Whether you're planning a renovation or an entirely new home construction project, choosing the right contractor takes a bit of time and effort. How do you translate your pencil sketches into actual walls and windows? How will the family cope with the upheaval? How much will it really cost? This section is designed to answer some of these questions and to give you a few guidelines to follow when planning your renovation project.

The great feeling you'll experience living in your new home cannot be discounted, but one of the cold hard facts to consider before you break ground is payback, or the cash outlay versus the actual resale value of your home. Certain considerations like alternative energy systems have high up-front costs that will certainly pay for themselves, but only after a number of years. The actual design of your home will also play a large role in what it will cost to build, and what it will be worth to others in the future.

It always pays to consult with a reputable homebuilder or architect before settling on a plan for your next home. And when it comes to renovating your existing home, some projects will give you more leverage than others if you ever plan to sell in the future. Again, talk to a reputable contractor to determine the immediate return on your renovation dollar.

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