3 Tips for Planning Your Remodel

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1. Know Your End Goal

Before you decide how extensively to renovate, you need to know what your end goal is for your home. Are you renovating to raise the resale value of your home, or will you be staying put for years to come? Consider the condition of your neighborhood before you begin, and know which renovations are a good return on investment, and which will be considered overdoing it for the area. Having a specific plan in place for your future will help you decide how deep to go with your project

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2. Have a Budget

Knowing your budget—and sticking to it—is one of the most important parts of renovation planning. Remember to add in a contingency fund for any unexpected costs—and expect to use it—as well as incidental costs like the cost of eating out for a kitchen reno, or even taking a hotel for a night or two.

3. Know Your Limits

DIY renos are a great way to save money, have a sense of accomplishment, and involve the entire family, but they can turn disastrous if you don’t know what you’re doing. Know which tasks you can safely tackle, and which should be handled like the pros, like a potentially load-bearing wall, asbestos or lead paint.