Home Renovation. Tuesday , October 02nd , 2018 - 17:24:21 PM
If you spend much time watching home renovation programs, you probably have the misguided impression that these types of projects are quick and easy. These programs are successful because they essentially have unlimited budgets and the assistance of top renovation professionals including designers, contractors, and tradesmen. In reality, homeowners are often renovating on a fixed budget and their access to resources is more limited. Moreover, home décor programs rarely discuss the cost of home renovations, and when they do it can be difficult to determine what is covered in their budget. So what is the cost of home renovation?
Still, you probably want some advance advice about how to budget for your renovation. It is important to consider two main factors that will affect the price tag on your project - soft costs and hard costs. Soft costs include design and budget development, permit fees, and professional fees (i.e. the cost for architecture and interior design). Hard costs are related to the construction phase of your project and will include the cost of labour and materials. In the typical renovation, soft costs account for about 30% of your budget, while hard costs make up the remaining 70%.
Home renovation not only increases the value of your home, but it also enhances the appeal of your home and makes it a more comfortable place to live. In order to complete the renovation work done perfectly, you need to hire the service of a reliable home renovation contractor. As there are numerous contractors available in the market, it is important to choose the one who can deliver a successful home renovation project. You can get references and recommendations from your friends or colleagues who have hired a contractor in the recent past. It is crucial to check whether the contractor you want to hire has a license and is insured. You can also check with the consumer affairs to see whether the consumers have filed any complaint against the contractor, before hiring him.
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