Thinking about remodeling your home? There is no better time than right now. With home prices continuing to increase in most areas and a low inventory of homes for sale, you may be considering a remodel project to help sell your home or just to make your current one more comfortable.
Remodeling to sell?
Home sales are strongest in the spring and summer months, May through August. Now that we are in a bit of a sales lull, it is a good time to update your home to list for next spring. If you have a project in mind, great! If not, look at homes that are currently for sale or recently sold for ideas. When comparing your home, is it lacking an amenity or does something stand out as outdated, like your kitchen or floors?
Remodeling to upgrade?
If you are outgrowing your space or want to bring your home into this decade, remodeling may be a great option for you. With home prices higher than they have been in years, remodeling your existing home may be a more affordable option than moving to another home. With interest rates starting to creep up, now is the time to take advantage of lower rates while they last.
No matter what your reasons for a remodel project, there are always important factors to consider before starting. The thought of taking on a big project can be overwhelming, but with these steps, you can make any project manageable and look forward to enjoying your new space.
Define what you want to get out of the project. If you want to increase the value of your home, make sure you focus on the project(s) that will add resale value. If you want to increase your comfort, make sure you define the most important elements to address like bathroom space for everyone, room to entertain, a functional office, etc.
Determine your budget ahead of time and allow for a safety net in case a project takes longer than expected or requires more than you originally anticipated.
Create a schedule and a plan. Some project could be weekend projects with minimal impact on your daily routine while others could impact your life. Have a plan in place