Upgrading your home can upgrade your life… but
how do you know when renovating is the right choice? Ask yourself these
important questions before picking a project.
Over time, almost any home could use an upgrade. Not only is wear
and tear an issue, but our needs change as we do. Birth, death, marriage, the
kids going off to college… all can have a profound impact on the utility of our
home and the pleasure we take in it. Home renovation can be an excellent way to
improve your quality of life, but is it always the best choice?
By asking yourself these five essential renovation questions, you can gain real insight into the right decision.
By asking yourself these five essential renovation questions, you can gain real insight into the right decision.
1. What are your renovation priorities?
Yes, if you could do it all, it would be great. But odds are you
won’t be able to do it all. So brainstorm all of your renovation desires and
write them down. Next, rank them by order of importance. Some will be large and
some will be small. Consider your budget. Would you be happier with one large
revision, or would several small ones be better? Prioritize to clarify!
2. How disruptive will the renovation be to living in
your home?
Understanding your appetite for disruption is important. Some
renovation projects are minor and may take a day or two. Others could drag on
for months and months. What are you willing to tolerate?
3. How will the renovation impact the home’s balance?
Major renovation projects can throw a home’s feel, flow, or look
out of line. If you put a commercial-grade, ultramodern kitchen, will the
nearby living room look shabby or antiquated? What if you add a bedroom but you
only have one bathroom?
4. How long will you enjoy the renovation?
People typically renovate when they’re planning on staying in
their home. Which direction is your neighborhood heading? Are you planning to
downsize in a couple of years? A renovation may be overkill if you don’t think
you’ll stick around long.
5. Will you recoup your investment?
Happiness with your home should be your top priority, but before
you renovate you should understand that a major renovation isn’t a guarantee
that you’ll get your money out when it’s time to sell. This may or may not be a
factor for you.
Your REALTOR® will be perfectly happy to walk through these questions
with you. Renovating may be the right choice, but sometimes only a move will
do. Either way, your agen is here to help.
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