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How to successfully plan a home renovation project

Posted on Tuesday, July 12, 2016 at 2:51:36 PM

Proper planning is vital in determining the success of any home renovation project. Proper planning can also save you some time and money and ensure everything goes as smoothly as possible. Here are a few tips to help with your planning:

Plan properly
Consult with a professional regarding the work that needs to get done. Get expert advice on what can and cannot be done in your project to achieve your goals. Doing this ensures you avoid construction problems later down the road, compile a list of the work that needs to be done so everything is well organized. Plan your budget and make sure you build a padding of at least 10% into your number for all those unexpected expenses that might crop up.

Selecting a contractor
It is always a good idea to run a background checks on any contractors you are considering hiring. Check with your local municipal business bureau whether the contractor is fully licensed. It is also recommended that you check with the Better Business Bureau to see if any complaints have been lodged against the contractor or company.

Negotiate a contract
Whether you plan a simple carpentry job or a major project requiring the services of an architect and a general contractor, misunderstandings and lead to disaster. Do not begin remodeling without a written contract. Make sure everyone agrees on the work that will be completed and how long it will take. Also be clear on the types of materials that will and will not be used.

Permit and Financing
There are many different ways of financing your project such as a government sponsored loan for Homeowners, which is a Title-1 Home Improvement Loan. Also, your renovation project will need the required permits and you will need to adhere to local building codes, so be sure to submit your renovation plans to your local municipality's offices. If you have hired a professional for the job, they may assist you with this.