The Smartest Way to Plan Your Renovation

Plan your renovation with the right tactics to get the best results. However, before you start imagining what color to paint the living room or what the kitchen layout will be, you have to go over some crucial steps. The following steps are designed to make sure that you don’t get overwhelmed early on in the process.

If you’re in the beginning phases, you are in the right place. We invite you to continue reading to learn some helpful steps to plan your renovation for the best results.

Plan Your Renovation With These Easy 3 Steps

Step 1: Do Your Research

The internet is your friend right now. Use it to look up as much as you can about the renovations that you’re hoping to get done. Look for important information like home improvements that add the most value to your property or the improvements that end up wasting the owners’ money in the long run.

Also, use it to get a better vision of what you’re looking for. Then, collect pictures and videos of the styles that you like. Did you spot a sink that you think would be perfect for your future kitchen? Bookmark the page. Did you see a bathroom design that you’d like to copy? Print it out as a reference.

This is a useful maneuver for couples who plan their renovation together. Miscommunications can lead to tense arguments or resentful feelings. Showing your significant other examples will make it easier to explain what you want.

Step 2: Make a Budget

Never skip this step because renovation costs will add up, and you need to know that you’re capable of making those payments.

Start by calculating how much you have set aside for this big endeavor. Then, divide that sum into different categories.

So, if you want a complete overhaul of the basement, you would allocate a substantial amount of the budget to that goal. And if you only want to re-paint your home office, then it only needs a small fraction of it.

Step 3: Add More Room to the Budget

Going over budget is a very common problem. How you fix it depends on why you went over. If an unexpected emergency issue takes your reno hostage, you can always click here to see how you can get money when you really need it. This includes renovation disasters like finding a big pipe leak or spotting mold behind those basement walls. However, this money should only be used to help you tackle unexpected emergency repair, not to boost your reno budget.

A personal line of credit is sometimes a solution when you have to make these fixes, but your budget is empty. It’s not ideal, but it’s a safety net that you may be able to turn to.

If you want to avoid this common renovation mistake, set aside 10% to 20% of your budget for these emergencies. This way, if you encounter an extra fee or an unexpected roadblock, you’ll be ready to cut the check and move forward.

You may have to make room in the budget by sacrificing some of your plans. Cross a project off of the list or choose more affordable materials to get enough financial padding.

Think of your renovation plans like a house. You need to start with a solid foundation before you can think of the fine details. So, start building the foundation of your renovation plans first. Do your research, make your budget and prepare for any problems ahead of time.

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