5 Factors to Consider When Planning a Remodeling Project

Undertaking a remodeling project can be a rewarding experience if you want to see a change in your house. However, there are several things you’ll need to keep in mind before you begin. Let’s take a look at five factors to consider when planning a remodeling project:

1. How to Pay for It

If you have plenty of money stored away, you can use some of that to make your project’s budget. Otherwise, homeowners can use installment loans to cover the cost of a remodeling project. Most banks and credit unions offer home improvement loans specifically for people who need some money to finish their remodeling or construction projects. Home equity loans are also a good option, but they carry the risk of you losing your home if you don’t pay on time. Finally, you can use credit cards as long as you keep the high-interest rates in mind.

2. Finding the Right Contractor

There’s a lot to look at when finding an ideal contractor for your project. If you’re planning on remodeling your kitchen, you might want to look at a contractor specializing in kitchens. An experienced contractor is also a safer bet than a newer face. Make sure they are fully licensed and insured with workers’ compensation and liability insurance. You should also ask for references and contact them to ensure that your choice will treat you fairly. Finally, don’t ever hire a contractor that insists on the entire amount upfront. You should discuss payment terms with your contractor beforehand.

3. How Long Your Project Will Take

You can choose the desired start date or work backward from the date you want the project finished. Ask your contractor what needs to be done first and what can be done concurrently. Keep holidays in mind since contractors don’t usually work on them. Allow time for cleaning up the space and the delivery of all the materials you’ll need. Finally, be sure to allow up to a week behind your expected completion date if any unforeseen issues crop up.

4. Keeping Requirements and Utilities in Mind

You should consult your contractor to see what changes are viable. Things like plumbing and wiring can put hard limits on what a remodel can achieve. If you need to build out and dig a new foundation, you’ll need to contact your utility companies to see if any underground pipes or wires are at risk. On top of this, significant changes from remodeling can lead to support alterations for your house. Most places have building requirements beyond a state’s building code, so you should talk to your contractor about how you can keep your project up to code while achieving your results.

5. Preparing the House for Your Renovation

Not only does this mean cleaning the space out, but it can also mean having to adapt your home to the interim reality of a room is out of commission. If your kitchen’s the subject, you’ll have to remove all dishes and set up an alternative cooking space. If your bedroom’s the subject, you may have to sleep on the couch for a while. You may even need to move out entirely if the entire house is being worked on. You should plan your relocation roughly ten weeks before the start and pack up approximately ten days beforehand.