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Tips for Planning a Home Renovation

Tips for Planning a Home Renovation

If you are tired of living in an old, uncomfortable house, it may be time to think about a home renovation. Planning a home renovation can be an overwhelming task, but it can dramatically transform your life for the better. There are so many different renovations that you can consider but whatever you choose, you must take the right steps to ensure you get the desired results. Major renovations can be time-consuming and costly, as well as incredibly intrusive in your life and home.

This article will discuss 4 simple tips for planning a home renovation that will help save you time and energy.

Develop a Detailed Plan

The first important step to home renovation is to develop a clear and detailed plan. The plan should reflect your goals for the renovation project, any requirement or specific needs that you want to achieve, and include sketches or 3D designs of the finished look. It should also divide the project into steps and indicate the steps that will require work from professionals. By having a clear plan, you will be able to carry out the steps in order and not worry about missing anything important.

In this first step, you should also check if your home renovation will require a local permit, and factor that into your plans. If you need your house renovation to be completed by a certain date, you should put the end date sometime earlier, because most of the time, construction work will run over schedule. Once you have the end date, you can work backward and determine the length of each phase of the project.

Get Financing or a Renovation Loan

If your project requires more money than you currently have, you may want to consider other financing options, such as getting a renovation loan. The experts at https://www.bstcredit.com.sg/apply-renovation-loan/ explain that a home renovation loan will allow you to access the funds you need. A renovation loan can be a personal loan or come in the form of a mortgage but it can cover many different costs such as building a new kitchen, roofing, or installing a heating system.  However, for a home renovation loan, you will need to show proof that the loan was used to pay a contractor or to spend on fixing the house. 

Set a Budget

After you have made your plan and secured your financing, the next step is to determine the budget and cost for your home renovations. It’s better to set your budget before looking at potential contractors. Depending on the size of your budget, contractors can adjust their quotations and select construction methods that best fit your financial capabilities. 

In your budget, you should include all project-related costs, such as permits, labor costs, building materials, decoration, and furniture, and set aside 10% for contingency or unexpected costs. Once your budget is finalized, you can discuss this with contractors and get cost estimates from multiple contractors to compare their quotations and understand the different materials they will be using. If their cost estimates exceed your budget, you may need to cut down on lower priority items.

Hire Reputable Contractors

Hire Reputable Contractors

Now that all the preparatory steps have been completed, the next step is to choose your contractors. The best way to select a contractor is by considering both quality and cost factors. You don’t just want to choose the contractor with the lowest cost estimate, because low cost often just translates to low quality. Hence, to find the right contractor for your home, you should keep in mind the following factors: 

Experience and License

A properly licensed contractor with many years of experience will most likely get the job done more effectively and safely than someone with little experience.

Insurance Certificate 

Your contractor should have insurance or compensation for their workers in case any mishap takes place. This will also give you peace of mind during construction.

References

A good way to check the contractor’s word and performance are by contacting their past customers. Don’t be shy to ask contractors for their references as this will help you save some headaches later on. 

Good communication with your contractors is vital during every stage of the process to confirm the timeline, the materials they will use, and the subcontractors who will work on your project. Getting to know their professional opinions and personality will show you if you will be comfortable working with them. You don’t want someone who keeps trying to upsell you all the time as your contractor should be trying to protect your budget.

A home renovation can be a great deal of work, but with these tips, you will be able to carry out your plan smoothly and efficiently. When all the work is done and you are relaxing in your brand new home, it will all feel worth it in the end!

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