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Renovation: Things to Know Before You Start

Filed under: Budgeting & Planning, Family Finances, House & Home, Your Home

renovationsI'm told (and I can vaguely remember) that once upon a time, not long ago (maybe 15-20 years or so), there weren't nearly as many options for would-be home renovators that there are today. The big box stores weren't as numerous. When people renovated, oftentimes they picked their options from a much smaller list of materials, usually based on a few pictures, in the comfort of their own living rooms.

"At that time you could renovate a bathroom and 10 years later it would still look brand new. Now you look at something and you know exactly what year it was done. Every year there's a new fashion," says Reiner Hoyer, president his consulting business, The Reno Coach. "That's how the whole industry changed. There were way fewer contractors in the business. It was a small industry compared to the way it is now."

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