Some remodeling dos and don’ts

Some remodeling dos and don’ts

Remodeling can be a very exciting process for homeowners. It can be fun to watch your home slowly transform into your dream home. Of course, remodeling is also a very stressful experience. No matter how prepared you are for the remodeling process, there will always be unwanted stress. By following these remodeling dos and don’ts, however, you can greatly reduce the amount of stress involved.


Do your homework


Before you begin any remodeling project, you need to do a lot of homework. You need to weight up-front costs against long-term value. You need to research contractors, get estimates, and secure financing for the project.


Don’t automatically go with the first bid


When hiring a contractor to manage the project, or one part of the project, it’s important that you get at least three bids so that you have something to compare each bid to. Don’t automatically base your decision on price. Ask for references and choose the contractor that will do the best job in a professional and timely manner.


Do know your home’s value


You need to know the value of your home because the more equity you have in your home, the more financing you’re going to be able to secure for your remodeling project.


Don’t be afraid to DIY


You shouldn’t shy away from doing some of the work yourself, especially if you’re on a tight budget and really want to stretch every dollar. If there are smaller-scale, manageable projects that you feel are within your comfort zone, then by all means, watch a few video tutorials and tackle it yourself.


Do hire professionals where necessary


Regardless of your handyman skills and your confidence in your abilities, you do need to recognize when a job needs to be left to a professional. A good rule of thumb is to leave any jobs that typically require a licensed professional to those professionals. Don’t attempt to do any electrical or plumbing work, for instance, as you can cost yourself a lot more than you might potentially save.


Don’t ignore free resources


Take advantage of the free resources out there. It’s always free to go online and watch video tutorials for instance. There are also some great websites out there that may give you some great design ideas. You can print off things that seem promising and discuss them with your contractor(s).


Do have a detailed plan


Whatever you do, make sure that you have a very detailed plan laid out before beginning any remodeling project. The entire project should be mapped out on paper to scale before work begins.


Don’t overspend to gain value


Most homeowners assume that the more money they put into their home, the more they’ll get out of it come time to sell. This isn’t always the case. While some projects are likely to recoup most of the cost, others won’t. Homeowners should think about how long they plan to live in the home before deciding on a budget. Unless you’re planning on making this home your dream home and staying in it forever, don’t make your home the most expensive one in the neighborhood because you probably won’t be able to sell it for what it’s worth.

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