Renovating your home can be a daunting prospect, but if you have planned it well, it is a rewarding one that adds value to your property as well as enhancing your living space. Before you start, here are a few steps to take:

  1. Decide what your priorities are for this renovation project. A home office? Guest room? New bathroom? Think in terms of how you will use it.
  2. Determine a realistic budget and add ten percent for surprises like wiring that needs replacing. Do some research on average project cost.
  3. Don’t forget to find out how this will affect your homeowner’s insurance policy during construction and after completion. Keep your insurance agent in the loop and ask for advice!
  4. Hire a licensed professional contractor to plan every detail of your project and go over all those details, including building codes and needed permits.
  5. Make sure you know what your responsibilities are regarding codes and permits. Inspection rules change, and you don’t want to redo work to meet a new requirement.
  6. After your home renovation project is complete, talk to your insurance agent about a reappraisal.

Homeowners in Texas can rely on the Schwab Agency to help them with all their insurance needs. Contact us today for a quote.

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