If it is a large home remodeling job, you often will look first at the kitchen and bathrooms. Depending on how big the job is, you might need a carpenter or a handyman, or a contractor who would subcontract all other jobs such as plumbing, architecture, carpentry, masonry, and other heavy work.
There are important things that you will need to consider before you start.
Analyze the numbers
Having decided which project you will undertake, you will need to list down all that you will be spending for. Therefore, it would be a good idea to check on all the resources that are available to you, such as online tools like the Home Improvement Estimator from Service Magic.
It shows you the various templates for possible remodel projects, such as Estimators for a Bathroom remodel, Kitchen Remodel, Building an Addition, Painting, Roofing, Porch & Deck, and other additional estimators for either Interior or Exterior Projects. This way Service Magic provides a knowledgeable estimate that can help you do your project. All you need to do is indicate the details of your project.
Home Remodel Estimator in turn detailed and itemized estimate reports, free of charge. The reports are instant too and a high percentage of accuracy.
You need to be aware of current price trends. There are price estimates online that you may use as a guide although most likely these have already changed since it was first published by Freddie Mac (©1995-2000). For details go to OldHouseWeb.com .
This same list was updated by About.com to apply to the period 2008-2009. You may use these guides to make a rough estimate of your own project. You will get the proper prices when you have realized what exactly it is that you need.
The cost estimate that you will prepare shall also mean getting your current home value. To get this, you will need to get the current market value of homes in your area. It will tell you whether the renovation will help raise the value of your home, or it will not affect it at all. Finishing your basement would definitely add to your home’s resale value.
Plans and Ideas
Having listed down everything that you will need for this project, you can start shopping for the contractor that will implement your plans and ideas. Get at least three quotations from three different contractors, compare their prices, and scope of work. Do not just settle for the first bid. Ensure that you would get the most out of your investment with a good contractor.
When you have come up with your budget estimate, would you have enough funds to push through with the project, or would you need extra help? There are banks and financing institutions that can help you in this area. As long as you have a good credit rating, you may be able to get a high grade and therefore, a better loan.
In a nutshell, it is necessary to make all the proper preparations in doing a huge project like home remodeling to make it successful.