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Showing posts from July, 2014

When not to Remodel Part 2

Who are you keeping up with? Does your home really need a remodel? Or are you planning on one because people you know are doing it? Look at your home objectively – not in comparison with those of other people. You are going to live in the home, not others. It has to be the way you want it. If changes are to be made to it, these should be because they are what you want, not because it is what others are doing.Increasing your equity is an important part of home remodeling. Are the changes you plan purely cosmetic? Or will they add to your home’s value? Even if you have no plans at present to sell your home, things may change in the future. Moving and buying a new home is a huge expense. If you will not be able to recoup the money you have invested in the remodeling when you sell, how will you be placed financially? If you are sure that the cost of home remodeling will not have a negative impact on your financial fut…

When not to Remodel Part 1

The temptation to remodel your home is great. TV, internet, magazines and “lifestyles of the rich and famous” all conspire to encourage us to continually look at ways to improve our homes. There is nothing wrong with this – a home is the biggest investment and improving, upgrading and enhancing its value are always good things to do.  But it is important to be sure you are doing it for the right reasons. Remodeling just because it is “the” thing to do is a mistake. You could end up with a home that is better than when you started. But it will probably not be the best you could have done. At worst, the end result could be a home that you are not happy with.
So what are the reasons for not remodeling? Ask yourself these questions and answer them as honestly as you can. The answers you give will allow you to see if your remodeling is being done for the right reasons. Remodeling or a trip to Paris? You may have put the money aside but what do you really want to use it for? Wha…