A prelude to renovation
Have you been bitten by the renovation bug? Do you see yourself relaxing in a designer tub while soft music plays and the glow from the fireplace makes everything soft and warm? Maybe the kids are quietly engaged with their homework in a room perfectly designed for your family. You’re looking forward to a movie in your elegant home theatre after cooking a perfect meal in your stunning and efficient kitchen.
It can all happen, for sure. But you might want to put the brakes on for a bit while you consider a few things.
- Are you being realistic, not only with your budget but about the lifestyle you really need?
- Will this renovation boost the resale value of your house as well as enhancing your life?
- How long do you plan on staying in your house?
- Are you prepared for some of the costs ahead? It’s probably fair to say that a small renovation could cost about $30,000 for starters. You might decide to do your renovation in stages, but that takes some pre-planning to know what should come first, second, and so on.
A realtor can guide you in determining how much of your renovation cost you might recoup later in a resale and what features seem to be most popular with buyers.
A professional renovator can guide you through the step-by-step process of planning and estimating the cost of your project. Your renovator may also be able to suggest the best phasing of your project in order to respect your budget and priorities.
Regardless of how you proceed, your renovation will have some cost, not just in dollars but also in terms of effort, time and disruption so it’s always best to plan carefully before starting.
But when it’s over, you know that renovation bug?
It might turn out to be your very best friend.