Step One for Your Exterior Remodel: Figure Out That Budget!Jul 20, 2015
There are a lot of benefits to remodeling the exterior of your home. One of the biggest being that it’s a sure way to boost your property’s curb appeal, which can go a long way in increasing your home’s value as well as attracting potential buyers should you ever decide to sell. So what’s the first thing that you should do once you’ve decide to remodel your home’s exterior? Figure out your budget, of course!
- Loan options – Go to several lenders and find out how big of a loan you can obtain (if you are borrowing money in order to pay for your remodel). By knowing what you can borrow, you’ll have a better idea of what you can spend.
- Speak with contractors – Once you know how much money you have to work with, find several contractors to speak to about the job. While most contractors will provide you with a rough estimate on what they think you want done, it will often cost more unless you are very specific about the details. So know what you want to do before talking to a contractor. In addition to comparing costs between different contractors, do a background check on each Kansas City home remodeler by looking up reviews and speaking with references.
- Stick to your plan – Once you’ve decided what you want done to your exterior – stick to it. Don’t get distracted by smaller projects that you could do as well as you go along – this will only make your original budget inaccurate.
- Don’t forget about hidden costs – When determining your budget, account for hidden costs. You should have a 10 to 20 percent cushion to account for potential issues that you may encounter.