Whether you’re upgrading your kitchen, remodeling your bathroom, or improving your home’s value, it’s a good idea to do your research. Your project should be documented in a professional plan by an architect or engineer. It should specify virtually every detail of the project.
You can find out how much it will cost to remodel your home by going to your local building codes office. It’s also a good idea to get a few quotes from contractors. Make sure to ask about their insurance and references.
If you’re a DIYer, you’ll want to keep in mind that inflation is taking its toll on home remodeling. This is especially true for older homes. That means you’ll want to spend more on maintenance.
Some experts believe that spending on home improvements will pick up in the coming years. A survey from Zillow found that 72% of homeowners have a home improvement project on their to-do list in 2022. Those projects could include putting in new flooring, adding a new window, or painting.
Home improvement stores are a great place to find everything you need. You can purchase affordable products that will keep your home looking new. They also offer quality products for remodeling projects.
Home improvement projects are considered capital improvements, and can be tax exempt if you file your paperwork with the Department of Taxation and Finance. However, the material costs are not tax-exempt.
It’s best to get a written contract before hiring a contractor. It should include a payment schedule. Depending on your project, you may want to pay an initial down payment and then make incremental payments until the work is completed.