Renovations are normal occurrences for many homeowners. The good news is, you get a new room (or rooms), your house looks way better and your property value goes up. The bad news is, they can be expensive and can take longer than you want if you fail to plan.
While you probably don’t need help figuring out which rooms you would like to remodel – and exactly what you would like to do with them – you may need help with the less fun things, like paying for a renovation and planning your renovation well.
Your first step in any renovation project should be to do a ballpark estimate of how much money you’ll need to complete your project. Depending on the size of your project (and the size of your savings account), you may decide to take out a loan. Luckily, your Stockton mortgage banker can help you decide which renovation loan product best fits your needs.
After you’ve lined up the funding for your project, the next step is to make a clear outline of exactly what you’ll be doing. The more accurate and detailed you are in this step, the better off you’ll be in the end.
If you aren’t super DIY inclined, you’ll need to hire a contractor. Call some local contractors and get quotes to determine if you’ll need to reassess your budget and cost of materials.
Shop around and pick out everything you’ll need for your project. Don’t forget the small details…the little things can add up too. Make sure that after picking out everything (down to the paint, finishing touches and small accents), you’re still below budget, because generally there will be surprise costs along the way.
Maybe you’re ready for a home facelift, but a full-on reno isn’t in the cards right now…? Check out this post about renovations that won’t break the bank.