Remodelling a house or a room in a house can be a source of great excitement, it might even be a profitable venture for you, but it can also be daunting. There are numerous benefits to carrying out home improvements, from unearthing previously hidden and original features, to making your house feel like a real home for you to fully enjoy, in truth many people get a real sense of accomplishment from putting their own stamp on a property.
As with any project, the key to ensuring a successful remodel is to prepare thoroughly, and so your research. A little due diligence will go a long way when the inevitable hiccups and time delays arise. Going into a project such as remodelling one’s property, I would advise you to be ready for a few surprises along the way. As with most things, ‘in theory there is no difference between theory and practice, but in practice there is’.
A good schedule of works should include a complete breakdown of every single task which needs to be completed, ideally in order. This will really benefit you when it comes to being in the thick of the action as it were.
Be Aware Of Hidden Costs
As well as surprises, and potential road bumps during the project, also be aware that there are often hidden costs associated with remodelling a house or even a single room such as a bathroom or kitchen. Again planning and preparation is paramount. Knowing where these hidden costs are likely to crop up, and having a step by step contingency plan in place for when they do arise, should mean your project will remain on schedule and on budget.
For example, let’s say a scheduled delivery of materials does not arrive until a few days later, this doesn’t mean the project necessarily has to grind to a halt. With a little prior thought you can use this time to be getting on with another task for the project in the meantime. Time management is really essential, one of the most common pitfalls of an undertaking like this is that there is always a chance that by running severely over schedule, your costs might overrun dramatically too.
A good policy is to add 20% onto your projected budget, this will give you a little leeway.
Potential For Return On Investment Via Home Improvements
Another reason people choose to carry out home improvements is the longer term goal of adding value/equity to the property as a whole. Even in the short term some rooms in the house will also produce a return on your investment immediately depending on the room. I would advise anyone about to spend a lot of money on a remodel to get in touch with and speak to a few different interior designers/architects depending on your project. This is important for a couple of reasons in my opinion.
Firstly, you want to make sure that the job is properly designed, if you are outlying a vast sum of money it makes sense to employ a good designer. Usually they charge by the hour, or they might take a ten percent cut of the overall project price, which is a relatively small sum for the peace of mind it shall guarantee you.
When choosing a designer to whom you will entrust your vision, make sure he/she asks you lots of questions about what you want to get out of the project, the way in which you live, make sure they prioritise the same things you prioritise, aesthetics for instance. This way you will not be disappointed. The designer has to be on board with you, not vice versa.
Where Do I Even Begin?
For those who are uninitiated in the rigours of remodelling a home, it can be difficult to even know where to begin. Most people will likely choose a room or two rather than undertaking a full house remodel, and this is wise, it is better to walk before you can run. The truth is that if you are carrying out a remodel for the first time, you will learn a lot about where to improve your process for future projects as well as familiarising yourself with some of the obstacles which might come your way. It is also a good way of dipping your toe in the remodelling waters without having to nearly bankrupt yourself by renovating a full property.
If you are currently unsure where to start with your project, you will want to select the room that will traditionally recoup the remodelling costs and create equity in your property. This is why many experts are in agreement that remodelling a kitchen or bathroom first is usually the smartest move.
Good luck, and again, make use of the resources available at your fingertips, do your research first. :)
*Header photo source Pexels. Second photo source. Third photo source. Fourth photo source. Fifth photo source.
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