Starting a new house renovation project can be incredibly exciting also at the same time it can also bring a fair share of stress along with it. Not only stressful, but it can also be exhausting and expensive. Before you start picking out the wall paint colours and taking out your old tiles, it’s important that you’re clear as to what the endgame of this project will be and how you plan to pay for it all. Use the following questions to get that clarity.
1. Why have you decided to start this project?
There are many reasons why people decide to start renovating. They do so for profit, enjoyment or to increase the amount they can charge for rent. If this is the case your next decisions will be influenced by your reason for renovating. If you are renovating to sell you need to think of your target market and what they may want instead of your own preferences.
2. What is the total budget?
This is the most crucial question as it will determine the length, quality and type of renovation you have. You need to have a reasonable budget that does not leave room for unexpected costs as these can leave you with an unfinished project or worse or in debt. It’s prudent to have a buffer of 10 per cent for unexpected house renovation costs as these always come up.
3. What kind of renovation is it?
You need to decide if you are going to have a cosmetic or a structural renovation. If you want to change the floor plan, extend your property or remove any walls you need to get the approvals before starting the project. Cosmetic renovations are usually easier on the bank balance, but they can still produce amazing results if done right.
4. How are you going to cope emotionally?
Renovations can be long and arduous. They require a lot of stamina and you need a good support system to see you through the tough times. Reach out to your friends of the family and see if they can spare some time for you. You can also set some time apart each week for rest and recuperation.
Finally, you need to decide if you are going to manage everything yourself or you will hire a house renovation planner. Getting a pro on the job can keep things flowing make the process less stressful for you and the project manager can also help you to keep costs down.
At Xclusive Projects, we specialise in building both in residential and commercial. Contact us today and one of our team members will be able to set up a meeting with you. Our team of experts can help you build or renovate even in these uncertain times