Home renovation projects, big or small, can be both exciting and stressful for homeowners. Exciting because it allows you to refresh and update your living space, while stressful because it involves a significant amount of planning, decision-making, and financial commitment. Whether you’re planning to renovate your kitchen, bathroom, or entire house, it’s important to keep in mind several essential factors to ensure your renovation project is a success. Here’s a step-by-step guide on what to keep in mind when planning a home renovation.
Set a Definite a Timeline
Before anything else, it’s essential to establish a timeline for your home renovation project. This timeline should include deadlines for when you want each phase of the renovation completed, including ordering materials, demolition, construction, and final touches. Establishing a timeline eliminates guesswork, helps you stay organized, and ensures that everything runs smoothly.
Find Contractors With a Home Management App
Using a home management app can save time and reduce the stress of finding reputable contractors by providing homeowners with access to a large network of vetted professionals with reviews and ratings, enabling them to compare prices, schedules, and services that fit their home renovation needs. Consider an app like Frontdoor for home repair & maintenance.
Plan and Set a Budget, and Leave Room for Overage
Next, you need to plan and set a budget for your home renovation project. Determine how much you’re willing and able to spend, and allocate funds to various parts of the project. As a rule of thumb, set aside at least 10% of your renovation budget for overage, in case unexpected expenses arise. Always ensure that you’re transparent about your budget with your contractor or designer and that you stay within your budget constraints.
Apply for a Home Improvement Loan
If you don’t have enough cash saved up for your home renovation project, you can apply for a home improvement loan. These loans are designed for homeowners looking to renovate their homes, and they come in many different shapes and sizes. Look for reputable lenders, compare interest rates and terms, and ensure you understand the terms and conditions before signing any paperwork. A home improvement loan can provide you with much-needed financial flexibility and peace of mind.
Account for Your Living Situation
It’s vital to consider your living situation when planning a home renovation project. Will you be able to live in your home throughout the renovations, or will you need to relocate temporarily? If you decide to stay in your home, determine which parts of the house will be affected, and plan accordingly. You may need to consider alternate living spaces, such as setting up a temporary kitchen or bathroom, to ensure minimal disruption to daily life during the renovation.
Prepare for Delays or Problems
Anticipating delays or problems in home renovations is crucial to avoid excessive stress and expenses. Homeowners should carefully plan their renovation projects, consider potential challenges, and work with experienced contractors. It’s important to have realistic expectations and prepare for unexpected setbacks to ensure the renovation process runs smoothly.
Stay Organized by Digitizing Documents
During a renovation project, it’s essential to keep all your documents organized. Digitizing home renovation documents can help homeowners keep track of important records, including contracts, receipts, and warranties, in a secure and easily searchable format, reducing clutter and the risk of losing crucial information while facilitating future renovations and resales for their property. This will help you stay on top of your renovation project and ensure everything runs smoothly.
Planning a home renovation project can be an exciting experience with the right mindset and tools. By following the steps outlined in this guide, you’ll be able to navigate the process like a pro and ensure that your renovation project is successful. Remember to establish a precise timeline, budget accordingly, and be transparent with your contractor or designer to stay on track. Apply for a home improvement loan if necessary, account for your living situation during the renovations, anticipate delays or problems, and use a home management app. Finally, keep your documents organized throughout the renovation to ensure an easier experience. With these tips, you can turn your dream home into reality.
Planning to put your home on the market after you’ve finished renovations? Let Cribbin Realty help you find a buyer quickly. Get in touch today!