We don’t just decide to renovate our homes in an instant without planning. There are certain key points that you must think about while you are still trying to see what you need to change at home. As you may know, home improvement is necessary in order to achieve your goal in selling the property or enjoying it with its new appearance.
You might be needing a professional to ensure that your plans will go through without any difficulties at all.
As an overview, take a look at the seven major key points that you should know toward your successful home improvement plans.
- 1. Determine the whole scope of the improvement to be carried out
- 2. Assess the budget you can set for your home renovation plans
- 3. Validate if the changes require permit
- 4. Confirm if your home improvements would increase the property taxes
- 5. Does the changes you need for your home needs contract?
- 6. Is there any available grants for your home renovation plans?
- 7. Are you prepared enough for the improvement project?
1. Determine the whole scope of the improvement to be carried out
It is important that you know exactly the scope of your plans for home improvement. Check whether the changes you want can add value to your property. For an instance, you plan to include another bedroom in replacement to a stock room.
You made it a real make over through the innovative designs you had in mind. Take note that it may or may not add value to your home property because it really depends on how small or big the changes are. It is better to initially evaluate the coverage of the whole improvement for the preparation of the required documents, permits, and cost estimation.
2. Assess the budget you can set for your home renovation plans
Budget setting is important to make your home improvement plan possible. On this part, you need to estimate the budget you’ll be needing by seeking advice from people who are more knowledgeable about the job.
Since you are not completely aware about the specific details of how much the renovation would cost, set at least an amount that you can commit for the project while looking for the right person to help you in estimating quotes and executing the project.
It is better if there are a couple of contractors that could bid and recommends a worthy offer. Make sure that you can get an itemized list regarding where your budget is going or else find another one. Remember that the estimates must include everything including permits as necessary.
3. Validate if the changes require permit
There are renovations that really do not require permit, including painting or placing wallpapers, replacing a faucet, carpeting, or installing a new countertop. While refurbishments that need permit depends on cities or municipalities.
Examples of these include fences, new windows, electrical or plumbing, water heater, footprint and structural changes, and sidings. For removal or installation of existing plumbing, a permit could be required.
Based on the National Association of Realtors, failure to get proper permits may subject to cancelation of your home sale. That’s why hiring a licensed contractor is important so they can advise you at once on the permit needed on your home improvement project.
4. Confirm if your home improvements would increase the property taxes
Another question you need to ask is if the home improvements would be increasing the property taxes. This would actually be based on the tax assessor’s evaluation. The county tax assessor’s responsibility would track the real estate’s value within a taxing district by inspecting the property, checking building permit applications, getting tips from neighbors complaining due to noise of the property construction, as well as reassessing sale prices.
If you think that the tax bill is not fair in the future, better call the assessor’s office so you can discuss your side on the dispute. When things are still not right, a pursuant of case can be also done with a self-governing tax appeals board.
5. Does the changes you need for your home needs contract?
When you need further repair or remodeling for your home or basically an addition to your residential property, then you must need a home improvement contract.
Aside from that, others that need contract is when you need to modernize or convert a part of your home. In addition, exterior refurbishments or enhancements such as terraces, driveways, or even swimming pools are also included. It is essential to create a contract as a reference of the work being done and to guarantee smooth completion of the project.
6. Is there any available grants for your home renovation plans?
A home repair grant can be only for eligible individuals determined by the Department of Agriculture. There are qualifications to be considered including the age which is 62 and older, as well as a benefit questionnaire that you should complete and pass. If you are lucky enough, then you’ll have the $7,500 grant from them.
There are also available loans that are payable up to 20 years just in case you are not eligible for the grant.
7. Are you prepared enough for the improvement project?
You have to be completely prepared during the execution of your home renovation plans. From initial assessment and scope up to budget and accomplishment of the project. These factors are important to ensure that your dream house enhancements will take place as planned.
Never let the quality of work be compromised just for the sake of the deadline. Make sure that the completion is in total package, which means it is within time, budget, and quality constraints.
Planning strategically for your home improvement is very much important. However, always keep in mind that whether or not you are a skilled person in planning or preparing things, home enhancement is a different one.
Contact a trusted person who can refer you to someone that can help you in this goal so you don’t need to worry or you won’t be surprised on what will happen next.
Your main objective is to achieve whatever the purpose of your plans in improving your home; it could be as addition to your investments, selling of your property, or you just want to see something new inside or outside your home.
Make sure that each of the changes would be worth every single dollar from your budget.