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How to Make the Most of Your Home Remodel Budget

Contractor discussing renovations

There’s no guarantee that you will be able to recoup every dollar you spend on a home remodel project, but there are ways to maximize your return on investment. No matter your project, there are wiser ways to spend your remodeling dollars. For example, using low-end remodeling finishes in a high-end neighborhood may diminish your home’s value in the long run.

Hire professionals

Whether your project is major or minor, future buyers won’t pay for amateur workmanship. If you can’t provide professional quality remodeling work, you need to hire a professional. However, before contacting a professional, it’s a good idea to determine your ultimate remodeling goal. This will help you make any major decisions when it comes to design, materials, and budget. Even if you only have a rough idea of your goals, this will help your home designer better cater to your desires.

Plan a budget

After you define your project goals, you need to think about the scope of your remodel investment. This will help you understand whether or not you can actually accomplish these goals with your budget. It’s important to take this step before committing to financing a home remodeling project or hiring a contractor. To calculate your budget, decide how long you plan to stay in your home. If you will only be living in the house a few more years, then a smaller remodeling project may be more appropriate.

Ask specific questions

When you meet with a home remodeling company, ask specific questions about its insurance, bonding, permits and licenses. For example, find out what kind of insurance protects you if the workers are damaged or injured on the job. You should also verify any references, such as tips from recent customers and references that contracted similar projects.

Call (520) 355-4867 to schedule a home renovation project with McCaleb Construction. We have been Tucson’s premier remodeler for more than 30 years, earning SAHBA’s Remodeler of the Year recognition for 2002, 2004, 2007, 2011 and two in 2013. We were also selected as Tucson’s featured remodeler on PBS-TV’s This Old House.

 
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