Most people love their homes, but for any number of reasons at some point may consider selling. Perhaps their family has grown, or the neighborhood has changed, maybe you are not even considering selling your home at the moment, but before you begin a remodel or home improvement project think about the impact it will have on the value of your real estate. Homeowners toying with the idea of remodeling often imagine how wonderful and useful their homes will be after the remodel, but there are many unforeseen problems that could arise that one should consider.
Firstly, does you remodeling idea add to your home aesthetically? Often owners will remodel to suit their needs and not consider the usefulness to the actual home. Knocking down walls or building them up may radically change the flow of your property. Chances are if you can find a use for it outside of your perspective, you will be okay, but adding elements that look foreign in the home or change the floor plan drastically should be done with great care.
Secondly hire a good contractor, relatives or friends of friends are usually the first misstep in hiring a contractor. There are exceptions to the rules, but they are exceptional. Many times hiring friends or relatives is tricky because they assume your project is not a priority. There are several online sites that licensed contractors can be prescreened on and list photos of their work. Look for precedents, and those that seem to have a style that you are drawn to. A contractor’s job is to develop your design according to your vision, and often they will make recommendations that help to bring out the best in your ideas. But if they seem to work in a style that is in stark contrast to yours or the one you want to achieve, choose someone else.
Making the decision to remodel can eventually add value to your home, the largest real estate investment most people will ever make. Before you get started, think about the direction that you want to take your home improvement in. Not all remodels are created equal and neither are all contractors. Do your research and keep with the theme of your existing home unless you are prepared to go through with a major re-facing. Adding value to your real estate by remodeling can be scary, but with the right focus you can get the most out of your remodeled home.