Save Money and Improve Your Home’s Value with a Whole Home Remodel
Posted in Home Remodel on May 3, 2019
Do you love everything about your home except the dated kitchen, the boring bathroom, the unused space over the garage, the tired family room, the dark entryway, the master bathroom you wish actually had a bath in, and the living room that you’re sick of living in?
It sounds like you might be considering a whole home remodel. Batching your entire remodeling wishlist into one big project is a great way to make all the changes you want faster, cheaper, and with a better return on investment than remodeling one room at a time.
Here are a few things to consider when you’re thinking about remodeling.
Save by Working with What You’ve Got
If you’re interested in a whole home remodel, it’s probably because you like where you live but you want to refresh or improve your house itself. The best way to do that while saving money is to work with your home’s existing footprint. This saves 50% over a similar project that requires expanding that footprint.
Some of the highest ROI in home remodeling comes from adding square footage by converting unused space. For example, by adding a master bedroom over a garage, you may see the value of your home increase by the average value of an additional square foot multiplied by the number of square feet you’ve converted–a six-figure sum in many cases.
Save on Service Hours
It’s more efficient and cost-effective to hire specialists, like plumbers and electricians, to tackle all your plumbing and electrical needs in a single project.
When you hire contractors, setup and cleanup are part of what you pay for; vital parts of their work in which nothing is actually getting done on your house. When you opt for a whole home remodel, they only need to set up and clean up once.
You may also be able to negotiate a discount on a multi-room project. It doesn’t hurt to ask.
Avoid Paying Twice
As you can see by studying these seriously complicated San Diego permit requirements, the cost of getting permission for construction includes a lot of small fees covering the printing and filing of your documents. These fixed costs come with any planning you do, so it makes sense to get permission for everything at once and avoid going back to the city and county for each room you want to remodel.
You can save money hiring designers and architects the same way you save on plumbers and electricians: by hiring them to do everything at once. Asking a designer to draft a plan for multiple rooms could require fewer billable hours than if he or she were to design separate rooms and had to figure out how to adapt each one to match the others. Design consistency–which will talk about in a minute–doesn’t just look better; it ends up costing less.
Batch your Budget
When you plan to redo multiple rooms, you not only batch the work into a single project, but you batch the financing as well. If you’re planning to borrow or take out equity to finance your home improvements, it helps to structure that in the simplest way possible.
One Home, One Design
So far, we’ve talked about the financial side of renovating your home. But there’s more to consider than how a project will affect your wallet.
As the name suggests, a whole home remodel involves updating multiple rooms. This is a great approach when it comes to aesthetics. You avoid having a dated kitchen in a contemporary home or a clash of designs from one room to the next.
A whole home or multi-room remodel is one of the best ways to make sure everything looks consistent from room to room.
A holistic design approach begins in the planning stage. There is a right way and a wrong way to do a whole home remodel:
The right way is to carefully plan what you want to change and update and how each change fits into the overall look and feel of the house.
The wrong way is to realize as you go along that there are new things you want to work on or things that don’t need to be changed after all.
Certain parts of your project must be done all at once because of the nature of the materials. The time to decide about flooring throughout the house is while you’re planning the work, not once you’ve seen how good your new hardwood floor looks in the living room and decide you need it in every room.
Wood and tile floors are especially prone to fading and weathering. This isn’t a problem if the change of color is consistent, but the same material installed months or years apart can take on a completely different color, leaving you with a floor that has tan lines!
For best results, begin with a clear picture of what you’re building. You may come up with better ideas as you go along, and the construction process could bring up unforeseen issues to work around, but by starting with the end in mind, you’ll be more satisfied with the end result, and you’ll spend less time and money to get there.
Challenges of Whole Home Remodeling
A whole home or multi-room remodel is a big commitment for sure. The time to understand what you’re getting into and come up with a plan to adapt is before you start tearing down the walls around you.
Living in a Construction Site
There’s no way around it; you will be turning your home into a construction site. This means rolling out the welcome matt for dust, debris, and noise. You will likely also be dealing with limited access to entire rooms and amenities like sinks, toilets, and showers.
It’s important to plan ahead if you want to keep the disruption of your life to an absolute minimum. Be realistic about how long you can live without a kitchen sink or how many mornings your family can share a bathroom without wanting to kill each other.
Think about finding an ideal time to get your project done. Maybe you’re planning to go on vacation anyway. Even if you can only get away for a short time, you could plan to be out of the house during the most critical and intrusive work. That way you can come home to a place that’s at least habitable if not complete.
If you do have to leave your house or can’t use your kitchen for a while, make sure to factor the cost of lodging and eating out into your budget for the project.
Most importantly, talk to your contractors, designers, and specialists. Get everyone working together on a plan that considers your family’s comfort during the project.
High ROI Combos
If you’re going to remodel multiple rooms or entire sections of your home, it makes sense to chose remodeling combos that add maximum value and minimum cost.
Updates are Often Better than Upgrades
You typically add more value to your home by updating an outdated room than you do taking a functional, modern room and making it fancy. This is especially true in the kitchen where dated designs and appliances are extremely noticeable.
If you’re interested in boosting the resale value of your home, focus on bringing it into the 21st century rather than making it top-of-the-line. For more on this, check out our post on remodeling ROI.
Ensuites and Master Suites
Redesigning the space you already have–and maybe aren’t using–costs half of what building out does. One way to make the most of your space and make it more attractive to potential buyers is to connect bedrooms and bathrooms.
In the case of a master bedroom, features like French doors can break up the space and create a separate sitting area that feels like its own room.
Wires and Pipes
One of the simplest ways to boost ROI is to make your “I” (investment) as small as possible. If you’re going to redo your kitchen this year but your guest bathroom is going to need some work eventually it might be a good idea to do them at the same time if they both require a lot of plumbing and electrical work.
Beds and Baths
Adding bathrooms and or bedrooms puts your listing in a new category when you go to rent it or resell. The number of bedrooms and bathrooms will be displayed in the title of your listing, and these numbers are how most potential buyers and tenants sort through properties in an online search.
Call today to get your free consultation. We can help you design the home remodel of your dreams.