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Remodeling Facts You Need to Know

Starting any remodeling project begins with a dream. A gorgeous kitchen or bathroom! Skylights! Room-sized closets! But, the dream may turn into a nightmare, unless you plan ahead. What kind of remodeling are you looking to do? What is the architectural layout? What is the overall square footage of the area?

Before you remodel, follow these steps to get your project on the right start.

1. Draw Your Dream
You can begin sketching out your ideas and imagining your remodeled home or office. If you are adding or expanding a room, think about how the space will be used and how the changes will affect traffic patterns. Or perhaps you are thinking about a kitchen renovation or bathroom remodeling. So think about the changes and updates you wish to have and write them down for your own reference.

2. Think Ahead
Although you may dream of having a sauna inside your home, the project may not make sense if you plan to sell your property in a few years. Some projects, such as vinyl siding on a Victorian style construction, will actually decrease the value of your home. Also think about any additional storage, energy savings, etc. Moreover, your own family's needs may be very different in a few years. Will the plans you draw today fit your future?

3. Count Your Money
A remodeling project could cost more than you expect depending on the material you wish to buy. Before you set your heart on high-end imported stones or custom made luxury cabinets, find out how much you can spend and make sure you have a cushion against cost overruns. Like any major purchase, you should only spend what you can afford to spend. That means setting a budget and sticking to it. If you work with a professional contractor, he will help you make the most of it - and he'll respect the budget you've set.

As for payment, there are a number of options. Some homeowners tap into personal savings to get the kitchen of their dreams. Others take out home equity loans. If you're buying a house and know you'll need a general home remodeling , you may be able to incorporate the costs in your mortgage.

4. Choose your team
Tackling an entire remodeling project by yourself could drive you crazy unless you are an experienced contractor. Naturally, you'll want to make sure that whoever works for you is qualified, licensed, and properly bonded and insured. Click here to read about things to consider asking your contractor. Use these resources to find the professional you can feel comfortable with.