Residence renovations embody basic repairs as well as remodeling tasks, which are often assigned to professionals who are master at their tasks. As an example, if you’re planning a small fix-up or improvement, corresponding to $5,000 to $10,000 price of paint, carpeting and appliances, it could be clever to use a premium credit card for the initial function to accumulate travel or merchandise points.\n\nYou don’t need a degree in Keynesian economics to spot the problem: Demand for residence renovation work is swiftly outpacing the provision of qualified professionals. It’s gotten to the point that I’ve had to tell purchasers that it may be a number of months before I can take them on,” says LuAnn Fabian , a basic contractor primarily based in Hermosa Seaside, Calif.\n\nNine out of 10 basic contractors in our survey say they provide a written guarantee for their work, so insist on one in the contract. I at all times tell my purchasers to bump up their estimates of time and money by 20 p.c,” says Bruce Irving , a renovation marketing consultant primarily based in Cambridge, Mass.\n\nAlso- as a result of the renovation loan is lumped together with the mortgage, it is a number of the lowest interest rate money you may get for residence repairs. Because of all the paperwork and communication about fee and inspection dates involved, you must start and end the challenge with the same contractor.\n\nKitchen Remodeling: Every dream residence has a “dream” kitchen to associate with it. You possibly can turn any average kitchen into point of interest by making major or minor renovations. Many kitchen renovations embody upgrading to granite countertops or adding an island.