When it pays to remodel your home — and when it doesn’t!
Anyone can offer a list…I am offering an Answer.
I have spoken with several people who have decided that they want to remodel their home. They ask me, “What should we do to add value to our home?” With any Question it seems that another question is the best reply. Are you looking for Return On Investment (ROI) or Quality of life? Usually they look at me like a puzzled cat.
Many people see the TV shows adding value to the bottom line. 6 weeks or 6 months compressed into an hour or less ID an issue, it gets messy, a little drama, then all is shiny and new. Renovation is that and really so much more. Why do you want to renovate? Do you want to update the kitchen to make it something you have always wanted for the purpose of enjoying it for 15 years or are you remodeling for the next owner? There are so many ways to improve the functionality of a home while spending money wisely and at least as many ways to miss the mark and actually cost you money in the long run.
The questions you need to ask are fairly constant, but too many times I only visit with people after they complete a project. It turns out they asked what do I want or what can I afford. They often skip the Why or the What’s next. When someone tells me “I spent $10,000 to Renovate my…………..” and I have to tell them that the work was well done but you and one other person will see the value there because it is personalized, they are generally crushed.
Here is what I offer: Allow me to spend the amount of time it takes to watch a home improvement show and evaluate what you might do and why you might do it. This is a Complimentary service to homeowners in Northern Colorado who really want to make informed decisions. Sometimes the highest ROI is to do nothing while it may be that enjoying a space for the next several years could be Priceless.
A note about me. I have personally done most of the renovation projects that you might consider doing yourself or contract to have done. I also help folks daily who are looking to sell or buy homes. I see plenty of homes, some well renovated while others are not well done at all.
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