A large share of people who renovate their properties accomplish that to update, add value or prepare their residence for sale. Residence renovation is a fluid process. Whether you utilize a block of wood, a chunk of cardboard or a notebook, at all times have a pencil and something to put in writing on so you possibly can hold observe of the materials, tools and supplies you may must deliver the following day.\n\nContemplate factoring major life adjustments into your plan, which may embody an accessible walk-in shower or an open-plan family room sufficiently big to accommodate your future teenage children and their associates. Bear in mind to contemplate the impression on the resale value of your own home, too, even in case you have no plans to move.\n\nMake the final contractor your point particular person. In case you have a question about their work—or their habits—tell the final contractor and let him or her handle it. Stipulate in the contract that the final contractor will offer you lien releases (mainly proofs of fee) signed by the final contractor and subcontractor throughout the challenge.\n\nEnsure when accounting for mortgage + renovation loan to still get a loan at a value point your monthly finances can comfortably afford. As a first time buyer you don’t have any business buying a home that needs that much work. If I had to do it another time, I would most likely go this route, or have chosen a unique residence altogether.