Starting a large home improvement project is exciting. The opportunity to transform your space into your envisioned ideal can ignite your creativity and breathe new life into your home. But before you begin, it’s necessary to have a solid plan and budget in place. Without them, you might spend more money than you should or end up with a finished project that doesn’t match your vision.
If you are living in Charlotte, NC, you are in luck. It is one of the fastest-growing cities in the United States, and the real estate market in Charlotte is booming. With a strong seller’s market, the city has witnessed an increase in home prices, resulting in competitive bidding and home sales. In such a dynamic environment, investing in home improvement can play a crucial role in leveraging the market’s potential. By enhancing and upgrading their properties, homeowners in Charlotte can increase the value of their homes, attract potential buyers, and stand out in a competitive market.
If you are planning on home improvement, you need to consider certain things before starting. In this article, we will discuss valuable tips to smooth the process for you.
1- Deciding Which Projects to Prioritize:
When planning your remodel, think about the projects you want to tackle first. To avoid potential complications in the future, we advise you to address necessary home improvements before focusing on small-scale projects.
For example, roof replacements must be at the top of the list for Carolinas. Charlotte, NC, has already seen over 21 inches of rainfall, and we are only halfway through 2023. Therefore, you must prioritize roof replacement before any other renovation project.
Since roofing is a complex task that demands specialized expertise and skills, you need to let the professionals do the job. A quick search on any popular search engine for Charlotte roofing company will give you plenty of options. You can then choose the company best suited to your needs and budget. Make sure to work with a company with a proven track record and experience handling roofing projects.
2- Set Clear Goals for Your Project:
Undertaking a home renovation project can feel daunting and involve numerous intricate details. The challenge lies in finding a balance between achieving desired renovations while staying within budget. However, if you have no clear idea of your project scope and if you didn’t research enough about the renovations required, it can be challenging to set goals or estimate expenses.
Therefore, it is crucial to develop a comprehensive plan. Take the time to carefully plan every aspect: the desired renovations, preferred materials, expected timeline, paint color preferences, and organizational processes.
3- Create a Budget:
It is crucial to establish a budget. Additionally, you need to allocate additional funds for unexpected expenses. The general rule is to set aside 10-15% of your total renovation cost.
For creating a budget, consider various factors such as:
- Demolition: This is typically the initial step in any renovation. It may also require attention at different stages, such as in cases of mold, structural damage, water leakage, and similar issues.
- Labor Cost: Labor costs can make up a significant portion of your renovation expenses. Make sure you have enough budget set aside for labor and contractors.
It is also essential to consider other factors, such as the possibility of additional unplanned work, material expenses, and the current condition of your home.
4- Hire Contractors:
Next, you must choose between DIY or hiring a professional for the project. While DIY can save money if you have the necessary skills, it can often prolong the project due to time constraints. Moreover, lacking the necessary training can lead to costly issues that require expensive solutions.
Before hiring a contractor, meet with a minimum of three different contractors and request comprehensive bids for your home renovation project. Each contractor will offer a cost estimate based on your renovation plan. Alongside considering factors like reputation and availability, you must assess and determine which contractor is the best match for your project. Lastly, it is crucial to review customer feedback, licensure, and insurance to ensure you select the appropriate contractor.
5- Set a Realistic Timeline:
Once you have a budget and a team ready for your remodeling plan, set a timeline for the project.
Begin by selecting a preferred start date for your project. If you have a specific completion deadline in mind, work backward from that date to plan accordingly. Talk to your contractors to determine the estimated time for each part of the project. Discuss the order in which remodeling steps should be completed, how long they will take, and which tasks can be done simultaneously.
Furthermore, ensure that your timeline:
- Allocates time for clearing out the project area.
- Accounts for the shipping and delivery of materials.
- Consider any holidays or time off that your contractor may require.
- Includes flexibility for each step to accommodate unforeseen complications.
5- Choose the Right Materials and Appliances:
Opt for long-lasting materials to enhance the longevity of your home. Remember that high-quality appliances don’t always have to be the most expensive ones. Consider both practicality and budget when making your choices.
While you might assume that buying materials yourself instead of through your contractor will save you money, subcontractors often have access to lower prices due to their knowledge of products and suppliers. To prevent any potential disappointments, it is advisable to clearly define the material specifications.
6- Acquire Necessary Permits:
Before starting construction, it is important to note that most cities require permits and building inspections from the local department. Failing to comply with these requirements can lead to frustrating delays.
Certain minor renovations, like painting, installing new flooring and countertops, or changing faucets, typically do not require a permit. However, any modifications that affect the structure of your home, such as decking, fences, or significant plumbing and electrical work, will likely necessitate a building permit.
By investing time in thorough planning and implementing necessary precautions, you can ensure a seamless and enjoyable home renovation experience. Not only will this save you valuable time and effort in the long run, but it will also provide peace of mind.