It is a New Year, a New Decade! So let’s start the New Year right with a piece on renovating which brings my experience working in the Construction field into my blogging world!
For the last three years, I have been working for Sherhill Construction and it has been such an eye opening experience. The Construction world isn’t just a hammer and nails. It is much more complex than that and this is why I thought it would be great to share some tips for home owners looking to renovate.
Renovating can be extremely rewarding as it can add value to both your property and lifestyle. However, no matter if you’re undertaking a big or small project, there are a few factors to consider before beginning the renovation work.
Urgency of the Issue
Renovations cost money and if you have a lengthy “to-renovate list” start slow. Look at what items may need urgent action first such as a leaking shower for example. These items could cause bigger problems down the line and should be dealt with first.
Doing one project at a time is ideal financially and if you are living in the home while the renovation is being done, it will be a little less chaotic. It truly is up to you and your needs.
Before doing any renovation, it is best to find out the costs involved in every detail of the renovation. You can speak with a contractor or you can do your own in-depth research to see how much you should be budgeting. The more detailed the budget, the better it is for you in the long-run.
Always set a realistic budget with at least 10% to 20% as a buffer for any unexpected expenses that may arise. When homes are a bit older, you may never truly know what is behind the walls or under the floors.
There are a few financial options that you can undertake if you don’t have the funds at the present time to carry out the projects. I recommend to speak with a financial advisor to see what options are available to you.
Many people would want to save on cost by doing much of the work themselves. A word of advice is to hire professionals, especially in specific trades such as plumbing and electrical. It is the safest route and can save you a lot down the road.
The Return on Investment
A good first impression of your property can dramatically increase its price.
There are many renovations that can increase the value of your home and this is something to consider before renovating. For example, upgrading kitchens and bathrooms are areas that add much more value to a home. There are also other upgrades such as painting and landscaping that can add value but not as much as a kitchen upgrade.
Therefore, look at your home goals and see which project will give you the best return on your investment. If you are planning to sell then this would be ideal to look at before renovating. Always speak with a professional realtor to see the best route for you to take.
Before any renovation it is best to consider all these factors before starting. It can save you time, money and stress by preparing yourself the best way possible. I know personally how it can be when you catch the “renovation bug” but luckily I was able to prepare ourselves slowly with the experience that I gained through work. These tips above truly helped our family keep in budget and slowly cross off our “home to-do-list.”
If you are looking to renovate and not sure how to get started and live in the Greater Toronto Area, give Sherhill Construction a call at (toll free) 1-833-597-8887. Just give them a call to get started! 😉
Until next time…Happy Parenting!
*This is not a paid or sponsored post. Momma Braga did not get compensated for advertising companies mentioned.
One Reply to “What to Consider Before Renovating”