As your family continues to grow, your lifestyle and living arrangements will evolve. Perhaps even today, you feel as though your home can no longer accommodate your family’s needs. While moving could certainly solve the issue, it’s not always the right decision for everyone, especially if your family loves the surrounding neighborhood and community.
A home remodel may be the best solution, but before you begin knocking down walls and revamping the floor plan, take some time to thoroughly discuss the decision with your family to ensure each person understands what a home remodel will entail.
To help you determine if a home remodel is the next step and decide when is the best time to remodel your home, we’ve compiled a checklist of essential questions to answer before you start the remodel process:
While home remodels can truly transform a home, there’ll be some limitation to what you’re able to achieve within your budget. Ask yourself this: what will our remodel solve?
Other important questions to consider:
Reconfiguring the layout and floor plan of your home may help address such issues. But if you need more square footage, your home remodel may require an addition, and local zoning and building requirements may have restrictions on what you can or can’t do. Once you know what your remodel goals are, a simple in-home consultation with our Gonyea team will allow us to assess your home, listen to your plans, and recommend the right approach.
Without discussing your plans and goals with Gonyea, it’s difficult to say how much your investment will be as every home remodel is different, and the costs of a remodel vary based on many factors, including:
Consider how much investment you and your family can realistically afford for a custom remodel. It may help to discuss your plans with your financial advisor to assess your financial readiness and talk with your banking institution about what financing options are available to you and what the upfront costs may entail (e.g. down payment, taxes and fees, etc.).
As you create a budget for your remodel project, be sure to pad your budget with a contingency fund in case unexpected expenses arise. The Spruce recommends getting an accurate remodeling estimate and adding 25% to that figure to compensate for any changes in costs that often occur during large-scale remodels.
Rome wasn’t built in a day, and neither is a whole-home remodel; remodeling requires time and patience. If you’re pressed for time, it’s likely not the right time to remodel your home as remodeling projects typically take longer than many realize. Many projects can take several months to complete, depending on the scale of the renovations, and some more-involved remodel projects, like adding a second story or completing a new addition, may require foundation work, installation of mechanical systems, inspections, and permit-processing time. Discuss your unique situation with Gonyea to determine a timeline estimate specific to your project’s scale.
While remodeling can boost the potential resale value of your home, a variety of factors influence how much of a return on your initial investment you may see, such as:
Arguably, renovations like transforming unfinished spaces into additional living spaces or bedrooms and remodeling kitchens or baths may be areas homeowners see a better cost recovery.
When deciding when to remodel your home, it’s important to consider what upgrades or changes could boost your return on investment; however, your family’s needs are equally important. At Gonyea, we’ll help you find the right balance between suiting your needs and adding to your potential return on investment.
There’s no right or wrong answer to this question, as the scale of your remodel project(s) depends on the time, energy, and budget you can invest and the goals you want to achieve. Renovating gradually may be the right option for some, and it can help distribute the upfront costs over more time; however, if you’re considering to renovate gradually, you’ll need to thoroughly plan for all the renovations you intend to make, so you don’t waste time and money on a project that’ll need changing when it’s time for the next renovation. Think about the logical order to perform all the remodeling projects you plan to do to avoid mishaps and backtracking down the road.
Is your home no longer functional for you and your family, but you adore your location and neighborhood? If so, remodeling your home may be a viable option for you! At Gonyea Transformations, we understand how exhausting and overwhelming home remodeling projects can be for homeowners, and we’re committed to minimizing the stress such a large undertaking can have on your family, which is why we provide transparent communication and superior customer service with our attention-to-detail, craftsmanship and transformational designs, so you can truly enjoy your home-remodeling experience.
If you’re considering taking on a home remodel, we offer home-remodeling resources to help you best prepare for planning your home remodel. When you’re ready to begin your home renovations, contact the experts at Gonyea Transformations to discuss your family’s needs, goals, and preferences, so we can help you bring your unique vision to life.