Before you start on your home renovation project, it’s important to check local rules and regulations. Do you have to get permits for additions or a new floor? Are there historic building regulations? Local guidelines vary from city to city and some of them regulate the paint color, window type, and more. Before you begin, you should identify what aspects of the renovation project need permits and what you can safely do yourself without them. Listed below are some of the most important rules you’ll need to follow.
Determine the timeline for the renovation project. Some mortgage lenders offer staged payments for home renovation projects. Make sure to determine what you can afford at each stage. Detailed timelines are necessary to provide lenders with information on the progress of your renovation project. This budget should also include the cost of materials and labor. If possible, create a budget before you begin to renovate. If you’re considering a renovation, it’s important to know how much you can afford before you begin.
Budget your project. Budgets for home renovation projects can be very different from one another. Better Homes and Gardens recommend budgeting ten to twenty percent more than you plan to spend. A Zillow report on the average cost of home renovation projects will help you stay within your budget. If you don’t plan to move the toilet, it can cost you thousands more. A plan to move the toilet may be more affordable than a completely new floor.