Published March 6, 2023

Home Renovations FAQ

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Written by Ryan Kanofsky

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When planning a home renovation project, you might have many questions in mind. Here are some frequently asked questions that can help you get started.


How to Choose a Contractor?


Choosing a contractor for your home renovation project is an important decision. Look for someone who is trustworthy, has good communication skills, and can understand your vision. Do your research by checking their reputation, talking to other clients, and reviewing their past work before making a decision.


What's the Cost of the Project?


The cost of your home renovation project depends on its scope. Make sure to write down all the details of your plan to get an accurate estimate from your contractor. Keep in mind that unexpected changes or additions may arise during the renovation process, which could affect the final cost.


How Long Will the Renovations Take?


The time needed to complete your home renovation project depends on its complexity and the number of changes you make along the way. Pre-planning is essential for getting an accurate estimate of the timeline.


How to Prioritize Projects?


If you are living in your home during the renovation, it's best to plan the project in phases, prioritizing the most essential tasks first. You may also need to phase projects based on cost and availability of funds.


Where to Begin?


Start by conducting research and creating a lookbook of your desired finishes and styles. Talk to different contractors and visit showrooms for inspiration and ideas.


Do You Need Permits?


Your contractor will know which projects require permits. Be sure to follow permit regulations, as failure to secure proper permits can have consequences down the road.


How Much Will Renovations Increase Your Home's Value?


While most home improvements increase your home's value, be mindful not to over-invest, making your home more expensive than the neighborhood. Also, avoid adding personal style preferences that may not appeal to future buyers.


How to Pay for Renovations?


If you have cash on hand, that's a great way to pay for your renovations. Otherwise, consider a home equity loan with manageable monthly payments or a revolving line of credit that can be used for renovations and emergencies.

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