4 Things to Consider Before a Remodel

4 Things to Consider Before a Remodel

As another year starts to wind down, you may be noticing places around the house that could use a little sprucing up.

Ready to start tearing down walls and interviewing contractors? First, ask yourself these key questions to make sure you’re ready for the work -- and excitement -- to come.

What’s my motivation?

Knowing your “why” will help determine important project specifics, like your ideal timeline, what you’re willing to spend and which updates to prioritize. For instance, critical electrical maintenance and structural improvements should come before stylistic upgrades or room additions.

How flexible is my budget?

It’s rare for your estimated cost to remain static over the course of a home remodel. As a rule of thumb, prepare to spend at least 10 percent more than you originally planned. Also make sure to calculate labor and material costs, permit fees and any necessary increases to your home insurance coverage.

Which updates will increase the value of my home?

For good reason, kitchen and bathroom remodels make up the majority of home improvement projects. Homeowners who upgraded these spaces saw their home values increase 83 percent and 81 percent, respectively, according to the most recent Houzz and home study.

Can I do the work myself or should I hire a professional?

Large-scale renovations will require expertise from a contractor, so do some research to ensure you’re hiring the right people for the job. For DIY projects, make sure you’re equipped to do the work safely and won’t make any mistakes that will end up costing you more in the long run.

Even small renovations can be a big deal, but asking the right questions up front can help you avoid problems and ensure you’re satisfied with the result.

Have questions about how a renovation will affect your coverage? Reach out today.


Posted 4:53 PM

Share |


No Comments


Post a Comment
Name
Required
E-Mail
Required (Not Displayed)
Comment
Required


All comments are moderated and stripped of HTML.
Submission Validation
Required
CAPTCHA
Change the CAPTCHA codeSpeak the CAPTCHA code
 
Enter the Validation Code from above.
NOTICE: This blog and website are made available by the publisher for educational and informational purposes only. It is not be used as a substitute for competent insurance, legal, or tax advice from a licensed professional in your state. By using this blog site you understand that there is no broker client relationship between you and the blog and website publisher.
Blog Archive


View Mobile Version
Facebook
LinkedIn
Twitter
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
Carriers
© Copyright. All rights reserved.
“Information provided on this website does not constitute professional advice. If you have legal, tax or financial planning questions, you need to contact a qualified professional.”
Powered by Insurance Website Builder