You watch a few episodes of Fixer Upper, and suddenly, renovating your home sounds like a brilliant idea. While you certainly have some things that need to be updated, you don’t want to act rashly.
Before you go knocking down walls or replacing your siding, TAG Exteriors encourages you to do a little soul searching and ask yourself a few questions.
1. What’s your budget?
Never embark on major home renovations without first setting a budget and gathering quotes from contractors. You don’t want to replace your windows if you have to sell a kidney to do it. Set your budget, and then collect bids from multiple contractors to see which one offers the best rate, quality materials, and superior service. If you have to wait a little extra to save up money, then that’s great too.
2. Will you be living there short-term or long-term?
The length of time you plan to occupy a home can help you determine how much to remodel and what type of updates to make. For example, if you plan to stay for 20 years, adding on a custom master bathroom may be worth the cost. However, if you plan to sell the property in the next year or two, you may want to stay away from custom remodeling options and stick with basic updates that appeal to wider audiences such as fixing gutters or installing a new front door.
3. What type of updates would you like to make?
Structural changes tend to be more involved because they often deal with moving walls, adding on space, or reconfiguring rooms. This type of remodeling typically takes longer and costs more. However, certain structural changes may be necessary to make the home more livable or to increase home value.
Cosmetic changes are surface-level updates such as new paint, vinyl siding, new flooring, and so on. While these changes may seem small, they can make a huge difference in your home’s appeal. Note that even though cosmetic changes may not take long to complete, the price tag can still have quite a few dollar signs, especially if you choose high-end materials.
4. Can you get a good return on your investment?
You don’t want to put thousands of remodeling dollars into your home if the cost far outweighs the value it adds to your Indiana home. Check out the latest cost versus value report from Remodeling in addition to talking to a local real-estate professional and a general contractor. From there, you can decide which home remodeling options to consider.
5. What can you DIY—and what should you leave to the pros?
Doing some of the work yourself can save you money, provided you can do it well and in a timely manner. Determine whether you can (and want to) do any of the remodeling yourself, and then hire out the rest. Some projects, like concrete work or a new roof, are best left to the professionals.
After answering these questions and having a clear vision for your home renovation, contact TAG Exteriors of Indianapolis at (317) 757-5005 to get a free estimate.