CREATING A TIMETABLE

Selecting a good general contractor to set up the process of what gets done first is very important. Keeping the project running smoothly takes experience and a great deal of time. Average home construction can take up to four months depending on size and specialty items inside. Weather, subcontractors and product availability can control the time frame.

SELECTING THE RIGHT CONTRACTOR

Most people when they think about doing a project they talk to friends and family and ask if they know of anybody to provide a service to them. Referrals are great if you get good ones. Then the homeowner should set up an appointment to tell the contractor what they're planning on doing. Feel the contractor out, get to know the person, see if there's trust, dependability, honesty and is qualified to do the job. Look them in the eyes (eye contact is very important). Getting bids on new construction for a home is a difficult process and can be very confusing, two bids is plenty. Keep the process easy and less stressful. The contractor must have years of experience in building or remodeling; this brings knowledge to the project. The contractor must address options, upgrades, new products and personal needs. Please call Charles Carpentry to set up an appointment for new construction, remodeling or your spacious addition needs.

BUILDING YOUR BUDGET

When considering building or remodeling, go to your local lending service. Set up an appointment to meet with a banker to see how much you can afford without putting yourself in jeopardy with month-to-month and everyday expenses. Most banks like to escrow (yes, taxes); this can increase the payment substantially. Banks do credit reports on your past history. Hopefully this is good. Each bank has different closing costs and percentage rates, 30-year being the most affordable. Check these areas on your credit report.

Although IRAs, mutual funds, stocks, etc. build your financial plan, your home is also a big part of your portfolio for retirement. So, keep up with your maintenance on your home or property. Updating, remodeling or additions for extra space will be a smart investment when you or your family decide to sell.