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Home Renovations – Tips before You Begin

Updated on February 17, 2015

In case you want to renovate your investment property or your home, you should follow these steps:

What is your scope?

Renovations can really get out of control. Thus, it is very important to outline the scope. In case you want to renovate your bathroom, then make a list of all the affected areas: new wall tiles or toilet or renewing the flooring, tub, cabinets, lighting, fixtures and plumbing.

A little piece of advice: a renovated area is going to make the old area look bad. If your budget allows it, renovate the entire room. This procedure is less time consuming and less expensive than re-renovating.

Make a floor plan

It’s important to draw your floor plan. A sketch is good; you don’t have to create a professional illustration. For instance, for your basement, you can present the closets, bathrooms, furniture, shelving, bar, lightning, fireplaces and interior walls.

Take into consideration the plumbing rough-ins’ location if you want to include a wet bar, a kitchenette or a bathroom. It might take a while to create the floor plan, but it will make things easier for your contractors.

Don’t forget about the budget

It’s crucial to create a budget and not to exceed it. Many people don’t think of money as an object. Yet, in my experience I’ve discovered that money is object, and a very important one.

You are the only one who can decide the budget. So, after contacting the contractors, you’ll see that your budget and your renovation ideas don’t match. So, if your budget is not flexible, your plans must be flexible.

It’s important to have a time frame

Some think that the time frame is extremely vital. The most important thing is to be realistic. When visiting the contractors ask them about the time frame of your project. Usually, their estimate must be increased by 30%.

In case the renovation is large, then you might need to live elsewhere for a while. Still, you must make sure that the contractors are allowed to use all the services and areas they need. A plumber in your kitchen while you’re eating your breakfast is not that pleasant. The experts need room to work.

After you have the budget, the floor plan and the scope, you can start getting estimates. The uninsured companies must be avoided. You’ll find numerous renovation companies that are trustworthy. In order to locate them, you can use the word of mouth / personal referrals, trade magazines, yellow pages and internet sites.

The renovator should see your floor plan. Also, you must tell him everything you want to do. Show him the area that needs renovation and ask what the time frame will be. Say nothing about the budget. First you must obtain 3 estimates.

The estimate depends on the material quality, the fixture prices and the material hardware and costs. For instance, the sink taps can cost $30.00, but they can also accost $3,000.00. It’s the same for the rest of the materials, fixtures and hardware. So, it’s wise to obtain an estimate based on the basic fixture and material costs. .

© 2015 Andreea Mihalache


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