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Lavish Love On Your Home

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Smart renovations require careful planning to achieve best return on investment.

Whether you’re in the market to buy a fixer-upper or just want to make your current home more beautiful, a renovation will improve not only the functionality of your home but also increase its value.

Any kind of improvement, from a new front door to a kitchen remodel, can be a huge undertaking and it requires careful planning. Prioritizing your renovations will help you reach those long-term goals.

If you want to elevate the aesthetic appeal of your home, for example, consider a landscaping project or possibly redecorating and refurbishing a favorite room. Here, in Florida, many homeowners choose to upgrade their home from natural disasters and install exterior improvements such as hurricane-proof garage doors or windows.

Where to Begin
We’ve all looked through those glossy home and garden magazines, websites and social media platforms to get some inspiration. Keep those pages and images and build a mood board to find the best way forward for your plans. You can also use them to convey exactly what you want to achieve with your building contractor or designer. With a clear idea of what you want, their experience can help you make informed decisions.

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Know your Budget
Renovations can become a very expensive venture so sticking to your budget is vital to avoid overspending. Build in an extra amount for any contingencies that may emerge along the way. Refinancing is a popular choice for renovations and there are many mortgage products out there that can help. Explore your options by talking to your bank or your existing lender.

Choose your Contractor or Designer
Finding the right company or designer is critical, so take time to do research. Personal recommendations from friends or acquaintances are a good place to start. Check online for examples of completed renovations and any reviews of what the contractor is like to work with. It’s also prudent to check they have the proper licensing and liability insurance.

Select, interview and get quotes. This can tie down your project costs and which contractor you consider has the best understanding of your goals. Importantly, draw up an agreement and have it notarized.

Develop Your Project
Your contractor will help you create a timeline for your project and should build in extra time for any unexpected delays. A realistic timeline will help keep the project on track and ensure that everyone is on-board with the expected completion date. Communicate regularly with your contractor to make sure all building permits are in place.

Start Your Project
Communication at this stage is vital. Make sure you are kept in the loop to ensure everything is going to plan. It doesn’t matter how meticulous you think you and your contractor’s plans are; unexpected issues can arise. When this happens, stay flexible and work together to find a solution.

Once the project has been completed, conduct a final inspection and make sure any issues are addressed before approving and making payment.

Sources: fhba.com; bankrate.com; nmls.com

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