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InPark Magazine

Follow This Expert-Approved Checklist to Avoid Renovation Regrets

The article provides a comprehensive checklist for homeowners planning a renovation, emphasizing strategic planning to ensure projects are completed efficiently, on time, and within budget. It highlights that the beginning of the year is an opportune time for home projects, as it precedes the peak renovating season and offers ample opportunity for inspiration from emerging design trends. The first crucial step is to create a wish list, distinguishing between essential needs and desirable features. Jean Brownhill, founder of Sweeten, a platform connecting homeowners with contractors, advises identifying definite requirements first, then listing 'nice-to-haves' that one might be willing to forgo. This approach allows homeowners to prioritize and make informed decisions once bids are received, as costs for various elements can vary significantly. Lacey Soslow, cofounder of Matriarchy Build, notes that the bidding process itself is educational, revealing the true expenses of different components. Batching work is another key recommendation for efficiency. The article suggests undertaking related projects simultaneously, such as electrical outlet changes and hardwood floor installations, to minimize disruption and optimize professional visits. This integrated approach can also make energy efficiency upgrades more sensible, especially with existing tax incentives like those from the 2022 Inflation Reduction Act. Thorough research into average costs is advised, though homeowners should be aware of regional and material-dependent price fluctuations. For instance, subway tile is noted as significantly less expensive than natural stone, impacting both material and labor costs. Soslow points out the price disparity between newer teams and established builders. The aim of research is to establish a realistic cost range, with design professionals providing more precise figures. Budget creation involves listing every item subject to change, down to minor details like cabinet hinges and dimmer switches, and assigning a guesstimate cost to each. Crucially, a cash reserve of 10-15% for non-gut remodels and over 15% for gut remodels is recommended by Brownhill to cover unforeseen expenses. Understanding professional fees is essential. General contractors (GCs) and architects typically charge a percentage of the overall project cost (10-20% for GCs, 8-20% for architects). Interior designers use varied structures, often a flat fee combined with a markup on sourced items, or an hourly rate plus a markup for smaller tasks. The article also discusses the potential for DIY work to save money, cautioning that plumbing, electrical, framing, and permit-requiring tasks should always be outsourced. Organization is paramount. Construction consultant Kate Smith advises setting up an inventory spreadsheet before engaging a GC and maintaining a dedicated email address for the project. All communications, including bids and changes, should be documented in writing to avoid misunderstandings. Hiring the right team, including licensed GCs and architects for structural changes, is crucial. Word-of-mouth referrals are highly valued, and checking past projects or speaking with previous clients is recommended. The decision to hire an interior designer depends on individual needs and time constraints. Finally, homeowners should assess the level of disruption renovations will cause. Construction is often messy and can impede daily life. Renting alternative accommodation or staying with family is suggested if possible. While interior work can be done year-round, summer is noted as ideal due to more relaxed schedules. The article concludes by encouraging homeowners to weigh the value of creating a comfortable home against financial returns, as most upgrades do not fully recoup their cost upon resale, though refinishing and installing new hardwood floors offer high returns. #HomeRenovation #RemodelingChecklist #BudgetPlanning #ContractorTips #InteriorDesign #HomeImprovement #ProjectManagement #HomeRenovation #RemodelingChecklist #BudgetPlanning #ContractorTips #InteriorDesign #HomeImprovement #ProjectManagement
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