A renovation can add great value to your home, not only for resale, but also for your own enjoyment as you benefit from living in your dream space. Even after renovating countless of projects in the past, each project brings a unique twist and it was a huge learning experience for us. And after being in the industry for about 10 years, safe to say that we have mastered the home-reno game. If you are thinking of taking on a renovation, here are a few things to keep in mind.
Know and Set Your Budget, It Matters
Budgeting is so important for a renovation and if it is not done properly, it can be very stressful (and renovations are stressful enough!). Be realistic about what you can afford to spend, but do not be afraid of the price tag. Deciding to spend more money on certain materials can give you a home that will last longer, saving you money in the long term. Hence, make a list of your renovation priorities to help you decide on the areas you would like to spurge and areas you would like to save.
And always expect the unexpected. Budget for those unexpected surprises that may pop up along the way during the renovations.
Prioritize Your Renovation
Make sure to get approval or permits for your renovations. Trust us when we tell you that a building permit is your protection. It is your assurance that the job is safe and has been done at least to a minimum code.
It is important to take care of the bones of your home first. Things like the structure, electrical, plumbing or heating, ventilation, and air conditioning are what’s most essential to your home’s well-being. Set a strong foundation and get it right the first time.
Hire the right Contractor
Be it renovating a residential or commercial project, picking a quality contractor can make the difference between a job done right and an utter nightmare. And no matter where we go, this is the number one question we hear being asked the most. So, take your time. You are about to spend your hard-earned money on upgrades to your home so do not rush to hire the first person who answers the call.
Spend the time and do your research, check references and ask plenty of questions. What is the term of payment? Was the contractor on time and on budget? Were you satisfied when communicating with the contractor? You will be spending a lot of money on the project; it makes sense to get it right the first time.
Our best advice to give a family who is about to embark on a major renovation is to move out. Renovations can bring about stress and that stress can run extra high if you’re living in the renovation space. If possible, budget to live somewhere else until the project is complete. Not only will it be better for your family, but you do not want to be breathing in all of the demolition dust and VOCs from the products being used.
If you have been through your own home renovations as well, and you have learned some valuable tips and tricks along the way, make sure to share them below in the comments section so we can all learn from your advice.