Step 4. Pick your partners

Many homeowners decide to do their own renovations. In most provinces, you may do so, provided you get the necessary permits, follow local building codes, and have the work inspected by the appropriate authorities.

Doing it yourself can save money, but there are other costs to consider. Are you prepared to draw up your own plans, get your own permits, and schedule inspections? How much time can you spend away from your regular job, your family, and other commitments? Can you be as efficient or as skilled as tradespeople who do this specialized work every day?

You may feel comfortable painting a room or removing an old fence, but specialized tasks that involve wiring, plumbing or heating systems are usually best left to professionals. Some municipalities, in fact, require certain kinds of work to be done by certified tradespeople.

There is also the question of equipment: if you don’t own the tools, you’ll have to buy or rent them. If you run into problems, who will you call? Renovation is a big responsibility, and at times it can be stressful.

Most people find that contracting-out the work is best. But choosing the right renovator is extremely important.