Tips For Converting A Basement Into A Rentable Side-Hustle

 

Top Factors to Determine if Moving or Remodeling is a Better Option

 

Top Basement Design Trends

 

Planning a Remodel Amid Rising Prices. Is it Possible?

 Home Remodels Offer Viable Solution in Challenging Economy Says,

St Louis Park, United States Executive Remodeling/

With mortgage interest rates surging, many people feel they missed out on a prime opportunity to trade up to a bigger or more suitable house. The good news is that there is still an exciting and viable solution — home renovation. St. Louis Park, MN, general home contractor Executive Remodeling shares how to plan a home renovation even in a challenging economy. 

Renovations Remain Strong

Rising mortgage rates have priced many out of the home-buying market. However, this does not mean that homeowners are stuck with a home that does not meet their needs. Home additions and renovations provide homeowners with a vast opportunity to adapt their existing homes to meet their needs and manage costs. In fact, the Leading Indicator of Remodeling Activity (LIRA) published by the Joint Center for Housing Studies of Harvard University says, “While beginning to soften, growth in spending for home improvements and repairs is expected to remain well above the market’s historical average of 5 percent (in 2023).”

Top Reasons to Consider Remodeling

There are many relevant reasons to consider a home renovation today. Firstly, the available home stock has dwindled. With fewer homes being built and more homeowners opting to stay in their homes, homebuyers have far fewer choices in properties that meet their needs. Secondly, opting for a home renovation can be an opportunity to create a customized space for far less money than buying a new home. Thirdly, room addition or renovation project can help increase the home’s value and place the homeowner in a better position to sell later. Lastly, with the help of an expert home renovation company, remodeling can be done in stages which helps manage costs responsibly. 

Planning a Home Renovation or Remodeling Project

No matter the economic climate, a home renovation represents an excellent opportunity to manage costs while attaining a space that meets the homeowner’s needs. Here are expert tips for planning a home renovation project on a budget. 

Determine Goals

While the goal might be a completely renovated home, it is important to prioritize what the spaces and objectives are from most to least important. It may not be possible to accomplish them all at once, but with the right planning, they can all be achieved over time. By determining the priorities, experienced design-build firms can help develop a logical stepped process to address them.

Set a Budget

Before beginning, consider the budget. This might be a current budget and a projected budget for future planned renovations to complete the project. Most experts recommend setting aside 10% to 15% for unforeseen issues that commonly arise in building projects.

Work With an Expert Design-Build Firm

Working with a general contractor and a design-build firm offers many advantages to help homeowners expand or renovate their homes in the most economical way possible. Here’s how.

• Experts can help homeowners plan a phased renovation based on their budget and future budget projections. 
• Local experts can get materials at the best prices and pass savings on to the homeowner.
• Local general contractors have relationships with local building officials, which can help expedite the process and avoid costly delays.
• Remodeling contractors are on top of industry news, trends, and prices. This information is invaluable in planning projects and managing costs.
• Experts have extensive knowledge of material options and project alternatives to save money. 

Home Remodeling Company Minneapolis-St. Paul Can Count On

A home remodels project can be a money-saving option for meeting changing needs without relocating.  If you are looking for “general home contractors near me,” it is time to consider the St. Louis Park home addition experts. Executive Remodeling is a full-service home renovation company with nearly 20 years of dedication to the community. Connect with the team by calling (612) 230-1561 to schedule a free consultation.

Top Things to Consider for Room Additions

 Exetutive Remodeling Discusses Important Considerations in Room Additions

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As a full-service home remodeling company in St. Louis Park, Executive Remodeling has been helping customers achieve their home design dreams for nearly 20 years. The company’s commitment to upholding the highest standards in industry craft, customer service, quality materials, and design excellence has made it a top customer choice for major projects such as room additions. 

Room additions are a significant investment and need careful consideration, preplanning, and a qualified team to execute the project. Before beginning construction, consider these expert tips for successful room additions.

Identify the Purpose of the Space

There are many reasons for building room additions, but even if the reason seems clear, it is still important to consider what purpose the space would serve immediately and in the future. For example, the space may be needed for a baby now, but for a grandparent

apartment later. Keeping the full scope of the purpose of the space in mind can help prepare the space for those future needs and save on future costs and revisions. 

Understand Local Codes 

Building a room addition requires permits and conforming to local restrictions. If the right permits are not obtained, the homeowner may be required to remove or deconstruct the structure so that certain elements are visible for inspection. Before beginning, talk to a local home renovation company to verify who is responsible for obtaining permits and verifying local building restrictions. 

Set Your Budget

Know exactly how much you have to spend before you begin. Most experts recommend setting aside at least 15% of the budget for unplanned expenses. Nearly every project will have some unexpected elements that need to be handled, and these things can eat into the budget. 

Be Realistic About What You Can Do Within Budget

When considering a budget for a remodel, always remember that the cost of a project covers the materials, necessary permits, and the expertise and labor needed to complete the build. Keeping this in mind helps choose the materials, fixtures, and other elements essential for the project. 

Understand the Practicalities of a Room Addition

A room addition is exciting, but the process can also cause some inconvenience. Understand that the process is often dusty and noisy. So, it can be a problem if there are small children at home or anyone that needs to sleep during the day. There will also be many people that will need access to the space throughout the project, which means significantly decreased privacy for the duration of the build. While the inconveniences are real, they are only temporary and well worth tolerating to achieve the advantages a room addition provides. 

Work With Full-Service Room Addition Experts

Because of the many facets of a room addition project, there are many places for things to go wrong. That’s why it is so important to work with local design-build firms that have the experience you need and familiarity with local laws and codes. Working with local experts provides advantages that include:

• Having access to the best material prices
• Positive relationships with local building officials
• An easily researched and verifiable reputation
• Experience with similar projects
• Able to respond quickly to any problems
• Less time spent waiting and more time working
• A full-service team can provide all the services so the homeowners know  who is performing the work

Schedule a Free Consultation

A home renovation project needs careful planning and qualified support from expert general home contractors. Often, homeowners only have the goal of a room addition but do not know what that project entails or the average costs for such a project. Talking to a qualified professional can help answer questions and help avoid costly mistakes. Always schedule a free consultation to gather information and see if the contractor is a good fit for the project. 

A Home Addition Company Minneapolis-St. Paul Homeowners Trust

A room addition project is a big project and a significant investment, so it is important to trust local experts. If you are looking for “home addition companies near me,” it is time to consider the St. Louis Park home addition experts. Executive Remodeling is a full-service home renovation company with nearly 20 years dedicated to industry expertise. Connect with the team by calling (612) 230-1561 to schedule a free consultation.

Top Tips For A Stress-Free Home Remodel

 Executive Remodeling Offers Industry Tips for Saving Time, Money, and Stress During a Remodel

St Louis Park, United States Executive Remodeling/

It is pretty easy to see why home renovations are so popular. They can make a home more comfortable, attractive, and livable and increase property value. It is an exciting process, and it is very tempting to dive right in and start to execute. But, many great things can go awry without a plan or knowing what to expect realistically. Executive Remodeling shares tips for a successful home remodel. 

 

Identify Your Goals

Before any home renovation, one of the first things to do is to identify the goals. It may be to make better use of the existing space, upgrade features and update the home, make it more attractive to buyers, or adjust to changing needs. Identifying the specific goals is essential in directing the project and the budget. 

Set a Realistic Budget

Set the budget. Know exactly how much money is dedicated to the project before planning begins. Once the budget is determined, it is much easier to allocate funds toward the projects that matter most. 

Choose a Local Home Renovation Contractor

A major renovation is a big project requiring a skilled general contractor and home renovation company to help minimize any issues. The right team can provide options for achieving the set goals, help navigate any unforeseen problems, and get the job done on time and within budget. Work with a fully vetted local expert with demonstrated expertise in the kinds of work needed. 

Make Up Your Mind

Making changes during a home renovation project can be costly, so it is essential to plan well and stick to the plan. Even small changes can add up, especially when it involves changes to the architectural plans or materials. Changes also add to the timeline, which can cause additional homeowner frustrations. 

Expect the Unexpected

Set aside part of the budget for unforeseen issues. A home renovation can mean opening walls or flooring, which can uncover previously unknown problems with things like plumbing, wiring, or rot. The home structure is complex, and much of it is largely hidden. It is common to encounter issues that must be resolved before the process can continue. 

Be Realistic About the Timeline

While television shows make it appear that home renovations can be accomplished in a few days, this is not the case in real life. Home renovations often require permits, architectural drawings, ordering materials, and planning the trades schedule. Many things need to happen in phase one so that phase two can begin, and those things take time. Talk to the home renovation contractor about the timeline throughout the process. 

Practicalities of the Process

Many people forget to factor in the practicalities of the project before they begin. Working around and living in a structure during a home renovation is not an easy task. It can be dusty and noisy and leave many things inaccessible in the home for an extended time. It also involves a team of people that need access to the home throughout the process. Understanding this before the project begins can allow the homeowner to make alternative arrangements, such as moving to a short-term rental or living in a recreational vehicle on the property during the process. 

Schedule a Free Consultation

A home renovation project is an important process that needs careful planning and qualified support from expert general home contractors. Schedule a free consultation with prospective remodeling experts to see if their expertise aligns with the project vision.

 

 

Home Renovation Company in Minneapolis-St. Paul 

A home renovation project is a significant undertaking that necessitates careful planning and qualified assistance from experienced general home contractors. If you are looking for “home renovation companies near me,” it is time to consider the St. Louis Park home remodel experts. Executive Remodeling is a full-service company with nearly 20 years dedicated to industry expertise. Connect with the team by calling (612) 230-1561 to schedule a free consultation.