If 2016 is the year for you to do either major or cosmetic remodeling to your home, you need to consider these factors:

1. Make a list of the things that you want to do: divide the list into wants and needs. A need might be updating the kitchen appliances that are using a ton of energy and a need would be adding a very expensive apron front sink. Ask a Realtor to assist you in determining what updates and improvements will add value to your home in the event that you are planning to sell. You do not want to over improve for your neighborhood and you need to justify the improvements/cost.

 

2. Ask a contractor for professional assistance so you do not make a mistake, either with the cost or scope of your ideas. Sometimes what seems like a great idea on paper does not translate into a smart investment once you gather all of the costs together for labor and materials. Do not let the popular DIY programs dictate to you how to go about saving money if you “do it yourself” unless you are handy and have a lot of free time. Remember, this is just TV!

3. Calculating the costs of the improvements and setting a budget will save you a lot of headaches. Make sure you have a realistic idea of how much a renovation will cost you. Do your homework!