home equity

6 tips for the best home remodeling project

Stay on track by avoiding costly missteps
Stay on track by avoiding costly missteps| ljupchophoto/Getty Images

Stay on track by avoiding costly missteps

What's the best way to keep your renovation on track? Grono offers these tips to avoid costly missteps:

  • Plan big, start small. "Think about your whole house as a system," he says. "That way, you won't spend half of your budget on the bathroom when you have other projects to do."
  • Start with a home inspection. If you know you need to update or replace worn or outdated plumbing or electrical systems, you can work those costs into your budget.
  • Let your contractor purchase your materials. They'll get a better price than you will, even with their markup.
  • Relocate if you can during construction: "Remodeling is a big inconvenience in your life," he says. "It's dirty and there are people in your house all the time who are going to wear on you."
  • Don't overdo it: "The cold hard fact about remodeling is, the less you do, the better, because you'll never realize a 100 percent return," he says. "This has to be something that makes you happy and gives you value because the monetary value is never there."

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