You’re finally settled in your home and are ready to renovate for your dream home. Renovations are a huge commitment and can be costly, so it’s important that you have a plan before getting started.
Home renovation can be an exciting and rewarding process, but it can also be overwhelming and stressful if not properly planned. Whether you’re looking to update your home’s style, increase its value, or make it more functional, there are several important factors to consider before starting your renovation project.
How Long Does it take?
Ensure you have an alternative living while your house is getting demoed and built because it can take up to 4 – 6 months.
How to get started
The first step in any home renovation is to set a budget. This will help you to determine what renovations are feasible and how much you can afford to spend. Be sure to factor in contingencies for unexpected expenses, such as structural issues or unexpected complications that may arise during the renovation process.
Next, consider the scope of the renovation. Are you looking to make small updates or are you planning a full-scale remodel? This will affect the length of the renovation process and the amount of money that you’ll need to budget.
Once you’ve established your budget and scope, it’s important to choose a reputable contractor. Look for someone with a good reputation and experience in the type of renovation you’re planning. Be sure to check references, ask for a detailed contract, and have a clear understanding of the scope of work and timeline before signing on the dotted line.
Some additional considerations and tips:
- Look for inspirations online such as social media channels – Pinterest, Instagram, or Tiktok, or website of interior design or publication companies.
- Hire professionals for construction and design, or see if some if you can handle some projects on your own
- Obtain permit if necessary
- Move out if needed
- Consult with a realtor for advice or if looking to sell
What’s the Average Cost of Renovation in San Francisco?
Draftingcafe states a full home renovation can cost between $300-$700 per square foot. The average cost of renovating a home in the Bay Area can vary greatly, but a rough estimate can be around $200,000-$500,000. This cost can go higher if you are looking for luxury finishes and high-end materials. However, it’s important to consult with a professional, and take into account the location, current market conditions, and the scope of the renovation.
Would it be cheaper to buy a new home?
When it comes to cost, whether it would be cheaper to renovate your current home or purchase a new one will depend on a variety of factors. In general, renovating your current home can be less expensive than purchasing a new one, especially if you’re only making small updates. However, if you’re planning a major remodel or if your current home has significant structural issues, the cost of renovation can quickly add up and may exceed the cost of purchasing a new home. Buying a new home, on the other hand, may come with additional costs such as closing costs, and moving expenses. It’s important to carefully evaluate the cost of each option and consider factors such as your budget, the desired outcome of your home and potential resale value. It’s also recommended to consult with a real estate agent or a home renovation expert to help you evaluate the best option for your situation.
Don’t be Surprised by Surprises
While you can estimate the cost of labor, materials, etc., you might have to pay the price for unexpected foundation issues. During demos, you might encounter leaks, plumbing issues, mold, or damage to the wood. Fixing these issues will increase the cost of your overall budget and project. Do NOT skip on addressing these concerns because it might be a bigger price to pay in the future.
Rooms That You Can Renovate To Increase the Value
Another important factor to consider is the design of your renovation. Ensure that you have design inspirations beforehand so that you can look into materials and products that are available. Whether you are updating your kitchen or bathroom, or adding a new room, it’s important to choose a design that is both functional and stylish. Consider the flow of the room, the placement of appliances and fixtures, and the overall aesthetic. If you’re looking to flip or sell your property, here are some rooms that will be worth the investment!
People judge a home based on the style and updates of the kitchen, so it’s important to make it a focal point. Refresh the kitchen with new painted walls. Paint is cost efficient, and you do not need to hire professionals to paint. It’s quite easy and manageable. Most importantly, update the kitchen with new cabinets and countertops. Select neutral colors because it needs to appeal to all buyers. If you’re looking for budget friendly options, repaint the cabinets and install white quartz countertops as it is less expensive than marble. Lastly, update appliances and lighting.
Some minor changes to really spruce up the bathroom are repainting the walls, replacing the fixtures, changing the vanity and toilet, adding a mirror that matches the fixtures, and to make the bathroom appear larger. For larger bathroom projects, research what is current and timeless design trends to continue with the renovation.
If you want to get the most from your investment, focus on the kitchen and bathrooms. Also, smart homes and technology have increased in popularity over the last few years. Incorporating heated floors, and temperature control can draw in more buyers.
Benefits of Renovations:
The benefit of renovating is that it increases the value of your home. If you decide to move out now, or in the near future, it is likely to be appreciated since you bought it. As stated above, focus on the kitchen and bathrooms, and any rooms that will bring value to your home.
Before and After of Renovations for Past Clients
We patched and patched the exterior of the building to a modern grey color. For the interior, we painted the interior walls, refinished the floors, added new modern lighting, painted the kitchen cabinetry, purchased stainless steel appliances, so the home appears more modern, replaced the vanity, medicine cabinet, toilet, and bathroom lighting, and staged the property. Sometimes small cosmetic fixes may make a huge difference on pricing. We got $401,000 over asking and generated multiple offers as a result of preparing the property for market. The amount spent to get the home ready had a huge return on investment.
Finally, be sure to obtain all necessary permits and approvals before beginning your renovation. This will help to ensure that your renovation is up to code and that you’re not breaking any laws. It will also help to protect you and your contractor in case of any issues that may arise during the renovation process.
Home renovations can be a great way to increase the home value, functionality and style of your home. However, it’s important to plan it carefully and consider budget, scope, contractor, design and permits before starting the project. With the right planning and execution, your home renovation will be a success and you’ll love your new and improved space for years to come.