Remodeling school
It took a year, but Erika and Greg Tansey got the house they wanted, doubled its value and gained some hard-won insight into the rules of renovation along the way. By Sarah Max, Money Magazine
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The Tanseys thought better of doing the tiling themselves and spent the $12,000 to have professionals do it.
The Tanseys thought better of doing the tiling themselves and spent the $12,000 to have professionals do it.
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The Tanseys thought better of doing the tiling themselves and spent the $12,000 to have professionals do it. Greg pitched in on the demolition, the framing, and the electrical installation. Doing much of the physical labor himself took Greg away from his family.
Lesson 4
Even Bob Vila has his limits
Erika dealt with subcontractors, kept track of materials and cared for their infant daughter, Claire. Greg spent his weekends and evenings at the house. "The poor guy works all day then goes to work again," said Erika during construction.

You can save a lot rolling up your sleeves but there's a price to pay. "The three key elements of a remodel are cost, quality and time - and they could conflict," says G.C. and family friend Dave Fahlman. "You are constantly having to pick which is more important."

Greg helped with the demolition work, the framing and the electrical installation. He planned to tackle the tiling as well but after months of 16-hour days, he thought better of it and hired three workers. "It was the best $12,000 we've ever spent," says Erika.
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Most stock quote data provided by BATS. Market indices are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer. Morningstar: © 2018 Morningstar, Inc. All Rights Reserved. Factset: FactSet Research Systems Inc. 2018. All rights reserved. Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Standard & Poor's and S&P are registered trademarks of Standard & Poor's Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. All content of the Dow Jones branded indices © S&P Dow Jones Indices LLC 2018 and/or its affiliates.