Performing home renovations, extensions and upgrades are right up there alongside the great Australian dream of homeownership itself. Aussies love to renovate and remodel their own homes, or homes they purchase with the intention of selling for a profit.
For many Australians, doing a “reno” has become a bit of a hobby, something to do in their spare time and offering a sense of achievement once it’s complete.
With successful renovations in mind, this article offers some top tips to help make sure you adequately prepare, so your home renovation results in total satisfaction and a job well done.
#1 – First Do Some Research
To get firm ideas for your home reno project, first spend some time doing some research and jotting down those ideas. Looking at images online, visiting the homes of friends and relatives and even browsing home improvement stores will no doubt offer you a wealth of information to get those creative juices flowing.
Without the help of visuals, it can be very difficult to clearly envision your ideas when it comes to remodeling kitchens. You can consider hiring professional interior design companies in Toronto to help with this phase and the next on this list.
#2 – Draw Up a Plan for Your Renovations
Now that you’ve dreamed up some ideas and you must consult with an expert house renovation contractor for your interior design, it’s time to draw up a plan for your home renovation project. This step is just as important as the renovation itself. You may even want to bring in an architect.
Your plan won’t just include a layout of what your new rooms will look like, but should also include a to-do-list of things that have to get done and when. Also, add an approximate timeline for each phase, so you have something to keep your project on track.
#3 – Create a Project Budget
You now know what you want and you have some plans drawn up. Next, you’ll want to figure out how much this renovation project is likely to cost overall.
You should be able to fairly accurately price materials and fittings by checking out the prices in store of what you need to buy. This pricing should include the more expensive items as well as all of the small stuff such as glue, screws and everything else you will need. You’ll also need to factor in the cost of tradespeople, as you mayl need to at least hire a plumber and an electrician to do some of the work.
Once you feel like you’ve covered everything, add a further 10% to the total as a buffer to cover anything unexpected.
#4 – Apply for a Home Renovation Loan
If, after working out a budget you find you don’t have enough money on hand to complete your remodelling project, you may want to consider applying for a Home Renovation Loan.
When it comes to Home Renovation Loans, Australia has loads of lenders to choose from, offering a variety of finance options to suit home renovation projects.
One thing that can stall home improvements is lack of money or cashflow. It’s also the deciding factor regarding the extent of renovations and ultimately the quality. With the funds available from a loan, you can complete your project exactly how you envisioned it and with total confidence.
#5 – Organise Tradespeople Well In Advance
Unless you’re licensed, you cannot perform your own plumbing and electrical work, so you’ll want to lock in some tradies well in advance to ensure they can be there when you need them. Have a couple of backup tradies in mind, just in case your first choices can’t make it for whatever reason.
#6 – Living Arrangements During the Renovation
Depending on the extent and timeline of your renovation, you might need to make alternate living arrangements for some or all members of the household until the project is complete. Remodelling kitchens and bathrooms can be very disruptive, and even more so if the entire home is undergoing renovation. Plan alternative accommodation well in advance.
If you plan things out, properly prepare and apply for a Home Renovation Loan if necessary, there is every chance your home renovation project will be completed on time, just the way you envisioned it would look.