Thinking of renovating a house? There are a lot of things to consider before you undergo a renovation project. Whether you are looking to renovate the property to live in, or to rent or sell it, here you’ll discover some of the main things you’ll need to consider.
Planning and budgeting
The first thing you should do is plan and budget for the renovation. You need to know what areas you are starting with and how much the entire project is going to cost. Plan for any issues which may crop up along the way too. It can help to research common renovation mistakes so you know what to avoid. Once you have a rough idea of how much it will cost, think about how you are going to fund it. Look into the different funding options available before deciding which is right for you.
Tackle the most serious issues first
It’s a good idea to start by addressing the most serious issues first. So, look for immediate signs of disrepair. Starting with the toughest, most expensive work first will give you an idea of how much you have left. That way, if you didn’t set aside enough funds for the entire renovation, you won’t need to find much extra for the smaller work that needs doing.
Ensure the heating and water systems are in good condition
Two things you should focus on during the renovation are the heating and water systems. Make sure they are in good condition and that any older systems are replaced. Newer heating and water systems are much more energy efficient. So, by investing in the latest systems, you’ll see a massive difference in your ongoing running costs. You should consider taking out boiler care cover to protect the system and your finances.
Don’t forget the outside
It’s common to focus solely on the inside of the property during renovations. However, don’t forget the outside too. This is the first thing you see when you arrive at the property. So, if you’re planning on selling it or renting it out, you want it to look as attractive as possible.
A clean and tidy looking property will give potential tenants or buyers a good first impression. Also consider investing in outdoor furniture and hiring a landscape gardener to make it more aesthetically pleasing.
These are just some of the things to consider when you’re renovating a property. There are a lot of things that can go wrong, so being as prepared as possible before you start is essential. Make sure when you’re setting your budget, you have an excess in case it goes over-budget. This is a common issue that crops up during a lot of home renovations.
A friend has been planning to renovate a part of his house in the coming new year. I found it helpful when you highlighted the importance of knowing how much money will be spent on the project and setting a budget for it. I am not sure which part of his place will be renovated, but I think in addition to planning the budget, he will also benefit from selling off the parts that can still be used.