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4 Things to Know Before Starting a Home Remodelling Project

Home is much more than a place where an individual or a family decides to live and is a set of four walls. It can be a reflection of one’s personality, aspirations, and feelings. You can read a family’s belief system and even history from a settled house. 

You can buy a house once (in most cases), however, you can choose to redesign it multiple times. These days, buying and even furnishing a home for you and your family has become incredibly difficult amid the inflation, at the same time, remodeling is also not an easy task. Since redecorating is going to cost you a lot of money and time, be very tactful before zeroing down on your decisions. 

First, you might need to get an insight into how you want your house to look. Some are really into modern architecture, on the other hand, a few families choose to keep it traditional. Be it an old school look or new age look, it’s bound to cost you some fortune. Also, you might need to choose a suitable time period for your renovation plans to execute. Here are tips to keep you out of worry as you move towards redecorating your beloved home:

1. Understand the Goals of Your Renovation

If you are looking forward to selling the house in the future, to get a better price you might need to consider that aspect while planning the details of the renovation. On the other hand, those who are planning to stay in the same home for more than 10 years should think thoroughly in order to get what they want now in addition to what might help them after a certain point in life.

Those with a family can have a separate children’s room too. Also, you might like to add some of yourself to the home, by choosing the vibe that you want for your home. 

2. Set Your Budget

Before you start looking for service providers, you should set a limit of how much money you want to spend on this home renovation project. You can also look into the idea of applying for a personal loan to refurnish your nest.

3. Be Realistic About the Timeline

Often, it takes at least a couple of weeks for the whole renovation thing to get done. However, it also depends on how far you have gone in it. If, apart from furniture, you are looking forward to getting a freshly painted home with a few adaptions in construction too, thank we can keep a month in mind.

It is advisable to live somewhere else till your home is ready, considering all the dust particles and chemical smell along with the workers.

4. Pick the Best Contractor

The easiest to choose the best contractor is chiefly the most expensive option. In order to avoid a big blow to your pocket, you can carry a little research and make a list of suitable contractors in your town. Pick at least 4 or 5 of them to contact and make your decision after having a discussion with each. Make sure that the contractor understands your demands as a customer while not stretching your budget much.

Elaborate home renovation plans are easier said than done. The decision-making, getting all the family members on the same page, cutting out a fitting budget, and then finally doing it is a long but exciting process. However, with clear goals and precise planning, you can get it done without a single worry.

By Shiv Nanda

Shiv Nanda is a financial analyst who currently lives in Bangalore (refusing to acknowledge the name change) and works with MoneyTap, India’s first app-based credit line. Shiv is a true finance geek, and his friends love that. They always rely on him for advice on their investment choices, budgeting skills, personal financial matters and when they want to get a loan. He has made it his life’s mission to help and educate people on various financial topics, so email him your questions at shiv@freopay.com

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