When it comes to investments, it’s hard to find something as important as your house. It’s likely your biggest investment, but it’s also the one where you live and spend so much of your time. Keeping your home in good condition carries many benefits.
That means remodeling and renovating your Dallas home can provide benefits to you and your family. However, this is a major undertaking that could backfire if you’re not careful. (Consider what a failed remodeling project to your kitchen will cost to repair.) In addition, you have to decide whether to do it yourself or hire professionals instead. Which is best? It depends on you and the project you’re tackling.
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Balancing Value And Comfort
When it comes to deciding what in your house to remodel, you need to think about two factors: comfort and value. Ultimately, your remodeling efforts should make your home a better place to live in. But you will eventually sell the house (or pass it on to your children), so you also want renovations that increase your home’s value.
According to Realtor.org, some of the most popular remodeling projects include:
- Kitchen remodeling
- Bathroom remodeling
- Room additions
- Window or door replacements
- Basement finishing
These can all add comfort to your home. Kitchen and bathroom remodeling often increases the comfort and utility of those rooms, whereas replacing doors or windows can keep things warm when winter comes to Dallas.
What about adding value? HGTV explains some remodeling projects that improve your home’s value include:
- Minor bathroom improvements
- Minor kitchen improvements
- Updated front entry (door and porch)
- Attic to bedroom conversion
Who Should Do The Work?
Once you’ve settled on a remodeling project, the next question is big: Should you do the work, or should you hire a professional? Many people love DIY projects, but you have to be smart about it. The Spruce has an excellent list of questions you need to ask yourself before starting a DIY project.
- Can you stay motivated for a long time? While some projects can be done in a day, many last for several days or longer.
- How skilled are you in doing this kind of remodeling? Be very honest with yourself here or you could end up in a bad situation.
- Do you have the funds necessary to purchase the needed equipment and supplies? DIY is generally cheaper but not if you have to spend a lot of money just to get started.
- How healthy are you? Some people do not have the strength or stamina (never mind the time) to complete a DIY remodeling project.
As a general rule, you can typically handle doing it yourself if the project is small and you have a decent fitness level. But you’ll also want to make sure you don’t have to buy all kinds of expensive materials and equipment.
Kitchens & Bathrooms
Many people opt for remodeling their kitchens and bathrooms. These projects can add both comfort and value, and they’re often tasks people can handle by themselves. Of course, this depends on how much you plan to remodel.
For example, adding a new sink is entirely possible as a DIY project. But if you’re going to remodel most of the room, you probably want to bring in outside help…and start saving. The average price for a kitchen remodel in Dallas is $10,336 – $26,120 and takes around 4 to 5 weeks to complete. Remodeling the bathroom can be similar in cost and time.
Go Ahead And Start Planning
Whether to try a DIY project or one that needs professionals will depend somewhat on your plan. That’s why you should start planning to remodel your house. Once you know exactly what needs to be done to add comfort and value, you can better assess if you have the time and skills to tackle it. This way, you can enjoy the remodeling process and not just the end result.
FlypHouse helps home sellers make more money on their home sale by angel investing in remodels at zero out of pocket cost to homeowners. We pay the up front cost of the remodel or repairs your home needs and guarantee you a minimum price with a make more money guarantee. We guarantee you’ll make more money than you would have had you sold the home in original condition. After the property sells, the cost of the remodel or repairs is returned to FlypHouse, and we split the profit 50/50. We make it a win-win for homeowners who could make more money on their home sale but don’t want to take the risk of investing in a remodel themselves, or may not have cash on hand to complete necessary repairs. FlypHouse helps buyers too because it gives interested home buyers the chance to make customizations early on. If a home buyer finds a home that they want but it doesn’t have the remodeled bathroom or kitchen of their dreams that they want, FlypHouse will work to negotiate with the sellers to roll the cost of the remodel/update into the sale price, helping the buyer get the remodeled home of their dreams and helping the seller sell quicker and for more money. Investors benefit as well because they are able to flip their properties with the expertise of FlypHouse and LystHouse on their side. It gets even better because with LystHouse, our sister company and real estate brokerage we can sell your home for only 1% unlike the traditional 3% saving you even more money on your home sale. Home buyers that buy a home with LystHouse representation get .5% CASH BACK at closing so all parties benefit. FlypHouse and LystHouse are making real estate great again for home buyers and home sellers!
If you’re looking to remodel to make more on your home sale, be sure to consult the professionals at www.FlypHouse.com At FlypHouse, they invest in the remodel and handle everything for you and then split the profit with you 50/50.