Last updated on December 4, 2018
For many homeowners, the process of buying a home involves many emotional trade-offs. The desire for a beautiful new house with all the latest design features (spa, jaccuzzi, master bedroom with picture window and a fabulous view) may have to be weighed against the need for a home in a safe neighbourhood in a good school district. The reality may be that it’s more important to have a home in a great neighbourhood than to have a house with beautiful designer features. And so, the trade-off is made.
The great news, however, is that while a good school district is a non-negotiable asset, a less than a perfect home is actually something that can be changed and improved. Today many people are getting home equity loans from their house’s value, and this can be a smart way to pay for a home renovation. If the loan is acquired at a low-interest rate and the renovation is done on a smart budget, this can be a smart financial move. A good renovation can really add to the value of a house, so putting money back into a home is a win-win move on many levels.
Making a Renovation Happen
Yes, the thought of actually doing work on a home can be a bit daunting to those who don’t work in construction. The good news though is that there are many experienced, reliable general contractors out there who know how to put a great home renovation plan together, and then execute it well. The key is to connect with a good contractor who knows about everything from home window tinting to rebuilding bathrooms and master bedrooms. So, where can a great contractor be found? Looking online is the way to go.
In years past, finding a contractor meant getting referrals from friends and hoping someone might be available and reliable. Today, there are many websites dedicated to offering listings of local contractors, and these sites also have referrals and samples of completed projects for homeowners to review. This is a great way to find a good contractor, and once a good candidate is found, a free phone consultation can be arranged to discuss the project. From there, the real planning can begin.
No doubt, a home remodel is a big project, but done well, it can be a great way to finally make that dream home a reality!