Remodeling or renovating? Although people often use these two terms interchangeably, there is a difference. And you need to know the specifics of each before plunging headfirst into a home project.
While a home renovation project may involve changing the paint color of a room, updating appliances, installing a fancy chandelier, and or making repairs, a remodel is almost always a bigger investment of your time and money. Remodels may include adding new rooms, removing walls to create a better flow, or redesigning a kitchen.
Think in terms of changes to the structure of your home. A renovation is usually an improvement to the existing design, whereas a remodel is a change to the physical structure. Decide on which you are doing and then put your project ideas, costs, and schedule on paper.
Here are a few ideas and tips to help you create a plan for your home renovation project.
1. Be Mindful of Costs
After you’ve decided exactly what your project will entail a renovation or a remodel, jot down everything you’ll need to complete your project. That includes materials, permits (if you’re doing a remodel), and contractor fees if you need to hire a reliable professional for plumbing or electrical wiring work. Once your list is complete, examine areas where you might be able to save money.
Perhaps the spare bedroom just needs a fresh coat of paint; if so, then go shop for different paint colors at a local hardware store. Of course, there are several quality options you can choose from without stretching your budget. For instance, if you want to brighten up a room that’s too dark, consider buying paint with a built-in primer to save you time and money.
2. Take Advantage of DIY Opportunities
While examining your to-do list for cost-saving opportunities, make sure you don’t overlook any areas you can take on solo. Want to add appeal to an outdated kitchen? Then consider painting the cabinets or adding new hardware. Adding new colors, fixtures, or hardware can transform the look of a room at a minimal cost when compared to replacing the kitchen cabinetry.
Wanting to add curb appeal to your home? If so, consider low-cost options such as landscaping that you can do yourself. Indeed, you can find an array of helpful tips and designs for many yard projects.
3. Know Your End Goal
Bottom line: Know your end goal before starting any home improvement project. Are you doing renovations to increase the value of your home in the hopes of selling it soon? Or, are you looking to make updates and add new comforts to a place where you plan to spend your retirement years? Knowing your end goal will influence your entire decision-making while seeing your project through to completion.
If you’re planning to sell your home, less is best when considering costly projects. First, do your research before deciding on a remodel; after all, that idea for an updated bathroom, perhaps it just needs some new fixtures might not give you a good return on investment on closing day.
Pride Yourself in Creating the Home of Your Dreams
With so many options at your disposal, beautifying your home or workspace can range from extensive, costly updates/remodels to simpler projects that add value and appeal. By establishing your end goal and having a written plan along with a schedule, you can design a renovation project that guarantees a feeling of satisfaction and pride of ownership.