While some people advocate doing renovations to increase the value of your home, you need to know that few renovations and remodeling projects will give you a 100% or more return on your investment.  While remodeling and making renovations can certainly help the sale on your home, they won’t necessarily bring in enough money to cover your investment. 

So, when should you do renovations on your home?  The best answer is ”when you want to make the changes for you and your comfort in the home.”  Even a kitchen remodel, which is often the most desired type of remodel and the best way to increase the selling points of your home won’t often bring in a 100% return on your investment. 

When you do decide that the time is right for you to undertake renovations or remodeling, keep the following in mind:

Don’t worry about being picky if you need a contractor to help you.  You will most likely invest a lot of time, money and disruption to your life when you decide to renovate or remodel and you need to fully trust your contractor to make sure the job is well done.  Ask for references and call them.  Ask to see examples of similar work.  Keep asking until you’re sure you’ll be comfortable asking this person to work on your home.

You’ll also want to make sure your contractor has current insurance.  Another option that you have is making sure that your personal liability is sufficient to cover any accidents by uninsured people on your property.