How to Know if it’s a Good Time for a Remodel

At some point, every homeowner thinks they’re ready to freshen up their home with a remodel. But is it a good time to do it? A remodel can take up a lot of time and money, and considering several key points can save you from making costly mistakes. Whether you’re adding a room or updating your kitchen or bathroom, take the time to make sure it will be a useful change.

Here at GreatBuildz, we speak with clients every day about planning for a home renovation project. GreatBuildz is a free service that connects homeowners with reliable, pre-screened general contractors in Los Angeles, Orange & Ventura Counties, then provides ongoing project support to ensure a stress-free experience. In this blog, we’ll share some ideas and tips on when to consider a remodel project for your home.

You Have the Funds to Spare

Save money

It’s an obvious consideration, but you need to make sure that you either have plenty of money available for a remodel or have another good plant or how to finance one. Don’t forget to come up with an accurate budget and stick to it, or you can quickly find yourself going over. You’ll need to factor in the cost of materials, labor, and any necessary permits. Be sure to have a financial cushion in case unexpected costs arise. 

After you have your planned budget, you’ll want to get quotes from numerous contractors. This will help you make any necessary adjustments to your budget and give you a better idea of what to expect in the project. Once you think you’ve decided on a contractor, check your finances one last time to make sure you’re ready.

You Plan on Staying in the Home For Some Time

If you’re thinking about moving soon, odds are it’s not the best idea to remodel. Not only will you not get long to enjoy its results, but you’re already looking at big expenses on the horizon with the move. On the other hand, if you plan to stay in the home for a while, a remodel can be a great way to increase your home’s value, improve its aesthetics, and make it more comfortable.

There are several benefits you can get out of a remodel, including:

  • Making it yours: If you weren’t the original owner of the home, you didn’t get one of the best benefits of a new home: customizing everything from the floor plan to the exterior. Remodeling your home can let you create a living space that truly reflects your style and makes you happy.
  • Adding more space: Remodeling can open up areas of your home that were previously cramped or add entirely new sections.
  • Increasing home value: Modernizing your home by upgrading outdated features and adding smart home technology can significantly increase its value. This will come in handy if you do sell down the road.

Your Home isn’t Meeting Your Needs

Evaluate how your current home works for you and anyone else living in it. Are certain areas too small or outdated? Do you need more storage space or maybe an office? If the answer to any of these questions is yes, a remodel can help transform your home into what you need.

Also, consider your lifestyle. If you’re an avid entertainer and your home doesn’t have the necessary space for your guests, a remodel may be in order. Similarly, if you’re a family of five, but your home only has three bedrooms, it might be time for a bedroom addition or conversion.

Your Home Needs Many Repairs

renovate repairs

Have you noticed any water damage or leaks? Are the walls cracked or damaged in any way? Are the fixtures and appliances outdated or broken? It’s important to address these issues as soon as possible to avoid costly repairs in the future. Remodeling can be a great way to repair existing damage and make your home more efficient and comfortable.

It’s a good idea to consult a professional first and see what repairs are needed. They can help you assess the damage and provide advice on how to make any necessary repairs. From there, you can start to think about turning it into a bigger project to update your home.

You Think Your Home is Outdated

While some people like the aesthetic of older homes, you might not be one of them. If you think that your home looks outdated and needs some fresh style, a remodel can bring it up to date. Maybe it’s the lighting fixtures that feel out of place, or other things like wallpaper or textured ceilings. Whichever parts of your home don’t fit your desired modern look can be updated through a larger project.

Apart from the aesthetics, there are practical reasons for updating an outdated home as well. There might be accessibility issues with the original layout, or it may simply feel too cramped. And even if older utilities haven’t caused any problems yet, it’s likely only a matter of time. Modernizing your home can take care of problems, both present and future.

You Think You’ll Get a Good Return on Investment

exterior

One of the most important parts of a remodel is its potential return on investment. Unless you already know it’s time because of a factor above, the ROI may be the piece that tells you whether it’s a good idea. If you plan to stay in your home for a while, this is less about the money; consider whether the planned changes will improve your life. 

On the other hand, if you plan to sell soon, calculate how the remodel will affect your home’s value. You certainly don’t want to do anything that will make it less appealing to buyers. Be aware of current trends in the housing market. Knowing the amenities driving sales in your area can help you decide if a remodel is a good idea. If it’s popular for homes in your neighborhood to have modern features and updated kitchens, it may make sense to invest in that.

Are You Ready for a Home Remodel?

There are many factors to help you decide whether it’s a good time for you to do a home remodel. If you have a good financial plan in place and aren’t getting what you’d like out of your home, it might be a great time to increase its value and comfort. On the other hand, making big changes just for the sake of it might not be the best idea. Ultimately, the decision should be based on your situation.

 

When it comes to planning and coordinating a remodeling project in Los Angeles, Ventura, or Orange County, you shouldn’t have to go it alone – GreatBuildz can help. GreatBuildz is a free service that connects homeowners with reliable, thoroughly screened general contractors and provides project support from start to finish.

Hi, we're Paul and Jon - Co-Founders of GreatBuildz. We believe everyone deserves to find a great contractor, have a stress-free renovation, and enjoy their beautiful new space. There are so many contractors out there and it's often hard to tell the good from the bad... until it's too late. We started our company to help simplify your contractor search and help you have a stress-free renovation experience. We're always available to help, no matter where you are in the process. Click here to learn more about our story.

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