Home renovations are always exciting. Seeing your home has become a new, different place is something you will always cherish. However, renovating a home can be a complex and expensive undertaking, so it’s important to set a realistic budget before beginning. Here are some useful tips for you to consider when preparing to make a home renovation budget:
o Set a realistic budget. A realistic budget gives you an accurate idea of what kind of major home renovation projects are accessible to you. Some considerations that may go into your overall budget planning process includes the level of detail required, the amount of available disposable income you still have left over, and the extent to which you want to renovate your home completely.
o Check whether you require a contractor. Construction and home renovation process are usually intertwined, meaning that you may require the services of a contractor during some stages of the process. If you’re planning to make major renovations, for example, you may need the help of a contractor who has previous experience in remodeling your home, or you may be looking at hiring an architect or similar professional to oversee your renovations.
o Get bids. It’s a good idea to contact several contractors and construction organizations and get bids on different renovations. This allows you to choose the most affordable and efficient contractor for your home renovation process. Bids are usually available online and in local newspaper ads.
o Decide what kind of home renovations you’re planning to tackle. The extent of your home renovation projects will largely depend on your financial resources, your available time, and your level of skill. For instance, if you plan to demolish part of your house, such as the attic, and replace it with a new roof, your home renovations will be shorter and easier. However, if you plan to remodel your entire home, for instance, changing your kitchen and bathroom fixtures, you’ll probably need to hire a contractor who is experienced in renovating homes.
o Check whether building regulations are worth taking. Building regulations can vary greatly depending on where you live, from building regulations for high-rise apartment blocks in New York City to building regulations for normal street shops in London. If you plan to undertake major renovations or building projects, it might be worthwhile to get the building regulations of your area endorsed by an expert architect who has experience in bringing your ideas to fruition. If you live in a planned development, you may also be required to get planning permission before starting any work.
o Be realistic about what the finished result could look like. If you’re planning to give your old home a face lift by replacing the wallpaper and painting the walls, it’s probably worth getting an expert opinion first to see how much the changes would affect the price of your home. Similarly, if you’re planning to do major renovations to the roof or staircase, doing it yourself could be cheaper but take into account that if your home renovations result in a smaller bathroom and a smaller living space, you may not have enough living space left over to accommodate a large-scale renovation project, which would make house renovation more challenging down the line.
o Use social media. Facebook and Twitter have become extremely popular ways of communicating with family and friends while undertaking a home renovation project. You may also want to consider using a professional design agency to get the message across about your renovation plans. Alternatively, you could start to share pictures and stories about your renovation with your Facebook and Twitter friends to spur conversations about your project. Before you know it, more people will be involved in your renovation project, thus ensuring that you will be able to complete it on time and on budget.