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Whether your renovation project has been something you’ve
dreamed of doing for years or a more immediate decision,
your renovation will go a lot more smoothly if you take the
time to plan.
Here are some tips for planning your project:
Figure out why you want
to renovate. Some renovations are timely and costly so make
sure it is worth it. Are you looking to live in your remodel
or sell it off? Most experts agree that you should renovate
for yourself, not for resale. At the very least, don’t pour
piles of money into a high-end remodel when minor cosmetic
surgery would suffice.
Inspect your home. This
is very important on larger scale remodels. This can help
prevent any sudden surprises down the road. It can also be a
red flag before spending lots of money.
Figure out the best time
to begin work. Big renovations impact the entire family.
They can go a lot smoother if everyone understands from the
beginning the magnitude of work and that it was scheduled
during a time which least impacts the family.
Budget is major,
necessary. Determine at the beginning if you have the amount
of cash necessary. If you plan on financing explore your
options including using equity in your home to accomplish
your remodel. “Use your assets to build your assets.”
Don’t sacrifice quality.
You may save a few dollars for a cheaper option but if it
won’t stand the test of time you’ll end up paying more in
the long run. Keep the big picture in mind.
Think green. Choose
energy efficient options wherever possible and you will reap
savings for years to come.
Think about your long
term needs Careful when decorating your remodel not to limit
its future capabilities. You want to be able to turn a baby
room into an office space with very little money.
Hire a general
contractor. As mentioned previously, don’t sacrifice
quality. Research local contractors and be sure to ask
friends and family for recommendations.
Tell the neighbors Often
times your street will be filled with various construction
vehicles. Be courteous, warn your neighbors.
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