Which Factors Should You keep In Mind Before Renovating

Business

One of the most satisfactory jobs is to renovate something in my opinion, giving a brand new look to everything. It is a very creative and interesting job no matter how big or how small either it’s renovating your entire home or just renovating your kitchen or bathroom. No matter the size of the project or the aim of the project. But most people don’t know where to start? And what to consider before you tear down that wall or start shopping for new materials, or whom to hire either a designer, contractor, or a construction company. Most of us don’t know and because of the lack of knowledge, we tend to face problems especially of the expensive kind.

Let’s take a look at some of the things to keep in mind before you start your makeover of the project and we’ll be highlighting some point of views of professionals who might be ideas with your renovation project.

Who are you renovating for?

Generally when you consider renovating something is mostly either it’s for yourself, a tenant, or for a buyer.

For Yourself: Renovating your home is mainly done to improve your own and your family’s lifestyle. And if this is the case then you have to ensure that the lifestyle you adopt meets all your lifestyle and family needs. From breaking down walls for an open-plan kitchen/living-kitchen / living area to building a swimming pool, you should think of your renovation project as an investment for your family’s future. If it’s not going to add value to your home and your family’s lifestyle in the long run, then it’s not the project for you.

A tenant: If your renovating is for an investment property, you’ll want to attract as much as rental income while keeping your property low maintenance. Take into consideration factors like tenants who usually don’t tend to their garden as much as their owners. Don’t spend too much on creating a beautiful garden for your tenant, but instead focus on something that will suite to their lifestyle, such as a bigger living space.

A buyer: Renovating to sell? Then you must have a pretty clear idea of who the buyer might be. For instance, if your home is family-based and your target market is growing families, then the future owners might appreciate a garden and spacious outdoor areas – perhaps even an extra bathroom. On the other hand, if your target audience is a professional couple, then an easy living solution, where they don’t have to be doing any extra work after moving in might be better.

Do your research

Once you know who you are renovating for you can start to think about how you want the space to look like. Take structure, style, and functionality into consideration. Browse through the web to get a better idea of and feel about the colure palettes, furniture style, etc. Collect some samples of materials and finishes that enhance the look for example wooden floor versus tiles or concrete countertops versus marble

Always plan for the unplanned

Having a stick budget is very important, but it is also beneficial to leave some extra budget for unplanned events. Regardless of how much you research there are chances are likely that something unexpected is going to happen so it’s better to be prepared for that.

Hence leave some extra for those unexpected circumstances (10 to 20 percent of your whole budget) and try to meet with a professional to discuss possible scenarios, like electrical work not being up to code, finding mold behind plaster, etc.

Make a schedule and follow it

You need to establish a plan. With dealers overlapping, materials and appliances being delivered, and you still trying to carry on living around the renovation project as normal, having a schedule in place can help prevent chaos.

Your schedule should list out the work that needs to be done to the house, and in which order. It also helps to break a project down into pieces, such as “bathroom renovation”, “tearing down living room wall”, “loft conversion”, and having a separate schedule for each of these.

Set a budget

When it comes to renovating people tend to over spend then they should. And in the end face financial difficulty. So it is important to set a stick budget and follow it. Make necessary investment such as investing in like new doorknobs and cabinet hardware) to larger items (such as new sofas and kitchen appliances).

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