According to Daily Record, the remodeling industry is expected to continue growing by 2% annually through 2025. More and more people are considering remodeling their homes to increase value and improve functionality. If you're planning to remodel your home, here are three things you may need to think about before you begin the process.

1. Budget

One very important component of home remodeling is budget. You first need to figure out the scope of your project and see if your budget can accommodate it. The best way to figure out how much you're going to spend is to get quotes from remodeling contractors. If your budget can't cover everything you'd like to do, then you may have to prioritize and leave some less important aspects of your remodeling project out. For most remodeling projects, around 50% of your budget covers material costs, 30% goes to labor, and 20% covers taxes, according to Building Advisor.

2. Timeframe

Before you commence your renovation project, you must figure out the list of tasks that the remodeling contractors need to complete. A home remodeling project involves long working hours and many moving parts, so it's important to ensure you're communicating well with the team completing your remodel. You can end up forgetting some of the things that need to be done if you lack clear communication and a precise schedule.

3. Permits

Before you make any changes to your home, you need to make sure that everything you're planning to do is checked and assessed by a professional. There are certain types of upgrades that you can't do without first getting city government permits. If you're planning to sell your home at some point, you must know that buyers will first check if your building complies with building codes and regulations.

The only changes you can make without a permit are simple interior cosmetic upgrades. For instance, you can paint your home without getting a permit. However, if the work you want to do involves changing the plan of your home, you'll need to ensure it follows the codes, standards, and requirements for construction. Remodeling contractors will be able to help you obtain the required permits.

These are some of the things you need to consider before you remodel your home. If you need help with your remodeling project, get in touch with Lundy Construction Co Inc today!