All those home remodeling shows on television—and all the DIY websites—sure make it seem easy to just dive right into your own home renovation. Of course, anyone who has actually attempted to take on one of these massive Divine Cabinetry reno projects comes to quickly learn that these are much bigger than they anticipated.
So if you have found yourself in such a situation, here is a list of questions you can ask, in an attempt to stay out in front of it:
QUESTION #1: What Is a Realistic Budget?
There is a difference, technically, between what you can afford and what you are able to budget. In this case, you want to look at what amount of money you can reasonably set aside to finish the job. Even if you have $20,000, that is not necessarily what your budget should be. For one, you need to expect that you will encounter some issues, so you should always take your target dollar amount and subtract 30 percent. That is the amount of money you can reasonably spend on the initial reno investment.
QUESTION #2: Can I Reasonably Stretch My Budget?
Short answer: yes. If you find that your budget is not quite as high as you had hoped, you can cut back on many things. For one, understand that the kitchen has the highest return on investment (and the bathroom has the lowest). In addition, you can sacrifice some aesthetics for efficiency; or even just tackle one room at a time.
QUESTION #3: Do I Need This or Do I Want This?
If you are having some trouble figuring out how to spend your money, boil it all down to what you need versus what you want. Always address the needs first. This includes things like structural and functional repairs and upgrades that will definitely improve resale value.
QUESTION #4: Should I Hire A Contractor?
nother short answer: Yes. However, the necessity for a contractor really depends upon the complexity of the job. Any reasonably intelligent person can perform most cosmetic fixes (paint, cabinet replacement, etc), but there is also a pretty good chance you can figure out how to install a lighting fixture or even a toilet. Whatever you are comfortable trying (and risking) you should consider; but always weigh that risk against the benefits and call a contractor to maximize the payout.
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