Having a contractor work on your home renovation project can be a great way to improve your property value. But, there are some things you should know before you start to make this decision. You will want to create a clear outline of what you want to accomplish with your project, talk to your contractor, and get a firm estimate of what the project will cost.
Remodeling your home can increase the value of your property
Investing in remodeling your home can be a smart decision. If done properly, you can expect to reap the rewards. Although some improvements will have a negative impact, there are plenty of opportunities to improve your home's value. You can also customize your home improvement projects to fit your budget. For instance, a costefficient cooling system can improve your home's energy efficiency and increase its value.
Although you may not be able to add a swimming pool to your home, there are plenty of other improvements that can boost its value. Some of these are fairly small projects that can make your home market-ready. You can also look for home value estimator websites to get an idea of the true market value of your home.
Getting a firm estimate for the project
Getting a firm estimate for your home renovation project can be tricky. You need to be sure you're getting an accurate price, but many contractors make the mistake of trying to sell you an optimistic estimate. Fortunately, there are some simple tricks to make sure you're getting an accurate estimate.
Before getting a quote, it's important to have a plan in place for the project. An experienced contractor will give you an honest assessment of what your home renovation project will cost. A detailed plan will ensure that you get an accurate estimate. It also helps to have as-built drawings. This will give you a more accurate idea of what your home renovation project will look like before construction begins.
Another way to improve the accuracy of your estimate is to use the unit price method. This allows you to calculate the cost of each individual element, rather than a total cost for the whole project. This can also speed up the estimating process.
Communicate with the contractor
Investing time in effective communication with home renovation builders can make the difference between a rushed project and a successful one. Contractors often get wrapped up in details and fail to tell homeowners when setbacks or changes occur. This wastes time and money.
Homeowners should establish a schedule for communication with their contractor. This may include on-site meetings once a week to check in with progress. It may also include texts and phone calls.
If a contractor is not willing to answer questions and discuss project details, you may want to hire a different one. A good contractor will listen to your concerns and respond accordingly. This is important to avoid miscommunication and cost overruns.
Avoid common blunders
Getting the top of the line renovation of your dreams is no small feat. In fact, you might want to divvy up the work amongst yourself and your family in the name of efficiency. You may also want to pick and choose your tradesmen, e.g., electricians, plumbers, etc.., on a case by case basis. For example, you may want to hire a home renovation guru for the electrical and plumbing portions of your project while enlisting a more specialized crew for the more mundane tasks like installing flooring and painting.
This is a good thing because it means you are less likely to be hit with surprise and deterrent and more likely to find a happy home renovation experience.