Home Renovation. Thursday , September 13th , 2018 - 18:28:27 PM
Before you start planning your renovation, you should speak to a financial advisor. Regardless of whether you plan to finance the renovation on your own or you'll need to borrow money, a financial advisor can review all your options and advise you as to the best way to finance your renovation. From this stage, you'll be ready to make a realistic plan and budget for your project. Ideally, your financial advisor will discuss a number of options including your own resources, credit cards, personal loans, lines of credit, home equity loans, and mortgage refinancing.
Secondly, it is important that the block of land that your house is sitting on is well suited to the house design that you have in mind. For example, if you can sit your house to take advantage of the rise and setting of the sun you will be amazed at the variation it will make. If you are in a warm climate you want the sun coming into your bedrooms and kitchen early morning and then you want to keep out the bright sun in the afternoon.
Speaking of a budget determine how much you can afford to spend on this home renovation. If you realize that what you hope to accomplish is not possible within the funds you have allotted for the project than you can easily put it on hold at this stage of the process. Determine the cost of all materials, tools and furnishings that will be needed to complete the renovation. If you are doing a kitchen renovation make sure to take into account large items like stoves and refrigerators. If you are doing a bathroom remodel take into account a new tub, sink and vanity. A toilet and new fixtures should also be added to the budget.
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