Build Smart, Home Improvements & Remodeling, Homeowner How-To
As you embark upon your home design journey, there are a variety of factors you should consider to ensure the success of your project. From budgeting to selecting a contractor, proper planning is crucial. Learn how to plan your next project.
As a homeowner, there are projects you need to get done and those you can’t wait to get started on. So, how do you choose which ones are a wise investment? To get the most out of your investment it’s important to be strategic about the projects you choose to tackle.
You’ve heard the saying that your home is the biggest investment you’ll make. Chances are, you’ve got a growing list of home improvement projects you’d like to tackle. When deciding which projects to move forward with, it’s important to consider which upgrades will provide the best return on your investment.
Some improvements, although costly upfront, will pay you back in time through energy savings or increased appraisal value. From replacing your entry door to adding a deck, there are several improvements you can make today that will add value down the road*.
Remodeling can help you decrease your carbon footprint. When choosing a residential building products vendor, look for one that employs sustainable business practices.
And when selecting products for your home, check for the NAHB Research Center Green Approved Mark to ensure that your home improvement project is environmentally friendly.
To get the best return on your investment, it’s important to plan ahead. Here are a couple of tips on how to set yourself up for success:
Do your research to find out if you’re eligible for government incentives on environmentally friendly home improvements. To get the best deal on your home design project, consult multiple contractors.
Now that you know which improvements are wise investments, it’s time for the adventure to begin. Take the time to research energy-saving products and environmentally friendly manufacturers. If you put the payback principal in motion, you’ll enjoy a beautiful, financially savvy home makeover. It may be one of the wisest investments you’ll ever make.
Updating your home can be an exciting endeavor. However, it’s important to establish a preliminary budget before you embark on your home design journey. This will help define the scope of the project and provide a ballpark figure for overall costs
Your budget should include materials, contractor costs, permit charges and inspection fees. Don’t forget to consider the cost of renting power tools and other equipment you’ll need if you’re going to do the work yourself.
If you’re not paying upfront for the full cost of the project, it’s important to incorporate the costs of financing. Remember to include relocation and storage costs in your budget if you’re unable to stay in your home for any part of the project.
When hiring a contractor, we recommend getting at least three different estimates. Some factors that may influence the contractor’s price include the quality of work, local market, labor availability, weather, and time frame.
As a rule of thumb, renovation costs should account for no more than 20% to 30% of the value of your home. Depending on the project, materials may account for 50% to 75% of your total budget. When tracking these costs, make sure to account for the details including electrical, plumbing, light fixtures and more.
In calculating your budget, make sure to use everyday costs for materials. For custom-sized materials, factor in an extra 6% to 10% cost for waste.
It’s also important to familiarize yourself with current government codes and regulations during your renovations. You may have to make additional updates that weren’t factored into the original scope of the project.
Whether you’re a homeowner looking for a professional to help with installation or a pro interested in purchasing Ply Gem brands and product lines, we’ve got you covered.
