Is A Renovation Really Worth It?

Properties come with expiry dates just like any other homes, furniture or fixtures, they are exposed to wear and tear over time. We want to retain or extend the same original quality of houses, properties, fixtures and furniture longer for personal use or for market value reasons.

When to Renovate or Upgrade

So how do we do it? When is the right time to remodel our house or property space? Regular maintenance and periodic renovation are inevitable if you want to prolong your property’s pristine condition. However, total or semi- renovation might be the answer if you have a growing family and you need additional space. Moreso, obsolete fitting/fixtures may be required to be replaced by more energy efficient ones.

Things to Consider When Renovating a Home

Depending on your purpose to remodel or renovate your property, you can determine if renovation is really worth the cost, time and effort you’ll invest in. So, here are some things to keep in mind if you’re upgrading your home or property:

Personal Taste May Affect Your Home In The Future

We all want to incorporate our own unique personal tastes into our homes, from furniture, fixtures down to every minute details. It is great to remodel it according to your preferences and style if you are planning to keep it for good. However, if you have plans to sell it in the future, you might consider marketability. Are potential buyers going to like your upgrades or will your personal style make your property less marketable? If you’re intending to keep your customized home for generations to come, then renovating and periodic upgrading will all be worth it.

Don’t Overdo

Improving your homes to command a high price when you think about reselling them is an A-okay. But, you need to see what’s the trend around your neighborhood, walk through open houses, browse online for interior remodels or talk to real estate community to get a better idea of upgrades that won’t turn off buyers. You may not want to over-improve or overdo your renovation to the extent where buyers won’t pay for the extra or unnecessary upgrades. Renovating your space to ask for a higher price will definitely be worth it if the buyer will take it.

Search and Study the Market

If your purpose to renovate your home is to sell it, remember this rule of thumb, just because something is expensive doesn’t mean it’s worth anything to buyers. Conduct a study on comparing prices of houses with or without those features, so that you will have a grasp on what buyers are willing to pay for. Hence upgrading your space will be satisfying and rewarding once a buyer is willing to close the deal.

Focus on Functionality and Convenience

Who wants to buy or live in a house with beautiful interiors and exterior but has busted lightings, broken plumbing fixtures, annoying cabinet hinges, or obsolete kitchen fittings? Plumbing, electrical and waterproofing are basic features that should be regularly monitored for maintenance if you want to extend their usability. Not only are they essential for comfortable living, but they can get overly expensive if neglected in time. It’s absolutely all worth it if you are renovating these major features.

Consider your location

Remember to consider your location for home improvements because you might be throwing away good money for stuff not suited to your house. It will only make your property unsellable or unrentable because of the extra stuff. Take this as an example, a high-end, modern kitchen in East California is not going to be the same amount in Stockton. Moreover, solar panels in a low-cost housing community don’t give the same value or amount in a top-rate neighborhood. Does adding a garage practical when you live in barely 100 -square feet home? It all boils down to your location when doing upgrades whether you intend to sell it or live there for years to come. It will all be worth your money and effort when you follow this tip.

Pay Attention To Small Things

Renovation can give a makeover to old, worn-out home into fresh, new look, and can make your house more sellable or rentable if you are putting it on the market. Small things like painting the kitchen cabinets, getting the rooms painted with vibrant new colors instead of plain wallpapers, installing modern lighting fixtures in the living room will make the trick to liven up gloomy areas within the house. Fixing broken fixtures like a mailbox, sprinklers or damaged outlets are all small things necessary to upgrade your home. You can do this without breaking the bank while building up your home’s image and ambience. Either way, renovating can never be more satisfying with these results.

Bottom Line

Whether you want to put your property on the market or stay for years to come, it is imperative to have regular, well-planned home maintenance and timely renovations.

Scheduling minor fixes and up-to-date renovations or improvements will ensure your homes in great, tip-top shape prolonging its state and avoiding huge financial losses in the future. Remember these tips when deciding when to do home renovations, so you would know that time, money and effort spent on it are all worth it.

If you are looking for basement development Calgary trust the renovation professionals at Golden Acre Renovations. If you are looking for renovated apartments for rent in Regina the price can increase dramatically when compared to non-renovated suites.

If you are looking for basement development Calgary trust the renovation professionals at Golden Acre Renovations. If you are looking for renovated apartments for rent in Regina the price can increase dramatically when compared to non-renovated suites.