Renovating your home can be a stressful experience, but it doesn’t have to be totally traumatic. In fact, if you’ve thought it through and have considered these six important factors, you might find that your home renovation is exciting and rewarding…
1. What’s my budget?
The first and most important thing you have to consider is your budget. Define it, discuss it with friends who have done similar projects, and then add on an extra 15% as a contingency. Issues will spring up, but if you have a ‘back-up’ pot of cash, you’ll be able to sleep soundly. Check in with contractors at various stages of the project to make sure you’re still on track with the finances.
2. What do I want to achieve?
Another big consideration is the vision you’re trying to make a reality. Dreaming and pinning your ideas onto a Pinterest board is the start of any exciting renovation, but you need to be realistic about what you can accomplish with your budget. If you’re dreaming of a top of the range kitchen, complete with marble worktops and slate floors, you’re going to need lots of money. Not got that kind of cash? Do it in stages, or get creative with an alternative.
3. Am I going to sell this or live in it?
Before you so much as pick up a power drill, decide whether or not you’re going to live in the property afterwards, rent it out to tenants or put it on the market. Making this decision early on means that you’ll be guided by a property’s intended function, helping you to choose finishes, interior decorating schemes and even structural layouts. For instance, converting a bedroom into your office makes perfect sense if you work from home, but if you’re going to rent the property instead it’s worth retaining the bedroom space in order to lease it for a higher price.
4. What style do I like?
Following on from the point above, give some thought to the kind of interior design you like. If the property is going to be your home, feel free to be bold about your paint swatches and furniture choices. However, if you’re going to put it on the market to buyers, it might be better to opt for neutral finishes so that it’s easier for them to picture living in it.
5. How important are the finishes?
Similarly, consider the quality of the finishes you’d like to add to this renovation. Interior oak doors from Ken’s Yard are well worth the investment if you’re making this your long-term family home, whereas a standard fire-safe door in the kitchen is preferable (if not legally required) for a rental property.
6. Am I going to do any of the work?
Finally, you ought to consider whether or not you’re going to do any of the work yourself.
If you enjoy getting stuck in, you could roll up your sleeves and save a ton of money (within limits, of course – electrical and gas work should only ever be performed by a professional).
Getting professional advice for theft and fire security is worth the extra investment, it is always better to be safe than sorry.