Feel the joy 1-32 pages updated - Flipbook - Page 9
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Planning
for a remodeling
project
If you decide to go ahead and renovate, you will then move into the
planning stage. Plenty of planning
takes place before the renovation
project begins. First, you will need
to analyze the current condition of
your home and decide what needs
to be upgraded. It’s often best to
consult a real estate professional
about this before you get started.
If it’s a seller’s market, you’ll be
surprised by the upgrades you can
skip. Next, you’ll either need to 昀椀nd
a general contractor who will coordinate subcontractors for the various upgrades or choose to act as a
general contractor yourself. This can
be a lengthy process as you should
talk to at least three potential subcontractors for each upgrade. We
recommend three because it provides you with a healthy range of
prices and levels of experience for
each job before you commit.
For example, you may focus on
an update that doesn’t generate
a suf昀椀cient return on investment
for the time and money spent. You
may also 昀椀nd yourself working with
poorly performing contractors or
coordinating multiple contractors
to complete multiple projects at
one time. Don’t forget that remodeling will leave you on the hook
for cleaning up all of the mess and
dust before selling. You should also
consider whether or not a remodel
will price you out of your current
neighborhood. If this is the case,
you likely won’t receive the return
on investment you’re looking for
with renovations.
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