Archive for the ‘contractors’ Category

Common Home Renovation Mistakes

Wednesday, December 7th, 2011

If you are planning on starting a home renovation project, do not believe for one moment that it will be an easy job. It requires time, money, a plan and most of all, it requires thorough research. In here, some of the common mistakes committed in renovating dwellings are enumerated.

Common Home Renovation Mistakes

1 — Not having a reason for renovating

You just do not wake up one morning and decide that you will renovate your house. There should be a reason behind the decision. Are parts of your home starting to deteriorate? Have you lived in it for more than a decade? Are you planning to sell? The reason will always determine the type of renovation you are going to need. If you are selling, you will have to also worry about the look of the home, but if you are renovating to strengthen weakening areas, then structural aspects are your main concerns.

2 — Not making a plan

You do not "learn as you go" in house renovation. You need to read up on renovation and learn what others have done or what others are doing. You need to keep track of trends in construction and building materials, prices of supplies, where to get the best bargains, which are the most trusted contractors, what rules are in place in your particular neighborhood in relation to renovation, etc.

3 — Not having a timeline

Never start a renovation project without nailing the time frame. You should have a start date and an end date and try to get the job done within that time frame. Even if you have no other things to do and can afford to spend your time unchecked, working on the project only when it suits you will cost you a lot of money.

4 — Believing you can do it on your own

It is fine if you are a professional contractor or home renovator, but if you just have knowledge of simple repairs and fixes and your project is of a much larger scale, then it will be better to hire professionals to do the job for you. You may think that you will be saving money if you work on the renovation yourself, but if you have no idea of what you are doing, you are going to end up wasting time and money with nothing to show for it except frustration.

5 — Going beyond what is needed

Renovation is just that – renovation. You are not building a new house. Do not work on areas that do not require work and do not add tasks to your plan that you do not need, much less afford. Prioritize the aspects of the project that are urgently needed and get them done first, then move on to smaller concerns until your time and your budget are reached.

6 — Not preparing for it financially

Budgeting is key to a successful renovation work. Set a limit to the amount that you are going to spend and stick to that plan. Make sure that you have enough money to cover the necessary fixes. Home renovation is not a luxury project, but a practical one, so spend your money wisely.

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How to Create a Home Renovation To-Do List

Monday, October 31st, 2011

Improving your home’s physical attributes via a home renovation can certainly add to its appeal as well as value. If you are looking to sell your home and want to make sure it attracts buyer attention, you need to have a systematic approach to your renovation project. After all, there are plenty of surprises along the way and having a to-do list will help you avoid such unexpected circumstances.

How to Create a Home Renovation To-Do List

Here are the things you need to do:

  1. Check your home — If you are unsure about what kind of home improvements you would like, you need to inspect your home in its entirety. Try to look at it from a buyer’s perspective and look at the things you believe will have to go. If you find this difficult, you can simply come up with a list of your home’s positive and negative features. This way, you can easily come up with a decision.
  2. Do research — It would be hard to pinpoint exactly what changes you would want or aiming for unless you know what your choices are. At this point, you might want to spend some time in front of your computer and look for new trends in home renovations online. You certainly need to make sure your renovations are in line with what is currently in demand in the market.
  3. Study the local market — Finding the improvements you would like for your home is not enough. You also need to study the market and learn about market factors such as demand and supply, home prices and even the local economy. It is crucial your decisions are guided by these factors. After all, your home is an investment and you have to protect your interests and only make calculated risks.
  4. Check your finances — Now, it is time to see whether or not you can afford the renovation project. If you are short on cash you can always use your home’s equity or refinance your existing mortgage loan. You have to avoid overestimating your capacity to pay and only choose home improvements you are 100 percent sure you can afford. In addition, you also need to calculate the cost of the renovation and add it to the final selling price of the home to see if it is reasonable enough to attract offers.
  5. Canvass construction material prices — If you would like to have a clear picture of the cost of the home renovation, you could shop and compare prices of construction material. While you are at it, you can also speak with several contractors and get an idea how much it would cost to hire one.
  6. Consult a professional contractor — All the changes you want should certainly be discussed with the contractor to confirm that it can be done at the budget you have set aside. You might also want to ask your contractor for suggestions so you can cut down on expenses.
  7. Come up with a timeline — The last part is coming up with a schedule. You need to speak with your contractor about the length of time it would take to accomplish the project so you can plan the next steps accordingly such as scheduling an open house, etc.

Homebuyers and sellers need not worry with at their side.

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