Trying to get a remodeling budget in place and not sure where to start?
We definitely suggest reading our post from earlier this week on the most common home renovation mistakes first. Knowing what to avoid may help guide your planning process. And here are some tips for determining where to splurge and where to save as you map out your projects.
Where to save
- Kitchen cabinets – If the layout of your kitchen is well-suited to its use and your existing kitchen cabinets are solid wood, consider having them refaced rather than replaced.
- Flooring – Hardwood is gorgeous and usually a good bet. But if you have pets, perhaps look into some of the new laminate options. You might be surprised by how much you like them.
- Appliances – Unless you are a high-end chef there’s no need for high-end appliances. That doesn’t mean you can’t find top quality, attractive appliances in the mid-price range.
- Functionality – If the flow of your home is works as-is, perhaps you don’t need it to become an open floor plan. Or if your kitchen or bathroom is modestly sized but well suited to your needs, consider keeping the size and layout essentially the same. Spend the money on changing out the details or adding special touches like trim work instead.
- Windows – If you plan to get new windows, attempting to keep the replacements the same size can save you thousands.
- Big Box Stores – Don’t forget Home Depot and Lowes have a wide variety of options for remodeling projects. If you stick to simple color palettes and patterns you can often find a lot of materials at big box stores that can look much more expensive mixed into the renovation.
- Paint – Never, ever underestimate the incredible power of paint. Sometimes that alone can transform an entire room.
Where to spend
- Permanent parts – Don’t go cheap on roofs, insulation, doors, radiant heat or other permanent fixtures like a bathtub. These should stand the test of time.
- Countertops – No need to break the budget for counter tops but do consider investing in solid surface options that aren’t too trendy.
- Adding usable space – Converting an attic or adding on can absolutely be worth the cost if the space becomes usable and increases the value of the home.
- Exterior facelifts – The right changes to an exterior can literally transform a boring home into a neighborhood stand-out. Adding a porch, beams, or dormers can bring character to an otherwise plain exterior. Also, new siding and garage doors (if in the front) can go a long way on maximizing curb appeal.
All home remodels are a balance act between budgets and desired outcomes. Knowing where to spend and where to save can make every dollar count and increase the chances you’ll be satisfied in the end!
Looking for a Nashville home already remodeled? Call DeSelms Real Estate today at 615.550.5565 and let one of our award-winning agents show you what’s on the market!