Whether you’re an investor or a homeowner, remodeling your house can be challenging. What renovations make the most financial sense, and which ones should you forgo? Should you do the work yourself or hire contractors to complete the work? These are questions you need to ask yourself to reap the most benefit from your remodeling projects.
Below, we explore a few ins and outs of home remodeling to help you make the right decisions when it comes to renovating your house.
Home Remodeling 101
The first step is to determine what projects you want to tackle. A key thing to keep in mind is not all renovation projects are going to result in more value should you sell your home. A good rule of thumb is to make renovations that keep in line with other homes in the area, so your house isn’t any nicer or any shabbier than others selling in the neighborhood.
Of course, if you’re not going to sell your home, you may want to remodel it to make your home more comfortable or upgraded. This is fine as long as you realize the improvements you make may not garner much value should you decide to sell your home later.
The next step is to decide whether you’ll do the work yourself or hire contractors/subcontractors to do the work for you. This can be a tough decision because you want to get the most bang for your buck and dishing out money to professionals can eat into your budget quickly.
Finding Professionals to Help You
Professional contractors can be costly, so you’ll want to make sure the professional you hire can do the job right and on time. Look for professionals on Facebook Marketplace, Angie’s List, Craigslist, or ask your friends or family for references. Contact each and ask questions about what they charge, how they work, and when they’d be able to start. Next, ask for a resume and references so you can verify their work with others. Once you’ve narrowed the list down after this step, arrange a face-to-face meeting. This gives you a chance to discuss things further and find out if they can be on time and communicate well.
Finally, if all goes well to this point, arrange a meeting at the job site and get an estimate for the work to be done. If they’ve gotten this far and their bid is acceptable, you’ve found a good contractor for your project.
Renovating a house can be an exhausting undertaking, especially if you decide to do some or all the work yourself. Sometimes, it’s better to hire a professional so you know the work is done right than try to save a few bucks and end up with subpar results. Remodeling your home doesn’t have to be a challenging task – hiring the right people will make it much easier.