What Entails a Low-End Remodeling Project?

From on April 01, 2008 in General

As previously discussed in “what entails a high-end remodeling project,” a combination of factors influence your remodel’s classification. Overall cost, extent of the renovations, and price of materials will all contribute. It is important not to “overdo” your renovations. If you bought a simple home in an area of simple homes, you definitely don’t want to start building extensive additions to create an albatross that really stands out, and not in a good way either. Take a careful look both at your home and the surrounding homes. Renovate to fit in, allowing the quality of the work and the taste of the project to set it apart. As we discussed in previous posts, have a clear picture in mind as to the current price of the home, the projected costs of the remodel, and the expected return on your investment. If you are trying to keep your project low-end in price, then choose your materials and contractor accordingly. Don’t go for the really expensive materials, unless you want a more high-end result. Remember, you don’t have to have the most expensive product to have it look great. Instead of going all out in your renovations, tearing down walls and building additions, look for a project that just needs some simple cosmetic “touch-up.” New paint, carpet, and new fixtures really don’t end up costing that much, but can really spruce up a place in a hurry. The quicker your project is completed, the less you spend on financing and have your money tied up, making your overall profit greater in the long run. Basic landscaping and adding little gingerbread touches to your house and yard are also a great way to transform a house without a large investment. Also, get a couple of estimates; comparing and contrasting different renovation options. Once you determine what your budget, time frame, and expected return on your money will be, you’ll have a clearer idea of what decision you should make.