Gladys Sanford Home Remodel April 01st, 2019 - 02:20:45
Home remodeling improvements can provide a significant boost in improving both your living space as well as the value of your home. It can often make your home more energy efficient while making it more comfortable and attractive.
The 2nd part is trying to maintain the magic number. Once you've determined how much you can afford, try to plan on spending about 80% of it. Save the extra 20% for any of the "unforeseens". Anything not in the original contract will be additional cost. For example, on a roof remodel, a roofer can find that the roof decking is not acceptable for roofing shingles, you're talking anywhere from $500 to $4000, determined by size of roof, local plywood and labor cost. Depending on what the circumstances are, it could be hundreds or possibly thousands in change orders. Better to be prepared than stuck in a hole.
Lists of accredited contractors are available from industry organizations like the National Association of the Remodeling Industry (NARI). These organizations can also offer guidance as to how much bonding and insurance is adequate for the type of project you're preparing to undertake.
Faster project timelines. With more accessible materials, and available designers and contractors, a whole house remodel can get finished faster now than a few years ago. The days of 12-18 month waiting periods and delays leaving remodels half-finished are over.
When searching for the right contractor, remember to check their experience and expertise. Have they been in business for a long time? Do they specialize in particular remodel projects? It is also a good idea to ask for references. A good contractor will have many references to share with you. Be wary of those who don't as this could be a sign of inexperience or a contractor who doesn't have a good working relationship with clients. If they have one, ask to view their portfolio of past home remodels to see what the contractor has accomplished. Work with someone you trust. You want to get quality results within your budget.
Home remodeling and the housing market have slowed down, but there are optimistic signs that things are getting better. According the "Housing 360" report by Hanley Wood, about 42% of homeowners feel that it's a good time to remodel their homes. For homeowner's with a higher income of $100,000 or more, the statistic increases to 56%. The lack of credit still makes it hard for homeowners to buy new homes or renovate their existing homes. But recently, people have been watching their money closely and been able to provide the money for their home remodeling projects with cash. In fact, 80% of homeowners use cash for remodeling their home.