Wednesday, September 9, 2015

Renovation Resolutions

Can you believe we are not that far from  2016???
Dining room
Photograph By Dawn Gagnon
As the New Year approaches, there are many resolutions swirling about. Vows to change diets, achieve world peace, or giving up a nasty habit all seem to be common themes among us all. When thinking of the New Year, it is good to get out a notepad and start thinking of goals to accomplish. A big goal to strive for is tackling  those necessary renovations you have put off in your home.

Many homeowners no doubt, felt reluctant to put money into their home with the dropping of real estate values that took place nationwide in 2009. One thing all homeowners should bear in mind is regardless of current market value, improvements are still improvements nonetheless.
Home improvements should always be about what makes the home owner happy first, investment prospects should be secondary.

Start off with a list of goals for the next five years. Usually these goals vary from the very inexpensive cosmetic fixes to major home improvements. By placing a time line of five years as the goal, this makes it easier to accept and work toward. Start off with the small stuff. However, if you have a nightmare kitchen, or bathroom, it should be given priority. It may surprise many to see that most goals listed on a five year plan get achieved in considerably less time.

List everything you can fathom that needs doing. Why not? You've got five years. Your list may very well resemble a wish list more than a realistic one, but that is half the fun. It doesn't hurt to dream big. Its also financially sound to always have a plan. Its a great reference to have a list already waiting for those extra funds that you stumbled across from time to time. Maybe a bonus? A tax refund? A relative that left you something in a will? The idea is the money will go towards something tangible and that is smart financially.
uld be secondary. A homeowner is less likely to regret improvements done for themselves, as opposed to those that do  them based on market statistics.

No comments:

Post a Comment

Comments are appreciated and welcome, however if you leave a link back to your site, and it won't allow a comment and back-link to mine, I will delete it. I am happy to help fellow bloggers, so let's support each other. Thanks!