Home Renovation Issues To Be Aware Of

Two focuses of my blog are Home/Living Discussions and Home/Property Discussions. Renovations and repairs are an aspect of home ownership whether it’s your primary residence or an investment property. The following contributed post is entitled, Home Renovation Issues To Be Aware Of.

* * *

When it comes to home renovations of one the biggest budget destroyers is the unexpected. While contingency funds are not uncommon when undergoing large-scale renovations they are rarely sufficient to cover all the unexpected expenses that occur. A healthy contingency fund should be around 10-20% of your build cost. Try to remember that a contingency fund is just that. It shouldn’t be used for last-minute purchases or optional extras. Keep it until the very end of the project as it could be needed at any stage, including the latter ones.

One of the most common problems when undergoing renovations is water and when water is a problem it will eat into your budget like nothing else. Whether it is water damage or unexpected problems with accessing water, it is notorious for hampering home renovations. A particularly common problem is unknown water leaks. These can often be lurking behind walls or under floors and have seemingly gone undetected. It is only when knocking down walls or tearing up the floors they come to light. The effect of damp can be devastating and extremely costly. Water can also pose problems where renovations are likely to take place over underground water pipes or third-party access points. It may be that your property contains the access point to the water supply for you and your neighbors.

It is essential therefore that appropriate surveys are carried out before undertaking any big build or home renovation project. These should help bring to light any potential issues that may arise and highlight the property’s waterways. If any issues are identified it is imperative that all domestic water services are handled by professionals. Adam drillers, for example, specialize in domestic water supply, and by using professionals you will ensure the work required is completed to the highest standard and in line with any legal or third party requirements. This should also prevent you from any future unwelcome surprises. The last thing you want to do is pay for work that is doesn’t meet its legal requirement to then have to spend more money ensuring it is up to standard.

Photo Credit Rene Asmussen from Pexels

On the subject of professionals, it is vital you use highly qualified and trusted tradespeople. After all, this is your home. It needs to be safe and secure. Renovations commonly require the use of builders, drillers, electricians, and plumbers to name a few, all of which play their own essential role in completing the renovation successfully. When choosing the professionals to work on your renovation obtain several quotes and do not always be drawn by the cheapest. It can be the cheapest quote for a reason, perhaps they have forgotten to include a costing or got their sums wrong.

What is more, if you are outlying large sums of money on large home renovations you want to be able to trust the people you pay to do it. If they get it wrong it will only end up costing you more in the long run. Any money you saved on that cheaper quote will be redeployed to rectify their mistakes. Finally, experienced professionals are the best people to have around should those unexpected issues come to light. They will have the knowledge and know-how of how best to solve the problem. Research your tradespeople, look for reviews or recommendations and ask to see a portfolio of their work to help make your decision.

Whether you’re revamping your tired bathroom or doubling the size of your property never underestimate what is involved in home renovations. Remember these three words to help get you through all aspects of the project: Research, Plan, and Budget.

Home Renovation Preparation Tips

A key focus of my blog is Financial Literacy/Money. One of the biggest investments any of us will make is our home. One way people increase the values of their homes is through home renovations. Renovations are tricky in that sometimes they can add value, while others don’t. The following contributed post is entitled, Home Renovation Preparation Tips.

* * *

Planning for a home renovation can be a really exciting but daunting prospect. Once you have decided what you’re going to do – loft conversion, garden overhauls, kitchen makeover or maybe a full conservatory and extension – it is time to get down to the details.

With the proper planning, you can trim the fat on the budget and get exactly what you want.

Photo by Nolan Issac on Unsplash

Budget

Everything should start with how much you have to spend. Significant renovations can wolf a lot of cash – even more, if they run over the time, you had allocated. It is often the case that people will take a loan to cover the cost of the renovation, in which case you’ll need to carefully factor in repayment to your monthly budget for the duration of the loan.

Scope

Once you have decided on the budget, you can start working out what is realistic. If you have 1000 to spend, then you might have to be content with repainting and some new furniture rather than a whole extension build.

Consider what the most critical parts of the project for you are. Is it just giving a quick makeover or do you need the extra cupboards? With everything item that gets added to your ‘must-haves’, more money will be eaten in the budget too. You will need to consider your construction site preparation also, because the more you have done in advance, the more likely it is your contractor can hit the ground running – saving time and money.

Materials

Long before you speak to a contractor, you should have an idea of the materials that you want and do as much research as you can about if those materials are actually going to work. Because while you might want a particular type of wood, there might be an issue with sourcing, importing or the suitability for what you had in mind. So you can write the ideal material down, and then add some alternatives that you would be happy with too. It also pays to find the most budget materials too. So if you have to reduce the spend somewhere, you will already have a clear idea of where that could happen.

DIY

Beware of suddenly thinking you can do 50% of the job yourself just to save money. There will be some things that you can do. The finishing touches, cleaning and smaller jobs are almost certainly no problem. But unless you are in the trade or you are a professional, then the chances are you are going to be better leaving it to people who do it for a living. It can be worse if you think you can tackle a job yourself, don’t hire the appropriate people – only to find you can’t, and someone needs to be called in asap.

Hire Well

Get references and ask to see examples of work too. Ideally, you will have lined up a few different companies to interview and make sure that you talk them through what you are thinking, and let them talk about how they would do it and the time frame. Watch out for any work that seems too low priced or if they are cutting weeks of the projected timeline.

Finally, you will need to mentally prepare yourself for weeks on end that there will be noise and mess while the work is being done. People often underestimate how much of an impact home renovation work takes.