Plan for a Successful Renovation.
There is certainly no denying that when it comes to renovations it can be an incredibly exciting,
and exhilarating time, but with a strong desire and temptation to just dive straight into a renovation project important aspects of the project can sometimes be missed, thus causing unnecessary finances later down the line. If you don’t put in the necessary planning for your successful renovation project up front you could be on the road to disaster. done some essential planning up front. In this article, we will be taking a brief look on how you can plan for a successful renovation and how to avoid any unnecessary mistakes along the way.
Don’t rush. Take time to plan.
Fortunately, when it comes to planning a successful renovation you don’t need to be an expert in the field, but it’s important that you should still have some form of general idea as to what needs to be done and what you want to achieve. If you hire the right contractor for you they will be able to assist you with the planning along with providing your advice on the entire process, funding and timing. Blowing your entire renovation while simultaneously becoming unnecessarily stressed is often the result of poor planning and can be easily avoided if you time the right amount of time to focus and plan. Make sure when you plan that you create a priority list, include all the things that you want to add to your renovation project and check off the things that you can do without or don’t necessarily need.
It’s essential to your project that you consider the overall functionality of your renovation floor plan and also the entire layout before you even begin work on your project. And don’t forget to make sure that the layout or design doesn’t clash with your property’s existing design or streetscape. This also includes receiving the necessary planning permissions such as building regulations in your area and if your project requires it you may need to create a proposal to forward to your local council. In terms of functionality for your renovation, stay focused on ease of living rather than passing trends that could go out of date within the next few years.
Avoid Underestimating Your Costs.
One of the biggest mistakes that many renovation projects encounter is cost. When estimating your project’s budget it’s imperative that you also include any costs that may not be entirely obvious from the get go. These fee’s may be:
● Alternative accommodation during the renovation project.
● Any council fees that you may encounter.
● Any insurance that will help cover your project and current building.
● Any removal of rubbish during and at the end of your project.
Don’t Lack in Paperwork.
It’s fundamental to your renovation project that you create some form of written agreement with any builders or tradesmen that will be involved in your project. The agreement should be clear for everyone and depict what it is that you are looking to achieve. It should include your budget, a list of costs, your expectations and also the desired and agreed time frame. This can help cover your back if anything may go wrong.
Expect The Unexpected.
Ploughing head on with any form of project always gives way for unexpected issues to occur. This is why it’s always recommended to put aside a contingency fund just in case the unexpected happens. Half way through your project you may suddenly need more materials, more labour and much more, which is why a contingency fund can help take care of any unexpected surprises.
With any form of renovation project, sourcing the correct and proper financing is essential. So why not give us a call for loan advice, support, information and products that can be tailored to best suit the scale and type of your renovation project that you are preparing to embark on.