Remodeling Guide

Remodeling for the first time can be downright frightening. Let’s face, it if you are like most people, your home is one of your largest investments. With so much at stake, it’s no wonder there is a lot of anxiety associate with the process. That being said, just keep in mind that a successful project is not only visually satisfying but financially rewarding as well.

A smart remodeler will maximize his/her Return-on-Investment (ROI); increasing the home value by at least the amount spent. The “Home Remodeling Magazine” website provides some of the best information on home remodeling cost and the resale value for each type of improvement; ROI’s are typical range from 60% to 70%. However, with proper planning, working with a right contractor, and shop for the best deals/best value on materials, you can recoup up to 100% of the remodeling cost if not more.

Plan out your project

Planning is the initial and critical step in any remodel project. Start by critiquing your current area to be remodeled and compile a list of features you absolutely need and those you like to have. Establish a budget for the project then shift priorities on what is important based upon your bottom line. Be upfront with your contractor about how much you plan to spend and what you hope to get out of it. A knowledgeable contractor can help you establish a realistic plan to work within your budged, explore design options, and help set the right expectations.

Choosing the contractor

A good contractor will be able to provide design ideas, guide you through the remodeling process, and help keep your budget in check. More importantly, choose one which you feel most comfortable to work with; who shares common goals, honest, and easy to communicate with. Your contractor should explain all details on the job, including the brand names, models, floor plan, payment terms, scheduling and who is responsible for what. Don’t just give the job to the cheapest bidder. “The sweet taste of a low price lasts only a short while. But the bitterness of poor quality, service and craftsmanship lasts a lifetime.”

Shop for best value on materials

A significant portion of the costs entailed in a remodel project is the cost of materials. The costs quickly add up when you factor in major cost items such as appliances, cabinetry, windows, doors, tile, flooring, countertops, and lightings. If you invest some time to comparison shop for the best prices, you can save big material costs.

“The more saving you achieve on remodel cost, the bigger Return-on-Investment you get, and the more value you add to your house.”