Cost vs. Value: Home Improvement Projects that Pay Off - PART 3: Tips on Maximizing Your Home Improvement Investment

Tuesday, 26 December 2017 16:25
Planning to invest in some home improvement projects this season? Roofing and window replacement are just two of the smartest projects you can do for your home—there are a lot more out there that can ensure your home’s overall beauty, comfort and value. When considering remodeling projects, careful planning is essential to ensuring that everything will run smoothly. After all, remodeling tasks take a considerable amount of time and money, and sticking to a blueprint can minimize the hassle of carrying your project through to completion. Keep these important tips in mind to help you maximize your investment:
  • Assess Your Home’s Condition – Look around your home and ask yourself the essential questions: Do I really need a complete remodel or replacement, or will a few aesthetic touch-ups work just as well? Taking the time to consider the options and examine what your home really needs not only helps you better control overall costs, but also helps you keep things on track. Sometimes, homeowners make the mistake of replacing things while they’re still in good condition. Unless your aim is to boost home value and aesthetic instantly, or to sell your home soon, be sure to think twice about making major modifications. Don’t forget to consult an expert for advice on your plans.
  • Budget Properly – Unless you keep a close eye on things, your home improvement budget can run wild due to unexpected changes in plans, or simply because of unexpectedly high price tags. To make the most of your investment, it’s always best to determine what you can afford and stick as closely to your budget as possible. Determine what you can spend first and then do your homework to determine how far that amount can go. As you create your budget, remember to set aside an additional 20% for possible contingencies.
  • Go Green – The latest on roofing and window technology, as well as innovations in other aspects of home improvement has paved the way for the development of sustainable, energy-efficient products. Be sure to consider green options to help you save on utility costs over time, as well as to help protect the environment.
  • Hire a Professional – This means choosing someone who has the right bonafides: complete licenses, insurance policies, certifications and bonds. Hiring an expert can add an extra layer of protection for  your investment. They’ll have the right solutions to the problems, helping you maximize the potential of your upgrade projects.
When choosing which projects are worth your time and money, it’s important to weigh the cost and value of each one. If the total cost exceeds the amount to be recouped, it might be better to invest in something else instead. Analyzing these factors is the most logical and effective way to make sure your remodeling budget is well-spent. However, in addition to practicality, it’s also as important to think of your investment from an emotional standpoint. It’s essential to keep you and your family happy, because in the end, your home is more than just financial matters and calculations—it’s a place where you should be able to be yourself and feel, well, at home.