Home remodeling can be a major undertaking, but it can also be a great way to enhance your home and its resale value. It’s important to plan and budget for your renovation, though, so you don’t end up spending more money than you can afford.
Where to Start and What to Know
The first step in any home remodel is deciding what you want out of the project. You can get ideas from magazines, websites and other sources, but the best way to determine your needs and priorities is to write down your design ideas on paper. This will help you visualize your remodeled space and determine which improvements are most important to you.
You can also hire a designer to create a floorplan and make recommendations on materials, fixtures, and paint colors. Once you’ve got your plans written down, it’s time to find a contractor who can bring them to life.
A good St. Petersburg home remodeling company will have a solid business model that is aligned with your personal values, and they should be willing to work with you on your schedule and budget. Ask around to get references from people who have worked with them in the past and check their business bureau rating.
When it comes to a remodel, a proper design-build contractor has an established corporation with an accounting department and other professionals on staff, such as a project manager, architects and interior designers. These companies typically have their own installers and can be a cost-effective option.
They also usually offer an upfront estimate, so you’ll be able to get an idea of how much your project will cost. However, keep in mind that some types of renovations are more expensive than others and you might have to pay for permits and other services.
If you’re just updating a bathroom, consider adding features that can increase your home’s resale value, such as a walk-in shower or tub. This can be especially appealing if your existing bathroom doesn’t have one, and it will help you attract potential buyers if the new bath is more spacious and comfortable than your current one.
It’s also worth considering how the new bathroom will function, especially if your home is older and has issues with water pressure or plumbing. For instance, it may be necessary to upgrade your faucets and toilets, or replace an outdated tub or shower with a modern unit.
Choosing the Right Renovations
The most obvious way to add value to your home is to upgrade its basics, such as plumbing, windows and insulation. You can also make changes that increase its curb appeal, like a fresh coat of paint or a new roof.
These are all projects that will add significant value to your home at resale. These improvements can be relatively inexpensive, and they may be easier to recoup than a more expensive remodel or an elaborate custom upgrade, according to Remodeling Magazine’s annual Cost vs. Value Report.
A major kitchen or bathroom remodel will cost significantly more than a minor one, but the investment can pay off when you sell your home. The Remodeling Magazine report reveals that these types of projects can net an ROI of approximately 75 percent, and a garage door replacement can recoup 98 percent.