Renovating a home can be an incredibly stressful process – from choosing contractors to dealing with the mess, time delays and chaos in your home. Some of the stress in the process can be minimized by considering the following before beginning:
- Go to your town or city hall to make sure you have what you need to do the project. You may need to file for permits or check zoning issues.
- Bid out your project to local contractors and vendors and build in a reserve of at least 15-20% of the total projected cost for unforeseen problems or upgrades that you may want to add.
- Don’t rely on estimating your project costs by what you see on home improvement programs on TV. Prices vary significantly by location and area of the country.
- Always factor in additional project time in New England. Weather often affects the time it takes to complete work.
- Do your research! The more time you spend educating yourself, the better prepared you will be for what lies ahead.
The money that you spend depends on the size of the project, the materials that you use and where you live, among other factors. Some common repairs and their estimated costs are:
- New roof – $5,000 – $30,000, depending on size and number of peaks
- Rewire a home – $3,500+
- Upgrade electrical panel – $1,000+
- Replace windows – $175+ each
- Refinish hardwood floors – about $2/sq ft
- Interior painting – $500+ per room
- Exterior painting – $7,500+ (two-story house)
- Remodel half bath – $3,500+
- Remodel full bath – $5,500+
By using the aforementioned strategies and doing your research in advance, it is possible to minimize the stress of renovating your home. Are you uncertain whether a particular renovation will be good for you? Please feel free to contact me and I will happily provide a complimentary cost-benefit evaluation.