In today’s housing market, a lot of homeowners are finding it difficult to upgrade their homes due to the rising cost per unit area. The best solution can be to remodel and update the existing home to make it more comfortable and attractive. Often, individuals who own homes may have a general idea of the appearance and layout they desire. However, renovating a preexisting residence entails various endeavours, which can be challenging for those who do not possess the necessary expertise.
Not everyone can visualise and execute the desired renovation project on their own. That’s where home renovation improvement specialists come into action. They help you organise your home, remodel it, and see its successful transformation. Home remodelling companies can be your valuable allies to transform your vision into a reality while adhering to local building codes and your budget.
Steps to Follow Before You Start Home Renovation Service
Renovating your home can be an exciting but enormous task. It requires proper planning to ensure that the project is successful. Regardless of the size of your home, renovation requires a lot of attention to detail. Setting yourself up with a clear renovation planning guide will enable you to have a seamless process while saving you time, money, and effort.
Here are a few essential steps to follow before beginning the renovation process.
- Set Your Renovation Goals
It is essential to know what exactly you want to achieve with the whole renovation process. It is essential to identify whether you are renovating to avoid moving or to increase the value of the property; depending on your purpose, the design should be implemented. If you are restoring an ancestral property, then there will be major structural issues and hence you need to allocate your budget accordingly.
- Organise Your Development Application
Generally, most property extensions or renovations require a Development Assessment/Application (DA). Depending on your local council, you might sometimes get fast-track approval from the council or from a private certifier to add a bathroom or even build a new house. Contact your local council or town planner to know about the necessary documentation and approval procedures.
- Be Realistic with Your Budget
Before beginning the renovation process, it is crucial to establish a budget.List the things that you want to include in your new home and expect to pay around 45-50% of the cost of the required materials, 30-35% on labour, and 20-25% on the fees, levies, or taxes. Remember to add additional costs to get council and storage permits. If you feel that you are short on cash, contact a financial advisor or the bank to extend your current home loan.
- Decide on a Design Style
You should decide on a design style that suits your preferences and complements your home’s existing features. Whether you want a modern look or a periodic feel, your design style will decide the internal/ external materials you choose for your floors, walls, doors, windows, and roofs.
Rather than deciding on one room at a time, think about how the entire place will look when put together. Visualise the consistent look that you will get once the renovations and furnishing are done.
- Stay on Track with Your Paperwork
Keep track of the costs and timelines and organise all the bills and invoices associated with your renovation project. To ensure the smooth running of the project, mark your calendar with the deadlines you need to meet. This will help you refer to specific dates if and when any issues arise. Build a 15-20% buffer into your budget to cover unexpected costs.
Before beginning with the work, talk to your home and content insurer. Many have exclusions for the water damage that occurred during renovations. If your home isn’t properly secured then your request might be suspended.
Pros and Cons of Home Renovation
Home renovation is a popular option for homeowners who want to increase the value of their property or personalise their living space. However, before embarking on a renovation project, it is important to consider a few points. Here are a few pros and cons you should know before beginning to renovate your home.
Pros:
- Increases the value of the property
- Cost-effective option than buying a new home
- Freedom to personalise your home the way you have always wanted to
- Allows you to expand your living space to suit the needs of your growing family
- Improves the look and feel of your home
Cons:
- Risk of overcapitalising: One of the most common mistakes that happen during renovation is what we call overcapitalising. Ideally, you should not be spending more than 10% of your property’s worth on renovation. If you are not planning to live in the house for more than 10 years, then you might be overcapitalising.
- Exceeding budget: You might end up spending more money on a home renovation that might not reflect on the value of the property.
- Necessitate renting another apartment: Depending on the extent of the renovation, you might have to rent a property elsewhere until the renovations are completed.
- Issues while selling the property: Making a lot of personalised design changes might not be attractive to buyers if you are planning to sell the house in the near future. This way, you might not get the money back that you have invested in renovation.
When it comes to renovating your home or office, you should always choose an expert company. With the help of our best renovation contractors, you will be able to personalise your space the way you have always dreamt of.
ASAC Property Group is one of the most trusted home renovation services providers in Australia. Our exterior home renovation specialists will help in transforming your housing dream into a reality. We know that home is where your heart is and creating a beautiful space to comfortably live with your family is a dream come true.
Being one of the best renovation contractors in town, we offer customised home renovation services to suit your needs and budget. Call us on 0421 646 880 or email us at info@asacpropertygroup.com.au to know more about home renovations.
