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Renovating Your Home? Here's What To Expect
Home renovations can be daunting, especially for those who have a little experience in the area. However, when done properly, renovations can add a lot of value to your living space and give you the opportunity to tailor it to meet your individual (and family) needs and wants. Or you can fix it up to rent it out! No matter your end goal, Superior Remodeling wants to help you get started strong. Let’s take a look at what you should expect when renovating your home!
Weighing Different Projects
One of the first things you’ll need to do is decide which renovation projects you want to tackle. This might involve getting an entire room or simply painting a wall. Do some research into different projects and consider factors such as cost, feasibility, and time investment before making your decisions. You also want to ensure that each project will bring something unique and valuable to your home because boosting your property value is critical if you plan to sell down the road. But you also want your renovation to improve your family’s quality of life in the near future.
If you are considering renovating your kitchen or bathrooms, contact the pros Superior Remodeling. They are experts in these two areas and will help you get the room of your dreams.
Building a Multi-Purpose Room
If you’re looking for a way to maximize the efficiency of your living space, consider creating a multipurpose room, such as an office/guest bedroom or playroom/library. These rooms offer flexibility and convenience while allowing you to make use of every inch of space in your house without sacrificing comfort or style.
Making a Home Office
Another option for building a multipurpose room is to design a home office that doubles as a spare bedroom. To make this project work, Living in a Shoebox explains that you’ll need to invest in multi-functional furniture to optimize space. You can never go wrong with a storage ottoman, built-in shelves, a sleeper sofa, and a full-length mirror! While you’re at it, see how you can bring a bit of extra natural light into the space.
You can also save space by digitizing your filing system. Then, you don’t have to worry about paper clutter or clunky filing cabinets. There are plenty of low cost scanners or even apps that make going digital easy. Then, you can get organized by using a PDF merger to combine related documents into one. For instance, you can combine the warranties, permits, receipts, and notes for your kitchen remodel into one easy to find file. Just place the files in the drop zone, organize them, and select Merge!
Creating a Financial Plan
Once you figure it out which projects you’d like to take on, it’s time to create a financial plan for how much money you will spend on each task., explains Monday Make sure all the costs are accounted for — including materials, labor, taxes, and permits — and set aside extra funds in case any unexpected issues arise during the renovation. Also, try to stay within the budget so you don’t overspend!
Seeing your space through a contractor’s eyes can also help you to get a better idea of renovation costs. Try out the same software they use to get estimated costs and understand the space you’re working in. If the goal is to generate construction takeoffs, then this software will help you generate them quickly and easily. Then, you can move forward with a good idea of how much a given project will cost, and you’ll know if a contractor tries to gouge you on prices.
Using a Renovation for Revenue
You don’t have to sell your house to see the financial benefits of a renovation. Consider renting it instead! Many people invest in real estate because it is profitable. You could choose to fix up your current home to rent while you move into a house better suited to your needs, or you could buy and flip a house in need of some improvements. Whichever you choose, look carefully at the numbers before investing.
Setting a Timeframe
Renovations will always take longer than expected (well, nearly always), so it’s important that you set an estimated timeframe during which each project should be completed within reason. Don’t set yourself up for failure by trying to do too much work in too short of time. Keep in mind that certain permits may require specific timelines, depending on where you live; you’ll want to check the local regulations before getting started.
Investing in a Home Warranty
A home warranty is a type of insurance policy that covers repairs or placements of major appliances and systems within your home if they break down due to normal wear and tear (as opposed to homeowners insurance, which usually only covers damages from accidents). Investing in one can save you thousands of dollars in repair costs down the line, so it’s something worth considering when planning out your renovation budget. Allocating money for the cost of a home warranty could bring you peace of mind throughout the entire renovation process.
Staying Safe During a Renovation
Last but not least, safety should always be the top priority when doing any kind of renovation or construction work in or around your home. Ensure all proper safety protocols are followed at all times, including wearing protective gear, following manufacturer instructions, and remaining aware of potential hazards. And if there are children present, Healthy Children reminds you to keep them away from any dangerous tools or equipment.
Make a Plan and See the Rewards
You might be excited about your upcoming renovation, but you also need to plan carefully if you want it to go smoothly. Consider designing a multipurpose room or home office, devise a detailed financial plan, invest in a home warranty, and follow the other guidelines in this article. Doing so will ensure that your renovation is successful and adds value both financially and aesthetically!