Home renovation, whether you are planning to sell your home or simply want to give your London area home a facelift, while also reconfiguring it to better fit your needs, is a great idea. To ensure your property refurbishment goes as easily as possible and to get the best return on your investment, here’s a quick look at the top things you need to consider when renovating your property.
Before you go any further, develop a renovation plan. Keep in mind that your home plays a number of important roles, such as providing a place for entertaining, doing paperwork, and relaxing. This is why it is so important to plan a functional and user-friendly layout with plenty of storage space, large work surfaces, a practical layout, and intelligent equipment.
Now that you have an idea of what you want to do it’s time to develop a specific budget for your home renovation and property refurbishment project. You need to have a clear understanding of how much money you can afford to spend and stick to your budget to avoid overspending. Keep a detailed list of expenses that will allow you to see exactly what you are spending money on. This will also help you determine if you need to cut back spending in specific areas.
Hiring a Team
This is a time, to be honest with yourself. Yes, you could cut your costs by doing some projects yourself, but is this something you can honestly do?
Unless you have the skills and know-how to complete the refurbishment on your own, you’ll need to hire a team to help you. Be certain anyone you hire is qualified, licensed, and insured in London.
In addition to checking references, take the time to find an architect/ contractor who has a vision similar to your own. For example, if you live in a historical home and want to ensure it retains its charm, you’ll want to look for a professional who has worked with historical properties in the past and understands historical appropriateness.
A Realistic Timeline
It goes without saying that you want your home renovation project to be finished as soon as possible, but you must be realistic. Be aware that delays do happen for a variety of reasons, such as bad weather, discovering faulty wiring that must be repaired, or materials not coming in on time, so you must be patient.
It’s important to understand that there may be times when all or parts of your home cannot be used for whatever reason, so you’ll need to make other arrangements.
In most cases, the more specialized trades, such as plumbers and electricians, permits, and inspections involved, the longer the refurbishment will take.
When selecting a professional remodeling contractor, it is crucial that you have a written contract. This document will outline everything that is expected of all parties involved in the remodeling project. The terms, conditions, and clauses included in the contract should protect both you and the contractor.
Prior to signing, read the contract in its entirety very carefully. Be sure to clarify any parts you don’t understand. Do not skip over the fine print, as this may be where your rights involving recourse or compensation in the event of a problem are revoked. Do not sign until you are happy with all parts of the contract.
A Few Final Thoughts
When completing a home renovation project in London, patience is key. If, after going over your proposed projects and budgets, you don’t feel like you can accomplish everything, you may want to scale down your project or put it off until you have saved up a bit more money. Do not go into unnecessary debt for an expense that may or may not provide a return on the amount you spend.
Finally, prevent costly mistakes. A renovation project that is completed too quickly or is under-budgeted can devalue your property by adding little to no value to your home’s fair market value. This is not a mistake you want to make!