Whether you’re renovating a home yourself or you’re hiring a contractor, there are a few things you need to know. For instance, it pays to make a plan before beginning the work. Likewise, you should be sure to make use of reuse centers to save on materials.
Planning is critical
Whether you are renovating your home or building a new one, planning is critical. This ensures that you get the results you want and prevents you from going over your budget. Planning is also important when you decide to sell your house. In this case, it’s important to make sure the renovations you do are appealing to potential buyers.
The process of remodeling is lengthy and complicated, which makes it vital to plan ahead. This includes researching renovation regulations in your area and getting permits for changes. Also, your renovation project should include a contingency fund, so that you can be prepared for unexpected issues.
A floor plan will help you visualize your finished space, and it will allow you to consider various design options. It will also allow you to get accurate quotes.
Don’t pay the total cost up front
Don’t pay the total cost of a home renovation and remodeling project upfront. Instead, you can opt to finance the project with a mortgage or a government backed loan. However, you need to understand the various financing options.
Most states have rules limiting an upfront payment to no more than ten percent of the total project. You can also borrow money to pay for your renovation with a Fannie Mae Homestyle loan, which is similar to a 203(k) mortgage. A 203(k) is a federally insured, government-backed mortgage option that allows you to borrow against the equity in your home. This type of home improvement loan may come with a higher interest rate than a traditional loan, though.
One other way to pay for your home remodeling project is to obtain a loan from a private mortgage lender. Although this option is less common than it used to be, lenders are more willing to lend for a home improvement project now.
Shop at reuse centers to save money on materials
Reuse centers are a great way to save money on materials for home renovation and remodeling. They offer affordable prices, and they sell a variety of items, such as furniture and appliances.
These stores are similar to thrift stores, but they focus on secondhand goods. These items would have been sent to landfills otherwise.
There are a variety of reuse centers throughout the United States, and you may be able to find one near you. One of the best ways to start your search is by browsing the web. You can also do some research in person.
The Rebuilding Central New York ReUse Store in Utica, New York, is a nonprofit organization that provides discount furniture and building materials to low-income households and disabled individuals. It has kept 500 tons of building material out of landfills.
Hire a reputable builder
When you’re looking for a home renovation or remodeling contractor, it’s essential to find a reputable one. This is an important financial investment, so you don’t want to end up making a costly mistake.
Using a professional construction manager can save you a lot of stress, and ensure that your renovation project goes as smoothly as possible. It’s also a good idea to check if the contractor has workers’ compensation insurance.
If your project is large, you’ll likely need a variety of different tradespeople. A plumber, electrician, and architect are just a few of the professionals you might hire. Make sure you have a thorough understanding of what each type of trade is responsible for.
Another thing to look for is a written contract. The documents should detail the terms and conditions of your remodel, and the builder should have a good idea of the total cost.
