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How to approach a home renovation

By Andrew Bell

At the beginning of a home renovation project, it can seem overwhelming to figure out what the right approach is. What is the right choice for your long-term goals? Who are the right contractors? When is the right time to begin the project? It's might seem difficult to know exactly where to start, especially if it's a big renovation that might take a considerable amount of time. Here are some of the best tips on how to get ready for a home renovation project.

Create a budget

There are many different kinds of home renovation projects that someone can embark on, so picking the right one is important. One of the most important things to consider is how much money you have to spend on the improvements. Creating a budget right from the start can help inform many of your choices along the way. The more money that you have to put into renovations, the higher the value of the real estate investment should be. Here is an average breakdown of the cost of some of the most common home renovation projects:

  • Kitchen: $25K-$50K
  • Bathroom: $15K-$30K
  • Living room: $10K-$15K 
  • Bedroom: $2K-5K

There are less costly ways to improve your home, like painting the exterior or adding some additional landscaping to the front or back yard. Either way, you should put together a realistic budget to work with.

Set a timeline

Before getting started, it's important to know how long the project will take. Some home renovations are less extensive than others, but for some of the bigger ones, you may need to make accommodations. For example, if you are interested in renovating your kitchen, you'll need to know how long that area will be out of commission so that you can make food arrangements.

Regardless of the circumstances, there will need to be a deadline. Setting time restrictions before getting started on your home renovation project is important. Whether you are attempting to do this yourself or are considering hiring experts, making sure that everyone is on the same page when it comes to the timeline for the project will help things go much more smoothly. That way, your family and the contractor can plan accordingly.

Know when to hire

Some home renovations can be done yourself, but others are better when they are done by professionals. DIY projects gone wrong can end up costing more money in the long run, which can be avoided by contracting the work. If this is your plan, you need to do your research to find the right person or company that can get the job done the right way, the first time. You can do this by looking at reviews online, getting word-of-mouth recommendations from friends and family, or speaking to a company you're interested in to see if they have a portfolio of their work that you can see.

Renovating your home can increase its value and make it a more comfortable place to live. If you are interested in selling your house or buying a new home, reach out to Ray White Surfers Paradise today to get started.

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