Consider These 5 Factors When You’re Making Improvements to Your Older Home

Older homes have life, they have character, and they have endured the test of time. If you have purchased an older home, you likely have gotten a home that you want to invest time and money into, but you will be presented with different obstacles than new home buyers. This article will discuss how to tackle renovations to your new home by prioritizing, considering costs, and discerning how to complete the renovations. 

 

Store Away Valuables

First of all, if your home contains pieces that you don’t want getting damaged during the home improvement process, such as antiques or original furnishings, think about renting a storage unit. This is the safest way to ensure they are out of harm’s way while you are repairing or remodeling. Right now, the overall average price for a self-storage unit in New York City over the past 180 days is $92.22. When you consider the value of your old antiques and originals, it’s well worth the investment. If you do end up storing items in a unit, it’s important that you carefully pack them up. Keep similar items together and label the boxes. This will help you stay organized, know where each item is, and ensure the items are safe during transit.

 

Think Safety

Unless you have purchased a recently renovated gem, you likely have a home that has some outdated materials and styles. New homes come with everything modern and up to date, but they do not come with the history and the often unique qualities an older home offers. While it would be nice to update the bathroom tile or restore the original hardwood floors, you should prioritize safety. Older homes can come with outdated wiring, eroded galvanized pipes, lead paint, or asbestos. It is important to tackle the projects that pose a risk to life and health before conquering the aesthetics. When addressing projects that pose a potential health or safety threat, such as wiring or plumbing, it’s best to find a licensed contractor. Look for a contractor that is a member of the Hudson Valley Builders & Remodelers Association, a sign that they have committed to quality workmanship.

 

Invest in Your Investment

Whether your home is your forever home or it’s a stop on your journey, leaving your mark is part of the fun. As long as you are making renovations and enjoying the process, you should consider how the renovations will increase the value of your investment. Consider updating the bathrooms, kitchen, and closets to boost your home’s value. Your home is one of your biggest financial investments, so it never hurts to try to get as much return as possible.

 

Stay the Course

All older homes will come with some cost in renovating and repairs. Instead of trying to tackle the whole thing at once, which can be overwhelming, tackle projects one at a time. Save money to invest in quality materials and restoration instead of replacement. Older homes can be expensive, but if you set a budget and spend conservatively, the cost can be manageable.

 

Put Your Time Where Your Money Is

As mentioned earlier, some home renovations will require a licensed professional. You will need a licensed electrician and a reputable plumber, but you have the capability and skill to conquer some of the upgrades through DIY projects. Refresh your house with some fresh paint, try your hand at crown molding, and do some of the installations on your own (appliances, cabinets, etc.). Attempting some of the renovations yourself not only saves you money, but it also creates some valuable memories at the same time.

Even though they require maintenance, there’s nothing quite like a beautiful old home. And when you do your part to restore one, that beauty can last for years and years. Before you start repairing or remodeling, consider renting a storage unit to keep valuable items from getting damaged. Prioritize safety over aesthetics when you make your plans, and also think about how you can increase the value of your home through renovations. Finally, tackle your remodeling one project at a time and figure out which projects you can do yourself.

 

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