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Do you like your current
neighborhood?
If you're happy with your
neighborhood but are moving because you need more space or
want a more luxurious home, you may be able to satisfy your
needs with a renovation or addition. |
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Is your lot large enough?
Before you can even consider a
remodel you need to make sure that your lot is large enough
and that the zoning allows the type of
project you are considering. |
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Is your home suitable?
Not all homes are ideal for
remodeling. While you may be able to force a renovation on
an unsuitable property, the results are liable to be
disappointing and the costs high. |
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Do you want the headaches?
Home improvements can be
difficult and time-consuming. It's important to determine if
you are truly willing to put up with all the hassles
involved - not the least of which is the disruption to your
life during the work period. |
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Consider the financing.
Improvement financing is
different from mortgage loans used for purchasing a home. If
you have sufficient equity in your house you
can probably work with a Home Equity Line of Credit.
If not, you'll need to get a construction loan that is based
upon the value of the property after the project is complete |
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Do you have a contractor?
Finding a good contractor is not
always easy. If you have someone you've used before - or
someone recommended by a trusted source - getting your
project started will probably be lot easier. |
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How long will it take?
Some projects can take a
considerable amount of time. Don't forget to consider the time spent
working on a design, picking out materials, and hiring
contractors. |
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