While there are things that you love about your home in Georgian Bay, there may also be things that you would love to change. For example, the kitchen and bathrooms may be outdated, and you may prefer to create a more open floorplan. Regardless of whether you want to see these or other changes in your home, the thought of renovating may have crossed your mind on many occasions. The only things standing in your way may be related to the cost of a renovation and the length of time that it would take to see impressive results. If you are ready to get serious about your plans and learn more about what it takes to renovate your home, Alair Homes Georgian Bay can provide you with the information that you need to finalize your decision.
Finding Funds to Renovate
If you are like many homeowners in Georgian Bay, the primary reason why you have not moved forward with this type of project up until now may have been a lack of funds. However, you do not need to pull money out of your bank account in order to pay for the home renovations that you desire. If you have owned your home for a few years, chances are that you have a solid amount of equity in the home that you can pull out. Contacting a local mortgage representative to learn about your options for a cash-out refinance home loan, a HELOC or a home equity loan can give you more information about the funding available for your renovation project.
Learning More About Cost and Timing
After you speak with a lending representative, you may be thrilled to find that you have access to a healthy budget. However, you may be wondering if that is enough money to complete the project that you have in mind. In order to get accurate information about costs and timing, you need to decide what type of work you want to complete and what materials you want to use. You can then request a few written estimates from reputable home contractors. As you compare the options, focus primarily on the reputation of the contractors and their workmanship before narrowing down the options by price.
Reviewing the Quotes
With a few written estimates in hand, you may be wondering if the timing and cost estimates that you received are reasonable and competitive. This is a common concern, and learning more about what it may cost to renovate a typical home is a great way to make a solid comparison. Installing a spa-like master bathroom could take as long as three weeks and cost approximately $26,000. A smaller bathroom with less refined materials may cost $10,000 or less to renovate. The cost of a kitchen project can also vary dramatically. A smaller kitchen project with moderate materials may cost $25,000, and a more upscale project may cost more then $50,000.
Moving out of your Georgian Bay home is one way to improve your living situation, but it may not be ideal. Renovating your space gives you a wonderful way to make the space more functional and attractive. If you are ready to explore ideas for your home renovation project and to receive an estimate, contact Alair Homes Georgian Bay today.