Home renovation is a big undertaking, and there are many things you should know before you begin. Aside from the actual work, you should also be prepared to invest time and money. The average cost of a home renovation in Canada is $11,000 to $15,000. For a similar renovation in the United States, the costs are about three to four times as high. Luckily, there are several things you can do to save money while still making your home a nice place to live.

Hiring a professional is a good idea, especially if you are unsure of what to expect. A licensed general contractor will know the ins and outs of the building process, as well as how to obtain the permits you need to build. They also have access to better construction loans, and can ensure the project is done right. Plus, they will be able to give you peace of mind by ensuring your renovation is done in a timely fashion.

Architects can be useful if you aren’t sure of the best way to design your new space. Some architects will offer architectural drawings to help your project get through permitting. Others will provide design expertise for the materials you choose, and can help you with the layout of your space. Having an architect on board can help you manage your expectations, as well as explain building codes and other requirements.

While hiring a professional can be expensive, it can also save you a ton of headaches and time. Not only will a professional be able to help you avoid a costly mistake, they will also be able to recommend the best subcontractors to use.

Lastly, you may want to consider hiring a mediator to resolve any disputes you might encounter with your contractor. This can help you settle a disagreement before it becomes a full-blown lawsuit. There are many law schools that offer volunteer mediation services, as well as the New York Peace Institute.

To be on the safe side, you should find a contractor that is insured and bonded. If you don’t, you could end up nullifying your homeowner’s insurance policy. You should also make sure your contractor has enough cash in the bank to pay subcontractors. Keeping an escrow account is another good idea. Investing in your home’s renovation is a huge investment, and you don’t want to lose it.

Whether you plan to do it yourself or hire a professional, a home renovation can be a daunting undertaking. Before you start, you should make sure you have a clear list of everything you need to change. It is also a good idea to ask your contractor about how much money they charge for their services. Make sure you ask about other services they offer.

Another thing to look for is a standard contract, which should describe all the details of your renovation. In addition to this, it is also a good idea to have your contractor put any advance payments into an escrow account.