The Process of Home Remodeling
Remodeling your home can allow you to add tremendous value to your home, increase the functionality of the space and create a new feeling throughout the space. However, home remodeling often comes at a hefty price tag and can lead to upheaval in your life.
Follow these steps to get the biggest bang for your buck and to keep your home remodeling project project at a manageable level.
Establish a Remodeling Budget
Determine how much money you have to spend on your home remodeling project before embarking on it. Include overage expenses with the budget.
Many home remodeling projects go over budget by 10 to 20 percent. Many projects go over budget because of unforeseen expenses, increases in material upgrades or additional items that are added to the budget throughout the home remodeling process.
Assess the items that are crucial to the project and the items that would be nice to have but are unnecessary. This will help you stay within your budget while still leaving room in the future to add new features to the space.
Select an Area of the Home to Improve
Home remodeling projects are often focused on particular desires for the space, such as the desire to create an open concept living space, a preference for a larger bathroom or the need for a modern kitchen. You will probably not be able to improve all of the spaces that you want to improve during one renovation project.
Select the area that would make the biggest impact to your life, such as adding another bathroom or updating the kitchen, that fits in your budget. Also, evaluate the potential increase in value for each project. Although you want to improve the function of your home, a house is an investment and should be viewed as a potential way to make a profit.
Select Home Decorating Materials
Making your own selection of materials can help you personalize your space and save money. A large portion of a home remodeling budget goes toward the material costs and contractors will not usually provide you with the best prices.
Shop around to make sure you find the best deals on materials. You can also choose to downgrade certain items, buy scratch and dent pieces or choose cheaper options, such as choosing a remnant or tile version of granite rather than a large slab.
Be Selective with Contractors
The contractor will likely receive the larges portion of the home remodeling budget. Contact at least three contractors to provide you with estimates for the work. Ask for a detailed and itemized list of each potential expenditure.
The contractor who offers the cheapest price is not necessarily the person who is best to complete the home remodeling job. If he does poor work, it may cost you more in the long run because you will have to hire someone else to do the job right. Check to make sure that the contractor is licensed, bonded and insured to avoid potential liability or legal problems.
Do Not Take On Too Remodeling at One Time
It is easy to begin adding projects after the home remodeling is underway. However, adding too much can increase the budget and the timeline. A remodeling project can be stressful to live through and should not be never-ending. Stick to the original plan if at all possible.
Home remodeling projects add value to your home while also allowing you to work on a new configuration or upgrade to your space that can make a big difference. If you approach your project with organization and a clear plan, you can complete the project with minimum hassle or stress.
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