5 Questions to Ask Before Starting a Home Renovation Project

Renovations / Thursday, August 22nd, 2019

Home renovation projects can be very exciting to take on. Not only can they boost the value of your Toronto real estate, but they can also create a more enjoyable space for you and your family. That being said, these projects can be a little stressful if they’re not properly planned. To make your home improvement endeavor a smooth and enjoyable experience, be sure to consider the five questions below. 

1. What kind of space am I trying to attain?

Whether you are taking on an indoor or outdoor project, there are many different ways that you can transform the space. It is important to consider what you are trying to gain from the new area. Are you trying to increase comfort? Are you trying to make it extremely functional? Or are you mostly concerned about improving the aesthetic appeal? 

2. What key features do I want to add?

Any home project will have limitations. You might be limited by the amount of space available, the time on your hands, or your budget. In any case, you’ll have to set priorities for your project. If you’re doing a kitchen renovation, for example, you’ll have to consider the features that are most important to you. Is it critical that you have a walk-in pantry, or did you really want that granite island addition? If you identify your top priorities, then you’ll be on the right path for a successful project.

3. What’s my budget?

This is definitely an important factor, and involves more consideration than you might expect. In order to determine a budget, there are a few things you’ll have to think about. First, how long do you plan on living in your house? If this is seen as a long-term investment, then perhaps you can spend a little more. Next, how will you finance the cost? For large projects, some will finance it through their bank in the form of a loan, while others will tack it on to their mortgage. Finally, be sure to account for the unexpected. Rarely do home renovation projects go exactly as planned, so be sure to add a small buffer to your budget so you can be fully prepared.

4. What’s my timeline?

Without a rough timeline, home renovation projects can drag out. Examine every step involved in the project and form a rough estimate of its duration. Also consider external factors that might affect your timeline. Perhaps your kitchen needs to be completed before your family comes for that birthday celebration, or maybe you’d like to get your deck finished before the cold weather hits. Having milestones can ensure that your project gets done in a timely manner. 

5. Am I doing this myself or hiring a contractor?

This is a big one. Many people will jump at the opportunity to complete the project themselves, without giving the consequences much thought. Sure, there are great perks to doing the project yourself. You’ll likely save money, and you’ll get to oversee every step of the process. However, keep in mind that this could prolong the duration of the project, limit your free time, and cause some stress as you’re forced to learn each task. There are pros and cons to each option, so consider your background and main goals before you decide. 

Final Thoughts

Whether you’re looking to put houses for sale in Vancouver or simply gain further enjoyment from your space, embarking on home improvement projects can be very rewarding. As long as you’ve considered these important questions, you should be on the right foot for completing a successful renovation!

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