Learn how to plan your next remodel with these 5 steps!

Thinking of making that old, tired bathroom into a modern, more efficient one? Want to update your kitchen? Wondering where or how to begin? Here are a few pointers to help you create a plan and get started on your next home remodel.  

5 Steps for Planning Your Next Remodel

May 16, 2017

Follow these 5 steps to plan your remodel from start to finish.

Thinking of making that old, tired bathroom into a modern, more efficient one? Want to update your kitchen? Wondering where or how to begin? Here are a few pointers to help you create a plan and get started on your next home remodel.

1. What is the Purpose of the Remodel?

Are you making your home more livable for you? Or are you planning to sell this year? Some remodels add value to your home and others are just nice to have, according to the 2015 Cost vs. Value Report. Keep your end goal in mind when choosing which remodels are worth the time, effort, and cost.

2. Set Your Budget

Decide how much you can afford to spend, and build your budget around that. Compare prices of labor and materials and be certain to factor in a contingency fund to pay for unexpected expenses, such as: asbestos, structural flaws, water damage, etc. When financing is necessary, many people use one of three methods: a cash-out refinance, home equity loan or home equity line of credit.

3. Plan Your Project

Know what you want before you get estimates. Do as much research as you can and have a clear, specific plan before talking to contractors. You’ll get a more accurate estimate if you are specific in what you want done and the materials you would like to use to make it happen.

4. Choose Your Team and Set a Schedule 

The people you select for your project should be problem solvers, good listeners, and budget watchdogs. Interview at least three contractors, and get a written bid from each one. Choose the remodeler who offers the most value for your projects, says the Huntsville/Madison County Builders Association. “The lowest price does not necessarily provide the best value,’’ the association says in its Remodelers Council Guide.

5. Update Your Homeowners Insurance

It’s a smart move to contact your homeowner insurance provider to review your policy before you begin any major remodels. Make sure to increase the amount of your coverage before the remodel is complete. If not, and the improvement is damaged or destroyed, you may have to pay for the repairs out of pocket.

Whether you’re remodeling for your own sake or planning to sell, having a plan will make your remodel go much smoother. If you do your research, set a budget, and implement a plan, you’re bound to feel confident in your next project.

What remodeling questions do you have? Ask us below!

This article was adapted from our Aspire! member newsletter. See all the articles here

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