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New Year Renovation Project
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About Your New Year Renovation Project

About Your New Year Renovation Project

The holiday season can be a very good time to assess your current home needs. If you entertain for Thanksgiving, Christmas or New Year’s Day, then you can observe how people interact as they make their way around your home. Perhaps a sliding door has a tendency to get stuck or maybe a toilet is slow to flush. Or just maybe your home is too confining to entertain people in the way that you would like.

Maybe it is time that you begin to think about your home renovation project for the new year.

Starting a home improvement project in the winter or early spring may be the best time for everyone. For you, the hustle and bustle of the holiday season has past. For contractors, demand for their work may be at its lowest of the year. Contractors looking for work are easier to bargain with — they need to keep their people busy all year long. Please read on for step-by-step guidance on how to get your project going.

1. Define it. What kind of work do you want to get done? When do you want the project to start and to finish? Set the parameters for the job and you will give it definition in no time.

2. Finance it. How will you pay for your project? If you have personal funds, then you are good to go. Otherwise, meet with your banker about a home equity loan, a line of credit or a personal loan.

3. Bid it. Develop a project plan and present that information to several contractors. Explain what you want to have done, the materials to be used, the project’s timeframe and other related information.

4. Pick it. Narrow your contractor list down by choosing bids that are within your budget. Ask for references and call them. Ask for licensing and insurance information. Choose the contractor with the best reputation, but not necessarily the lowest bid.

5. Start it. When your project is getting ready to start, make plans to relocate your family or to stay out of the way. Keep tabs with the general contractor and insist that only insured and licensed people be on hand to get the work done. Make your payments in increments — one-third once the project has started, one-third more after its half way point has been reached and the final payment once the job has been done.

6. End it. The job is officially over when every part of the contract has been met, the work cleaned up and the building inspector has issued his approval for occupancy. At this time, make your final payment.

7. Enjoy it. Your project is now done! Enjoy the fruit of your efforts — why not throw a house-warming party and invite the neighbors? Hold a cookout and enjoy your updated living quarters and your improved home value.

Renovation Projects

Start your renovation project earlier enough in the new year and you will have all summer to enjoy it. If you put the project off until summer, start it early enough so that it is done before the next holiday season.