8 Tips for Creating the Perfect Home You May Not Have Heard About
Even if you didn't buy your dream home, you can still make your current home special. Whether you need a major remodel, or you just need a few updates, you can fall in love with your home all over again. Just don't underestimate the work and expense that’s involved. What's critical, is getting ahead of the not so fun stuff, asking for help, and being wise about your choices. Here's how:
- Be prepared for the inconvenience of the remodel. Determine how construction in a room might inconvenience you and create work-around solutions. For instance, kitchens can take an especially long time, and they cause the most problems compared to all other projects. So, figure out how you will eat your meals and function without a kitchen before the remodel begins. Those weekend or week-long kitchen remodels are only seen on TV. In real life, plan on at least one to three months.
- Determine what portion of the remodel you will handle yourself and what you will contract out. Be aware of the trade-offs of cost vs. time. While you will pay extra for the services of a general contractor or an interior designer, you won't have to worry about completing the project in a timely fashion while you also juggling the responsibilities of your professional and personal life.
- Before you begin any remodeling project know how much you can afford. Add an extra 5% to 10% to your initial calculations for contingencies. The golden rule of remodeling is that something will go wrong and cost more than planned, and not to mention, remodeling costs can vary widely based on the size and scope of the work.
- If you are doing major home remodeling, you will probably need a loan. In many circumstances, a home equity loan can be helpful when completing larger home improvement projects. Even if you have saved enough cash to pay for the updates yourself, you will want to make sure those updates add value. So make sure to do thorough research on how to get the best return on your investment.
If you do consider a home equity loan, home equity loans with Discover Home Loans have flexible terms, don't charge any fees, and offer loans from $35,000 to $200,000.