Homeowner appetites have been changing in recent months, as an unprecedented housing market boom gave way to uncertainty regarding progression on the property ladder. Many would now prefer to renovate their existing home to suit their needs than to re-join the property search. Renovating your home is not an easy task to undertake, though. What considerations should you be taking when planning to invest in your home?
What Should You Renovate?
You will be undertaking a home renovation for a specific reason – be it increasing the market value of your home or improving your quality of life. Either way, you’ll likely have some pre-conceived notions regarding introducing specific new features or conveniences. But before you make any in-roads to arranging renovation work, you should consider the totality of your project.
A holistic approach to renovations can result in listlessness, and a budget spread too thinly; targeting your renovation works to certain key areas can maximise the effects of your renovation. Even if your primary aim is to make yourself and your family more comfortable, there are ways in which you can achieve the same result while also increasing equity in your home – for example, with the construction of an additional bathroom or bedroom.
Funding Your Renovation
Of course, any renovation can quickly become a costly endeavour – especially when major works enter into the equation. With a more exact idea of the work you’d like to undertake, you can pull in quotes and build a budget for your overall renovation project. While the temptation might be to limit the scope of your work in the face of a larger budget, you could instead seek help with funding by using a home improvement loan. The cost of the loan would be more-than offset by any increases in property value, allowing you to think bigger without reducing your wealth.
Choosing the Right Contractor
Of particular importance when considering larger renovation projects, whether room alterations, extensions or loft conversions, is selecting the right contractors for the job. For starters, you should only ever hire contractors based on your own preliminary research, including online reviews and any word-of-mouth endorsements. Contractors that reach out to you via your doorstep or via cold call are unlikely to meet your expectations in terms of quality or budget. You may also want to choose different contractors for different jobs, depending on their niche areas of expertise.
Designs to Suit Your Home
Lastly, you should turn your attention to the aesthetic ends of your renovation projects. A kitchen renovation might include the installation of a completely new set of kitchen units; what kind of units would best suit your home’s overall style? Smaller considerations can also be made here, with regard to colour schemes and tiling choices for backsplashes and bath surrounds alike.
© Copyright 2022 Antonia, All rights Reserved. Written For: Tidylife
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