Renovating your home is a big task, but it can be a fun one if you are planning to stay in your home for the unforeseeable future. But what if you are planning to sell your home, and in fact, you want your Denver basement finishing or other remodeling project to appeal to the next homeowner? How do you know if you are making the right decisions about the work to be done? How do you know if you are going to get the maximum return on your investment.
For one perspective, take a look at what HGTV has to say
about which home improvement projects tend to have the biggest payoff before selling. Read on for some other things to think about before taking on such a big project.
Before You Get Started
If you are doing much more than adding new paint and flooring, you probably will want to get the expertise of professionals. Consulting with experts can help you determine a budget. You can also get a reality check on the amount of time you can expect to be living in a constructions zone. A professional can also help give you ideas for finishes and so forth. (Take a look at our project gallery
to get some ideas for your home!)
Getting a Return on Your Investment
It’s one thing to spend a lot of money on home remodeling if you plan to live in the home for decades to come. But if you are planning a reno so you can turn around and sell the house, you want to be more careful with the way you spend your money. Kitchens and bathrooms tend to sell homes, so it’s usually wise to put more of your money into those projects.
It’s also important to be realistic, however. You don’t want to spend $40,000 gutting and rebuilding your kitchen only to find that your realistic return on investment is only going to be $25,000. Perhaps it makes more sense to refurbish the old cabinets with a coat of paint and new hardware, rather than starting from the ground up in the kitchen. Maybe new grout will suffice for your bathroom, rather than completely retiling the entire tub and shower area.
If you overspend on your home reno project, not only have you lost cold, hard cash with such a proposition, but there are other intangibles that go along with a home renovation project that are more difficult to quantify, including:
Find out more about improving the look of your home before you sell. A professional local contractor such as Ridgeline Design & Build can help you spend your money to get the best possible return when you list your home. Work with the experts at Ridgeline Design & Build
- Your own efforts before and throughout the project, including research, phone calls, emails, and so forth.
- What you have paid for the contractor and others.
- Your time, having to live through the inconvenience of a home renovation project.
for the appropriate home improvement, turning your home into one that your new home buyer will enjoy living in—and which you just might find difficult to leave!