Renovating. When you decide to remodel your home, it can be very tempting to skip the boring planning stage of laying out every detail and jump straight to the fun part where you get to start painting, buy new furniture, find some beautiful French doors, and get the latest light fixtures. Unfortunately, renovation planning is not that simple and there is a lot of work that goes into it. In order to keep your home renovation project from going into complete chaos and go way above your budget, the first thing you need to do is to plan out your renovation very carefully. You need to think through every stage of the project so that it runs smoothly and everything gets done as planned. Below are a few tips for planning out a successful home remodel.
How To Plan Before Renovating
Find your end goal and write it down
Before you decide whether or not you need to start knocking down walls or buying entirely new furniture for the whole house, the first thing you need to do is figure out what you want your end goal for your home to be. This means that you need to think through whether you are renovating your home to bring its value up just to sell it for a higher value, or if you are renovating it to make it your dream home for the rest of your life.
If you are renovating your home to get it ready for resale, then you need to figure out which renovations have the best returns on investment. If you are renovating your home in order to stay there, then you need to have an idea of exactly what you will want your life to look like in the future so that you know just how detailed of a project to get into.
Set your budget
The most important part of any renovation project is knowing what your budget is. If you do not set a budget before you begin your project, then it will be very easy to get carried away and spend too much money. This could either put you in debt or you could run out of money and not be able to finish the project.
When setting your budget, make sure to set aside at least a couple of thousand dollars as an emergency fund since there will always be at least a couple of unexpected costs that come up during a project like this. Your budget will also tell you that though you may want a top of the line, amazing renovation with all polished finishes, you may need to get some cheap upgrades that look expensive and give you the same desired look in the end. Do all of your research and plan your budget carefully, running it by contractors and financial advisors, before you even pick up a single nail and hammer.
Know that you cannot do everything on your own
There are some renovations that you will be able to do by yourself, especially if you are a crafty person. However, if you are not a person that is licensed or experienced in construction, then you will have limits and will be unable to do everything on your own. In fact, if you try to save money and do a project on your own instead of hiring a professional, you can actually end up costing yourself more money. Sometimes, it is best to let professionals handle big projects while you tackle the fun details.
Get references on contractors before hiring one
If you have compiled a list of a few contractors that you are interested in to help with your renovations, then it is important to do your research on them before picking one for hire. A good contractor will be able to provide a huge list of references of satisfied customers as well as being able to give you a copy of their licenses and insurance. For any project in your house, big or small, ask for references, pictures of their previous projects, and proof of licenses and insurance before hiring a contractor.
Planning out your renovation is just as important as tackling the renovation itself. It is important to do your research and pre-work before taking something on so that it all goes smoothly and you end up with a home that is elegant, cozy, and customized the exact way that you want it.
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