Welcome to our very first blog post! Thanks for coming and we hope you learn something.
To get started we thought we’d offer you three simple steps for getting organised.
What is your renovation goal?
- Are you intending to update your investment property to achieve a higher rental return?
- Are you intending to rejuvenate an older property to achieve a greater sale price?
- Do you want to beautify your own home to suit your individual taste?
Remaining clear about your renovation intention will go a long way to keeping you on track.
What is your renovation budget?
Renovation expert Cherie Barber says:-
The general rule of thumb is that your renovation budget is 10% of the total purchase price. So for a $300,000 house you should have a $30,000 budget for the renovation.
Each house offers unique renovation circumstances, however, it is wise to remember Cherie’s simple formula for remaining realistic with your budget.
What is your renovation time frame?
Nobody wants a four week renovation to blow out to four months or more do they?
Will the property be vacant during the renovation?
Are you aware of which trades people will be required and in what order?
This simple checklist is a reminder of areas which may require attention:-
- Kitchen resurfacing, remodelling or replacing – make this decision first so that all other trades can work around this timeline. New kitchens can blow out the schedule so make sure you control this as much as possible.
- Electrician – downlights, power points, RCD’s, smoke alarms. Engage the electrician before the painter commences as you don’t want him cutting holes in freshly painted ceilings.
- Painting – indoors and out. Be aware of weather conditions when planning exterior painting
- New floors – it will be quicker and easier for your painter if the new floors are installed after the painting is completed
- Landscaping – this can be carried out at any time throughout the renovation as it generally doesn’t interfere with the other trades
- Plumber – generally last. The plumber will connect your new kitchen appliances and the beautiful new taps you bought to modernise your bathrooms, laundry and kitchen sink
- Don’t pay retail! Scour online sites such as gumtree, ebay, graysonline for purchasing hardware and appliances. And don’t underestimate the garage sales in your own local area
- Detail the scope of works for trades quotes. Providing trades people with a written list of the required work will alleviate any mis-communication and costly extras
- Have fun!
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