While it may be true that not everyone is affected by the current global economic crisis, it can surely be assumed that most of us have suffered financially in some way as a direct result of this well publicized situation.
While I myself have previously taken for granted that my clients were working within their financial means on their remodeling projects, I can no longer ethically assume that to be the case.
Where I was previously compelled to "sell the job", I now feel the need to offer other more affordable options to potential customers seeking home improvements. In many cases repairs can be done in lieu of extensive remodels and the customer can keep that saved money in case times become difficult for them.
Here are a few things to consider before committing to a major remodel, whether you will do it your self, or hire it out.
- Do you truly have the secure means (job security, money in the bank, etc...) to see the project through from start to finish? If not, maybe you should consider postponing the work or scaling back on the project size.
- Are you assuming that a remodel will add value to your residence? If so, do your homework carefully on the matter and check the local real estate market for comparable homes, both in the condition of your home before the proposed remodel, and after completion.
- Even in the best of times a remodel can take a toll on relationships. Be aware of that before starting and be prepared compromise with your spouse or partner. Make an extra effort to communicate during the process, after all, more can be lost than just money in these troubling times.
Approach your remodel with realistic expectations and you should be able to enjoy the results for years to come.
Don't forget to post your comments and ask your questions! I promise to answer the ones I can, and throw away all of the tough ones!
Smile at someone today,
Rob
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