Twin Cities Real Estate

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Wednesday, October 11, 2006

HOME IMPROVEMENTS


So many updates and limited dollars to do them - does this sound familiar?

Prioritize
The first step in maintaining sanity and a budget with home improvements is to take a deep breath and have a drink - red wine, warm milk, a beer, ... it doesn't matter. Just take a step back and relax.
1. Make a list of ALL the improvements on your wish list -- landscaping, painting, wire the family room for speakers, update the kitchen, etc.
2. Separate the list into two sections
- those you can tackle yourself
- projects requiring professional assistance
3. Estimate time requirements and cost for each project -- get assistance if necessary and be realistic!!! It doesn't do you any good to be optimistic and underestimate cost or times.
4. Prioritize. Which projects do you want/need to attack first?
5. Plan. Come up with a timeline for each project on your list or cross them off.

Your First Project
Review your time and cost estimates to ensure they are still accurate.

Hiring contractors
- ask for recommendations from friends and family
- interview contractors and check the Better Business Bureau

Performing the project yourself
- check with your city for required permits. City inspectors will help by ensuring your project meets code
- make a list of major steps and major items to purchase (i.e., ordering countertops)
- many lumberyards or big box home improvement centers have design staff on hand to assist with planning and product selection. Use caution and beware of budget creep... your eyes may be wowed by some of the super-wham-o-dyne products available to dress-up any project.

Plan, plan, plan
- use a conservative estimate for how long you think the project will take
- watch the details. The details may be only 3% of the project but will likely take the most time, attention and cause the most stress

Relax, don't be afraid to ask questions and don't be afraid to make mistakes. Enjoy the process and enjoy the final product!

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