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Waiting To Renovate? Here's the Best Time To Do So

8/12/2019

14 Comments

 
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Daydreaming about starting on that fancy kitchen upgrade? Need to put on a new roof? Looking to update your bathrooms before you put your home on the market? 

Homeowners renovate their homes for all kinds of reasons, but there are two questions that are always part of the equation (or should be!). 
  1. How much value will this add to my home? 
  2. When should I start? 

How much value will my renovation add to my home?

Regarding number one, even if you’re planning on staying in your home for decades, it’s important to consider how much money you’ll be putting into your home, versus the value you’ll get out. 

“Value” can be measured in different ways, of course—if you’re planning to sell and want to spruce it up before listing, value will be measured in dollars and cents. If you’re a new grandparent, however, and you’re finishing your basement to turn it into a playroom, the value you’ll gain has much more to do with the joy of having a home that your grand kids will love visiting.
 

When should you start your home renovation?

When it comes to number two, “When should I start?” that all depends on a couple of factors. 

Are you planning on selling your home in the next year? 

Many homeowners renovate because they think their home needs work before they put it on the market—and along with that, they believe they’ll recoup their costs or make a profit if they put in the time and money to do those renovations. 

That’s not necessarily true, however. In fact, it’s a general rule that the larger your renovation project, the less likely it is that you’ll recoup your costs when you sell. 

For example, a major kitchen remodel will cost homeowners an average of around $66,000, but they’ll only recoup around $41,000 in resale value. 

On the other hand, smaller projects like seeding your lawn or other outdoor renovations that increase curb appeal are among the home renovation projects that add the most value. With these, you’ll actually recoup more than you put in. 

If you are selling your home in the next year, then the smartest thing to do is to get to work as soon as you can, so the work will be completed by the time you list. The last thing you want is to have your contractor team show up to do touch-ups 30 minutes before a scheduled showing. 

What kind of renovation are you undertaking? 

When you should renovate also depends on the project. 

If you’re putting in an addition, fall or winter can be the best time to start. That’s because cold, hard ground is actually easier to dig than soft, muddy ground. 

For outdoor projects, starting in the warmer months makes the most sense. For one thing, many outdoor projects require digging by hand, and softer ground makes that much easier. For another, you’ll actually have the chance to enjoy your new deck, patio, or backyard landscape if you undertake the project during spring or summer! 

Regardless of the project they’re doing, most homeowners happen to renovate in spring and summer, because the warmer months are when we tend to be the most active and ready for change. It’s also important to be aware that labor costs for contractors and their workers are generally higher during this time of year, simply due to higher demand.

Conclusion

When you renovate depends on a few different factors, but the bottom line? Renovate when you can afford it! That’s especially important if you’re planning on buying a home once you sell. If that means waiting a year or six months—assuming your renovation isn’t an emergency or safety issue—then wait a year or six months. Your bank account will thank you!

​Want to learn more about renovating and building houses?

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Click on this picture to read more
I've written 2 easy to read books 'An Introduction to Building and Renovating Houses - Volumes 1 and 2'. An Introduction to Building and Renovating Houses Volume 1 deals with Hiring Contractors, Managing Construction and Finishing Your Home.  and Designing your ideal home Volume 2 deals with Finding Your Ideal Property and Designing Your Dream Home. 
​("Great for those that DIY. Very helpful in home renovations!" said a Reader on Amazon.com 5*****)
These books are available from Amazon and other online bookstores in paper and ebook.
14 Comments
Interior designer Leicester link
27/4/2021 03:04:05 am

Thanks for these tips that actually helps me for hiring the best expert for my home and interior renovation.

Reply
Liam Smith link
30/4/2021 07:00:56 am

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Yorklyn Construction link
1/6/2021 07:41:48 pm

Hey, Thanks for sharing such a relevant and helpful blog. The way you described is quite amazing. Keep sharing such helpful articles.

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Taylor Hicken link
8/6/2021 08:57:35 pm

You made a good point when you shared that it is great to remodel the basement area so it can be a playroom for your kids. My sister just mentioned the other day that she is planning to remodel the basement of her new house so it can be a great place for her kids to play as she does not want them to play in the yard. I will suggest to her looking for a reliable service that can help with the renovation project.

Reply
home renovation link
22/6/2021 04:02:58 pm

Despite the fact that you might be anxious to have that all around flawless home ASAP, actually this is never a decent method to comprehend its subtleties and what it actually needs. When you really move in and get to some degree settled, you'd be shocked at how much your underlying plans can change. That is the reason we suggest living in your new home for at any rate a half year before you start any significant redesigns. On the off chance that there are any minor issues that need prompt consideration, obviously, you ought to have them seen to quickly. However, with regards to greater redesigns, similar to a kitchen rebuild or restroom, it's ideal to hold off.

Reply
SmartBox link
21/7/2021 02:59:18 pm

Good points are made here! The best and proper timing are the warmer months. Home improvement takes a lot of patience and sacrifice, as this also include some decluttering and removals of some furniture and stuff.

Reply
Prashant Kumar link
1/9/2021 05:31:07 pm

Awesome blog post!

I would love to put my comment for this informative content I am thinking of renovating my home this blog post help me a lot

Thanks for sharing!

Reply
Tex Hooper link
8/10/2021 08:49:20 am

I like what you said about how renovating adds value to your home. I need to get a contractor to open up my kitchen layout. I'll have to consider getting a contractor with good online reviews.

Reply
Hailey Miller link
9/10/2021 12:20:40 pm

Thanks for pointing out that we should know how much value will our renovation add to our home. This is helpful because I want to renovate my living room before my parents come to visit next month. I am hoping to find contractors on Monday who can replace the walls and floors within five days to give my property a modern look.

Reply
Olivia Smart link
20/10/2021 12:15:07 am

Thank you for talking about how renovations can add value to the home. My sister has been thinking about remodeling a few rooms. It seems like it could be a good idea for her whether she ends up selling it or staying for a few years.

Reply
John Carston link
20/10/2021 08:05:47 am

I like how you mentioned that if you are planning on staying in your home for decades, it’s important to consider how much money you’ll be putting into your home as it will benefit you in the future. A friend recently told me that his family is planning to renovate their home because they need to expand the space and rooms for their kids and he asked me if I have any idea what is the best option for him. Thanks to this informative article and I'll be sure to tell him that they should consult a trusted home renovations company as they can answer all their inquiries and will provide their desired layout for their new home.

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25/12/2021 08:59:52 pm

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Aura Home Remodeling and Construction link
24/2/2022 05:49:24 pm

Nice Blog! If you are looking for Patio Cover Houston, visit us now!

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Victoria Addington link
30/4/2022 10:00:59 pm

It got me when you shared the importance of having a home renovation to add value to your home. We decided to remodel our home to give it a boost. I should hire a home remodeling contractor that can work with us to achieve our desired look for a home.

Reply



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    Author

    I’m a construction professional, author of several successful construction management books, and a home owner. I’ve made mistakes in construction management, I’ve seen others make mistakes, but importantly I’ve had multiple successful construction projects and I’ve learned from the mistakes. I want to share these lessons and my knowledge with you.
    'An Introduction to Building and Renovating Houses - Volume 1 Hiring Contractors, Managing Construction and Finishing Your Home' are my latest books. packed with tips and information to ensure your home construction project is a success. Get your copy today from Amazon and other online stores.

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  • Construction Home
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  • +Construction Books
    • Successful Construction Project Management
    • Building a Successful Construction Company
    • Construction Claims
    • Construction Project Management: Tips and Insights
    • Construction Management: From Project Concept to Completion
    • An Introduction to Building and Renovating Houses
    • The Successful Construction Supervisor and Foreman
    • Designing your ideal home
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