Is It Worth Renovating A House?

Home remodeling is not for everyone or every house. Until pulling up the piece of carpet or putting on a paint tester patch in the living room, consider the reasons why you may want to avoid — or at least delay — the home remodeling you’ve been dreaming of.

You May Not Break Even

So many factors are at play in a house sale that it’s difficult to determine how each contributes to the sales price. Factors that are not related to remodeling can have a greater impact on the price of a house, such as economic climate, comparables, mortgage rates, and more.

Many house remodels maintain high value: big renovations to the kitchen, extensions, bathroom repairs. Other remodels make no return on selling. Investigate the resale value of projects for home remodeling, and acknowledge reality. Maybe the pirate-themed office you’ve created for yourself is just that — for yourself, not subsequent purchasers.

Eco-Friendly Remodels Are Still Difficult

Recent development ensures that the homes are more environmentally friendly than ever before. But the remodeling process is an inherently inefficient process. Look at your dumpster ‘s contents on your next kitchen remodel and you’ll see 40 cubic yards of drywall, wood, carpeting, vinyl flooring, metal, and glass — all meant for landfill. Remember not just that, the money lost in processing and transporting the construction materials.

You should also make the next remodel as green as possible. If you are not sure how to do this, it is for this very purpose that LEED consultants exist. Be sure to always buy EnergyStar-rated kitchen and laundry room appliances.

Home Remodels Can Fray Relationships

Remodeling at home can have a corrosive effect on marriages and another close, personal ties. Recover your life by maintaining a good balance of remodeling and living with your people a rich, full life, whether this means your spouse, children, parents, friends, or whomever. Examine all the ways you can keep your relationships safe. Budget a long term stay in a hotel for any remodeling project that takes out of service a large room.

Costs Always Seem To Rise, Not Fall

Find a contractor who can deliver a bathroom remodel on time and on budget, and for the rest of his life, he will have guaranteed the company. More realistically, large-scale remodeling projects are fraught with order adjustments that raise costs and delay the date of completion. Even tiny remodels have a special way to inch up prices.

Some Home Projects Are Difficult To DIY

Some tasks are tidy and well-defined: for example, interior painting, floating floor installation, replacement of electrical outlets, or the construction of small objects such as benches or coat racks.

But when you start a project by yourself, things get expensive, find yourself out of your element and then move the project to a contractor. Categorize projects as do-it-yourself, hire-a-pro, or some way to avoid the issue. Test projects against the easily discernible skills you already have in home improvement — not the skills you aspire to possess in home improvement.

You Might Get Scammed, So Be Careful

Contractors work extensively to reduce the risk of scams. Be sure you try out the contractor, not the other way around. When the contractor appears unsolicited at the door, a potential scam can be in the works.

Your House May Not Really Need Remodeling

Before committing yourself carefully consider your next home remodeling project. Realize that there is no shame in deciding not to carry on the remodel at all.

So, is it worth renovating your house? That really depends on your specific situation. By taking the time to consider all of the factors involved, you can make an informed decision about whether or not a home renovation is right for you. Thanks for reading! We hope this post has helped answer some of your questions. If you have any additional thoughts or questions, please share them with us in the comments below – we love hearing from our readers!