It is important that you really put your home remodeling dollars to work for you, especially when your budget is tight. Home remodeling ideas are abundant but you want to be sure that not only are you getting the remodel that you want but that you are getting the biggest bang for your buck.
For example, if you are putting your house on the market in the near future, you do not want to dump a ton of money into personalized wall hangings. If you are getting ready to sell it is far more important to make sure your home can reach the ideal climate, even if that means new air conditioning installation. The point is there are a few things to consider before you start implementing home remodeling ideas.
Putting your money where it will make the most difference in your life really depends on where you are at in life. For example, if you know that you are going to be spending the next 10 years in your home, and you always wanted a granite countertop in the kitchen you will get plenty of use out of it, so it is well worth the investment.
On the other hand, if you plan on moving in the next three years, you might want to seriously reconsider that basement remodeling you had in mind. Sure a basement remodel would likely amp up the value of your home, but if there are other things that need to be addressed first to make the home more sellable like replacing outdated light fixtures is a better place to start.
How long you will be in the home is not the only consideration. Consider these factors as well:
- How much time do you want to invest?
- How much money can you invest?
- Where do you want to start?
There is a wide range of considerations that deserve careful evaluation to ensure that you get the results that you expect.
How Much Do You Have?
One of the biggest complaints home remodelers have is the length of time it takes for a project to be completed. Did you know that a whole home remodel can take up to a year? How much of your time are you willing to dedicate to living in a construction zone?
Whether you are planning a whole home remodel or just a few small projects, timing is everything. Planning the right time for your project will matter. For example, you want to schedule your projects so that they are not interfering with other areas of your life too much. Let’s say you are expecting a new baby in June. A wrong time to start a new remodel project would be the end of May.
Try to plan your remodel projects when you do not have any big life events going on. Also, be realistic about how long a project will take. Plan for delays and with any luck you will not have any but will be prepared in case you do.
Budget the Big Bummer
Whole home remodels are great because you get everything you want done at one time, however, they can be out of reach financially for a lot of people. You do not want to put yourself into a crazy amount of debt. Not all home remodeling ideas come along at the right time to fit in your budget.
Even the tightest budget has room for some home remodeling ideas. You do not have to go big to make a big difference. For example, changing light fixtures, painting walls, adding some new faucets, and other small changes can make a big difference in the aesthetic of your home without leaving a big dent in your wallet.
Here are some home remodeling ideas that have a big impact on your space and not on your wallet:
- Flooring changes things
- Updated lighting, ceiling fans, and paint transform a space
- Upgrading the kitchen or the bathroom
If you want to make a big impact with your remodeling dollars, consider new flooring. Going from linoleum to hardwood floors can create an entirely new feel in any room. Just making that one change can make the whole home feel like it was remodeled.
If your lighting, ceiling fans, or paint is outdated, believe that your whole space feels dated. Home remodeling ideas that include upgrading your lighting, ceiling fans, and paint are simple and easy ways to upgrade your space. Certain things in and around the home can date the home. Adding some upgrades is a great way to shed some years.
It is always best to work within your budget than to take on the additional stress of worry about how you are going to pay off the debt. Make sure you take on the home remodeling ideas that are in line with what you can afford.
Narrowing Down the Projects
Everyone has something that they dislike about their home. Sometimes there are a lot of things that you will dislike about your home. Narrowing down your project list starts with getting honest with yourself about what you can and cannot live with. More importantly, it’s deciding what needs to be fully renovated versus what space can be freshened up with a new coat of paint or personalized wall hangings.
A good rule of thumb is to do what must be done first. If you have the extra money and want to put it into remodeling your home, start putting the money in necessary repairs first before you get to the fun stuff.
For example, if your HVAC is over 15 years old, before you buy that new flooring, and lighting, consider replacing the HVAC. The life expectancy of an HVAC system is about 15 years which means if you have an HVAC older than 15 years, it is on borrowed time.
It can be hard to put money where you do not want to when there are other things that you do want to do around the house, but you will be glad you did. Next, what is your vision for your home remodeling?
Here are where other people are putting their home remodeling dollars, maybe some of these home remodeling ideas will work for you:
- Kitchen remodels are way up on the list of home remodeling ideas. The average homeowners spend between $75-$150 per square foot to remodel their kitchen or from $12,000-$24,000.
- Bathroom remodels are also way up there on the list of home remodeling ideas, but ring up a lot lower in costs than kitchens. On the low end, the average bathroom remodel is about $2500 on the high end at $11000. The cost depends on the size of the bathroom and material choices.
- Basement remodels (for those that are lucky enough to have a basement ) range on average between $25-$50 per square foot.
Kitchens and bathrooms are at the top of the list of the home remodel ideas. Oddly enough it is said by realtors that “kitchen and bathrooms sell homes”. It seems that buyers are not big on doing the remodeling but evidently owners are very big on them.
One of the biggest mistakes homeowners make is thinking that all home remodeling ideas are cost-prohibitive. If you shop around and are willing to give up some sweat equity you will be surprised how much you can save. Of course, if you are going to roll up those sleeves and get to work, make sure you know where there is urgent care nearby just in case.
Of course, if you and your family are not big on cooking, then a kitchen remodels may not be on your bucket list. Everyone uses the bathroom, but for some families, they are perfectly fine with the bathroom that they have.
Some families really need more space. Enter basement remodeling, which according to national averages can be a very affordable home remodel idea. Finishing or remodeling a basement can instantly add the square footage that you need to your home.
Prioritize your home remodeling ideas based on what needs to be done first, what will enhance your family’s lifestyle, and what is on your dream list. A list can help. Comparing what each project has to offer, the cost, and whether or not it can wait will help you to make the right choices.
Do What Makes You Happy If You Are Going to Be Around for Awhile
If you know that you are going to be staying in your home for a while (five or more years), and you have the time and money, put your home remodeling dollars where it is going to make you happy. Get the basics out of the way like a fire alarm installation and burglar detection, then get started on the projects that will make the home more comfortable for you and your family.
If you have the money, why not make your home into your dream home, it is a lot less stressful than moving and a lot less expensive. If there is nothing holding you back go for it. Consider some of these home remodeling ideas when you have the extra money to play around with:
- Add an inground pool
- Create an outdoor living area
- Remodel the exterior of your home with new siding and windows
An inground pool is not necessarily a way to add value to your home, but it will add tons of value to your lifestyle. Creating an outdoor oasis with your pool as the centerpiece is a great lifestyle investment. Your yard will become the meeting place for all your family and friends. The kids will enjoy it, and home can be the perfect spot for your staycation.
An in-ground pool can take up to three months to install, so if this is something you are considering, now is the time to get moving with the project. An in-ground pool will completely upgrade your yard and your living experience.
Outdoor Kitchen, Lounge Area, and Eating Area
If you have everything done in the house that you want to be done and you have some extra money leftover consider investing in your outdoor spaces. An outdoor kitchen complete with a seating area, and lounge area is a great way to extend your living space.
Imagine lounging around the fire pit on those chilly evenings and cooking dinner in your outdoor kitchen. This can be exactly that upgrade your lifestyle needs.
If you are looking for some home remodeling ideas that come with a built-in ROI than consider new siding and windows for your home. New siding and windows can improve energy efficiency which will help to cut back on energy bills.
New siding ups your curb appeal and makes your home feel more welcoming, which can benefit you if you’re planning on putting your house on the market. New windows help to keep your house more peaceful with the noise-canceling properties new windows offer. You will be able to enjoy your home more and have more control over your climate.
The beauty of new windows and siding is that it can easily transform your home into the style home that you have always wanted to live in. It is one of the best homes remodel ideas where you get an instant return on your investment.
Home remodeling ideas are plentiful and there is nothing better than doing something that will improve your living conditions. You will love your new space and thoroughly enjoy the process if you approach your projects after evaluating which projects are best for you.
Putting money into a home is a great place to put your money because you always get a return whether it is lifestyle enhancement or an actual increase in the value of your home. Get your projects started.