Continued from May 8…
4. Don’t become a home reno horror story
When you put your home into someone else’s hands, you want to make sure they’re reliable and qualified to do the job right. We’ve all heard the horror stories of bad contractors who go MIA, take shortcuts or charge double the original estimate.
There are a lot of great contractors out there, but there are some that can overcharge you for substandard results. Be sure to shop around for contractors, ask for references and do your research before signing anything or handing over any money.
While you’re planning for your renovation project, don’t forget to establish a contingency fund to cover unexpected issues and costs. Newer homes may have fewer issues but they are not exempt, and older homes are guaranteed to have issues that will set you back or change your course of action, so be prepared and don’t be shocked when they arise.
5. Consider your project’s return on investment both in monetary return and enjoyment
When talking home renovation, a key factor to keep in mind is its return on investment. Even if you’re not planning on selling your home in the near future, you’ll want to consider how a renovation project may affect your home’s value.
Kitchen and bathroom renovations always top the list for popular home improvement projects that offer the best ROI. Also, adding insulation to areas with limited or non-existent insulation is always a good investment since making your home as energy efficient as possible helps keeps more money in your pocket.
You don’t just have to tear down walls or build an addition to yield big returns. Small upgrades in design and decor can make your home more functional, welcoming and comfortable. It adds to your enjoyment of the space and that’s valuable too.
Updating plumbing fixtures, light fixtures and even door/cabinet hardware can drastically improve the look of a room. Updating outdated or worn flooring can also have a great return on investment, as it too can drastically improve the look and feel of a room.
6. Limited budgets don’t always mean small-scale reno projects
There are plenty of home renovation projects you can start even if you’re working with a smaller budget. Consider tasks like applying a fresh coat of paint, installing new mouldings, changing a kitchen backsplash, refacing cabinets or upgrading doors, knobs and hardware.
If you’re willing to tackle it yourself, money saved on hiring the project out can be used to buy nicer finishes and better-quality materials. Just be sure you’ve done your research, know what you’re doing, and the project doesn’t require a licensed trade to perform.