Owning a home is certainly one of the biggest dreams we have and getting one is not easy. However, when you already have a house and you’re not satisfied with the way it looks, you may be hasty about the changes you want to make. When you’re investing a great amount of money in a home remodeling project, you’re actually taking decision that will affect your happiness, finances and lifestyle for years to come. That is why you’ll have to be patient, guided and focused on what you really want to change about your home. With that in mind, below we’re going to take a closer look at the 5 steps you need to take to avoid buyer’s remorse when remodeling your home.
1. Be guided (not pulled) by your budget
When it comes to budget and cost issues, there are 2 types of customers, including those who build in a little flexibility for maximizing their ROI and those who set a hard budget limit. That is why you should first of all get in touch with a professional remodeler to talk about the things you’d like to change in your home. They’ll be able to put together a realistic budget and work with you to ensure that you’re going to maximize your ROI without spending too much money.
For example, if 100 more square feet or an incremental $5,000 could increase your home’s value by $15,000, does it count that you exceeded your budget? Not really and that is because you’ve made an investment that will improve your net worth and lifestyle. On top of that, if you borrowed the money at low interest, your monthly costs differences will be very small.
2. Don’t skimp on what you want today
Many people have this regret because in order to stay with-in a budget, they’ll forego upgraded items such as lighting or countertops. So basically, what you’re deciding to pay for now can be considered an incremental cost difference rather than a full replacement in 3 years of something you’ve already paid for.
For example, foam insulation, which can greatly improve the energy efficiency of your home costs less than 50% of what it used to cost 6 years ago, which makes it an amazing long term investment. On top of that, when it comes to wood floors, many people don’t know that they can be cheaper than tiles. As a result, they’ll later on find out from one of their neighbors that wood would’ve been a much cheaper option to consider.
3. Always ask questions
Before you spend your hard earned money on a new remodeling project, you should ask as many questions as you have. Contractors that won’t sit with you in a low-pressure and relaxed setting for exploring your ideas and answering your questions, should be disregarded. This is because they most certainly won’t be communicative during and after the remodeling process. If there’s one question you should ask the contractor, it is whether you’ll be charged for inevitable changes during the process.
4. Choose experience
You need to choose a contractor who is experienced with the design and architectural standards of your area. A home that’s remodeled inconsistently with the local standards will later on be considered a waste of money and create a lasting buyer’s remorse. But when you’re going with a well established remodeling company, they’ll always add cost efficiencies, which make for a successful home remodeling project.
5. Don’t choose trendy materials or layouts
It’s refreshing to see that the phase of overdone vaulted ceilings has neared its end. This is because many buyers have realized that the increase of utility bills without the benefit of added square footage make this type of layout a very poor investment. For example, you should carefully consider materials like the extremely expensive kitchen backsplashes, because they can be a potential bad investment you may end up regretting.
For everyone who wants to consider a home remodeling project, Unique Builders & Development is the right contractor to consider. Their design process combines hand drawn layouts with over 5 decades of combined experience in taking your needs and turning them into amazingly designed spaces that fit your lifestyle. Comprising of a group of trained and certified professionals in the remodeling and design industry, every remodeling project they undertake is guaranteed to be a total success.
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