Home renovating is soaring with popularity: in fact, in the next calendar year, more Americans plan to renovate their home instead of moving to a new property. Home remodeling has obvious advantages for families, as it omits the possibility that your children will need to switch schools or adjust to a new environment. It’s especially useful for young families whose growing numbers require more space than their home accommodates. Whether you hire a contractor or DIY a home makeover, careful planning is key to maximizing your home’s dream potential.
Funding Your Home Remodeling
The first step for parents looking to remodel is 1) figure out exactly what projects you wish to take on and 2) whether you can DIY the task or need the help of a professional. Once you know you want to hire a professional, it’s a good idea to obtain quotes from several companies before entrusting one with your home improvement. For older families, it’s often worthwhile to tap into your reverse mortgage before taking out a traditional home improvement loan. If you do need a bank loan, look for ones specifically designed for home improvement projects: again, it’s a good idea to shop around for a good interest rate before settling on a lender.
Insist On A Firm Contract
If you choose to hire a contractor or other professional help for your home renovation, insist on a clear, detailed contract with a firm timeline for the project. This will lay out all the expectations of your project while making it clear to the contractor what you intend to
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