Pros and cons of springtime home renovation
Hiring Moving Experts - April 6, 2020
People have bought 5.1 million homes in 2017 and that number has continued to rise over the next two years. Apart from that, Houzz reports that the average home renovation budgets in 2016 were around $33,800. Indeed, buying a new home is an exciting prospect, especially if it is your first home. If you are a first time home buyer, you should hire our residential movers Fort Worth TX to help you with moving whilst you’re contemplating all the possibilities. Your doubts might include questions on whether to purchase a fixer-upper or choose a home that is move-in ready. Regardless of which route you take, the pros and cons of springtime home renovation are something to consider long before you begin the project.
Here’s a preview of some pros of a home renovation
- You may get an increase in the value of your property: This is great news for people planning on selling their house. With the right renovation ideas, you could significantly increase the price of your house. And for property investors, it can generate a significant profit.
- It’s more budget-friendly than buying a new house: A house renovation can be more affordable than moving to a new and bigger home. Plus, that may mean you need to take out a new loan or refinance.
- It allows you to add your personal touch: With your renovation ideas, you can add your own personal touch, expectations, and desires to your existing home as compared to our long distance movers Fort Worth relocating you to a new house that only has a few features that you want.
- Improving and updating your house this springtime home renovation is truly exciting: Your old house may seem like it’s stuck in vintage times but a renovation can update it to meet your needs.
1. You can design the home you want on your own terms
When you choose your home, it’s important to know what you are getting everything you need, including the type of housed and yard, neighborhood, structural integrity, and price point to name a few. If you choose a home that addresses the basic needs but needs a bit of remodeling upon moving in, it can be a great option. A home renovation will allow you to add all those personal touches that will make the home yours. A house renovation might include just a few new window trims and siding for a more modern look. Or you can upgrade the kitchen to meet your family’s needs etc.
2. You will have a major sense of accomplishment
To minimize and avoid the stress of your springtime home renovation, keep these 3 things in mind:
- Focus on what you achieve during each day of the project. Noticing the momentum will remind you that progress is being made.
- Accept that some things can and will go wrong. Like all things in life, there will be some bumps in the road.
- Work out a strict budget. Set a precise cost estimate. Ask your contractors for paperwork so you can see where the money is going.
3. Take advantage of energy-saving options for your springtime home renovation
A new home renovation is a great chance to take advantage of the energy-efficient building materials and methods that exist today. Nowadays the market can offer us high-efficiency windows, new insulation, and under-floor heating. Those are all great ways to save on your energy bills long-term! Your new home can not only be satisfying from an aesthetic point of view, but these options will add value to it over time. Which is a springtime home renovation win-win!
With a good springtime home renovation plan, you can increase your home’s value
Sometimes, this value can be significant – starting from modernizing the kitchen or bathrooms. On the exterior, renovations like upgrading your roofing and siding or porch add one will boost your home’s curb appeal. Which is a very important point to consider when you decide to sell. The increase to your home value adds equity as well, which may help you secure a better rate when it’s time to refinance. Depending on the type of renovations you select, you could also leverage significant tax advantages. You can find several federal tax credits available for energy-efficient upgrades. Not only that, but you can also deduct the cost of your upgrades from your capital gains tax once you sell the home.
Here are the cons of a springtime home renovation
- There’s a danger of overcapitalizing: This is the most common mistake among people doing house renovations. Usually, their cost of renovations outweighs the amount of value added to the property.
- There’s no guarantee you’ll get your money back: Wrong renovation ideas can really put a seller off come sale day. Overspending or going over budget can be a waste of time and effort.
- You may need to move out or rent until your springtime home renovation process is complete: Let’s face it, your home will be a construction zone for a number of weeks or even months. You may need our packing services to move out and live with family or friends, or rent a place. This can be a stressful inconvenience where you will also spend additional money.
Boost your springtime home renovation process with our help!
Making a list of pros and cons is a good starting point to help you reach any kind of decision in life. We hope we helped you decide whether a springtime house renovation is right for you. Remember, making sure that you get your paperwork and finances in order is the most important part of this fun project. This also includes applying for a construction loan if needed. For everything else you might need, such as packing or storage services, you can call us at Evolution Moving DFW. We can help you additionally streamline this process in order to keep the burden off yours and your family’s back.