The Renovation RoadmapRenovating your home is an exciting process.
Renovation Road map
Your Lifestyle Checklist / Wishlist
Developing Your Lifestyle Checklist
When you renovate your home, it’s important to make sure your plan suits both your present and future needs. There are a variety of lifestyle changes that can alter your housing needs, including:
Changes in your family situation, such as the arrival of a new child or an aging parent, or having grown children move away from home. Each of these changes can mean changing how you use space in your home. You may want to convert an extra bedroom into a home office or create a living area on the main level of the home.
Increased accessibility needs due to health or mobility impairment. Stairs may cause difficulties. Bathrooms may need security handholds, wider doors and special fixtures.
The length of time you expect to live in your home may influence your renovation investment choices. With the possible exception of kitchen and bathroom upgrades, not all of your renovation investment is likely to be recovered when you sell your home. If you expect to be moving within a few years, you should take this into account. If you expect to live in your home for many years to come, the financial return on your renovation investment may be of less concern.
Your long-term financial goals should also be considered. For most Canadians, their home is their single largest financial asset. Renovation investments should be part of, and consistent with, your overall personal financial plan.
Download CHBA’s Lifestyle Worksheet.
Developing Your Renovation Wish List
A renovation wish list identifies the specific features you want to include in your renovation. It also allows you to decide which items are “must-haves” and which are “like-to-haves” – features that you’ll include if your budget allows.
This is the stage of renovation planning where you need to get out and see what others have done, what new products are available and what design features, finishings and furnishings are right for you. There are many potential sources for your renovation wish list ideas:
Family, friends and neighbours who have had renovations done. Design and home improvement magazines from your local news stand. Cut out and collect pictures of homes, rooms or products that appeal to you. This can be a great help when you sit down to discuss your project with a renovation contractor.
The Internet is a great source of design ideas and inspirations. Most product manufacturers have websites and many renovation contractors also use the Internet to showcase their services and projects.
In larger centres, visit kitchen, bathroom and building products showrooms to see what’s new.
Home shows and open house events are another great way to see new products and design ideas. Check with your local Home Builders’ Association to find out what events may be planned in your community.
It is a good idea to organize your renovation wish list into categories that deal with design, products and materials. As you build your list, give careful thought to what items are most important to you, i.e., the “must-have” features. This will provide you and contractors you hire with a clearer sense the priorities for your project.