There are loads of different reasons why people choose to renovate their house. Maybe you bought your dream house in a perfect location but in order for it to truly feel like home it needs doing or maybe after many years, you feel like you are ready for a change that will make you fall in love with your house all over again. Either way, remodelling your home often seems like a great idea but people often forget that it can be a very stressful and expensive affair. That’s when it is useful to have a few tips and tricks up your sleeve that make renovating easier and might save you some money.
Know exactly how you will finance your renovation project. If you don’t have the cash right now then you can make use of tools that can help you figure out a way to finance the remodelling of your four walls. One of those is Totally Money’s ‘Cheapest Ways to Borrow’ tool. It can give you advice on the cheapest way of borrowing money and the length of time it will take to pay the borrowed sum back. That way you can plan your renovation efficiently. Smaller renovation works could be cheaply paid off if you take out a 0% interest credit card and pay the money back before the 0% period runs out.
Having a well thought out plan of what exactly needs doing is very important if you want your renovation to be as fast and inexpensive as possible. Don’t delay decisions but know what you want beforehand. For this you should find someone who can talk you through what needs doing. You should get in as many quotes as possible and settle for the best value for money offer, which might not be the cheapest option. Get recommendations from the builders you are considering to use to make sure that previous customers were happy with their work. There is nothing more infuriating than a botched renovation job. Make sure that you have a written agreement that states how long the work will take and how much it will cost. Pay once all the work is completed.
Renovating for Resale
If you are planning on renovating the house to get a better price for it when you resell it, you should make sure that you don’t put more money into the project than you will get out of it. Focus on selling points such as turning the front garden into a parking space. In congested areas this can add up to £5,000 to the property value. The hallway is another important room. This is the first room potential buyers will enter and it should make a good impression. When renovating in order to sell, make sure you pick classic and elegant colours and designs to appeal to more people.