After carefully weighing our options, my wife and I decided to remodel our three-bedroom, two-bathroom home.
Our sob story was similar to thousands of other homeowners out there. The home we purchased several years earlier was appraised for $15,000 less than what we paid for it.
After my wife gave birth to our third child, it was very clear — we needed more room. We were already in a tough spot because the 1950s-styled home we purchased from the original owners needed major upgrades throughout.
We considered moving on and even briefly investigated the possibility of a strategic foreclosure, but we decided our affection for the home and the surrounding neighborhood far outweighed any costs associated with remodeling.
As our contractors put on the the finishing touches on our remodeled and redesigned home, I thought I would share several websites and applications that helped us through this daunting, yet exciting process.
With the virtual idea book, we were able to save all of our ideas and go back to them with just a couple touches. It made figuring out what we wanted very easy. It also provided us with several leads on local architects and contractors who specialized in the layout and design we wanted.
To get an idea of what our yard and landscaping options we had, we downloaded this Apple application for $4.99. It gave my wife and I the ability to play with a few different ideas. When we finally decided on what we wanted we just handed our iPhone to our landscape architect said, “Here…we want this.”
Because all home constructions are different they are often called, “story loans.” Mortgage companies need to see your construction plans and look at your financial situation before they can offer your loan terms. We used Bankrate as a starting point to keep updated on interest rates. After comparing rates of several large-size banks, we called representatives from all of them and locked in the best deal for us on a $100,000 home construction loan.
We created a long of list of contractors and architects with a combination of referrals from friends and the suggestions we received from the Houzz application. We wanted to do our our due diligence — so we completed background checks on our referrals and used information from Angieslist to narrow down our list. After that we took several bids we ended up choosing our guy.