If you have an outdated home or even a single room in a house, you may be deciding whether to do a partial renovation or go for an entire new look with a complete remodel. The difference between minor and major remodels lies not only in the complexity of the project and the cost, but often on the return on your investment.
When You’re Selling
If you plan to sell your home in the next year or two, you may want to forego a major renovation. According to a survey from Zillow Digs, most experts recommend making minor updates to bring your home’s design current rather than investing in major changes. You’ll probably get more of your money back in the increased price than you would with what you spend on a complete renovation.
Anyone who really wants to make major changes in hopes of bringing a higher price will need to speak with an expert about the best way to get as much money back as possible. Depending on where you live, finished basements or attics may bring enough to pay for the remodel. In other areas, it may be the updated bathroom that commands a higher sales price.
When to Choose a Complete Remodel
The case for a total renovation to a room comes when it’s no longer functional. If you’re tearing out walls to open up an area or make it larger, a complete renovation makes sense. Another reason to go for the big project is when you need to update plumbing and electrical or if there’s foundation issues.
It also depends on how much of an impact a major remodel will have on visual appeal. For instance, in a kitchen, the big difference between what you see with a minor and major renovation is the cabinetry. If the cabinets are an eyesore, you’ll want to replace them. However, a minor remodel means replacing or altering the fronts of the cabinets. With a major remodel, you’ll completely remove the cabinets and install new ones.
With a complete renovation, you know everything is brand new. If major work needs to be done, this is the only option. While you can expect major expenses and a big budget, the results can be worth it.
When to Choose a Minor Remodel
If the bones of the room you’re renovating are good, you may be looking at a minor remodel. Just remember that the word “minor” may not mean the same thing to everyone. You may have a lot of work to do, and the room often looks like it has been completely demolished, but it still classifies as minor if no major structural changes have been made or electrical and plumbing hasn’t had any big alterations.
You don’t want to cover up issues with a pretty design, so make sure you understand when a major remodel is required or when a minor update will do. Indiana Residential can help you decide which type of renovation will achieve the results you want within budget.
For help deciding what is best for your budget, contact the pros at Indiana Residential. We can help walk you through all the details to make the best decision for your home.