Factors to Consider Before Undertaking a Home Renovation Project - Discover Tribune

Factors to Consider Before Undertaking a Home Renovation Project

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Whether you have bought a new property that requires a complete renovation, or perhaps you are thinking about updating your current home, there are many factors that need to be taken into consideration before you embark on your home renovation venture. 

This article will highlight some of the main things you need to consider before you start a home renovation project, offering a guide to help you increase the value of the property and to help make you aware of some of the challenges you could face along the way.

What to consider before you start

One of the most crucial things you need to establish before you start your home renovation project is your budget. Without a clear idea of how much you can spend on the work you are about to undertake, you can soon find yourself facing spiralling costs that can get out of control. Set yourself a budget, with a little bit of room for any complications that could arise and try your best to stick to it. 

Setting a timeline for your project before you undertake any manual work will also help you keep your renovation on track, as clear goals and a clear timeline will make the process run a lot smoother. Having plans in place will make it easier for you to take the project one task at a time, or help you juggle multiple tasks without feeling overwhelmed.

You’ll also need to figure out if you need to hire professionals to help you in your renovation, or whether the work you need to undertake is something you could manage on your own. Many people have experience in smaller DIY jobs such as decorating and updating fixtures and fittings, but if you have more substantial plans for your project, it’s wise to think about hiring professionals to undertake any major construction work. 

What renovations can increase the value of a house?

Renovating a house doesn’t always mean that you have to tear the property back to its shell and start again. Sometimes there are smaller, easier renovation tasks you can take on which will increase the value of the property without the need for excessive work or manual labour. 

Decorating, landscaping or general repairs around the home can hugely increase the value of a property with very little effort. If you have tired or worn fixtures or fittings in rooms like bathrooms or kitchens you could look to update these without having to renovate the room in its entirety. A new fixture or a fresh lick of paint can help freshen up a room and breathe new life into it. 

However, if you have the capability, then looking into extensions or conversions can drastically increase the value of the property, but this is something you would need to pay a professional company to complete. 

Challenges you could face

No matter how much effort you put into carefully planning your renovation project, it’s rare that you won’t encounter some sort of problem along the way. 

Some of the building work you could have done at the property could be below standard, which can result in unforeseen costs and delays to the project. For example, damage to a cavity wall could leave you with unexpected financial consequences, so you could look into making a cavity wall insulation claim to help recoup some of the money you have had to lay out as a result of sub-par building work.  

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