Of homeowners considering remodeling projects, 35% plan to renovate their home in stages according to the National Association of Home Owners.
If you are contemplating a renovation but want to implement it over time, start by making your PLAN.
First, create a long range WISH LIST for the renovations you would like. Identify areas that are not functioning well or look dated. Decide what is most important: A more functional, brighter kitchen? Larger bath? Adding closet space? Perhaps you’d like to turn a spare bedroom into a home office or a nursery. Once you have settled on your list, determine a REALISTIC BUDGET for your renovation. Make it affordable now, but for phasing purposes, estimate what your budget will allow based on future income.
PRIORITIZE your projects according to your present needs and budget. For example, a young family may need a more functional kitchen/laundry/mudroom. A family with dueling teens might require an additional bedroom or bathroom.
Do It Yourself or Partner with a Professional?
While it is possible to implement a long range plan yourself (especially if you are an avid DIY fan) renovation can be tricky to navigate; homeowners can often get overwhelmed with the decisions and scheduling required.
Here’s where the perspective of an experienced design professional with extensive remodeling and renovation experience can prove invaluable. Not only can they save you money by eliminating costly mistakes, but you may often see a greater return on your investment when it is time to sell your home.