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What positive things do I look for in a remodeling company? What negative things should I look out for when selecting a remodeling company? Do I want a contractor that will only work with the required building permits and according to the current building codes and regulations? Why do I hear so many horror stories about remodeling? Should I have a budget before I call a contractor and should I tell him what investment I am comfortable with? How do I finance my project? What type of contract should I expect from my contractor? Why should I consider selecting a more recognizable company like D&D and not the lowest price? Should I remodel or should I sell? How concerned should I be about dust and dirt during the remodeling process? How do I go about selecting fixtures, appliances, cabinets and the like? Is our project manager on site every day? Why is remodeling expensive when compared to new construction, for example?
How do I finance my project?
There are, naturally, several methods to choose from in financing your remodeling work. When interest rates are favorable, one of the most popular avenues is to acquire a construction loan based on the appraised value of the remodeled home and then refinance the existing mortgage and the loan into a new mortgage at the prevailing rate. Smaller and moderate projects can be financed from savings, home equity lines, home improvement loans, selling your Microsoft stock, or a combination of the above. Many own properties with significant equity, which can be used as a sound basis for project financing.