1 Budget,
budget, budget
I can't say it enough. I'm an optimist who
always believes that if you spend money on a quality reno instead of cheaping
out, the necessary funds will magically appear. In reality, we know that isn't
true! So make sure you do your homework. Talk to a friend who has been through
a similar reno, do as much window shopping and cost-comparisons that you can
do. Make sure that you tack on at least an extra 20% for those inevitable
issues that will spring up. And check your budget with your contractor or trades regularly to make sure you're on track. Finally, don't borrow
to renovate if you can. A reno is much more satisfying if you save up the
necessary funds before your renovate. Trust me
While few homeowners recoup the full cost of
home renovations, updated bathrooms and kitchens, plus other improvements, can
help you sell your home more quickly, and for more money. The added bonus is if
you do the renovations while you live in the home, you get to enjoy the
renovated spaces for at least a little while before it goes on the market.
