Whether you are planning to renovate your own home in order to upgrade it and increase its value, or you are renovating a home with a view to selling it on for a profit, there are a couple of key things that you need to know before you begin.
Get a Property Survey
The first step in renovating a property should always be getting a property survey. This will give you a report that tells you everything you need to know about the home, how it is constructed, and the condition it is in.
A property survey will alert you to any structural weaknesses or other issues that might affect your plans for renovations. In many cases, this survey will be undertaken before the building is purchased to ensure that it is actually up to the advertised standard.
How Old is the Home?
If the home you are going to renovate was built prior to 1978, you will need to have Lead Renovator Certification. This is required if you are to perform any renovation, repair, or painting work in a professional capacity on any building built prior to 1978. If you need to obtain this certification, you can find the course over at Zota Professional Training.
Equally, if you are hiring a contractor to do work on a home built prior to 1978, you need to make sure that they are qualified to do the work. Using unqualified contractors will almost certainly render any insurance you have completely void, so don’t take the risk.
Don’t Expect Perfection
When you are buying a home for renovation, the ultimate goal is to raise its standards. In the majority of cases, you will have to bring it up to a basic standard before you can move on to the main renovations. Don’t be afraid of this.
If you are renovating a home for yourself, then obviously, feel free to raise the standards. However, if you are renovating a property with a view to selling it, then in holding out for something that meets your impossibly high standards, you might end up missing out on some real bargains.
Pay Attention to the Key Areas
The kitchen and bathroom are the two most important rooms in the house. They are the most expensive and most difficult to carry out extensive renovations on, and so they should always be given the highest priority.
That’s not to say that you shouldn’t be prepared to make changes to both. But it helps enormously if you have something good to work with.
After those two rooms, the next most important thing is the stairs. The stairs are even harder to fix so in most cases you probably won’t want to.
In addition to the above, make sure that you are realistic in your budget. You should set a budget that leaves some headroom for unexpected expenses. Steel prices have been fluctuating recently, for example, which has affected construction work across the US. Make sure you can pay for everything you want to do plus the cost of fixing the problems most likely to occur.