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Planning A Home Remodeling Project

Taking the time to properly plan out a home remodeling project can serve to save homeowners a large amount of time, stress, money and hassle. In general, most of these projects turn out to be more expensive and time consuming than people initially assume. If you are considering your next home remodeling project, the article below will help you plan it out.

Lake Minnetonka, HGTV Remodeling Project

Step 1 – It only takes a quick look to realize that remodeling resources are virtually everywhere. From magazines and books to DVDs, television programs and show rooms, the possibilities are pretty much endless. Open your eyes to what’s around you and figure out exactly what you’re looking to achieve. Check out friend and family homes, local home improvement stores and the grocery store magazine rack for ideas.

Step 2 – Decide whether you will oversee the entire project or if you would be better off hiring a project manager. An experienced management firm will be able to help you plan and design the project, plan out the budget, decided who will be involved, etc. If you decide to hiring a professional, it’s important that you take the time to research your options. Ask friends, family members and local real estate agents for recommendations.

Step 3 – Stick to your budget. As with most long term endeavors, it is easy to allow a home remodeling project to stray from the initial budget that was designed. Work to obtain the best materials available for the best price, and DO NOT be afraid to negotiate. In today’s economy, deals are created, not stumbled upon.

Try to budget for an amount beyond what you initially think you need. This way, if something unexpected happens to come up, you’ll be prepared.

Buy only what you need. While it’s fun to spend money, you’ll likely regret it later if you end up missing funds for a wall because you spent too much cash on a fancy mirror. At the end of the day, you’ll be fine without the extravagant light fixture and premier paint. Get the necessities taken care of, saving the extras for a later time.

Step 4 – Check into your financing options. If you don’t have immediate funding available, this can be a life saver. Head down to your local financial institution to check up on current rates. An investment into your home will only work to serve you financially down the road.

Step 5 – Decide which aspects of the project can be completed on your own, and which will require the aid of a professional. Projects like paint and simple electrical work are things which many homeowners can do on their own. Save yourself a little money by investing in your own skill level. More complex projects such as flooring or carpentry are likely best left to people with the experience and knowledge necessary to ensure that the job gets done correctly.

Once you’ve got your plan in place, make sure to review your notes before moving forward. Having a solid plan will help you to accomplish your goals without letting the project get out of hand.

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