As every homeowner who’s been through this kind of project can tell you, a home renovation can be a seriously big deal. This is particularly true for homeowners who are planning large scale renovations to their home that require full-on extensions and substantial construction work to the property. If you’re considering making some major changes to your home this year, make sure you have these crucial things.
An Experienced Contractor
Unless you have the extensive skills and equipment required to do the job yourself, chances are you’re going to need an excellent contractor on board to take charge of the renovation itself. This isn’t a decision to be taken lightly. You’ll need a contractor with experience doing the type of work you want done on your property, plenty of great referrals, contacts with services that can provide them with construction laser hire and all the other specialist tools needed to get the job done perfectly, and a team of hard workers who can confidently get the job completed on time. It may seem less significant, but we’d also recommend that you choose a contractor who you feel you have good personal rapport with and can trust.
A Cautious Contract
Once you’ve found a builder or contractor that you feel comfortable working with, sit down and draw out a contract that you feel 100% confident suits your budget and needs. Your contractor will draw up a contract that should cover every detail of the renovation process, from the working hours and timeframes to the details of insurance coverage should any problems or accidents occur during the project. Have a lawyer look over the contract before you make any final decisions, especially if you’re looking at a large and expensive renovation project.
When renovating your home, try to think beyond the scope of, ‘what features would look nice in my house that are currently missing’ or, ‘what would make my home more comfortable?’ Though these are important questions to ask and will lead the way in some of your renovation plans, you should also think more long-term about the future of your property from both a financial and an environmental perspective. For example, if you’re hoping to sell the property on in the future and make a substantial profit from the investment, then you need to plan your renovation carefully to ensure that each change is doing something to improve the overall value of your home. When it comes to being future-focused, it’s also crucial to remember that buyers are becoming increasingly interested in eco-friendly features. By investing in renovations like increased insulation and improved climate control in the home, you’re going to be saving yourself money on energy bills while investing in factors that could become increasingly important to buyers. This is where investments like solar panels can make a major difference.
We know how tempting it can be to take out loans in order to fund an expensive renovation, but most financial advisers recommend waiting until you can truly afford to pay to start making big changes to your property. If you’ve got a little money saved up and you want to start improving your property, you can always start small with minor renovations and work your way up as your financial standing improves.