For those who don’t know, home renovation is booming this year. According to reports, there has been a 57% yearly increase in project leads for contractors.
Of course, there is a reason for this. Home renovation can help improve the value of your property. In addition to that, it is an excellent way to build the house that you want without having to move.
Unfortunately, it can be difficult to know where to start when you want to add another room to your house. This is where we can help.
Aside from hiring architecture firms in Orange County, here are several other things to consider:
Work with an Architect
Particular contractors can work from stock building plans or design your room addition. However, it might be a lot better if you work with a professional architect.
Typically, a general contractor will suggest an architect. This guarantees both parties know each other. Still, it is better to ensure that you do your research on the possible option. They have to be professional, not only an acquaintance of the contractor.
Pick a General Contractor
If you want to make your life a lot easier, then consider working with a general contractor. All of them have a crew that can do all of the tasks. If not, they will have the resources to hire subcontractors. They can hire them for particular jobs, such as plumbing, HVAC work, and wiring.
You should not rush this process. Don’t immediately hire the first contractor you find. Keep in mind that you’ll spend a lot of money on this project. Thus, you’ve got to look for an excellent contractor that can ensure quality workmanship.
You can ask your friends or relatives for recommendations. If they don’t have anyone to recommend, look around your neighborhood to see if there are any recent renovations and ask them.
This is perhaps the most important factor you need to consider. As you find potential contractors, talk about the general design concerns, how to save money, the scale of your project, and the timeframe.
You should not be scared to ask questions. This will help you be informed before you make a decision.
Prepare Your Money
If you are like most homeowners, you probably cannot afford to do a renovation project in cash. You will have to secure funding from a line of credit or loan.
You can apply for a new line of credit, get home equity, or take out a second mortgage. Be ready to see a couple of lenders reject your request. This is particularly true if you still owe more than 80% of your home’s assessed value.
Determine the Scope of the Project
Another thing to consider is the scope of the project. If you want your project to be successful, you will have to invest a lot of time in research and planning. You’ll need to know the scale and size of the project.
Home additions are almost the same as constructing your home. It needs hiring contractors, applying for permits, budgeting, and designing.