What Should You Think About Before You Decide to Remodel?

In a tighter economy many homeowners may consider a remodeling project over the purchase of a new home. Small or large, remodeling projects involve many things that you should consider before you decide to begin.

What is it that you would like to accomplish?

Think about your project first as the big picture. Is it something that you just saw in a magazine or is it something that you have wanted for a long time? How beneficial will it be to you? Even small remodeling projects can become expensive so look at what the entire project will involve. If you are only trying to increase the value of your home do your research well. Some projects can add more value than they cost and others may not add to your value at all.

Finances:

Major remodeling projects will probably require financing. Check in advance with several loan sources and decide exactly what type of loan you will need before you make a final commitment. Be sure to have enough financing available as many times remodeling projects run over their first estimated cost.

Do it yourself or contractors?

Many times homeowners with basic skills can complete all or most of their projects themselves. Be sure that you do have the time and skills or plan on hiring a contractor. Check to be sure that the contractor you select is licensed to work in your area and can follow all building codes that may be required. If you can check references, do so. Get any guarantees in writing and have everything spelled out in your contract before you sign.

In complex remodeling projects more than one type of remodeling crew may be needed. If you have hired a general contractor check to see that all the sub-contractors will be able to work together to complete your project. Find out if your general contractor is responsible for paying for sub-contracted work or if you are.

Building materials:

Remember that custom built items and special orders can take longer for delivery. If you have picked out tiling that is unusual or hard to match order extra. It may not be available if you run short or need more later on. If your contractor is supplying electrical fixtures find out who is responsible for repairs if any fixtures are defective.

Back up plan:

Almost anyone that has had major remodeling done can tell you that the jobs usually are not completed exactly on time. If your project is supposed to take two weeks allow for three. Material availability, labor and the weather can all cause delays in the completion of your project. Have a back up plan. A friend or relative may be able to house you for a day or two if things get too noisy, too dusty or just plain unlivable. A local motel can also be an option. Hopefully you will not need to have to escape but you can gain peace of mind knowing that you can.