If you consider a complete home renovation, you are in good company. A recent National Association of Home Builders study found that nearly two-thirds of homeowners interviewed planned to renovate their homes within the next five years. Of course, many reasons people choose to renovate their homes. Maybe you need more space, or your home is no longer in style. Whatever your reasons, it is important to plan your renovation carefully so you can get the most out of your investment. In this blog post, we will discuss four tips from experts that will help make your home renovation a success!
1) Set a budget and stick to it.
One of the most important aspects of planning a successful home renovation is setting a budget and sticking to it. This can be difficult, especially if your heart is set on certain high-end materials or finishes. However, it is essential to remember that your renovation should fit within your overall financial goals. Otherwise, you may find yourself struggling to make ends meet down the road.
To help stay on track, experts recommend creating a realistic budget by considering all potential costs such as materials, labor, permits, and unforeseen expenses. Once you have an accurate estimate of what everything will cost, add a cushion of about 20% to account for any unexpected costs that may come up during the project.
2) Get multiple quotes from contractors.
Another critical step in planning your home renovation is getting multiple quotes from contractors. This will help you ensure that you get the best possible price for the work that needs to be done whether it’s new flooring or Canal bespoke staircases. It is also a good idea to ask for referrals from friends or family members who have recently completed a similar project.
When meeting with potential contractors, ask about their experience, licensing, and insurance. You should also request a detailed written estimate that includes a project timeline and a breakdown of all costs. Once you have received all of the estimates, take some time to compare them before making your final decision.
3) Make a list of must-haves vs. nice-to-haves.
Before you begin your home renovation, it is essential to sit down and list all the things you would like to change or improve. Once you have compiled your list, start categorizing each item as a “must-have” or a “nice-to-have.” This will help you prioritize the items on your list and ensure that you make the most efficient use of your budget.
Some examples of must-have items might include adding a bedroom if you have a growing family or updating the kitchen to make it more functional for your needs. On the other hand, nice-to-have items would be things like adding a deck or porch or installing new countertops in the kitchen.
4) Don’t forget about the little things.
One of the most common mistakes people make when renovating their homes is forgetting about the little things. These are the details that may seem insignificant but can make a big difference in the overall look and feel of your home. For example, updating your doorknobs, light fixtures, and switch plates is a relatively inexpensive way to give your home a fresh look.
Similarly, repainting or refinishing existing cabinets can save you much money compared to buying new ones. And if you plan on selling your home in the future, minor updates like these can help increase its value.
Following these expert tips will help you plan a successful home renovation that fits within your budget and meets your needs. With enough planning and forethought, you can create the home of your dreams!