Renovating Right with MIKE HOLMES JR.
by mike holmes, jr. | While working on Holmes + Holmes, I learned a lot about renovating a home from start to finish. After all, we took on a huge project. Not only did we completely gut my house — we added a second story addition to leave plenty of room for my fiancée Lisa and I to expand our family one day. A renovation can add a ton of value to your home. Of course, it will increase the resale value of the house, but you will also be able to enjoy the home more when you’ve added your personal touch. For me, my dream home included a backyard oasis and a hot tub —
which unfortunately just wasn’t in my budget this time around.
Your next renovation shouldn’t be taken lightly. There’s a lot you need to think about before you take that first swing with your hammer. Here are some things to keep in mind as you plan your next project.
5 TIPS FOR YOUR NEXT RENOVATION
Set a Realistic Budget
Spend your money wisely — but don’t be intimidated by the price tag of certain materials. Choosing better materials can give you a home that lasts longer and save you money in the long run.
Make sure to leave a buffer for any unforeseen circumstances that your renovation could uncover. When refinishing my basement, I found extensive cracks in the foundation that needed my immediate attention.
Prioritize Your Projects
Address key areas in your home first like the structure, electrical system, plumbing, or your HVAC before you take on any beautifying projects. It’s important to take care of the bones of your house before you focus on lipstick and mascara projects — like an open concept kitchen.
Find a Good Contractor
Finding the right contractor is a time consuming process — and you may have to make a lot of calls. Don’t pick the first person who’s available to do the work. Interview as many contractors that you can and don’t forget to ask them for references. You want to find out from previous customers what it was like to work with the contractor. Ask whether they completed the project to scope, and that their work stood the test of time.
Don’t Forget to Insulate
Properly insulating your home makes a huge difference on your energy bills at the end of the month. By insulating your home from the outside as well as the inside, you break the transfer of hot and cold, and thermally break your home. Your home then acts like a cooler, and is able to hold heat and cold much better.
If you can, avoid living in the home during your renovation. My dad calls it divorce dust for a reason. Stress and emotions are high during a reno — even more so when you’re living in the middle of it.