Home improvement is the process of making improvements to a home or property, usually to increase its value. Whether you’re looking to add square footage, re-do a bathroom or simply make your house more comfortable and safe, the right renovations can bring in big returns.
Whether you’re looking to upgrade your home or are considering selling it, here are some tips to help you decide what’s best for you and your family:
1. Know the cost of your project.
When planning a home renovation, it’s important to be familiar with the costs of materials and labor so you can plan ahead and budget accordingly. If you’re hiring a contractor, it’s also a good idea to get a quote from a few different contractors so you can compare prices and services.
2. Have a vision for your finished product.
Having a clear idea of what you want your home to look like when the project is complete can help keep you focused and on track, especially if you’re doing it yourself. You can find inspiration for your home renovation projects in a variety of sources, including magazines, books, and websites.
3. Create a project schedule and budget.
When you’re ready to start a home renovation, it’s important that you have a detailed project schedule and budget so you can estimate how much work is needed and when it’s going to be completed. This can help you avoid overspending or underspending on your project and ensure that you’re getting the best value for your money.
4. Don’t be afraid to ask for advice or assistance.
Almost any home improvement project can be difficult, so you’ll want to have someone there to walk you through the process and offer their advice. A contractor can be a great resource, as they’ll have an insider’s perspective on what needs to be done and how long it might take.
5. Consider financing your renovation.
If you’re planning a major overhaul, consider a home equity line of credit or personal loan to cover the costs. These loans usually have interest rates below 4% and can be a good option if you’re not sure how much money you’ll need to make the upgrades.
6. Use a home improvement aggregator to get multiple offers for your renovation.
Aggregators, which typically have memberships in a trade association or professional organization, bundle home improvement service offers and act as intermediaries between service providers and consumers. They can also provide discounts on home improvement products and services, which can save you a significant amount of money.
7. Choose a reputable contractor.
When choosing a contractor, it’s important to choose a company that is licensed and insured and has a good reputation for quality work. You should also check references and perform a background check.
8. Be careful not to overspend on your renovation.
Unless you’re planning to remodel your entire home, it’s best to keep your renovation budget relatively small. Overspending can lead to expensive problems down the road, such as a rotting roof or an infestation of termites.