From Nature to Home : How-to make Home Renovations happen in 2018.

Wednesday, January 3, 2018

How-to make Home Renovations happen in 2018.

Welcome 2018! It's a New Year, a time when we make plans for things we would like to accomplish in the New Year. Some of these plans may include Home Renos, which are long overdue. And for some of us, the New Year starts with a knock-them-down, full-out fight over Home Renos. Has this ever happened in your Home?

One partner has looked at paint swatches, pinned images on Pinterest, talked to a contractor and maybe has some Contractor estimates ($$$$) , while the other partner says, No! No home renos. are needed, let the next owner change everything! The battle is on, and it's not a pretty sight. The D-word gets thrown around as frustration mounts ( Divorce).

What is a person to do? Getting angry doesn't help. When you are trying to bring someone around to your way of thinking, it always helps to have your facts and figures in hand. Arguing or having a discussion ?.....it just goes better when you can pull out some statistics, price quotes, etc.

Start with each Room ...list what Renos. need to be done. Let's take a Basement, there is a Bar in a corner with mirrored tiles, and this bar dates the entire room! In 2018, the trend is towards a family room with a central island with storage for games or crafts, maybe a coffee bar, a wine fridge, a TV viewing area, and so on. If it's dark and dingy down in the basement, then lighten up the walls, update lighting, replace the flooring. List all renos for that room, then the next step is sourcing out materials, and the next step is getting price quotes. What is the renovation for the basement going to cost?

Where do you get ideas? Our favourite TV show is Fixer-Upper with Chip and Joanna Gaines of #Magnolia Home. You can check out Joanna's blog for detailed information on past episodes of House remodels. https://magnoliamarket.com/blog/

Other places where we gather ideas from are HGTV, Canadian House & Home, Houzz.com, Scott Mcgillivray, Sarah Ricardson Design, Restoration Hardware, and Rachael Ashwell.

Remember that the same things that are bugging you about your House, will most likely bug a prospective Buyer.

So go ahead and do this for every room that needs a Reno.

Next step, look at the Comps in your area. What have houses nearby sold for and what features do these Homes have? Most Real estate agents will know how to access this information.

Look at your estimated Reno costs. Have a Real estate agent look at your Home and give an opinion on what your Home would be worth if you put it on the Market today, as is. Look at the costs of the Renos you want to do, and figure out your Return on Investment ( R.O.I).

Now you are much better equipped to figure out what Home Renos. need doing. You have a Plan, you have estimated costs, and you know whether these proposed Renos will bring you a better price for your Home when you are ready to sell.

If you fail to Plan, you plan to fail. Having a Renovation Plan going into 2018 will ensure that your Renovations will happen, and not stay in the Dream it...stage.