It’s only 4 easy steps…. Easier said than done, right? We know the baby stages of planning for your remodel can be overwhelming and can turn off any go-getter who desires to make a needed change to their home.
When you partner with design professionals who are seasoned in the business, such as Dave and Steve Knoll of Distinct Construction, your burdens are made light. The Knoll brothers work together with each client to manage all details and big picture ideas. With over 60 years of combined experience in all phases of residential construction, Distinct Construction is Northern Kentucky’s premier option for a personable design experience and reliable construction.
Follow these 4 simple steps to start putting your project together:
- Guesstimate: Do some fact-informed guessing about the ballpark cost of your remodeling project dreams. It’s helpful to have dimensions and square footage accurate so that estimates can be as precise as possible. In the contracting world, you can easily glean ballpark square footage costs depending on which type of space you are renovating. Use the internet to your advantage to do some baseline research!
- Your Money: Once you’ve gathered some base numbers, possibly ruled out some far-fetched dreams, and focused on the most realistic version of your project, you need to determine how much you are willing to spend, and where the money is coming from. This is the stage where you need to start talking to loan officers, financial planners, or double checking your cash flow.
Many prefer to finance a home improvement through a HELOC, a home equity line of credit. A HELOC is a loan that’s secured against your home’s equity, generally providing a lower interest rate. They come with a check-book that you use to withdraw the loaned money, up to the maximum amount of the loan. The kicker that can get you stuck in a bucket of debt is an inability to pay back more than just the minimum payment per month. A great way to manage a HELOC loan is to establish your own repayment schedule… for a five year pay down, you would pay 1/60th of the principal each month, for a ten year pay down, you would pay 1/120th of the principal each month. If you can’t afford either of those basic plans, it’s time to reconsider your maximum spending limit.
- Get Quotes: Once financing is in place, it’s time to partner with a trusted contracting company, such as Distinct Construction, to give you an official quote for the desired work. Ask to see their recent work, check references, and look at all reviews left on search engine sites.
- Time to trim down: When you meet with contractors, it’s likely that you will need to trim down your dreams, or find lower cost material options…that is, unless you have an endless supply of money to finance your dreams. This process doesn’t have to squash your spirit, an experienced contractor will be able to provide options that are within your design aesthetic and fit your budget. It may mean trimming a few square feet off an addition, keeping older items that are still in working condition, or completing the project in stages (structural now, cosmetic work later)
If you are ready to take the next step in your home renovation project, especially a kitchen, bathroom, or a basement, it’s time to contact Dave and Steve Knoll at Distinct Construction. They will help guide you through these 4 beginning steps, and all the steps that follow!