April 2018 – Getting Started on a Renovation Project

Five Questions to Ask Before Beginning a Home Improvement Project

Your home is probably your most valuable asset and it’s important to protect and increase the value of your investment. Home improvement can accomplish those goals, but only if it’s the right renovation at the right time. The decision to renovate can be a smart one, but only if you ask yourself some essential questions before beginning.

1. What space do I want to renovate? How do I want to use the space under consideration?

Begin by identifying the space that you’d like to change, then imagine it as you’d like to see it.
Is it hard to cook in your kitchen? Do you want to turn the master bathroom into an oasis that you can retreat to at the end of the day? Would your family get more enjoyment out of a great room than you do from the current configuration of your public spaces? Would that unfinished basement make a perfect home theater? The possibilities are endless. Your project is only limited by your imagination and budget.

2. Will this renovation increase the value of my home?

When you sell your home, some renovations will offer a greater return than others. A beautiful kitchen, master bathroom, or outdoor deck will all appeal to buyers. These are smart investments. You’ll enjoy them while you live in your home and increase its sale price when the day to sell arrives.

3. How much can I afford to spend on the project? Do I have the money or will I need to arrange financing?

Renovation is an investment in your home. It will require a budget and a loan may be involved. A conversation with your financial planning expert may be appropriate before getting started. Television and websites are creating a generation of homebuyers who are more educated and informed than ever before. It’s important to complete the project right the first time and avoid paying for sub-par renovations twice by begin forced to reduce your asking price at selling time.

4. Is this the right time to embark on the project?

Renovations can be inconvenient. There is noise and mess involved, and you may lose access to a part of your house for a period of time. If your family can’t live with the disruption just now, postpone the project for a few months.

5. Who will I hire to do the job?

Choosing a contractor can be a daunting task. You’ll be working closely with this person for a period of weeks or months. In addition to the bottom line, you should consider factors including photographs of a candidate’s prior work and personal recommendations of past clients. If your town has a public Facebook community, ask your neighbors about their experiences with the person and business you’re considering.

Are you considering a home improvement? Whether you’re contemplating a small modification or a major change, Elite Renovations is ready to bring decades of experience and expertise to your job. Call Dave at ‭(203) 650-8017 today to talk about your project and schedule a visit. Estimates are always free.‬‬‬