www.remodelormove.com’s A SMART remodel approach to remodeling allows homeowners to embark on a remodeling project and achieve results that are not only less expensive, but that are of much higher quality than many people typically find at the conclusion of a renovation project. A SMART remodel always keeps the total cost of the project in view.

Finding the Right Contractor

Contract Checklist

Finding the Right Contractor
Contract Checklist

Contract Checklist

RemodelOrMove.com: 101 Ways to Save Money When by by Dan Fritschen and learn the prices of items

  • A complete plan
  • Safety first
  • Move instead of remodel
  • A contractor interview plan
  • Right sized
  • Total cost

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You need to carefully analyze your finances and all costs associated with your remodel to understand the total cost of the remodeling project. The final costs will involve more than the money you pay to a contractor. It is important that you analyze your finances, as well as the total cost of the project, so you can make informed and smart decisions about costs and how you will pay for the project.

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Some of the costs that contribute to the total cost are often overlooked by homeowners, especially when they are calculating a comparison of the cost to remodel and the cost to move to a new home. It is always helpful to use the calculator at www.remodelormove.com.

Some of the costs frequently overlooked in remodeling are:

§ Planning and design costs – the cost of visiting stores and home improvement centers to get ideas

§ Cost differences when fixtures, fittings, appliances are upgraded from basic models.

§ Cost differences when decisions are made to use higher-grade materials

§ Cost of money used – how much interest are you losing when you take money from your savings to pay for your remodel

§ Cost of money borrowed – how much will you pay in loan origination fees, interest and other fees on money borrowed to pay for a remodel

§ Money saved over a one-year period through energy savings and water conservation compared to any additional cost of energy-efficient items

§ Cost of changes once work begins – all changes from the original plan will carry some additional cost. Discovering problems in the existing structure that must be repaired before work can proceed, discovering flaws in the design or the planning, and changing your mind about what you want, all result in additional costs

§ Time lost from work – what is the value of your time? Did you take leave without pay to do work for your remodel? Did you sacrifice vacation and family time to do work on your remodel and what is that cost?

§ Tax increases – you remodel will result in home improvements. These will increase the value of your home, and your real estate taxes.

§ Costs for extra insurance during the remodel, additional insurance for the improved or enlarged home, any bond costs

§ Overtime costs incurred during the project that were not part of the plan

§ Cost of damages to property, landscaping, etc. during construction

§ Unanticipated fees or fines

A surprising number of small costs can add up quickly. A number of costs associated with a remodel are often not included in the homeowner’s understanding of the total cost. Using a planner/organizer like the one available through www.remodelormove.com can help you anticipate, plan for and assess the total cost of a remodeling project.

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Knowing the total cost is a vital part of A SMART remodel. As you plan your remodel, keep in mind all six basic steps in A SMART remodel:

Keeping your project A SMART remodel will result in a finished project that meets the needs of your family and is both efficient and economical.

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How to find a contractor

Organizing your remodel project for success