If you just bought a new house, you might be thinking about making some renovations to make it more comfortable or suitable for you and your family. Improvements may seem like a straightforward process, but there are several details tied in with home remodeling and renovations. Many of the changes made during renovations are expensive and sometimes irreversible, so you should make some serious considerations before you start renovating.Â
Who Will Be Living in the House?
Ask yourself who will be living in the house and for how long. If the house is for your family, evaluate their needs critically, and also think about their future living in the house. If you have toddlers, pets, and elderly family members, you should renovate the home to match their current and future needs. For instance, if you have kids, you might want to think about making the house safer for them. Click here to learn about renovating a home for the elderly.
Does Your Homeowners Insurance Policy Permit Renovations?
After deciding on what kind of renovations you want to do based on the houseâ€™s occupants, you then have to find out whether your home insurer allows the upgrades. Some homeowners insurance policies have stringent guidelines when it comes to home renovations. Once you get the go-ahead from your insurer, you may also have to seek legal permits depending on the renovations you want to make. From there, you can get your contractor to begin the work.
How much money have you set aside for the renovations? Youâ€™ll get a work valuation from your contactor to determine how much the proposed remodeling should cost. Even if you have the money, you shouldn’t spend too much on renovations that the cost fails to justifies the initial value of the house. On the other hand, if you’re working on a strict budget, be prepared to make some compromises on some of the proposed changes.
Remodeling is a great way to convert a new house into a cozy home. Remember to prioritize some of the critical renovations, such as those involving the health and safety of your family.