Remodeling Myth #4 - Financing

by John Sperath 30. November 2012 14:50

Finance first - design a project then hire a contractor

Financial pre-approval for a remodeling project is a common practice that often creates a compromised project.

A pre-approved budget creates a project that fits the dollar amount rather than a project that fits you, your needs, wants and desires.  Don’t let the banker plan your remodel.

It is wiser to plan the project first, learn its estimated price, determine your financing limits and then re-work the master plan to fit the actual budget.  A modified version of the ultimate project is superior to a generic project that satisfied your pre-approved budget but doesn’t satisfy your true construction goal.

 

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The Remodelers Council of the HBA of Raleigh-Wake County is a group of professionals serving the remodeling sector of the construction industry. We are members of the Home Builders Association of Raleigh-Wake County and the National Association of Home Builders Remodelers Council.

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