If you’re thinking of renovating your home, you need a plan.
It’s a good idea to sit down with a notepad and pen or at your laptop and carefully think about every stage of the project. A plan helps you visualize each step and can highlight potential problems before they arise.
This is especially important if you’re hiring contractors to do some of the work for you. If they’re on-site and aren’t able to work because you forgot to order materials, they’ll still want paying.
So, what must you consider when undergoing a home renovation project? HalfPrice.com.au created the handy infographic at the bottom of the page which breaks down the various steps of remodelling your home.
Let’s look at some of them.
What to consider before you start a home-renovation project
There are two main reasons people improve their home – to increase the value of their property or to improve their quality of life.
Here are a few considerations to take into account before you start a renovation project of any size:
- How much will it cost?
- Will you get a good return on your investment?
- How long will it take?
- Can you do any of the work yourself or must you hire a contractor?
Once you’re over the first hurdle and able to justify the home improvements, it’s time to start facing some hard facts:
- Assess your home’s current condition – if it’s not able to cope with major renovations, get the work done before you start or include it in your schedule.
- Make a wish-list of all the jobs that need doing or you want doing – revisit the list several times to make sure you haven’t missed anything.
- Familiarize yourself with national and local building laws and regulations (including and perhaps especially, permits)
- Obtain permits (these can sometimes take a while to be issued)
- Start researching and enlisting contractors
- The ultimate decision – live in or move out?
Next, bringing it all together and creating a timing schedule.
This is critical for making sure the project runs smoothly, especially if it’s time-sensitive and you’re hiring contractors.
How much does a typical renovation cost?
It depends upon so many factors – materials (highest grade or average?), experience/skills the contractors bring to the job, and timescale (will you pay more to get the job done quickly?) all impact on the bottom line.
The infographic below includes some ballpark figures for you to consider. Before using these in your budget, you should really check out the costs locally as they could vary considerably.
Working out your budget
People always go over budget on the TV, right? Some problem or other crops up or they see a more expensive bathroom suite. To help you stay within your budget, plan ahead and look for ways to save money from one part of the project so you can use it somewhere else.
For example, you could buy materials yourself or ask your contractor if you’re able to use their trade discount if you buy from their usual supplier. Most will happily do this for you as it strengthens their relationship with their supplier.
Common home renovation mistakes you must avoid
This section of the infographic contains some little gems. Not least the one about communicating with contractors. You must make sure the people working for you know what you want. Failure to do that could have disastrous consequences, especially if you’re off-site or not checking the work every day.
Another one – “failing to take accurate measurements.” Oh boy! Check, check and check again. And you’re still not sure, get a pro to help you.
Doing any type of home renovation work is a scary business, especially if you haven’t done it before. After all, you’re working on your home – the place you live and love – and if something goes wrong, it could collapse all around you!
Thinking about the entire process, planning ahead and speaking to professionals will help you understand what needs to happen, and when it needs to happen. If you do this, your home renovation project(s) should run (almost) smoothly.
Essential Tips for a Home Renovation Project