TIPS THAT SAVE YOU TIME AND MONEY
Embarking on a remodeling project is a no small task and shouldn’t be taken lightly. Before you engage a professional contractor, consider the main reason(s) for your remodel. Are you a first time buyer trying to make the best out of your investment? Are you expanding the family, or downsizing after the kids have left to college? Is this an investment property?
Whatever the reason may be make sure you and your partner are on the same page regarding the basics.
GET A PLAN
As with anything in life having a plan always pays off in the long run. After carefully considering your personal situation, current needs and wants create a list of the rooms and areas you wish to remodel. Think about the functionality of the space and timeline for the remodeling. Utilize platforms like pinterest.com and houzz.com to explore ideas and find inspiring design options. Be mindful when selecting permanent changes like tile, cabinetry and hardwood flooring. Consider bold options with inexpensive elements like paint, hardware and trims. Avoid extravagant trends and colors to prolong the life of your remodel. Find a contractor that uses innovative materials and products, and keeps up with trade updates. Look for someone who listens carefully and is willing to educate you on the different options to accomplish your goals and reach your desired results.
DECIDE ON YOUR SCOPE
Consider what you’d like to accomplish for each space and decide how small or big the scope will be. Do you need a basic decor update, or a full-blown renovation? Your project scope will determine who needs to be engaged in the process – an interior designer, an architect, or a contractor. Before you reach out for help you need to be clear about the depth of your remodel. Create a list of the desired outcomes and the tasks you want accomplished to determine the type of expertise needed.
SET A BUDGET
Start a budget by listing all necessary purchases for the rooms you wish to remodel. Include flooring, cabinetry, countertops, appliances, furniture, hardware, window coverings, plumbing fixtures, etc. Consider the value of your home when evaluating the cost for each upgrade. Does it make sense to invest $40,000 on a bathroom remodel in a home that costs $450,000? After setting a preliminary budget add 10-12% to allow for unexpected expenses such as termites, or dry rot damage found during demolition. Discuss with your contractor the options of phasing out the work to manage the budget.
HAVE REALISTIC EXPECTATIONS
Remodeling a house is a big and stressful undertaking, and you should set realistic expectations regarding the timeline and cost. Research extensively by talking to friends and family who’ve remodeled before committing to a long term project that will affect your daily routine. Setting the right expectations from the beginning could make a big difference, and will spare you the additional stress from overspending time and resources.