Starting a major home renovation can be both an exciting and overwhelming process. Research, proper planning and working with reliable professionals can help ensure your project’s success. Before hammering the first nail, here are seven things you should know.
1. Set Clear Goals
Understanding the “why” behind your renovation is crucial. Align the project with your long-term goals, whether it’s enhancing comfort or boosting home value. Evaluate how each renovation aspect aligns with your objectives for your living space.
2. Create a Contingency Budget
It’s wise to have a contingency budget, regardless of the home improvement project you’re planning. This extra financial cushion should cover hidden damage or unexpected expenses, saving you from stress and delays. Experts recommend setting aside 15-20% of your budget for unforeseen issues.
3. Select a Reputable Contractor
Your renovation’s outcome hugely depends on the contractor you will hire. Be sure to obtain multiple quotes and look for professionals specializing in your specific project. Look beyond cost and consider each of your candidate’s experience and reputation. Run background checks, request proof of licensing and insurance, and read online reviews.
4. Set a Realistic Timeline
Real-life major renovations take time and involve scheduling complexities. Communicate with your contractor to understand timelines. Anticipate scope changes, material delivery delays and other hiccups. Have open lines of communication with your contractor to avoid misunderstandings.
5. Know Your Financing Options
You have various options to finance a major renovation project. Among them are cash, traditional loans and home equity lines of credit. Evaluate your options thoroughly to ensure you have accessible funds throughout the renovation.
6. Invest in Quality Materials
Select the best quality materials within your budget when renovating your home. Superior materials are usually more durable and attractive than cheaper alternatives. Their longevity also makes them more cost-effective in the long run.
7. Be Involved But Don’t Micromanage
Ultimately, it’s your home and your renovation. Stay involved in the decision-making process, but avoid micro-managing your team. Trust their expertise, but ensure your vision and preferences are well-communicated.
Ready to revamp your humble abode? Choose Ben’s Construction Inc. for your home renovation. We have been delivering superior services for more than two decades. Call us at (508) 962-2417 or complete our online form to request a quote.