Making substantial changes to your home with a renovation is an excellent way to increase its value and derive more pleasure from the place where you live. But if you’re not careful, the experience can be turbulent, with the commotion of contractors in your home and the stresses of potential cost overruns.
However, if you’re smart about your renovations, you can make some easy changes that can translate to saving money! That’s why you need a solid plan in place to make sure that your home’s transition is orderly and under control. Read on for some important tips that will make your renovation smoother.
Get Real Professionals on Your Side
There are ways to make your living quarters look and function better with small tweaks, but when you’re substantially altering the major components of your home, you need to engage people who know what they’re doing.
Thankfully, you don’t need to hire the most expensive builders out there. You can hire general contractors in Toronto that are experienced and totally vetted, without having to go through a major building company.
Now, you can contact experienced renovation advisors who will identify the most suitable contractor for your kitchen based on all your needs, out of up to three quotes from competing contractors. It’s a turnkey solution because all you’ll have to do is opt for the advisor — at no extra cost or obligation to you — and they’ll not only find you the best contractors for the job, they’ll be with you through every phase of the renovation.
Plan for Cost Overruns
There are all kinds of reasons why even the most organized and budgeted renovation can cost more than expected. Perhaps a wall was taken down, and it turns out there’s wiring behind it that requires extra time to deal with.
As a rule of thumb, assume you’ll go over initial budget estimates by about 10-15%, and plan to have money available in case you do.
Allocate Money Carefully
When you get deeper into the nitty-gritty of a budget, each element of your renovation has to be itemized and tracked. Have a cost-by-cost breakdown of each component of each room, and follow up as you go, to make sure each element is priced within budget.
Write Everything Down
Renovations can be complex undertakings between multiple parties that may cause homeowners to feel stress, so to ensure that you keep everything sorted in your mind, write important things down on paper. Mistakes happen, and sometimes people hear things incorrectly.
If you write everything down, you’ll have back up support you may need later. For example, if you order a bathtub and the wrong sized tub ends up being delivered, if you wrote it down you’ll have proof it was, in fact, the wrong size. Writing down details, prices, warranty details and more can save you big headaches and money during a renovation.
Home renovations are an exciting way to transform your living quarters and improve what is likely to be your biggest financial asset. Just keep the above tips in mind, and your renovation will be swift and orderly.
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