Renovating a home can be a bit of a
challenge. The thing to remember is no two renovations are the same, so
assessing what needs to be done is very important. The first thing is to be
very realistic about the job and assess how much time and money is going to be
needed. You also have to decide how skillful you are at DIY jobs. If you are
not that good then you will have to add a lot of labour costs on top of the
materials as well. If you intend not to do any DIY at all, then make sure you
get plenty of quotes before you purchase the property.
Many people guess what they think things
would cost, they purchase the property then after getting the quotes realize
the costs maybe double what they thought it would be. This then makes the
refurbishment a loss leader. If you own your own home and there are several
botched jobs there that you have done or several that you said you would finish
but never got around to doing it, then thinking of doing a renovation yourself
would probably not be a good idea.
Renovating a property yourself does
take up a lot of time. If you have a full time job and you are expecting to
work evenings and weekends on your project, you have to remember things usually
take double the time than you thought. If your project is not near your home
then travelling time will have to be taken into account. This could rob you of
maybe an hour of your working time at the property especially as you will have
to probably have to change into your working clothes as well. So be realistic
about trying to do a lot in the evenings after work. Many renovation projects
are other peoples projects that has been started and not finished. These people
started with all good intentions, then discovered how much time it would really
take them and then gave up.
Financing can be a problem if you do
not get your figures right to start with. Underestimating the cost of a project
can result in the property being left unfinished for months on end while you
are raising the rest of the finance. This could be harmful to your overall
profit margin if for instance you are paying a mortgage each month on the
project.
Another important factor is accessing
if there maybe further work to be done than originally thought. Sometimes once
wallpaper has been removed you may find plaster underneath is not as good as
originally thought. Paying for re-plastering can be quite expensive so have a
contingency fund ready for any unseen costs.
Get Free Quotes From Selangor Top Renovation Companies…Call 012-2988560.
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