DIY home improvements always have the chance to go terribly wrong because most of us are not professional contractors and therefore really have no idea what they are doing. In this installment we are going to prepare the average homeowner for what they can expect during the home renovation process. Whether you hire a professional contractor or attempt renovations around your home there are a few things you will need to do to prepare.
Preparing for Your Homes Renovations
It is crucial to have a realistic budget when it comes to any home improvement project. Take time to research the average cost of the budget you are interested in. Once you know about how much you will need you can start to allocate funds accordingly.
Larger home renovation projects require you to have a substantial amount of money on hand. If your remodel is not something you wish to cover with cash out of pocket, you can look into a home equity loan or line of credit. The benefit of borrowing against your home’s equity is that often the interest that you are paying on the loan can be deducted off of your taxes each year, up to $750,000 dollars. Other options for funding a renovation include a reverse mortgage and contractor financing.
The scope of your project is another element to consider. It is necessary to take into consideration your budget and what you want to see completed during your renovation. Are you considering a complete overhaul of your 1980’s kitchen and hoping to create an open concept where it opens into the living area? Or are you thinking that a fresh look could be achieved with some freshly painted cabinets with updated hardware?
Your budget needs to be comparative with the tasks that you want to accomplish. It is important that you work with your contractor to make sure that between the materials and labor your budget is large enough to cover your renovation while having a reserve just in case some aspect of the project doesn’t go exactly as planned.
Sometimes the materials that you choose are simply out of necessity and exactly what you need to accomplish within a limited budget. For years you may have dreamed of installing granite throughout your home but as the time approaches the realization of just how much more the cost of the renovation will be with granite vs engineered quartz hits. You suddenly realize that engineered quartz is quite elegant and helps you get more out of your limited budget.
As a full-service home improvement contractor servicing all Southeast Michigan, Kearns Brothers, Inc. offers clients a wide range of services to meet their construction needs including: roofing, siding, window, masonry, chimneys, gutters, and insulation services. More information can be found at www.kearnsbrothers.com.