Park Ridge Remodeling Company

Before you hire a Park Ridge remodeling contractor, establish a preliminary budget and determine the total amount that you want to spend. Even the best-laid budgets can go bust. Chances are, your remodeling project will cost more than you expect. Before you set your heart on high-end ceramic tile, find out how much you have to spend and make sure you have a cushion against cost overruns. For must-have items that could wipe out your savings account, explore home improvement loans and other financing options.

Set aside at least 20% of this amount as a contingency fund. Subtract amounts required to pay permits, taxes and other regulatory costs. If you are hiring an architect or designer, set aside at least 5 to 12 percent of the budget to cover those costs.  The remainder can be spent on actual construction.

The pro you need depends on your project. If you're building a new house, spend the extra 10 to 15 percent for an architect, you'll recoup your investment, because architects tend to design homes with better resale value. For a renovation or add-on, look for a general contractor who can draw up plans and call in electricians, plumbers, and other specialists. A good Park Ridge remodeling contractor interprets what the homeowner wants and makes sure it meets building codes—without blowing the budget.

When remodeling your Park Ridge home, you may wish to obtain financing for the project through a personal loan, a home-equity loan, a credit union, an insurance policy, a bank, or a savings and loan. It is important for you to investigate different sources of funding to compare the amount, interest rate, terms, and tax considerations. If you cannot pay for a project without a loan, it is a good idea to add a clause to your contract stating that it is valid only if you obtain financing at a particular rate.



If you are looking for an expert Park Ridge remodeling company, please call us today at 708.557.1078 or complete our online request form.

Illinois Remodeling Company

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