Homeowners considering remodeling should look for outstanding references, good business acumen, hands-on experience, a commitment to high standards and professionalism. Additionally, the firm should be licensed, bonded, and insured and have experience with the type of project being considered. Finally, good chemistry to foster a positive working relationship is needed to build the mutual collaboration necessary to see the project to completion. This is a key ingredient to success.

While it is true the housing market has been under pressure lately, home ownership is still one of the best ways to build equity over time. Many improvement projects have good returns on investment, and have the added benefit of providing increased functionality, comfort, and convenience to the homeowners. Projects that improve a home's function can translate to a positive return if the owners plan to live there and enjoy it. If you love the location, environment and character of your existing home, remodeling may be the best choice.

Most people start by looking through magazines, taking photos of spaces or details, visiting home shows, and watching home improvement television programs. Keeping a notebook or binder helps to organize these ideas. Once you have a general idea of the type, scope, and cost of the improvement desired, the next step is to engage a construction professional who can advise on the feasibility of the project.