Tips to Remodel a condo
Do you have the plan to purchase or renovate a condominium in Washington DC? Well, why don't you think of remodeling it? It is difficult to calculate your return on investment or profit on condo remodeling if you can't make the right assessment of how much it'll cost. Make a rough estimate, considering mid-to-high-end finishes. You can avail cheap materials, where you can perhaps save a significant amount but that will be at the expense of final quality.
Here are your considerations while remodeling a condo in Washington DC:
Nevertheless, if your condo was very old with no rollers on the drawers of the cabinets, the best way will be to replace them. Your decision will be guided by whether or not to keep any item that would significantly affect the quality of the finished product. If everything seems out of order, you may have to think of remodeling but if you have a place to fit in the antique furniture, you can somehow save a bit on your total cost of remodeling.
Here are your considerations while remodeling a condo in Washington DC:
- Things to be Completely Replaced – Sort out the things that need to be completely replaced. If you have the plan to keep expensive items like cabinets, floors, appliances, and tiles, you can significantly save around $100 per square feet. However, before you decide on completely removing and replacing items, ensure that you are keeping relevant items. To take an instance, if you have a 10 years old stainless steel appliance that has started showing its age, you can still keep it and can save around $2-3k because. In the end, the final product will not be affected by the old appliance, though it is good to have a shiny new appliance.
Nevertheless, if your condo was very old with no rollers on the drawers of the cabinets, the best way will be to replace them. Your decision will be guided by whether or not to keep any item that would significantly affect the quality of the finished product. If everything seems out of order, you may have to think of remodeling but if you have a place to fit in the antique furniture, you can somehow save a bit on your total cost of remodeling.
- The Quantity of Condo Getting Renovated – It is significant to know about the amount of renovation work you are undertaking for your condo. Sometimes changing only two of the significant items end up being very expensive like for instance a popcorn ceiling removal or the wall existing between a kitchen and living room. Sometimes for mending a single flaw in your home renovation, you need to choose an alternative involving several dollars work before even starting the work, for example, removing the popcorn ceiling. In that case, it is better to remove the item to prevent ruining other finished products and getting an open and inviting space.
- Things You are Doing on Your Own – If you have the time for remodeling a condo in Washington DC, it would have been great at around $50 to $70 per square feet, provided you do a good job. However, if you don’t have the time, you have to take the help of an architect, contractor, and labor and consider the cost of each party involved. If your condo is about 1000 sq. ft, the remodeling would cost you around $100k and $30k would be the cost for the fees and labor.
- The Way of Making Payment for Remodeling – Funding a renovation can be a bit tricky. However, there are several options. Many people finance their renovation out of their pocket, which seems to have saved a huge cost before remodeling and continue contributing to the remodel fund while going through the process. Always anticipate higher costs compared to your budgeting as that's the fundamental fact of remodeling. Some others borrow their remodeling fund through a cash-out refinance. People also opt for personal loans, which could be an easier alternative despite higher rates. The last option to finance remodeling your condo is through the sale of equity, though it involves a complicated procedure.