When to renovate – and when not to

The prospect of renovating or remodeling a home can be exciting but it’s often wise to take a step back and consider it thoroughly. Sometimes it’s more prudent to wait and sometimes it’s wiser to postpone it indefinitely – if not completely.

First of all, consider the expense. It’s almost guaranteed that a big project will cost more than the the original estimate, especially if contractors are involved. If you’re looking to significantly increase the value of your home, make sure the return will justify the expense.

Secondly, projects are going to be disrupting. Just how long is it going to take to put in that new flooring? Of course, the complexity of the project will determine how long it will take, but take the time to consider how long life will be turned upside down.

Finally, it all comes down to: is it worth it? Unless the answer is an unequivocable YES then why not wait and consider the ramifications more thoroughly.

Share

Speak Your Mind

*