7 Steps to a Successful Home Remodeling Project
Remodeling is one of the most effective ways to increase your home’s value and equity, but you have to do it right. Whether you’re looking to sell your house in the near future or just want a home that better suits your lifestyle, strategic remodeling can help you get there.
Choosing the Right Projects
When you’re planning a remodel, you should keep a few things in mind: which projects will add the most value, how much they’ll cost and how much time it will take to complete. The more ambitious projects, such as a kitchen remodel or adding a master suite, will likely deliver the highest return on your investment, while smaller renovations, such as painting a room, can be more affordable and require less planning.
Investing in a Home Equity Line of Credit
Many homeowners choose to use a home equity line of credit, or HELOC, to fund a remodeling project rather than taking out a mortgage. It can be more flexible than a loan, and allows you to draw on your equity as needed without having to pay a large up-front fee.
Choosing a Contractor
When it comes to selecting a home remodeling in St. Petersburg, you need to ensure that you hire someone with the skills and experience needed for your project. This means that they should be a member of the National Association of the Remodeling Industry (NARI), have a good track record with your local Better Business Bureau and should provide references from satisfied customers.
Having the correct insurance coverage is also essential during a home remodeling project. A homeowner’s policy is required in most states and will protect you from any liability that may occur during the project. This coverage can include things like structural damage, fire and flooding. It’s important to check with your agent or financial advisor to ensure that you have enough coverage for your remodel, especially if the project involves a roof.
Selecting a Start Date
The next step in your remodeling project is to determine which portion of the home needs to be renovated first and which can be completed at the same time. This will allow you and your contractor to estimate how long the process will take, and if any parts of the project are more time-consuming than others.
Rebuilding and Framing
When you’re building a new addition or reconfiguring an existing room, rebuilding is a critical part of the process. It’s the final stage of your construction and it can be a big job, so you’ll need to have the proper expertise on your side to make sure everything goes smoothly.
Once you’re ready to begin, it’s a good idea to start working with your design-build remodeling firm on the details of the remodel, such as laying out the budget, communicating with them about your vision and securing permits. This will ensure that the entire project is taken care of in a timely manner and your home is ready for resale when the time comes.