Are you planning a home renovation but not sure if it is worth renovating an old house? Whether you are renovating to sell or just want to update your existing living space, there are a few home renovation questions you should ask before starting any project.
Is this house worth renovating?
A home renovation project can be a significant investment so you want to be sure your home is worth renovating.
If the cost and results are not going to be worth it then it may be time to find a new home instead.
What areas of the home do you want to renovate?
Knowing which space you want to renovate will help you create a project plan.
Do you want to complete the renovation or just tackle updating your bathroom? Have a clear goal in mind before you begin.
What is my budget?
Let’s face it, home renovations can be expensive, but the results pay back in spades.
That’s why you need to create a budget that allows you to make the investment while ensuring a significant return on investment. Include things like permits and fees which can often catch home renovators by surprise.
What is on my “wish list” and what is on my “must-have” list?
Prioritize your home renovation project. Invest in the things that mean the most to you and find affordable solutions for items that may not bring you as much joy.
For example, choose a granite countertop in your kitchen that will enhance your cooking experience, while adding something like a walk-in pantry to your wish list. As you continue to renovate your home, you can move the wish list items over to must-haves until you have finished.
Do I have extra money set aside for unforeseen expenses?
Most renovation projects require a certain amount of flexibility when it comes to expenses, so allow for upwards of 20 percent in cost overruns or potential increases in supply costs.
How do you live? What’s your lifestyle?
Before renovating your space, review your lifestyle needs. Do you need more space for a home gym or do you want to create a home theatre for family movie night?
These little personal touches will make choosing the right materials, and elements for your renovation project easier.
Do you need a designer?
Do you have a vision but aren’t sure how to put it on paper? A designer can help give you the extra experience you need to bring your project to life.
Designers can help create 3D renderings, connect you with the right suppliers and offer suggestions to enhance functionality.
What type of materials do you love?
Are you ready to give your home the luxurious feel you crave? Your contractor will be able to help you find the materials you want to complete your design at a price that fits your budget.
They can also provide helpful advice on which materials work best for different areas of your home. For example which countertop is best for your kitchen or what floor options work best in high-traffic areas.
Are you renovating to sell or do you plan to live here for a few years?
If you are renovating a house to sell, you may want to choose materials and fixtures that make your home look more modern.
If you plan on living in your home for a while after you renovate, then you will want to add custom finishes that are tailored to your needs and lifestyle.
Hiring a Designer for Home Renovation
Lux Home Renovations are your experts in the renovation. We offer professional and experienced residential home renovation services. From kitchens to closets, we help homeowners bring their home renovation vision to life. Contact us today to discuss your project ideas and discover why we are Toronto’s most trusted home renovation experts.
