Home remodeling helps improve the comfort and functionality of a home and is also one of the best ways to increase its appeal and perceived value. Consequently, this can improve a property's resale value
by about 56% of the total cost of the remodel. However, this project can lead to disappointment if not planned out correctly.
Ideally, there should be a good benefit-cost ratio between the cost and the expected increase in value, and it should never decrease the home’s value. Achieving this ratio requires a well-planned remodeling plan. The following expert remodeling tips will ensure the success of your home remodel project.
Start by defining your goals
It is crucial to get a clear vision of the goals before starting a home remodel project. Is it to add functionality and comfort to the home, or is it to increase the property's value in order to improve the likelihood of a successful sale? The goal will have a significant impact on the entire process.
The next step is to identify the areas that need improvement, which will be determined by the goals. If the goal is to raise the home's value, focus on the areas that are known to increase appeal, including the kitchen, bathrooms, and master bedroom. If the goal is to add functionality and comfort, focus on living spaces such as the living room or dining room.
Make a realistic budget
This step is highly critical if the goal is to increase the home's perceived value. Even if the goal is to add functionality and comfortability, it would be pointless if the cost involved outstrips the benefits. It is important to get an accurate estimate of the expected costs before starting a remodeling project, which includes all the costs of materials, labor, and permits.
Cost estimation is easy given that the areas that need improvement have been identified and the plan of action is clear. It's also advisable to include a contingency fund for unexpected expenses that may arise along the way. Failure to stick to the budget will add increased costs and thus decrease the return on investment.
Create a work schedule
Time is money and should be well spent. Outline all the tasks that will be carried out in the house remodel project. This could include demolition, flooring, painting, carpentry, and installation fixtures, and allocate a timeframe for each. Be realistic when setting timeframes and give an allowance for unforeseen circumstances. It's also important to identify the sequence of tasks to minimize disruptions. The sequence will be determined by interdependencies, whereby some tasks cannot be carried out until the previous task is completed. Share the schedule with everyone involved to ensure they all work toward the same goal.
Hire an experienced professional
You should engage the services of a contractor, especially if the project is large. A contractor will ensure all tasks are completed according to schedule and on budget. Hiring a contractor also saves you from having to juggle different tasks.
When choosing a contractor, consider their years of experience in remodeling projects and expertise. It is also advisable to ask for references from prior clients to get an insight into their work. The following are some benefits of working with an experienced professional:
- They provide access to a network of related professionals, including sales agents
- They can refine vague ideas into realistic project ideas
- They can estimate costs and timelines accurately
- They can assist with paperwork, permits, and inspections
During remodeling, take advantage of unused spaces, such as the attic, garage, and basement, and convert them into additional storage. This helps to improve space utilization and create a more welcoming atmosphere. The best thing is that adding storage space will be an effort toward either of the two goals.
Maintain a consistent style
Choose a style that is consistent throughout the house to achieve uniformity and cohesiveness. Just like adding storage space, this technique will help achieve either of the project goals. Homeowners can start by selecting a style, such as modern or traditional, and then choose accessories to complete the design. The color scheme should also be consistent throughout the house.
Choose quality materials
Choose building materials that add value to the house, such as hardwood flooring, granite countertops, and stainless steel appliances. This is especially important if the goal is to increase the home's perceived value.
As much as comfort and aesthetics are important, safety remains the most crucial factor to consider when remodeling. Ensure that the project will not compromise the structural integrity of the house. Also, ensure that the natural gas pipeline network, electrical wiring, and plumbing lines are not damaged during the remodeling.
Incorporate natural light
During home remodeling, consider adding windows and skylights to allow natural light to enter the home's interior. This can dramatically improve the quality of life of the occupants. The availability of natural light is also something that most buyers look for when shopping for a house.
The remodel should not impede the accessibility to the rooms, kitchen, and bathrooms. They should also accommodate the needs of all people. For example, entryways and hallways should be wide enough to allow wheelchair access. This will ensure the house is suitable for future occupants and their children.
Understandably, homeowners want to stamp their personality on the home. However, too much personalization can be detrimental to the resale value. It is best to keep the remodeling project simple by sticking to neutral colors that appeal to many buyers.
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