have a good reputation. Ask to see photos of previous work and get references from satisfied customers.
Hiring an architect or designer before starting your home remodeling project can save you time and money in the long run. Architects and designers can help you create a plan that fits your budget and meets your needs. They can also help you avoid common mistakes.
Whether you're renovating to increase the value of your home or simply to make it more comfortable and functional for your family, remember to always plan ahead and be realistic about your budget.
Contact a home remodeling contractor to learn more.