Starting a home renovation can be overwhelming with all of the building, style, and budget details. There are contractors to hire, prints to choose from, and appliances to research. Be sure to follow a plan, use the tips below to help reduce stress, and stick to a budget to create an ideal home renovation.
Design a Plan
The first step in your next home renovation project is to plan. Create a plan that states the goal for renovation, design inspiration, and an outline of the work that needs to be done. The plan should include blueprints or sketches of the finished project, a list of needs, a detailed list of which projects can be completed independently, and which ones require the help of a contractor or handyman.
Check local zoning rules and regulations to ensure the plan will be permitted. Sometimes, building permits are needed if the purpose of a room is changing or the structure of the home is changing. Wait to apply for permits until a team has been hired and the timeline for each stage of the project has been determined.
Create a Budget
The next step is to create a realistic budget. Take into consideration the cost of permits, building materials, labor costs, and the cost of decorations and finishes. Finalize any financing from a bank or credit union, and set aside 10% of the total to cover unexpected expenses.
Ask for cost estimates from each professional, and don’t be afraid to get multiple estimates if needed to get the best deal. If the cost of something doesn’t fit within the budget, go back to the building plan and eliminate the lower-priority elements on the list.
There are many factors to consider when hiring contractors. Don’t rely exclusively on cost estimates. Consider hiring a company that has been in business for a while and has a good reputation in the area. Make sure that the contractor is licensed and has certifications that may be specific to their work. A good contractor will have worker’s compensation insurance and personal liability insurance to cover any accidents that might happen while on the job.
With the contractor, develop a payment plan that is acceptable to both parties. Don’t pay for the entire job upfront. While a down payment is usually necessary, wait until the work is completed satisfactorily before paying the amount in full.
Once the plan is in place and work is ready to begin, it’s time to clear out the space and get ready. Sometimes, it is necessary to completely move out of a structure while it is being renovated, but other times it is okay to just vacate the part of the space that is being transformed. Think ahead to determine what you will need during the renovation.