According to Zillow Porchlight, home renovations can be rewarding with you and your family enjoying the finished results, but with any home improvement project, you are likely to hit a few bumps in the road.
Here are four things to know to help you make decisions that keep you from regretting your home renovation project.
You may need a permit (and getting one will take time and effort)
Every town has its own rules, but most major work will require a permit.
Improvements may not pay off
Most homeowners think they are instantly adding to their home’s resale value by upgrading and remodeling, but out-pricing the market with fancy interiors may cost when trying to sell your home.
Hiring a professional may be cheaper
If you do-it-yourself, you may be getting into costs you didn’t anticipate, such as equipment rentals, bribing friends to help, and needing to take time off from work. Any home improvement project — DIY or professional — is likely to go over-budget, so either way, factor in at least 10-percent for overages.
Good contractors book months out
Some contractors are available right away, but that may mean that they aren’t booking jobs. Good contractors will be booked months out, so be sure to schedule accordingly.
To ensure you have a good contractor, be sure to get recommendations from friends and family. Ask potential contractors for a list of past clients and current projects, and inspect those projects, if possible.
Of course, make sure the contractor is licensed, bonded and insured by asking for proof. Finally, don’t forget to ask about subcontractors they work with, and research those names as well.
Source: Zillow Porchlight