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5 Tips for Remodel Projects

Choosing a contractor Finding the right contractor means interviewing several qualified remodelers that you have either worked with before, received a recommendation for, or seen previous work. If you are not in the interiors or remodeling business, then look to the Better Business Bureau, Angie's List, online reviews, and your friends and family for references. Working with a contingency fund Most remodel and even new build jobs end up costing more time and money than expected. Set a realistic budget for labor and supplies, and add on an extra 10-20% contingency so that if/when anything comes up, you are covered. Alternative living space Remodeling is expensive, and moving out just adds to the cost, but renovations can stretch over longer periods than you originally expect, and major remodels in bathrooms and kitchens can be stressful. If you can’t move out for the whole job, try to schedule some time away or even schedule a remodel during a mini-vacation where you and your family can retreat to as an alternative to a construction site. Design ahead Some projects require an architect, an interior designer, a builder , or sometimes all three, but a good solid team will help you come up with a good plan for your remodel. Begin with a detailed floor plan and conduct advanced research before beginning a project so that your brilliant design idea doesn't come after the project is complete! Be Careful About Financing.  If you're financing the project, you want the lowest rate possible and you want the interest to be tax deductible.  However, only certain types of loans will give you an interest deduction so be sure to do some research.  In some cases, refinancing your mortgage can be the best bet.  

Posted on Saturday, March 30th, 2013 | Categories: Tips and Help