Weighing Out The Costs of a Remodel

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Most homeowners, at some point in their lives, decide to take on a remodeling project, either to improve their enjoyment of their home or to boost its value. Some of the most common remodeling projects involve kitchens, bathrooms and laundry areas. Because remodeling projects take a lot of time and money, there are some factors you should take into consideration when choosing your project.

 

Cost

One of the most important factors to weigh is cost. Kitchen and bathroom remodels can wind up being some of the priciest home remodeling projects there are, so you have to be sure you get a firm estimate on what the project will cost and then stick to that budget.

Keep in mind that more minor kitchen and bath projects often add more value to your home than large, extravagant ones. There also are some ways you can cut down on the cost of your remodel, such as doing demolition and cleanup work yourself.

 

Scope

Deciding the scope of your project is another important factor. To reiterate, the more complex your project is, the more it is going to cost. If at all possible, you should avoid moving around fixtures in your bathroom, which can require moving plumbing or adding new plumbing lines, which is very costly. You also don’t want to go overboard on customization, because that can actually lower the added value of your renovation project.

 

Time

One final consideration for your kitchen, bath or laundry room project is duration. Big remodels can take weeks, which can be a huge pain. Most people only have one kitchen or laundry room in their homes, and being unable to use the rooms for weeks can be a major hardship. And even though you probably have more than one bathroom, being unable to use one can be a major inconvenience. Keep these factors in mind when planning for your remodeling project.

 

Remodeling a kitchen, bathroom or laundry room can greatly increase the utility of your home along with its value. Keeping these factors in mind will help you get the most out of your remodeling project.

 

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