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Renovating a home after purchase

March 16, 2012


Whether they are dealing with a growing family or have simply decided to change some aspect of their property, many homeowners may find themselves considering renovations or remodeling projects after buying a home.

Many homeowners take on multiple home renovation projects to improve their home. Some people may prefer to get their major home-related activities out of the way all at once so they can move on to other things. Others may find it stressful, however, and there are a number of factors to take into account when considering major projects.

Patience and planning

Planning a renovation properly takes time, real estate resource MainStreet notes, and rushing can cause regrets later on. Homeowners in a hurry are less likely to take the time to speak to different contractors and carefully examine what they want. Homeowners who take the time research their contractor and map out their project often save money and have a better understanding for how the end project ill turn out. When homeowners rush it could lead to a flawed project or a successfully completed one that they realize was a mistake. At that point, it’s too late.

When thinking about changing a new home, residents should take some time to figure out what options may work and what may not, and differentiate features that are worth changing from the ones that just unfamiliar.

Being patient and not devoting an oversized amount of their time to a project also allows homeowners to remain focused on everything else in their lives. This may include getting a new job, a child adjusting to new schools or other changes. 

These factors may alter how the space of the home is to be used. For example, someone may determine that they need a larger work area at home than they expected.

Firsthand experience

One real estate agent told MainStreet that homebuyers often come to see a home differently after living in it for even a short time. They may find that they do not use the space the way they expected, gathering in some rooms more often than others.

Personal experience may also show that some rooms are colder at night, or warmer during some parts of the day, or have other characteristics that are difficult to anticipate. Alternatively, rooms may accommodate furniture and decorations very well in their current shape, and changing the home might not be worthwhile as a result.
 

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
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