According to Mark Roemer Oakland, when renovating a home, you’re always short on time and money. Moreover, homeowners often end up paying more than they initially planned for due to various factors. Let’s figure out how making a list when renovating can save you time and money.
1. List out all the steps of the project plan –
While developing a project plan for the renovation, list your goals. A detailed project plan list should include things like design inspiration, an outline of the work, sketches or blueprints of the finished project, a comparative chart of needs and wants, and more such information. Most important of all, the list should be divided into DIY steps and steps that require the expertise of professionals.
While listing out those steps, you may come across many hurdles. From zoning regulations to permits and other such hassles. Listing helps you foresee these hassles and provides you with a concrete plan. That way you don’t need to incur additional costs due to forced changes in the middle of the project and don’t waste time on those corrections.
2. Listing things helps to compare prices –
There are several factors that affect the cost of the renovation project. From building materials and type of work to the size of the room and the scale of the project. Listing to all these factors helps you to compare prices and choose the best options that deliver the highest quality within your budget. For instance, if you list down all the building materials you need for a project and window shop for them across different online and offline retailers, you’ll be able to make a more informed choice.
This isn’t just limited to objective comparisons like the cost of building materials. This type of listing and comparative analysis can also help you determine the best option while choosing contractors. For instance, you can break down the quote from a contractor and list its components. Do the same with the quotes from all the contractors and compare the things that are missing in one or the other. For instance, if a contractor gives you a very competitive low quote, this kind of analysis may help you figure out that the contractor isn’t insured and doesn’t have regular workers.
3. List out all options for financing –
Cash is the best way to go for renovation projects. However, if you don’t have enough money in the bank to fund a necessary renovation project, making a list of all your financing options can save you a lot of trouble, time, and debt. From a home equity loan and line of credit to a mortgage on other types of fixed assets, list down all the options you have.
Mark Roemer Oakland suggests that you always make lists and plan out everything before going ahead with a home renovation project. Home renovation projects are quite an expense and the more time you waste during the project the cost increases proportionately. Listing things helps to cut down on both cost and time.