Essential tips for planning a successful home renovation
Planning and executing a home renovation can be a bit of a daunting prospect. Overhauling part of your home can disrupt family life for a while, as well as put a bit of a financial strain on your bank balance.
Once it is completed, however, the benefits are untold. You could end up with more space for your family to live, a beautiful new interior or what feels like a whole new and improved home! Here are some tips to consider in the planning stages to make your project a success.
Planning your renovation project
Before you can break ground you will need to have a clear plan in place for your project. If you are doing this with a partner, take some time to sit down and discuss your visions. You could even make a vision board with ideas for décor, layout and inspirations.
You should also start to line up contractors. You can ask friends and family for local recommendations as well as post on local social media groups. Remember to look the company up on review sites such as TrustPilot or Check A Trade for past customers’ experiences.
Budgeting for renovation costs
Setting a budget before you embark on a project is a good way to make sure you don’t run out of money before you are even halfway done.
In the planning stage, break down roughly what you’ll need for materials, labour and any extra contractor fees. Your chosen workforce should be able to give you quotes that will help you form your budget.
Often, there are unexpected costs that arise so try to have a contingency budget for that. You could aim for 20% extra on top of the original renovation cost. Also, be prepared to compromise as the project goes on and your funds begin to deplete.
The importance of renovation insurance
Renovations are projects that do carry some risk. You may find yourself with some property damage or facing contractor disputes. There is even a chance for accidents to occur.
One of the best ways to protect yourself and your property is to take out renovation insurance. This gives you peace of mind that you are covered financially and legally. As with all insurance policies, read the contract carefully and make sure you understand what is and isn’t covered.
Post-renovation considerations
Once your renovation is complete, you can finally enjoy your new space and décor. It is wise to keep any documentation and receipts from the project in the event of something going wrong or malfunctioning.
As with the rest of a home or building, regular maintenance is key to keeping it in top condition. Your builders will recommend tasks to regularly carry out so make sure you take note!