How to Plan out and Budget Your Home Remodel and Additions

Whether you want to add a room to the house or remodel a kitchen, bathroom or other space, the process isn’t quite as simple as snapping your fingers and having the work completed. While you don’t have to turn the task into an overwhelming project either, planning out and budgeting the work can help streamline and simplify the process.

Set a Budget

The temptation to start looking at paint colors, flooring possibilities and more is likely present, but you’re better off setting a budget first. In order to establish a budget, you may need to speak with a loan provider to see what amount you might qualify for and if you can afford those monthly payments. In the event that you’re paying out-of-pocket, you might determine exactly what you can spend. Remember that the work is likely to cost at least slightly more than the estimate. Unforeseen issues can certainly come into fruition.

Research Permits

While you might think that you are free to make any modifications that you wish to a property that you own, permits are required for certain types of work. The smartest idea is to find out what the rules are in the town where you live by conferring with the local government. Local ordinances can point you in the direction of any state or federal requirements that you also need to follow. For example, you will likely need a permit if you are adding a new room onto the house, and you will need to find an electrician who adheres to the National Electrical Code if you’re having electrical work done.

Scour Reviews

You might find a company with excellent prices and glossy photos, but this business might not be the most professional one to hire. Conducting research on contractors is an absolute necessity. In addition to reading reviews from other clients, you need to make sure that these reviews are honest. Meeting with the contractors can also help to give you a sense of whether or not you trust them to perform the necessary work. Another important step is to ensure that the contractors have the appropriate licenses and that these documents are not expired.

Obtain Estimates

As you are narrowing down the list of possible contractors, you will then need to get estimates. Having a few estimates is a good way to get a sense of what is reasonable for the work that you need to have done. If the contractors are not taking measurements when they are putting the estimates together, you should express some concern and ask questions. For example, envision that you are having the kitchen remodeled. Cabinets are available in only a certain number of sizes. Otherwise, the cabinets need to be custom-made, which generally costs more. You want to know which path you’ll have to go with the cabinets before agreeing to have any work completed.

Establish Starting and Ending Days

You should be able to nail down a firm starting day with the company. Also, you should get a reasonable estimate of when the work will be finished. Just as with the price, you will likely need to allow for a little bit of flexibility because unpredictable issues can arise. However, if you are told that the work will take a month to complete, it should not take four months. You might not think that it matters how long the work takes, but consider the fact that you may need to find other living or cooking arrangements during the process.

Having work done on the house is exciting. In order to heighten the chances of a smooth process, plan accordingly.