A Fresh Sheen: Introductory Tips for Home Renovations
When it’s your first time renovating a property, it’s not always clear what to expect. In this article, we’ll get to grips with the types of renovation, timelines, costs, and contractors that you’ll need to succeed in your efforts.
There’s no limit to the ways you can renovate a property indoors and out, with options including extensions, conversions, remodels, and passion projects.
● Kitchen/bathroom remodels: One of the most common (and high return) home improvements you can make - a kitchen/bathroom remodel completely transforms your key living spaces to increase functionality and appearance. This will typically involve new light fixtures, faucets, surfaces, improved storage, and more.
● Fence installations: From 2019 -2020, households undertaking home improvement projects outdoors increased by an overall 21%, many of which were focused on security and improved living. Renovating or installing new fences is a great way to capitalize
on a growing trend and protect your property in the process.
● Home offices: With the advent of remote working, home offices are a unique selling point when it comes to shifting a property and can help to facilitate self-employment, work-from-home days, and more successful conference calls. Take the time to research and refine yours for optimum comfort and productivity during the week.
● Basement conversions: If you’re able to declutter, your basement could be modified in any of a thousand ways to increase your property value and quality of living. It’s not unheard of to use this space as a cinema room, mini bar, home library, wine cellar or something even wilder.
Planning for Renovations
Once you’ve decided on an idea for your renovation, the next step is to create an airtight plan. Take the time to learn about the required legalities, costs, and timelines required to complete the project at a high standard.
● Budget: Your first point of action is to write a budget for your home renovation, ensuring that you’ve factored in costs of personnel, materials, licensing, legal fees, and more. You should be happy with the estimated expenditure (such as quotes from your contractors and utility providers) before moving forward.
● Timeline: Trying to negotiate a schedule with your contractors can be difficult (and it’s advised to exercise some leniency on this point), but by using nationally recognized averages, it’s possible to create an estimation. Take into account shipping/delivery times, stripping, finishing, and, for outdoor projects, weather.
Admin for Renovations
You can expect any renovation project to come with a large amount of legal and administrative paperwork. It’s a good idea to look into these in advance if you want to get ahead of it.
● Home warranties: For a newly renovated home, warranties can be particularly advantageous, protecting you if home systems or appliances break down. Before opting for a home warranty, be sure to check the home inspection report for any red flags and check for existing warranties on your appliance and their coverage.
● Property valuation: Throughout the renovation, it’s important to track the increase in valuation. Keep receipts, document progress, and always check online for similar listings to see how much they might be selling for.
● Landscape design software: When you’re having an outdoor area revamped (such as with fencing), it’s often a good idea to use landscape designer software - this can be used to estimate labor/material costs, manage timelines and effectively delegate tasks.
Whether you’re carrying out home improvements on the inside or outside of the home, it’s important to go into the process with preparation and warranties in place. Adopting an active, hands-on approach will increase the likelihood the work is carried out to a high standard.
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