The renovation budget is one of the most important parts of any home improvement project. It is imperative that homeowners have a realistic expectation when it comes to how much their renovations will cost, and they should be prepared for potential surprises that could increase the price tag.
Thankfully, there are many ways to save money on your next renovation project so you can get started on creating your dream space without breaking the bank.
Initial step is to identify the specific goals and requirements of your renovation project. Once this has been done, you need to decide how much money you want to spend on these projects and what time-frame you have in mind. Do some research into different budgets before deciding what's right for you. Consider the financial implications of various renovation choices such as whether the new room will generate more value than what it costs and how long it will take to recoup the cost from increased rent or selling price.
Determine what you want your finished product to look like and identify potential renovation costs by researching similar projects or talking with contractors about their rates and fees. Do your own estimate with material costs based on the design and style of your choice, which will ultimately be included in any estimate given by contractors or subcontractors.
So now that you know the basics, it's time to start thinking about your goals and requirements. What do you want from this renovation? Do you plan on renting or selling your property after a few years? How much money are you willing to spend on these projects in total? These questions will help determine how long it will take for your renovations to pay off financially. If all of this sounds intimidating and if financial considerations seem more than daunting, let us know! We at RENOLINX are here to provide expert advice so that when the dust settles, we'll have helped create a budget‐friendly renovation process that meets all of your needs while still meeting deadlines and without breaking the bank.
Planning for a renovation can seem like a daunting task- your home is important to you and you want it to go well. This can be especially true if this is your first renovation; maybe you've found the right experienced contractor, but you don't know what is next. Here are some helpful tips when planning for your first renovation:
Understanding your budget and what you want to spend on the renovation is essential to a smooth project. If you understand your budget, it will not only help you but also your contractor, they need to know what you want to spend on the project in order to fulfill your design ideas of mind while staying within financial framework.
Something that doesn't tend to come up in the preliminary design phase, but can get real tricky later, is the spacing of your home and the project. It is important that you don't overestimate the space and what you want in it, make sure you have your contractor come in and evaluate the space beforehand. They are the ones who will let you know if the spacing is right for the project you have in mind, saving you a huge headache later when you realize there might not be enough room for the original design.
3. Realistic Timelines
One thing that is important to remember when starting your first renovation is that you have to keep deadlines and overall timelines realistic in order to get the best experience. Communicating deadlines to your contractor, and agreeing on a specific timeline for a project, are essential when going about a renovation project. Renovation timelines are always tricky, you must always be prepared for unexpected circumstance and be able to adjust your planning accordingly. This is one thing that your contractor should be able to help you with, they are often able to give realistic timelines for a project based on your home's specific condition.
4. Go in with a Plan
The best thing about renovations can also be the toughest if you aren't prepared- that is having your design ideas of mind. It is incredibly important to know what you want; this means having ideas of fixtures you want in your home, knowing what you want the spacing to look like and more. Your contractor is there to bring your ideas to life, but you should have a solid grasp of what you want and what the end result should look like.
Renovations don't need to be scary, there are many things you can do to make sure you are completely prepared and have everything go smoothly. One of the biggest things to remember is that your contractor is there to help you with the process and make your renovation dreams come true. Being prepared for your first renovation is simple if you keep these things in mind!
Remember to communicate with your contractor and to rely on their experience to get the job done to the best of their abilities! We here at RENOLINX will be here to help you every step of the way. Contact us today!
Basements add much needed living space to anyone’s home. It’s a common goal for most homeowners to complete, or a project they have consistently laying on a backburner. Let’s not forget that it adds extra value and appeal to any home. Whether you’re looking to create an income space for a tenant, an area for entertaining, or a space for guests, or even a playroom for your kids, it can overwhelming to know where to begin and how to tackle this large project.
Here are some do’s and don’ts when it comes to basement renovations.
DO: DECIDE ON ITS PURPOSE
By choosing your basements sole purpose it is much easier then to create and plan the space to meet its needs. Maybe you currently use the space for storage, a home office, kids playroom, or solely laundry, or some combination of all, you want your new functional design to enhance the current space than take away from it. With this in mind, you now can start envisioning some of the needs structurally of the space. Some things to consider:
1) Adding extra walls to enhance privacy for instance if using the space for in-laws, you may need more walls installed for that extra needed space for privacy
2) Keep your current plumbing plan in place whenever possible to cut down on cost if considering adding an additional washroom
3) Decide on building a closet around water heaters, in the chance of leaks then keep original flooring, meanwhile keeping it out of plain site
4) Maybe you want a cold storage room to keep homemade preserves you make, or want an added sauna for after workouts. These items can be incorporated into some current basement plans, again using their original spaces can help cut costs
DON’T: THINK IT’S AN EASY DIY PROJECT
Basements are construction projects. Although it may seem like something you can tackle yourself with some YouTube videos on the weekend on your days off, there is a lot more involved than a regular do it yourselfer can do when it comes to building out the space. An experienced basement contractor can help you avoid common missteps that most people don’t think of. You need to consider your current foundation and whether or not any shoring work needs to be done, whether the structural framing is up to code, and in the instance of having an open concept, load bearing walls are structurally sound. These are part of the expertise that only contractors can bring to a project. They can also help you know the moisture levels in space and provide suggestions in preventing future moisture damage. Believe it or not, any in home project such as basements needs to be built to legal codes and abide by zoning regulations, again contractors will know exactly what can and can’t be done. This will help you avoid having to redo any work, and by having the right permits it avoids headaches when it’s time to sell your home. They also have a plethora of knowledge when it comes to hiring the right team to get the job done for any wiring and plumbing work.
DO: CONSIDER AN OPEN CONCEPT
Most basements follow an open concept design. Open floor plans offer a wide variety of benefits which is why so many people prefer them. When you have an open floor plan, it's easy to feel like you're part of the action at all times. They offer flexibility for multiple functions in one space, and with basements usually being a space needed for a multitude of uses- it’s the perfect design. Also, they are incredibly versatile and affordable since you’re not building walls to break apart the space which can be costly. When it comes to open concepts it is important to group out the space. Maybe you want a bar area with a TV, but also in need of a play space for your kids, and you also want an at home gym. Choose lighting fixtures to define the areas of the space while using rugs or different flooring to accentuate each group. This helps visually separate these areas and the space without added walls.
DON’T: SKIMP OUT ON THE DETAILS
Approach designing and decorating your finished basement as you would the rest of your home.
Paying attention to details such as light fixtures, artwork, throw pillows, blankets and crown molding will give your basement a truly finished look. When it comes to furniture, look to invest in new pieces rather than mix-matched hand me downs from family members. You want something that is aesthetically pleasing. Consider using one cohesive color scheme to run through every part of the room to help unify the space. Make sure to finish the entire space for one clean look. If budget is a concern, then consider keeping some areas unfinished for storage of seasonal items, holiday decorations, luggage, and other goods you don’t use consistently. Make this space an expression of yourself! The basement is an area of the house where you can really have fun. Let your imagination go and create a space you and your family will enjoy for years to come.
Basement renovations don't need to be overwhelming, there are many things you can do to make sure you are completely prepared and have everything go smoothly. One of the biggest things to remember is that your contractor is there to help you with the process and make your renovation dreams come true. Being prepared for your first basement renovation is simple if you keep these things in mind! Remember to communicate with your contractor and to rely on their experience to get the job done to the best of their abilities!
When working with RENOLINX, you are not just working with skilled tradesmen, but a team who work with you to make sure you have the best renovation experience. You want your projects to last a lifetime, and not a couple decades. Get in touch with RENOLINX today, we will make your projects right- the first time!