What to Look For in a Home Remodeling Contractor
Here are a few quick tips on how to find the best contractor when using equity to renovate or remodel your home.
Bottom Line Up Front
- Look for a contractor who specializes in the project you’re planning—like bathrooms, kitchens or patios.
- Ask for an estimate before you hire your contractor.
- Review your contractor’s online portfolio or ask for examples of their work.
Time to Read
4 minutes
May 22, 2023
Renovating your home can have major benefits, like making it more functional and suited to your style and tastes. A renovation can also increase your home’s value. Regardless of why you’re renovating, you want to be sure the project is done right. Hiring a professional remodeling contractor is the best way to ensure a successful outcome. Before you choose your contractor, do some research to find one that’s a good fit.
Getting answers to these questions is a great way to start.
Things to Look For in a Contractor
What’s Their Construction Specialty?
Not all contractors offer total-home construction services. Many will specialize in certain areas of the home, like kitchens, bathrooms or landscaping. Search for contractors that have previous experience renovating the area of the home you’re focusing on. For example, if you want to renovate the bathroom, you’ll need a contractor with plumbing experience. Also consider whether you need unique services for your renovation, such as specialty tiling.
Using Home Equity to Hire a Contractor
It’s especially important to choose a reliable contractor when you’re using a home equity loan or Home Equity Line of Credit (HELOC) to cover the costs of your renovation. A home equity loan or HELOC gives you access to the equity in your home, using your home as collateral.
Adding value through high-quality upgrades and renovations can increase your home’s value and build more equity.
Explore Your Options
Deciding to remodel your home is just the beginning. The next step is deciding how you’re going to pay for it. Check out Navy Federal’s Home Project Financing Center to learn more about financing options.
Disclosures
This content is intended to provide general information and shouldn't be considered legal, tax or financial advice. It's always a good idea to consult a tax or financial advisor for specific information on how certain laws apply to your situation and about your individual financial situation.