Renovating a property is not just a significant undertaking in terms of finances; it is also a huge project that can turn into a nightmare if care is not taken. But when you know what to expect during the renovation project, with a little bit of planning, and if you are willing to work with the right set of people, you can actually achieve your dream house relatively quickly, and without going too much over your budget.
If you are considering renovating your current house or plan on buying a house and renovating before moving here, below are some of the information you need to know that will help make your project a successful one.
Prioritise the important areas
That you are planning to renovate your house means that you know exactly what needs to be done, but sometimes, it is necessary to prioritise the areas you will start work in.
For example, you may have a thousand ideas buzzing around in your head, but it may not be cost-effective to do it all at the same time. Of course, if your budget allows for that, you can skip prioritising, but where there are budget constraints, the best idea is to focus on those areas that need work most.
In fact, it may be best to focus on repairs that will give structural benefits first before considering aesthetics. This could be anything from installing new windows to fixing leaking pipes. You also want to consider the areas of the house that experience the most traffic, such as the kitchen and bathrooms. Once you have handled these areas, you can then turn your eyes to the aesthetic improvements.
Prioritising not only allows you to handle the important renovations; it also helps you create a budget for your renovation. Therefore, plan your renovation around the following three priority points:
Draft your budget
Now that you have a clearer idea of what you will be spending money on, the next step is to think about how much you can spend in renovations. A good way to get started is by getting quotes from contractors and tradesmen. Most contractors will be happy to visit your premises for an overview of the project before giving you an estimate.
It is also a good idea to get as many quotes as you can from contractors and builders, but three should serve quite well. The purpose of getting multiple quotes is so that you can compare project estimates, delivery, and deadline.
However, remember that cheap may not always give you the best value, so you should go with a reputable contractor who can give you value for your money.
While creating your budget, be sure to allow for contingencies so that you will have a source of fund to dip into when you have setbacks or unexpected expenses. For example, you may need to create an extra budget for hotels bills as you and your household may have to move out of the house while it is undergoing renovations.
Research your team
Every contractor, tradesman, and worker will look good on paper, but it is also necessary that you take a step further and do some basic research before hiring anyone to work on your property.
Don’t just take their word for it that they have the relevant licenses and insurance, or that they can do a good job. Request to see their paperwork and a portfolio of some of their past jobs.
If you are not convinced about a particular hire, go with your instincts and look elsewhere. There are tons of reliable renovations experts to pick from in New Zealand, such as Auckland renovations by Sika Homes, so you shouldn’t have a problem finding a good one.
Be prepared for disappointments
In a perfect world, your renovations will be completed on schedule and you and your family can move into your new home right on time. But this is not a perfect world and one thing is certain, no renovation project ever completes on schedule.
It can be quite frustrating having to spend more days than you bargained for in a hotel or in the spare bedroom of a friend, and the exasperation can affect the working relationship between you and your building contractor. But if you prepare your mind ahead of time and allow for delays, you will not be too disappointed.
There are a lot of things that can delay the completion of your renovations. Problem with supplies, problem with workers, uncooperative weather, site accidents, and so on, and unfortunately, some of these days cannot be prevented against.
Delays will definitely occur; this is why you should be optimistic with your project schedule. For example, if the contractor says the work will be done in 2 weeks, allow an extra week in your plans to account for any delays that may occur.