It’s not uncommon to remodel a home every five to seven years. Normal wear and tear can certainly take its toll on a house. Not only does a house deteriorate over time, improved building materials and new designs in cabinetry, flooring, and fixtures quickly outdate a home.
If it’s been awhile since you’ve upgraded your home and repairs are getting ahead of you, then it may be time to start the remodel process. When undertaking your next home remodel job, the following tips will put you on the right track to success.
1. Determine your ROI
ROI is your “Return on Investment.” Of course, you will want the highest ROI you can get from your remodel. For example, if you spend $20,000 on a kitchen remodel and it adds $15,000 of value to your house, you would be getting a 75% ROI. The remodeling projects that give you the highest ROI are listed below.
- Room additions (90%)
- Updated siding (88%)
- Kitchen remodel (80%)
- New windows (80%)
- Bathroom remodel (78%)
2. Carefully Plan the Design of your Remodel
Research the design you have in mind and talk to friends who have undertaken the same type of remodeling. If you want to change current floor plans, use some graph paper or a floor planning kit to experiment with different ideas.
3. Allow Enough Time for the Project
A contractor cannot compress a six-week remodel into four weeks. You can also save money by scheduling your project in the contractors’ off-season. Plus you will probably get the job done faster.
4. Pre-purchase Certain Items
Discontinued appliances and some building materials are often heavily discounted. If there’s a style you like, consider buying and storing the item when you see a really good deal.
5. Live Away From Your Home
So that the mess and stress of the construction do not overwhelm you, if possible, stay somewhere else for the duration of the remodel project.
6. Plan for Additional Costs
Remodeling projects rarely finish on budget, especially exterior home remodeling projects. Therefore, over-estimate costs so there is money to cover the unexpected.
7. Line Up Your Money First
It is tempting to begin the remodel job even before you have all the necessary funds. However, once you begin knocking down walls and tearing up floors, unforeseen problems can occur, and you may not have enough money to complete the project.
8. Obtain a Comprehensive Bid
Obtain bids from at least three remodeling contractors. If a bid is unusually low, make sure it includes everything you want.
9. Request a Written Contract
Make sure the contract covers the following:
- Project description
- Payment schedule
- Contractor/subcontractors responsibilities
- Defects and correction
- Change order procedures
- Right to terminate
- Dispute settlement methods
10. Check for Contractor Credentials
Ascertain if the remodeling contractor is licensed and insured for Worker’s Compensation as well as property and personal liability. Ask for references on similar jobs that you can contact. Remember, a professional remodeling contractor like Leonard Albanese will gladly furnish you with references.
Whether you are remodeling your home because it is dated or because it is showing wear and tear, these tips will help you achieve a successful remodel.