Key Considerations When Planning a Home Remodel

After being at home for the last year or so, you may have become tired of the color of the walls in your living room, noticed that warmer lights would be a better choice for your dining area, or speculated that your home would be less cramped if your kitchen didn’t have those hanging cupboards. And the truth of the matter is that you’re not alone. The pandemic has caused a huge surge in home renovation projects in the US, with Americans spending a collective total of $420 billion on them. This upward trend is only expected to continue.

To this end, if you’re planning to remodel, these key considerations can help you get started.

What’s your end goal?


Do you have a basement you want to polish up for everyday use? Make major structural changes like taking out a wall? Or do you want to expand upward with an extra floor or outward into your backyard? Either way, decide on a concrete objective to build on (no pun intended).

This makes your goal realistic, worthwhile, and detailed enough to be easily communicable to the designers and contractors you may hire. This will also ensure that you’ll be satisfied with the end result. Otherwise, you may find yourself done remodeling but still feel that your house is missing something.

What’s your budget?



Remodeling is a great step for any homeowner: It can increase both the sentimental value of your home, as well as its actual value on the market. Still, this means that you need to have the money to make the home improvements now. Fortunately, homeowners have several financing options that can help them out.

A home equity loan, for instance, gives you access to a considerable sum of cash by letting you borrow against the current value of your house. The interest rate is generally lower than those on credit cards, too. However, failure to pay back the loan gives the lender the right to foreclose on your home, so you need to have sufficient equity and the ability to pay the loan back over time to avail of it.

Newer homeowners can’t apply for home equity loans just yet, however. Thankfully, personal loans can give you anywhere from $3,500 to $40,000 upfront, and allow you to pay the amount back in equal installments over time. Just be sure to read the fine print and look for loans with rewards and no fees.

Whichever method you choose, make sure it’s a realistic way to finance your remodeling plans. And be prepared for anything: Set aside 10% of your money as a contingency fund, and have the entire budget ready at least three months to half a year in advance.

What does your homeowner association say?


When drafting your project, keep in mind the requirements of the neighborhood you live in. If you reside in an area full of historic homes, for instance, your options may be limited. If ever, ask for permission if you’re planning to make changes visible from the outside.

Moreover, remember to look over your local building code’s rules and regulations and apply for any permits you may need.

Should you get a contractor or DIY it?


In 2020, many cited the risk of COVID exposure as one reason why they preferred DIY to contractors. And with the Delta variant making its way across the country, you might want to do the same. If you’re going DIY, a wealth of online resources, like This Old House, can help you out.

However, it’s still best to hire a contractor for the biggest jobs on your list, especially the ones you’re not confident doing on your own (like flooring). If this is the case, interview multiple contractors and compare bids, so you can choose one that gives you the best deal.

Is now the right time?


Think about how the project will affect your daily routines. Consider, realistically, how long it will take to get the project done. If you start now, is there any possibility that the project will continue into the winter? If you’re expecting a baby, will the project be finished before the due date? Ask yourself these questions, and if you’re unsure about anything, rescheduling may be a good idea.

Wrapping it up


Once you’ve answered all these questions, embarking on your own unique home remodeling journey should be much easier.

Be sure to login to your HomeBinder account to utilize the “Add details” and “Add projects” tabs to keep track of paint colors by room, tile styles, the brand of flooring, etc. Also, be sure to take advantage of HomeBinder’s Home Valuation Tool to determine how certain projects can improve your home’s value!

Article written by Ruth Joyce
Exclusively for homebinder.com

Easy Ways to Add Value to Your Home

With the arrival of summer, homeowners may want to spruce up their home. It is common for homeowners to make changes to their houses to increase the comfort level and make their homes look better. These changes may be based on personal taste or they may be to make their home life more convenient. In many cases, these improvements add value to the home. Smart homeowners make their upgrades based on these value-added changes. They prioritize how they are going to improve their homes based on the changes that will make their home worth more. One of the main ways to determine if a change will add value is to consider what room you are improving. Carrying out some home improvements to your home not only increase the functionality and usability of your home, if the right improvements are carried out then you can also add value to your home. Whether you want to add value to your home to sell it or just to update your home for your own pleasure, here are easy ideas you can do to add value to your home:

Do a Paint Job

Without a doubt, the easiest and quickest way to update the look of your home is to paint it. Painting the exterior and interior of your home can make it look newer, cleaner, and more stylish. Pay attention to the latest design trends to see which colors are hottest right now. A fresh coat of paint attracts buyers and adds value to your home. It may seem simple, but if you are selling a property, you initially have to get buyers through the front door. This means that the outside of the property should look smart and as attractive as possible

Create a New Kitchen Feel

This is perhaps one of the simplest ways to recreate a room. The kitchen is generally seen as the focal point in any house, and small improvements can make a big difference. Most people do not realize the major bang for the buck that swapping out hardware can create. Do a kitchen make over, you can do re-tiling or add cabinets. Nothing attracts people more than a modernized kitchen with attractive drawers and a big spotless sink. Changing the handles on your cabinets can bring an outdated kitchen back into the right decade. Equally, cabinets should be cleaned up wherever possible, or replaced if beyond repair. There are now options to simply replace the fascia above cabinets, rather than install a brand new kitchen, so this may be worth considering. Before viewings, ensure that any personal clutter is removed, allowing visitors to gage the space accurately.

Curb Appeal is Key

The truth is that the curb appeal of your home is probably one of the most influential factors in its value, as the curb appeal will increase its perceived value – thereby increasing its actual value. If you want to raise the value of your home, fixing it up and making it look nice is one of the best ways to make it more valuable and appealing to those that are going to buy it. While fixing up the inside and outside of the house is important, the property itself will also go a long way towards the sale of the house. Do landscaping and if possible, plant trees. If you have a yard with walkways, backyard structures such as a gazebo, beautifully cared for grass, flowers and gardens, trees, and all the other beautiful landscaping elements, your attention would no doubt be divided between the house and the outside. Even if the house isn’t perfect, most people will be interested in the home due to the beautiful landscape.

Improve the Inside

Consider improving the wall, floor, and window insulation. You do not have to resort to super expensive solutions. Cork wall tiles and insulating curtains can do a good job. Making your heating system more energy efficient is highly recommended.

Change the Windows

The windows should match the house as it is now, and should be in keeping with the age and style your home. Don’t be tempted to install brand new white PVC windows in an older-style property; it can actually be detrimental to the value of the house. Generally speaking, if the windows are in good condition, concentrate on cleaning up the paintwork on the windowsills and surrounds.

Improve Your Lighting

Instead of using basic lamps, add accent lighting to your home. Track lights or spotlights can be purchased and installed at budget-friendly prices while adding visual appeal to your space.

Make Use of Every Available Space

There are several ways to make use of available spaces in your home. The available space under your stairs can be useful by turning it into a closet where you can put extra books, papers or cleaning equipment. Home buyers will be glad to have a place to store extra household items. You can readily use these rooms traditionally meant for storage to create functional areas in the home. The attic can be turned into a spacious family room, TV room, kids’ room or a playroom. The basement can be modified into a functional study.

Change or Make New Flooring

Installing a new floor or giving some TLC to the one you already have can significantly increase your home’s value. It’s easy to overlook your floors. You use them every day without a second thought. However, the flooring can play a huge role in the overall functionality, look, and value of your home. If you feel like your house is looking a little worn around the edges, or if you want to increase its value, redoing your floors is a great choice.

Add Additional Bathroom

If you have only one bathroom, adding one or two is a very good idea. If you only have one bathroom in your home, the installation of a second one is definitely going to pay dividends. Although bathroom additions tend to be expensive, the money you put into the project can be almost entirely recouped when it comes time to sell. Before getting started, you would need to find a good spot for it. You can start looking at any room that has no designated purpose, like a spare bedroom. The space under the stairs is usually unused and left to go to waste. You need 18 square feet for a bathtub, as a minimum, but the more space you have the better. You need to look carefully to make sure the space you want to use is going to give you the bathroom that you want. If you have several bedrooms, then it is necessary to add enough bathrooms to cater to the needs of the occupants. It is not necessary to build an extension; simply using available space in your home will do the trick.