Q: When should I remodel?
A: There are many times when choosing to remodel is a
good decision. Here are a few examples:
• When your family expands
• Fixtures and materials become worn or dated
• You desire — and can afford — change
• You crave better design and space functionality
• Your neighbors’ remodel has raised property values
• You love your neighbors and your location and don’t want to
physically move
• You live in a home that has sentimental value
• Someone in your family has become physically challenged
• You desire to go “green” environmentally
Q: How do I determine a remodeling budget?
A: Consult with a financial advisor to determine what
you can afford and what you’re willing to spend, including home
equity, if applicable. Consider talking with a realtor who will
help you determine your home’s market value or visit
www.zillow.com. Check your
local
real estate taxes, which can serve as a benchmark for your
home’s current and future value.
Once you have a budget, talk with a remodeler who can provide
you with a history of similar-costing projects. Discuss your
wants, needs and desires to see if they fit within your budget.
Q: How do I determine who will handle my remodeling
project?
A: First, determine the scope of your project by considering
what needs to be done; the reasons for remodeling; existing
mechanicals; what might be buried on your property that may
cause problems; zoning issues; and orientation of sunlight, not
only for environmental
reasons, but also for lighting considerations.
Next, consider design. Do you know what you want? Will you
work with a design contractor, an architect or a designer?
Remember, you don’t want to over design a project you can’t
afford
to build or work with a less-experienced contractor who doesn’t
understand the costs associated with trying to meet your design
specs. For more information about the design/build process,
visit
www.robboramconstruction.com and choose Design/Build Process.
Finally, as you meet with remodelers, ask yourself:
• Does the remodeler consult with me before trying to sell me
his or her services?
• Is it a
dual interview process?
• Does my personality fit well with the remodeler’s personality
and business philosophy?
• Does the remodeler understand and share my design vision
and display an attitude of
expertise and teamwork?
Q: What should I consider when it comes to project cost versus
value?
A: Keep these considerations in mind as you plan your remodeling
budget:
• Understand your home’s value, so you don’t over improve and
sacrifice a return on
investment.
• Know the difference between maintenance projects and
valueadded projects. For
example, replacing a roof is a maintenance
project that won’t necessarily add value.
Why? Buyers expect a roof to be in good
condition. However, remodeling your kitchen
will make your home more attractive to buyers and
increase your home’s value.
• Keep in mind the difference between good, better, best and
premium products.
• Understand what your spouse/significant other values versus
what you value.
• Consider your project’s time value. How long will you be
happy with your design
decisions?
• Ask yourself what you value about your neighborhood. Do
your children attend a great
school? Is your home close to family members or
near your place of business? Is your
home surrounded by great neighbors?
Q: How do I maintain my project budget?
A: Make as many design selections as possible before your
project begins. The only unknown should be demolition. Nobody
can see behind walls. However, if a remodeler is experienced, he
or she will have a better sense of what could be hiding behind
plaster or drywall — including what could go wrong.
If you’ve taken the time to plan the design with your remodeler
before you begin, you’re less likely to change your mind during
construction, which results in costly change orders.
If you plan to complete any of the work yourself, you must hold
yourself accountable to your budget just as you would your
remodeler.