When you look around your home, you might notice a few projects some bigger than others that you want to work on.
It could be that you feel your bathroom is dated or that you don’t like the color of your living room walls. Perhaps some of your carpets are becoming a little worn, or maybe you want to improve the functionality of your yard so you can make more use of it.
No matter what the project might be or what size it is, you’re going to have to spend money on it. That’s true even if it’s a DIY job that you already know how to do you’ll still have to buy materials and take time off work (or use your precious spare time) to do it.
This is why it’s so important to weigh up the pros and cons of each separate home improvement project to ensure that it is worth the money and that it will be a wise investment. With that in mind, there are some important questions to ask yourself before you make any changes. Read on to find out what some of them are.
Is It Broken?
There are many reasons to carry out a home renovation project, but one of the most important is if something is broken. A shower that no longer offers hot water, an electrical socket that doesn’t power anything, or a window that has a crack in it, for example, are among the many things that need to be put right as soon as possible.
Therefore, if you’re wondering where to start with your home renovation and where, most importantly, you should be spending your money, the question of whether something is broken or not is a good place to start.
It’s important to live in a house you’re comfortable with, and that means the overall look of the place is an essential thing to get right. However, if there are things that are broken, making your home look nice isn’t going to help you’ll still have to deal with the repairs at some point.
Therefore, make a list of anything in your home that isn’t working as it should and use this as the basis for your first home improvement projects; these jobs are definitely worth the money as they will help you enjoy your home more.
Can I Get a Discount?
Sometimes the cost of home improvements is prohibitively expensive, and no matter how urgent they might be whether they are repairs or they are simply improvements you just can’t justify the money for them.
However, what if you could save money and get a discount on the items you need to do the work? At this point, your home improvement will be worth the cost, as you are spending less than you initially thought you would have to.
This is why negotiating with suppliers, whether they are selling materials so you can do the work yourself or they are selling the services themselves, is a great idea. You have nothing to lose in doing this; the worst they can say is no, at which point you can try negotiating elsewhere or save up to get the work done if you still feel it is necessary.
Not everyone is comfortable with negotiating, and it is certainly a skill that has to be learned. Luckily, you can still make savings even without having to negotiate. If you can be patient and wait for stores to hold sales, if you search online for coupons, or if you can find the Home Depot deal of the day, for example, you can save money, and the more money you save, the more your home improvement project will be worth doing.
Will it Add Value?
This question may not be something that you need to ask yourself if you don’t intend to sell your home or remortgage it at any point. However, most people will want to add value to their property, even if they are not going to sell imminently (but especially if they are). Therefore, it can be a good question to ask yourself; will the home improvement you are thinking about carrying out add value to your property?
If the answer is yes, in other words, if it will add more money to the property when you come to sell it than you spend on the project, then you will immediately know it is worth the money. If the answer is no, and you’ll lose money, then you’ll need to think again.
If you intend to sell your home in the near future, and perhaps that’s why you’re making changes in the first place, then a loss could have a devastating impact and shouldn’t be considered. If you aren’t going to sell your home for a long time, then it might still be worth carrying out the project because, by the time you have your home valued, the price may have gone up enough to justify the cost.
Will You Enjoy it?
Not every home improvement project needs to make money or be done because it is necessary due to something being broken, for example. If it is something you will enjoy and that will make your home more comfortable, sometimes this can be the best reason of all.
The project might not make you any money as such, but if it makes your home a more pleasant place to be and a place that reflects your own personality and tastes rather than someone else’s, then it will be money well spent.
Your home is meant to be a sanctuary, a place where you can rest and relax and get away from the trials and tribulations of the outside world. One of the best ways to ensure this is the case is to make it look and feel exactly how you want it to look and feel. Spending money to ensure this happens can often be the best thing you do, as it will mean your home becomes a place where you can de-stress and feel good and that’s priceless.