Refurbishment basically involves removing an existing (usually old) feature and replacing it with a new one. Homeowners renovate for two main reasons: to add value to their homes and to improve their personal standards.

To ensure that these ends are achieved, it is necessary to develop an action plan. You must first find out what type of renovation is required for your home and this will help you create a financial plan. At this point, you must strike a balance between your dreams and reality in order to plan within your financial means.

You should take into account your savings and assets, household income and expenses, current mortgage loan (if applicable), as well as other liabilities, such as car payments. These will determine the type of renewal that is within your financial reach.

Most homeowners agree that the kitchen and bathroom are the two most important features of their real estate property. The kitchen is the room in your house that has the most value and, in fact, it is the first to attract potential buyers. Ironically, kitchens and bathrooms are often outdated and in dire need of an expensive renovation.

The latest trends in kitchen and bathroom design include large tile or hardwood floors in neutral colors, marble or concrete countertops, as well as stainless steel appliances. Large granite tiles are especially popular for tile floors, baths, and showers.

Focusing on the most damaged areas, like countertops, can create a dramatic impact in your home without putting a dent in your wallet. Polished concrete can also be a great option, as it resembles marble and is much cheaper. Reglazing bathtubs or showers is also an ideal economical alternative.

Although some people attempt renovation projects on their own (to cut costs), hiring an expert will save you time and money in the long run. It will also ensure that you get proper service and high-quality results.

Do your research before hiring a renovator. Ask your friends and other homeowners for recommendations. Drive around your neighborhood to see who is renovating and ask them about their renovation experiences.

Once you get the names of several renovators, interview them. Be sure to mention all the items that are important to you and ask them to provide you with a detailed proposal and budget. Most professional renovators will provide a full service that includes their in-house or associate designers or architects.