One of the first & most important things you can do before you begin your remodel is to be sure of what you want to accomplish and what you’re willing to spend to achieve your goal.
Beyond improving your quality of life, remodeling increases the value of your home. In the remodeling business, it’s known as the price-value relationship. For example, according to the Remodeling 2022 Cost vs Value report, *homeowners in the market for reselling their homes recoup, on average, 58.6% of every dollar they spend on a mid-range major kitchen remodel. That’s an excellent return on your investment. Master Baths are another great investment when it comes to cost vs value, with a mid-range bathroom remodel, on average, producing a 64% return on investment in 2022.
But before you even start calculating your return, you need to take a realistic look at your budget. Discuss what you’re willing to spend with your designer before you start to plan. Ironically, not hiring a designer in an effort to save money often ends up costing homeowners more. An expert will help make sure all is done right the first time and avoid costly mistakes.