Can I afford a Renovation?
This is the big question, especially this year!
During this Covid era, so many people have transitioned to working from home or have been stuck at home for an extended period of time. We are spending so much more time in our homes, and we must consider, does our home function the way that we now need it to? Do we have private space for a home office, separate play space for the kids, can I really live with my current kitchen? Like most people, you are likely weighing your options, should I renovate my existing home or buy a new home?
NW Home Collective can help you evaluate your options and help determine what is the best scenario for you, your family, and your long term goals. We take a holistic approach to service in Real Estate and Design, serving Portland Metro to the Willamette Valley in Oregon. We can help you buy, sell, invest, and renovate any home on any budget! Sharing our 18 years of experience in Design, Construction, and Real Estate we offer a unique perspective – helping you find the potential in a home or renovate your forever home.
My team approaches every design consultation with a series of questions to better understand your needs. I like to say, that I can make any space beautiful, but the way in which a space functions is far more important. I also like to help people plan for the unexpected, rather than what is right in front of them.
Who would have thought we would be spending so much time in our homes this last year, and finding ways to share it with everyone and for every business and personal purpose? As an Architectural Designer and Renovation Expert, I want you to be prepared or at least consider every situation. Life is unpredictable, and you never know when a surgery or unexpected injury makes it a challenge to enter your home, wash the dishes, or take a shower. Perhaps an elderly loved one needs to move in with you, and needs a bedroom and accessible shower on the main level. I like to challenge my clients to consider their long term needs because you never know how life might change your path. So often we think we are only planning to live in our homes for 3-5 years, but then circumstances change and we find ourselves living in a home longer than expected.
My goal is to make sure your home design is adaptable to meet your changing needs, and that it is also very marketable should you need to sell or refinance sooner than expected. I want to help you maximize the return on your investment.
Lets chat about renovation options. What are your goals, style, budget, and timeline? Are you living in your home during the remodel, or are we able to work on your project while it is vacant? Can we accomplish your goals with a cosmetic refresh, or is a more invasive remodel needed? Are there structural concerns or major utilities such as HVAC and electrical needing replaced?
As you can see, there are a lot of variables to consider when planning renovation! This is why it is extremely important to work with a Design Professional with a great team, that will truly focus on your goals. You will also want to make sure that your Designer offers Project Management to ensure quality control during your project and ensure that you always have someone advocating for you.
NW Home Collective will do all of this for you and so much more!
Again you ask, how much will my renovation cost? To be honest, I am not a fan of throwing out ballpark numbers. Every client has different expectations, and a design plan needs to be custom tailored to meet those goals. Every product, space, and home is different which makes it necessary to work through a design planning process to determine an estimated price. The design planning process should include drawings and material specifications for the proposed space. This is best done through collaboration with the client and it can take 4-12 weeks to finalize a conceptual plan.
Average remodel costs vary greatly, but to give you a general idea for a 2,500 square foot home . . .
- Kitchen Remodels range between $35,000 – $90,000
- Bathroom Remodels range between $15,000 – $60,000
- New Roof $10,000 – $50,000
- New Siding $10,000 – $50,000
- New Entry Door $1,500 – $5,000
- New Garage Door $1,500 – $5,000
- Landscaping $3,000 – $25,000+
- New Exterior Paint $7,000 – $15,000+
- New Interior Paint $7,000 – $15,000+
- New Flooring $12,000 – $25,000+
The cost of your renovation depends on the finishes chosen, the size of space, the contractor you choose, etc. Reach out to my team at NW Home Collective to get started with a customized plan to meet your needs! https://calendly.com/shauntecruse/real-estate-meetup
Feel free to check out my Interior Design page for inspiration http://www.cruseinteriors.com/
Once we assemble your customized design plan with drawings, finishes, and a construction estimate you will be armed with the information to determine your next steps. Please keep in mind, it is very helpful to be transparent about your budget, so we can make the best recommendations. In turn, I will provide itemized estimates, so you can determine if anything needs to be added or cut back to reach your financial goals. This estimate can also be used to obtain a refinance or renovation loan should you need this. I also have amazing Lending partners to refer you to.
Team work really does make the dream work!!!