It's no secret to most of us that the real-estate market has currently slowed down in many areas of the country. But, you may not realize how many homeowners are now in the process of remodeling or adding to their present home to get what they want now, instead of buying and selling into an unstable market.

Basically, it's like the old saying, "Stick with the devil you know." With this in mind, I'd like to share an excerpt from my book, "Ed Del Grande's House Call," with you. 1. Don't get caught with your pants down. You will need to develop a strategy for coping with and living around construction. For example: If you're doing a major remodeling job on the only bathroom in your house, make other living arrangements in advance.2. Understand the impact on your neighbors and neighborhood. Know where your contractors and subcontractors can park their vehicles. Also, address the noise and disruption level to your neighbors' lifestyle, and work with them.3. Know your budget limitations. When you do a project you need to know the exact amount of cash you have on hand and the limit you can borrow from the bank. That's the job budget. Stick with it, no matter how tempting! 4. Require licenses, permits and insurance from your contractor. Whatever the minimum requirements in your area for contractors, you need to see proof of that license, insurance and/or registration from your contractor.

5. Be available to make decisions. Don't lose sight of the fact that your contractor is working for you. Have a plan in place so the contractor can contact you quickly about any major decisions.