Sign Up Today to Receive Our Newsletter!

Please note our privacy policies.

Please wait...

Thank you for signing up! We strive to deliver great content to you. -The Walkner Condon Team

Why Right Now Is the Best Time to Plan for 2018 Home Projects

Why Right Now Is the Best Time to Plan for 2018 Home Projects

Oct 11, 2017 | Blog

As we wind down 2017 we have noticed that, due to our interest rate environment as well as the hot housing market in the Dane County area, more and more of our clients are looking at completing significant home projects. Whether it be a kitchen remodel or landscaping work, contractors are scheduling their projects. The time to start planning is now.

Working out a significant project takes time and the proper steps must be taken to ensure that you are getting a reasonable price for quality work. Getting multiple quotes is essential to making sure that you are receiving good value. As more projects are added to a contractor’s schedule you will run the risk that the prices will go up due to supply and demand factors. You should expect that quality contractors may already be well scheduled for 2018.

The good news: due to sites such as Nextdoor, Thumbtack, or Angie’s List, finding a trusted professional with reviews is easier than ever. You can easily gather information on your contractor and assure that they have positive reviews about the work done. Address with them directly any prior concerns that people have raised so it won’t be a surprise to either party.

As quotes are received the budget will come more into focus. As always, it is wise to make your financial advisor aware of your intentions. They can help you plan out whether to take on debt through a home equity line of credit, a refinance of a first mortgage, or a cash out of some assets. When decisions are made to free up assets from investments, it is essential to let your advisor know since the timeframe for this money may have changed significantly. You don’t want your investments to go through a downturn right before you use them. You will also want to consider how liquidation will impact your taxes should you have significant gains.

Please let us know if you have any questions for us on how to plan out a significant home project. Being mindful of this process can help save you money and reduce stress. We’re here to help.

Walkner Condon Financial Advisors is a registered investment advisor with the SEC and the opinions expressed by Walkner Condon Financial Advisors and its advisors in this piece are their own. Registration with the SEC does not imply a certain level of skill or training. All statements and opinions expressed are based upon information considered reliable although it should not be relied upon as such. Any statements or opinions are subject to change without notice.

Information presented in this piece is for educational purposes only and does not intend to make an offer or solicitation for the sale or purchase of any specific securities, investments, or investment strategies. Investments involve risk and unless otherwise stated, are not guaranteed.

Information in this piece does not take into account your specific situation or objectives and is not intended as recommendations appropriate for any individual. Readers are encouraged to seek advice from a qualified tax, legal, or investment adviser to determine whether any information presented may be suitable for their specific situation. Past performance is not indicative of future performance.