Having your home remodeled can be incredibly exciting.
After all, what’s better than having the opportunity to mold your living space into the beautiful humble abode that you’ve been dreaming about for years?
Even with the challenges that come with home remodeling, especially that pesky money thing, there’s a lot to be excited about.
To make sure that your home remodel goes as planned, let’s take a look at a few things you should know before getting started.
1. Know What NOT to Do
A lot goes into even the smallest of remodeling projects. Because of this, there’s also a lot that can go wrong with these projects.
For this reason, it’s imperative that you understand what not to do when remodeling your home.
Some of the more obvious things that you’ll want to avoid include:
- DON’T hire a contractor just because they’re a friend or family member that needs work
- DON’T underestimate the cost issues of rehabbing your house
- DON’T do-it-yourself unless you know what you’re knowing
- DON’T underestimate the amount of time that it will take
- DON’T forget to think about local regulations and codes
By understanding what not to do, you’ll be much more prepared for how the project will play out.
And, as with anything, preparation is the key to making it all work.
2. Know How the Remodel Will Impact Your Home Value
Even if you don’t plan on selling your home in the near future, there’s no telling when that plan will change; whether by choice or otherwise.
Because of this, it’s important that you consider the impact that your remodel will have on your home’s value.
Things like energy efficiency, kitchen space, and the durability and longevity of the materials used will all be important to future buyers.
That means they should also be important to you.
3. Know That Taking Shortcuts is a Really, Really Bad Idea
As you continue in the process of preparing for your home remodel, the estimated cost is inevitably going to grow much faster and higher than you’d like.
When this happens, many homeowners quickly look for ways that they can significantly lower the costs.
They think things like:
- “Maybe we can hire a cheaper contractor.”
- “Maybe we can use less expensive materials.”
- “Maybe we can just do some of it now and wait until next year to finish it.”
And while it’s natural to want to lower your costs as much as possible, many of the ways that homeowners do this end up costing them far more down the road.
Instead of looking for quick fixes to your budget problems, consider possibilities like government incentives, cash-out refinancing, or home-equity loans.
Whatever you do, don’t take shortcuts with your home remodel. It’s that simple.
If you want to make your home remodel exciting, and more importantly successful, preparation is critical.
By understanding the concepts listed above, you’ll be more prepared to make sure your remodeling project turns out just the way you want it to.