Tips for a Successful Renovation, Part 2

Welcome back to Tips for A Successful Renovation. Let’s dive in to the final 4 pointers that can make a world of a difference during your home renovation process!

Tip #4 Be Strategic With Finances

You Get What You Pay For

This applies to both services and products. As the saying goes, “You get what you pay for.”That is typically spot on when it comes to renovation and construction. Always consult with qualified professionals; if someone’s price seems too good to be true, it most likely is. A“great deal” may be tempting, but it’s safe to say that you’ll pay for it in the end. All too often I hear (and experience) horror stories of people trying to trim costs by hiring the lowest bidder or the cut-rate installer, only to spend far more in the end either repairing or entirely redoing work.That’s not to say you must pay top dollar for your project: a good architect and contractor can advise you on how and where to make changes to have the most impact on your bottom line. When you are strategic with how and where you spend your money, you will certainly end up pleased with the results

Tip #5 Team Effort

You Are A Key Player on the Team

Pulling off a beautiful renovation or addition takes a team of great people all working towards the same goal. Never forget that you are just as integral to that team as anyone. Be open to communication and never be afraid to share your thoughts and perspectives. Often some of the most exceptional aspects of a project are a result of the uniqueness the client brings to the table. Close collaboration between you, the architect, and the contractor, leveraging each other’s strengths , experience, and expertise will result in a project that succeeds far beyond your expectations.

Tip #6 Living In A Renovation

Should I Stay Or Should I Go?

People always want to know, “Can we live in our house while we renovate?” Often, a concern is the uncertain timeframe and additional costs of relocating during a construction project.However, while there’s no hard and fast rule, it’s generally recommended to be out of the space.Remaining in a home during a moderate to major renovation is not just a nuisance, it’s potentially dangerous. Beyond the dust (and more dust), there may be exposed electrical and plumbing lines, power tools left out, and materials scattered. If you have kids or pets, this can be risky.However, if it’s just not possible to clear out, you might consider phasing the work. Speak with your architect and contractor to determine options that work with your project

Tip #7 Understanding Value

Dont Underestimate the “WOW” Factor

The most common way to value a renovation is to compare the total investment with the anticipated post-renovation assessment value.In other words, do you anticipate being able to sell the property for more than or equal to the total amount you have invested?A strategic and well-designed renovation can often exceed the value of a similar property with the same “stats”. Take Apple, for example.They use quality design to charge a premium for products that have similar specifications to their competitors.The bottom line is that you have to be mindful of your ultimate goals for the project, and pay attention to the market in which you’re renovating