Once you settle on the scope of your project, set a reasonable budget. When in doubt, consult an expert who’s well versed in the related laws and regulations. Accessory dwelling units, for example, may be subject to scrutiny from any or all of these factors. If there are issues with any of these, such as a leak in your roof, you’ll need to fix the problems before proceeding with your remodel.Īlso look into any permit requirements, local zoning laws, homeowner association rules or other requirements that may affect your projects. It may be tempting to skip this step, but for larger projects it’s crucial to have an expert verify that your home can withstand the renovation.īe sure to get the structure inspected: roof, foundation, siding, plumbing systems, and electrical systems. These might include incremental kitchen upgrades, a luxurious shower head, or crown molding in the living room. To make it fun and help you watch costs, throw in a few extras that you’d love to have but can only afford if the rest of the budget stays under control. Decide which you can do yourself and which require a contractor.
With needs and wants sorted, list projects from most important to least important. For example, do you really need that additional bathroom? Or would adding a double vanity solve the morning rush problems? Priorities and nice-to-haves On the other hand, if you’re not quite ready for a major project or looking for ways to improve your living space with less money, improvising may suffice. For example, if you’re welcoming an aging parent into your home, your need may be to convert the basement into a mother-in-law suite or add an accessory dwelling unit to the property. Next, sort out your needs and wants based on your goals, budget and functionality. Ideally, you’ll be able to identify projects that satisfy both domestic needs and increase value. Keep in mind increasing home value can also increase property taxes. Building a backyard cottage, finishing a basement, converting a garage, finishing an attic, and remodeling a kitchen are projects that have the highest return on investment potential.
Zillow research, conducted in partnership with Realm, finds that the projects with the highest ROI potential are low-cost ways to add living space, like conversions or additions in which the original structure isn’t impacted.
If your primary goal is increasing value, it pays to know which home improvements tend to foster the most return on investment. What if increasing home value is my main goal?
REMODEL PROJECT PLANNER UPDATE
If your project list seems overwhelming, consider this question: What’s the goal of your remodel? Is it to provide more room and comfort for your growing family? To update the home to a more contemporary look? Do you want to increase the home’s value? Or are you trying to decide whether to remodel or sell ? Answering questions like these will inform your project’s scope. Identify your remodel goals, wants and needs Projects ranging from the relatively straightforward (like updating an existing bathroom) to the extensive (like adding an entire level to your home), will benefit from following these five steps. Whatever your reasons, you’re among the 72% of homeowners who will consider at least one home improvement project in 2022. Maybe you’ve got visions of a broad scale remodel on a new purchase but don’t know where to start.
Maybe you’ve spent more time at home lately and want to tackle an add-on or a bathroom upgrade.
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