There is a lot of appeal in purchasing a run-down property to fix up and transform into a fabulous home. Not only does it allow you to create your dream house, but it can also result in a brilliant return on your investment when or if you ever sell in the future. However, while this can be a fun and exciting project, it also requires a lot of planning and thought before you start tearing down walls and ripping out old pipes. If you have been considering a project like this, here are a few tips that you might find useful.
Home renovations of any kind cost money, but if you’re renovating an entire property be prepared to spend a significant amount to get it to a good standard. While there are options available for those who are on a slightly tighter budget, cutting corners is never a good idea. Therefore, make sure you have enough savings to be able to afford top-quality work and materials.
To ensure your budget can cover this kind of home improvement project, do extensive research to find the best deals on contractors, decorators, materials, etc. You should also have an ‘emergency fund’ in case you need to spend a bit more on certain aspects of the project. Things can go wrong at some point during renovations; therefore, being prepared to pay to overcome these challenges is key.
Another thing you need to be aware of is how long all of this work will take, especially if you’re planning to move into the property upon completion. Be realistic with your time frame, and again, be prepared for unexpected delays as well. If you have a date in mind for when you want the renovations to be completed, speak to your contractor to find out if they think this will be a realistic goal. Once the bulk of the work is done you should be able to move into the property while the finishing touches are completed.
Find Reliable Tradesmen
There are lots of horror stories out there about how people have been scammed by cowboy tradesmen, and it could easily happen to you as well. To avoid spending a small fortune on shoddy workmanship, take the time to find the right contractor, electrician, plumber, etc., for you. Get a few quotes from different companies and compare them to see what seems legitimate and what doesn’t. How long they think it will take to complete renovations is another good yardstick in which to measure their reliability. You can use websites that review tradesmen in your area to see what previous customers have thought. Alternatively, you can ask friends or family who have recently had work done on their property to see if they can make any recommendations.
Utilize the Space
Make sure you’re utilizing the space in the property for a perfect renovation. For example, empty, unused alcoves are transformed into built-in storage areas. Perhaps converting the attic or basement into an additional bedroom or home office could be a good idea? Even looking at extending your property in certain areas to make a kitchen larger or to add another living room could boost your property’s market value and make it a more comfortable living environment.
Pay Attention to the Bathroom and Kitchen
Every room in the house will require your attention, but the kitchen and bathroom are areas that need careful planning. As mentioned above, if the kitchen is too small, this makes it difficult to prepare meals and store food safely. The appliances need to be of good quality, and having smart-tech installed could be another selling point if you’re renovating a house to make a profit. A spa-like bathroom is also very appealing, from walk-in showers to deep, luxurious bathtubs where people can relax after a long day. For some excellent examples of stylish bathrooms, look at these bathroom renovators Perth.
How you decorate your home will come down to your taste and style, but if you are renovating a property to sell on once work is completed, make sure the interior design is palatable to most people. Many design trends come and go throughout the years, but choosing timeless looks are better as they will be appealing to the majority.
Finally, don’t forget to make the exterior of your property look as gorgeous as it’s interior. An interesting and stylish garden area is a very desirable feature in a property and is a great way for you to enjoy a bit of nature even if you’re in an urban environment. Whether it’s big or small, take the time to plan out a lovely garden area, or hire a landscape gardener to do this for you.
Renovating a property is a lot of hard work and it will require patience, but the result can be breathtaking if it’s done right.