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Remodeling Blueprint

 

With both investors and homeowners holding on to their current properties with an iron grip because of current market conditions, the normal energy invested in finding a new home or investment property is being directed at remodeling instead.


As per the National Association of Home Builders data, a large part of these home improvement projects – at least at the homeownership level – are “aging in place” jobs as the baby boomer generation prepares for its retirement years.  Another popular type of remodeling is expanding the interior space to accommodate anything from an expanded kitchen to a luxury recreation room.

Irrespective of the kind of project you want to undertake, landing the right contractor is key to the success of your plans. Whether you’re a landlord or homeowner, the National Association of Home Builders offers some broad guidelines to help you in this regard.


To start with, you can often find a good contractor through recommendations from friends and family, or by scoping out current or recently concluded projects in the surrounding neighborhoods. Always verify the credentials of the companies you shortlist with a professional association like bbb.org or nahb.org to ensure you have a complete background check done.

It is also advised that you interview the company so you know that you are comfortable with their style of working and feel that your ideas are in sync with theirs. Ensure that you study all the bids before making a final decision, and make sure you have perused all the necessary documentation before signing a contract. Click here for more remodeling advice from industry pros.



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