To Remodel or Not? That ’tis the Question!

All the DIY shows on TV can give some homeowners the itch to make changes to their own home, because not everyone is up for flipping or flopping.  (Most prefer to fix and then flop in their newly remodeled home!)  In the Iowa City area, we have a shortage of build-able lots for people to build on where they can select their own builder.  With the high cost of land and developing that land for building homes on, the developers tend to hold onto the lots/land so they can recoup their initial development costs.  The down side is that you are not able to buy a lot and pick your own builder.  We’ve seen a lot of frustration with this from people who’d like to build a new home.  And so – remodeling a current or older home has become much more prevalent.

One common experience most homeowners can agree upon after completing a remodeling project is that it costs more and takes longer than expected. It doesn’t really matter that you researched, planned, and received multiple bids, it will, invariably, cost more and take longer than you originally anticipated.96303159-250.jpg

Replacing floor coverings or painting is a project that a homeowner can easily get bids and contract with the workmen directly. A new level of complexity occurs when the project involves more specialized work for a remodeled kitchen, bath, wet bat, home theater room, retaining walls sheltering a cool new pond, four season rooms, etc.  Then you’re looking at city inspections, electricians, plumbers, drywallers, etc.

When you start tearing out some things, you may encounter some unexpected construction that needs to be corrected/fixed in order for you to proceed.   Another common occurrence to anticipate is that once things are torn up, you get another great idea which will change the process a bit more.  Be prepared for the ride-

But your home is your investment.  And in order to get the best return on your money, you do need to maintain said investment.  Bit by bit, you can change out light fixtures, flooring, paint, dented garage doors, and sand and restain/paint dog damaged window sills.  (Maybe that’s only in my house…)  Each day we’re usually so eager to “just go home” that we don’t look at our homes with a critical buyer’s eye.  And that’s ok.  But every so often, we need to critically look at our homes and see/smell what others see and smell.

Talk with others, and try to see some remodeling results when you think about who you want to use for your project.  Some contractors will run the remodel as if it were a new home construction, and take over the job so you don’t have to do all the scheduling.  Some of you are handy enough that you can contract out the licensed jobs, but take care of other aspects.  Either way, remodeling looks as if it’s here to stay.

About Terri

Realtor since 1996, Broker Associate since 2006. BBA, and MA from The University of Iowa. Realtor of the Year, 2009. President of the local association in 2010. Two time Gold Star award winner (voted on by peers) in 2003 and 2012. Became partner/owner at Lepic-Kroeger, REALTRORS® in January, 2014.
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