Splurge vs. Save: Determining Which Home Improvement Projects are Worth the Spend
Home sweet home. It’s this sense of pride that drives so many of us to embark on home improvement projects each year, some of which can be extensive and expensive.
Before investing in any project, there are a few questions you should ask yourself to help you evaluate how you’ll live in the space. For example, how long do you intend to live in the home? What will the space be used for in the future? Will the size/dynamic of your family change? What is your remodeling budget? What rooms do you use the most?
After considering some of these things, educate yourself on the actual remodeling process. As you’ll quickly discover, there are countless online resources with ideas and tools to help plan out each step of the remodel. Merillat, known for its innovative and functional cabinetry and storage, has some helpful resources to help you visualize and plan new kitchen or bath spaces.
For most of us, budget constraints give us pause when considering where to splurge and where to save. Here are a few things to think about when determining which projects to invest in and which you might consider delaying or scaling back on.
- DIY-Doable? There are some projects you can handle on your own, assuming you do the proper research and preparation. For example, painting is a relatively easy do-it-yourself project that can dramatically change a space. While many homeowners dread the tedious process and prep that goes into it, the decision to do it yourself can save you thousands of dollars.
- Urgent? Think of your home as ever-changing and always improving. For the average person, who doesn’t have an unlimited budget, it means having to bench some projects for awhile. Sarah Reep, director of designer relations and education for Merillat, encourages homeowners to come up with a project priority list, starting with “must-haves,” ending with “nice-to-haves.” For example, projects like landscaping, basement renovations and luxuries like an electric fireplace typically fall into the “nice-to-have” category and may be better off delaying or completing in phases.
- Permanent? Consider how long the room will stay as you design it. For example, kitchens and bathrooms are investment-worthy because they always serve the same purpose and are two of the most lived-in spaces of the home. Cabinetry and countertops designed to support the ways you’ll use these spaces are a solid investment both for resell value and everyday enjoyment.
No matter what the project, designers are a great resource. Consider engaging one early on in the process. “One of the biggest advantages to working with a designer on a home project is that they really understand functionality, while accomplishing your desired style,” advises Reep. Designers can also help you determine your priorities and offer advice on which projects should be a focus and where you might be able to cut costs.
For more tips and ideas, visit merillat.com.