Choosing whether to make upgrades to your home isn’t an easy decision. Many factors must be considered, including the type of project you’re looking to start. It’s easy to get caught up in the idea of creating your dream kitchen or bathroom; however, it’s important to do due diligence and research each project you’re considering to find the best fit for your home.
What’s the Difference between Renovating and Remodeling?
Though they’re often used interchangeably, home renovations and home remodeling are different, and it’s important to know which is best for your project. If you’re looking to renovate your home, you’re looking to restore a room to its original condition. Renovations are not typically major projects; instead, they are typically smaller projects like upgrading cabinetry or installing new light fixtures. Remodeling, however, is a larger project that involves changing the design of a room, or even your home. Remodeling projects include finishing a basement or building an addition onto your home.
What Should I Consider before Making My Decision?
What is your budget?
Before deciding where you’re looking to make upgrades, be sure to analyze your finances and create a budget for your project. Remodeling projects are costly, often requiring professional labor and expensive materials. Depending on the scale of the project, changes to the wiring, plumbing and ductwork of your home are sometimes necessary. Costs will quickly add up, often exceeding the budget created for the project. If you’re looking to keep costs low, we recommend choosing a home renovation project. Though these projects can still be costly, they’re best for homeowners on a strict budget.
What is the Scale of Your Project?
Are you looking to give your home a major makeover or make smaller, more subtle changes? If you’re ready to turn your house into the home of your dreams, remodeling projects are best. However, it’s important to understand the scope of the project – remodeling projects won’t be finished overnight, sometimes taking weeks or even months to complete. These projects are also costly, often with unexpected delays and expenses if issues are discovered once the project is underway. Renovations are recommended for those looking to make cosmetic changes to upgrade the look of their home. These projects often take less time to complete and are best for those looking for a weekend DIY project.
Do you plan on staying in your home long-term?
We understand this is a major decision you may not know the answer to right away; however, it’s important to consider whether you’re looking to sell your home. Many home improvement projects offer a high return on investment, also known as ROI, which allows you to recoup some of the cost of your project should you decide to sell your home. If you’re looking to sell your home soon, it’s better to make smaller home renovations, like updating your windows or siding. Remodeling projects, however, are recommended for those looking to stay in their home long term. These projects are often built to fit the current homeowner’s taste which may not be the taste of potential buyers.
Choosing the Right Project for You
Before setting your sights on a total home remodel, we recommend looking at the return on investment for each project to identify which project offers the best value. According to Remodeling Magazine, vinyl window replacement and vinyl siding replacement offer some of the best value in home remodeling at 72.3% and 74.7% respectively. Garage door replacement offers the best ROI in renovating with almost 95% of cost being recouped. Kitchen and bathroom remodels have lower ROIs, offering an average of 60% return on investment.
Ready to Start Your Project?
If you’re considering a home improvement project, contact Window Nation. Our team of exterior design consultants will meet with you to discuss your project and offer a quote good for up to six months. Contact us today for more information.