What You Need to Know Before Remodeling Your Home
Posted on January 14 2020
A home renovation project is always an adventure. This adventure can go bad quickly if you fail to perform your due diligence. However, the home renovator who takes the time to carefully plan their project and trust the professionals they enlist for help is more than likely to enjoy a favorable outcome. Before beginning your home renovation project, there are a number of things you should keep in mind.
Have a Plan
Careful planning is essential to ensuring the success of a home renovation project. The planning stage is also a perfect time for you to employ professionals with the talent and experience to prevent potential problems before they take place. Architects, surveyors, interior design professionals, and structural engineers are all available to you and should be consulted as needed. Great planning will make it easier to develop a manageable budget and ensure there are no nasty surprises awaiting you.
Create a Budget
You should remember that the word dream in a dream house is used for a reason. From the day you begin budgeting the remodeling project becomes a reality and you will realize that there are aspects of your project that may not be feasible for you. As you budget, take a trip down the aisles of your local hardware store to provide yourself with an accurate and current list of material costs. You should also reach out to multiple contractors to get a clear idea of labor costs.
Think About Resale Value
You should possess a pretty good idea of how each home addition will affect the value of your home before you begin a remodeling project. Many homeowners have a not so good story to tell about a home addition that seemed like a great idea at the time but ended up lowering the value of their home. Kitchen renovations are often the home improvement that brings the greatest return on investment. An updated bathroom can also pay dividends in the event you choose to sell your home at a later date. Things like modern appliances, no-wax floors, and pantry closets can all add value to your home if they are installed correctly.
The legal requirements in the home improvement industry are not so different from legal matters in other industries in that they are in a constant state of change. You should familiarize yourself with standard home building codes before setting off to remodel your home. In general, the building codes and permit needs you will encounter are designed to keep both homeowners and contractors safe. However, you may encounter some rules and regulations that are in place for other reasons. For example, there could be a restriction in some neighborhoods regarding the number of permissible stories that can be built onto a house.
Pick the Right Contractors
Once your plan is set and you understand the rules and regulations that will affect your project, it is now time to identify the professionals that provide you with the best chance of achieving a successful outcome for your project. You should remember that you are the project boss and it is your responsibility to make sure the right people are in the right positions to complete the job. You can start the vetting process by reaching out to family and friends for recommendations. Once you have the information for ten to fifteen local contractors, you should compare their profiles. You should next ask for licenses and certifications from the contractors who still have your interest. If references check out for the contractors who have made it this far in the vetting process, you only need to perform one more check for any red flags you missed so far.
Stick to a Schedule
A major threat to your home renovation project is not being able to meet the deadlines you establish for yourself. For this reason, it is important you are realistic when establishing this schedule in the first place and hire the right contractors to complete the job on time. Contractors should have no problem acknowledging deadlines in writing if they are serious about completing the project on time. You should make all pertinent decisions before the project begins but maintain enough flexibility to deal with any unexpected situation that arises. One final thing to keep in mind is that contractors may ask for advances before beginning a project, but you should never complete payment before the job is finished.
Know What You Are Getting Into
Home renovations projects are difficult. And there will be days that you question your own sanity for taking on such a project. These feelings are normal and are much better dealt with if you consider some of the practical issues you will face before the project begins. Family members will not be happy with any time spent without basic services like water or electricity so you should minimize these times as much as possible and prepare for the backlash when it is unavoidable. Dust and debris will also make their way away from work areas and interfere with the comfort of family members.
Before remodeling your home, you should consider the need for insurance against things like fire, theft, and flooding. Some insurance may be required if your home renovation project is being financed with a mortgage. Make sure that you check the requirements for such types of insurance in your area so you can abide by the local regulations. Make sure that you think about the weather conditions in your area before you decide on what insurances you want to purchase. Certain areas of the country might be prone to more natural disasters or bouts of adverse weather, so it might be good to get insurance that covers those types of things if you live in one of those areas. For example, if you live somewhere on the coast like Florida where it rains a lot, it might be wise to get flood insurance.
Keep an Eye on Unexpected Expenses
Despite your best efforts at scheduling and budgeting, there will always be unforeseen circumstances that may result in additional expenses. These expenses should be closely monitored but if you have done your homework and produced a detailed plan, these unexpected expenses will only represent a minor inconvenience.
You will experience a daunting but potentially rewarding task when you decide to take on a home renovation project. The good news is the risks associated with these projects can be greatly decreased with a bit of planning and organization. There are a number of tips and strategies available based on the experiences of many home renovators before you that can provide you with the needed insight to ensure a successful home improvement.
Once you finish your home renovation, personalize your new space with some of our home décor!