Remodeling Your Denver House
·
Budget
for success – However much you think the renovation might
cost, realize that it will likely cost more. Keep that in mind when considering
whether you can truly afford to make the changes.
·
Put
your money toward your priorities – If you live to
travel, and you spend very little time in your [city] home, is the best use of
your funds really a renovation? Think about the return on investment as it
applies to your happiness.
·
Remodeling
only goes so far – If you want to rip out the kitchen
and both bathrooms and add three bedrooms, what you may really want is another
house. Both remodeling a home and buying a new home require a financial
commitment. To help you decide whether you should remodel
or move, recognize your goals. Do you prefer to stay where you are
because you love your current neighborhood and the easy commute to work? Or
would you rather move to a new area?
·
Understand
the upheaval – Depending on the extent of the renovation,
areas of your home may be out of commission and uninhabitable for stretches of
time. If you renovate your kitchen, for instance, cooking is off limits or severely
constrained for some time. Can you handle the mess?
·
Now and the future – When
you are looking at your budget, consider how secure your current income
is. For instance, if the contract for
your position is up in a few months, make sure that renewal is likely before
setting your remodeling budget.
·
Invest wisely – If you are
planning on staying in your house over the long-term, and want to make it more
comfortable, then renovation can make sense. If you are planning on selling the
house, consider whether the changes you want to make will increase the value
and be worth the headaches that will come with all the work.
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