With everyone staying, working, and going to school from home this year due to the pandemic, homeowners are reinventing their living spaces to create offices, school space, gyms, and play space. Families are spending more time at home “nesting” and are significantly increasing the number of home improvement projects, as compared to recent years, as they transform their homes to accommodate their new lifestyles.
Projects for upgrading kitchens and bathrooms that were once on the back burner are now at the forefront because families are in their homes the majority of the time. Kitchens and bathrooms that weren’t functioning well before the pandemic, are now being replaced with custom kitchens and baths made to order for the family.
Homeowners who would have normally sold their homes to purchase a different home that “better suited their needs,” have been reluctant to make that move this year due to concerns about financial stability and a hot real estate market fueled by low interest rates and low residential home inventory that have created a competitive home buying environment. Another contributing factor was the lack of vacation and travel this year. Families who didn’t spend money on vacations or travel this year, have poured that money into improving their homes.
We help our clients evaluate their objectives and explore options that help them better utilize available space and correct layout issues that may have bothered the homeowners for some time. By asking the right questions and carefully listening, we can make recommendations to achieve maximum benefit within the available budget. Here are 13 things to think about when you’re considering a home improvement project.
- Confirm what you really want to accomplish with your remodeling project
- Share your ideas with your designer and remodeling contractor
- Ask questions
- Know your budget
- Research materials and colors
- Research and hire a professional designer and remodeling contractor
- Ask for references
- Choose the best quality possible within your budget
- Understand your agreements
- Be realistic about timing
- Understand the project timeline
- Expect changes and delays
- Understand how this home improvement project will increase the value of your home
Often homeowners move to achieve their goals, however, there are reasons why you purchased your home in the first place. Community, schools, closeness to work, family, friends, and convenience to shopping are all reasons why you purchased your home. If those still hold true, home remodeling may be a better alternative to moving.
If you’re ready for a change in your home, contact us to explore your options.