Renovating your living room can be an exciting change but it also can be slightly stressful. Where do you start? How much should you spend? There are so many things to consider before renovating but relax, we are here to help. Get ready to kick back in a comfortable new living room that suits your needs and your budget. We have a few best practices for you as you organize and recreate your new space. These tops tips will make sure that you have the living room of your dreams without spending all your money.
1. Do Your Research and Have a Plan
First rule, do your research and figure out what you’re looking for before you start working. I know that for me, I could easily fall in love with a lot of different style living rooms. That is why you need to make a few concrete decisions before you go and spend your whole budget. Take your time to plan before you begin, so that you are less likely to have regrets when you are finished. If you don’t make a firm plan then you will probably end up spending way more than you would have liked.
2. Consider Your Lifestyle
To start, try to envision how you see yourself and your family getting the most use out of your new space. Will the space be used for parties? Intimate gatherings? The most important thing is to think long term. Try to plan for not only your current stage of life but for the next phases, as well. Think about what type of groups you will entertain in your new space. What will work best for the type of people that will be in your living room.
3. Consult the Pros
Always speak with friends and family before making a renovation decision. That way you can hear their experience and what to do/what not to do. Speak with other couples on how they like their living room space and what they would have changed. This will give you a clear idea of what you may need versus what you think you want. This will help a huge amount as you make sure to stay within your budget for a profitable living room renovation. To find realistic numbers for architecture, construction and design services, talk to a few professionals you may be working with. Talk to a few pros so you have a sense of how prices may vary.
4. Leave Room for What You’ve Overlooked
You will forget something, it’s inevitable. It is smart to have a 10 percent contingency plan for things you will forget about. Put some money inside for possible outstanding costs. You may decide you need a few more items and it will be helpful to have some money put away for these type of situations.
5. Think About Resale
If you are planning changes that will significantly increase the market value of your home when you sell it, consider using a home equity line of credit to pay for those changes. Just remember that the real estate market can be unpredictable, and to make sure to not borrow more than you’ll be able to pay back.
After all, your new space is all about you and your family. This is your space to spend time with family , enjoy yourself and relax. Living rooms are made for relaxing and entertaining so it is important to focus on what will be most comfortable for you and your family. Making sure you have a firm budget will also help you planning accordingly and not go over in your spend.
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