Look at the contractors’ projects, then ask for references and call contractors’ former customers. Politely ask how the contractors did at executing the projects. Were they on time and on budget? Were the customers pleased with the outcome? Was there anything that could have been done differently?
Home renovation budgeting is one of the most important aspects of home ownership. In my parents’ case, they knew how much they could afford and communicated that with the contractor. Today, I would definitely give them more education on the proper way to budget for a renovation.
Deciding whether you should renovate your current home or buy a new house isn’t easy. There are some things you just aren’t going to be able to change about your current house such as, the school district or the lot size or house size. In that case, it may be time to pack up and move.