How to Select the Best Remodeling Project for You
The next thing is to back up your initial findings by researching what ROI others in your zip code and street have received after completing updates to their homes. This will be extremely helpful if you plan to sell in the near future. As you come across your findings on your exact market, make a list of popular updates and what those homes sold for. In doing so, you’ll see which remodeling updates potential buyers are on the lookout for and how much your neighbors recouped.
From there you can make the call on whether to remodel for your own enjoyment; making updates to satisfy your own needs and wants, or to make updates that also align with the homebuyer market.
Where can you go for this information?
The internet is your best friend. By advancing your searches on real estate sites like realtor.com or zillow.com, you can see what other homes in your area have sold for – which will help you with your dilemma.
How to Get Started on a Remodeling Project & Get an Ideal ROI
Once you’ve decided on whether you’ll be remodeling to suit your unique tastes or follow the trend of what’s selling, you’re ready to begin selecting the style and design of your space. Think about daily routines and what frustrations you’re currently experiencing. Families who frequently entertain in the kitchen may want to expand the room and add an island with seating. If your bathroom is the place where you escape the world, you may want to expand the shower or add a soaker tub.
To help you piece together different design possibilities, take to the resources below for ideas:
- Sketches & floorplans
- Family & neighbors
- Remodeling professionals
The wide array of project design options can be both dazzling and intimidating. To avoid straying from your concept, you can:
- Add all your ideas to a folder
- Create sub-folders to house specific details (cabinetry, paint colors, flooring, etc.)
When you find yourself torn between the style of your room, create a folder to house each style. For example, if you find yourself attracted to farmhouse kitchen design, create a folder called “Farmhouse Design Concepts”. For contemporary bathroom concepts, create a “Contemporary Master Bathroom Design”.
You may discover that there are consistencies between the sub-folders and Design Concept folders – helping you to narrow down your ideas.
How to Hire the Right Remodeling Contractor for Your Project
Working with a Contractor can eliminate the stress, overwhelm and product uncertainty that comes with kitchen remodels, bathroom updates and home makeovers. It can also keep your project on time and on budget. However, not every home remodeling Contractor works the same. Some may present you with a proposal and pitch and price that’s opposite of your research. In most of these situations, material and product selections are not accounted for at the beginning of the project. Therefore, the thousands of dollars you saved in your proposal may soon add up in material and product selections once the project is underway.
To make an informed hiring decision, avoid overwhelm & stress and unexpected project costs, turn to our free Choosing the Right Contractor Guide
Are you considering a remodel project for 2019 but don’t know how it will play in the Central NJ housing market? We can help! Get in touch and let’s discuss how likely your project is to pay you back.