Whether you’ve purchased a property to renovate for profit, or you intend to make it your ‘forever home’, renovating is a monumental task. First, you need to decide what you want out of your home renovation. Come up with a few home renovation ideas, and let the big picture guide your decision-making process. Here are some important things to think about before you start planning a renovation:
Set your renovation goals
Before you begin ripping down walls and stalking home stores, it’s important you know what you want to achieve with your home renovation. If you’re renovating to stay put, think about how many bathrooms and bedrooms you may need further down the track. Especially if you plan to grow your family. Adding one more bedroom or bathroom to your renovation plans may just save you from tearing your hair out further down the track.
Then again, if you’re planning a renovation purely to elevate the value of your property, talk to a local real estate agent. Ask what sort of properties are sought after in the area and what you could do to improve your home.
Get your renovation development application in order
The extension of your property or a home renovation may require a development application. An important step in the renovation process, it’s often one that’s missed, especially by DIY-ers. Our advice is don’t sit back and guess the approvals you might need. Find out for sure by contacting your local council, state planning authority, or a consultant town planner before you get too far into your home renovation plans.
Budget for your home renovation
Before you put pen to paper and start budgeting for your home renovation, you need to remind yourself to be realistic about how much you can afford. Make sure you contact at least three different builders for quotes. Get them to be clear about what their quotes do and don’t include. If you don’t have much cash saved up, and you still want to go ahead with your home renovation, there are ways to go about it. The first step, talk to your bank or financial advisor about extending your current home loan, refinancing your mortgage, or getting a construction loan. Once you know how much you can borrow, you can start planning your home renovation!
Purchase top-quality materials for your home renovation
There’s no point spending your hard-earned cash on a beautiful big renovation only to install poor-quality materials and fittings. Good-quality materials will extend the life span of your home and could also save you money in the long run. Before you begin the home renovation process, think about factors such as sustainability and environmental impact, structural capability, thermal performance, sound insulation and fire, vermin, and moisture resistance.
Now you’re ready to talk about your home renovation with an expert
When it comes to home renovations and new builds, BFC Building Group and BFC Kitchens is the name locals know and trust. Family-owned and operated since 2005, our professional builders, carpenters, and tradesmen are committed to providing our clients with world-class building services at a competitive price. Check us out online. Or come in and see us at 9 Templemore Street, in Young. We can arrange an obligation-free quote right away!