Everyone has that image in their head of a serene, dreamy, picture-perfect, magazine front page house they would like, but unless you are filthy rich or ridiculously lucky, your dream home is likely to remain just that, a dream. Investing in a home is a huge decision, and when you start thinking about renovations, you want to make sure you get at least part of your dream home with every coin you spend. With three tips, you can start making that happen with every renovation.
- Determine what constitutes your dream home
A dream home means different things to different people. It could be tons of space, an infinity pool, or living in Beverly Hills next to your favorite celebrity’s humongous home. Whatever it means to you, having that vision in your mind gives you a place to start your renovation because you have a result you are working towards.
- Think about structure
Before you embark on any renovations, visit your local government and obtain the necessary permits and building-related regulations before making any modifications to your home. The original architectures included all structure elements in mind when designing the structure, and any alterations could have a detrimental impact on you and your family. An architect or contractor will advise you on whether it’s viable to bring down that wall, so you have an open-air kitchen or add a second floor to your home.
Also, think about pest control and sanitation beforehand. It’s common for people to build rodents into the structure because they ignored pest control. Talk to a certified pest control palm beach county company and have a pest management professional involved from the beginning of the project. They will assess pest activities in the area, determine what measures to take, pretreat for termites, and inspect raw materials for pests before building starts.
- Determine your budget
The price tags involved may shock you because renovations are not cheap. You may even feel like starting from scratch will cost you the same as a renovation. First, determine if you want to take out debt for the remodel or save until you have a sizeable amount stacked away to cover the costs. If you choose to take a loan, be clear on all terms and conditions, and work out how economic changes will affect your loan repayments. Saving may take you a while, but you will reduce your monthly financial stress by knowing you don’t have a loan to pay. It’s especially prudent to use this route if you are nearing retirement.
Alternatively, you can start with smaller projects that don’t need a lot of money. Start with the remodels that won’t break your bank, such as a bathroom remodel, window replacement or bedroom remodel.Most people fail to turn their homes into dream homes because of the financial implications of renovating. But with patience, a plan, and the right team, you can take a step at a time to make your home into that spectacular space you’ve always wanted.