Your home is the biggest financial purchase you will make in your life. So, naturally you want to take good care of it, but you also want to do things that help increase its value. After all, it’s an asset that has the potential to increase in value over time.
One of the easiest ways to increase your home value is by upgrading and remodeling. And the two most commonly upgraded and remodeled rooms are the kitchen and bathrooms. They can instantly add a lot of value.
If you have been considering a home remodeling project take these tips into consideration. They can help you save a lot of money, while still helping you get the value-added results you want.
Make sure you verify a contractor’s license and insurance.
You always want to make sure that any contractor you are considering hiring is licensed and insured. If not you could receive low quality work, and even worse, they might do damage to your property that will not be covered by insurance because they are not operating legally.
There are a lot of ways to verify them, like calling your local state’s licensing department. There are also some online checkers like this one that you can do a quick check on before diving deeper locally.
Look for things you can DIY (YouTube has great tutorials).
There are a lot of things you will need an experienced contractor for, but there are also a lot of things you can do yourself that will help reduce your cost.
You can often find videos to help with anything from how to install drywall correctly to giving you plumbing tips to save money if you are remodeling a bathroom.
Research your remodeling project and see what steps or phases you can handle yourself. Anytime you aren’t being charged for labor, the less the total project cost will be. Material cost is just a small portion of it – it’s the labor that quickly adds up.
Space your project out over time.
If you find out that there are a lot of things you can do yourself then don’t be afraid to spread the project over time and do it in small pieces. It might end up taking a couple more weeks, but if you can save a considerable amount of money this way do it.
Then you can always put that money saved into other remodeling projects in your home to really help increase its value.
Ask your friends to help and make a weekend out of it.
There are a lot of things to take into consideration before you start a remodeling project. But have you ever thought about asking your friends if they want to help? They might have experience and they might actually enjoy doing projects like that.
Not only can this save you money, but it can be a fun bonding time with good friends. They help you, then you help them with a project.
Just make sure to stock up on beer and feed them good. 🙂
Lori is a consumer activist that thrives on bringing important information to the attention of the public. She is an avid e-commerce junky who is fascinated with online business.