Tips for a Successful Renovation Project

Deciding to embark on a renovation project is a big decision that will take up much of your time, energy and of course money. This is why it is important to know that your project requires a well thought-out plan. Home improvement projects can get out of hand pretty quickly and you can end up spending thousands of dollars more than anticipated if you don’t keep the project under control.

Here are some tips for a successful home improvement project:

Plan in advance

It is important that you have a home improvement plan well outlined before you begin. Determining the budget, the contents of the plan, and the sequence in which it needs to happen.  Don’t keep revising your plan everytime you see new cupboards or a new bathtub that you like better than what you have already chosen.  This is exactly how projects and budgets get out of control.  Having a home improvement checklist also helps you stay on track and outline clearly what the contractor needs to do and what parts, if any, you may be tackling yourself.

Do not start if you don’t have enough cash

Home improvement can be a costly venture. A common mistake that many homeowners are guilty of during a project is not having enough cash. Homeowners commonly spend more time and money than they are supposed to.  Homeowners who want to go the DIY route should heed this warning.  It is okay to save money on a project buy doing it yourself but only if you have the cash.  Don’t rip out your kitchen cupboards if you don’t have the money to buy and install new ones.  Six months of washing your dishes in the bathtub is a hell you don’t want to experience. Getting the financing in order before you start anything, no one enjoys living in a half-finished house.

Know what you are capable of

The simple truth to take away from home improvement tips is that you can’t do everything – like fixing your crawl space. Don’t tackle anything involving the plumbing, heating or electrical on your own.  Don’t overestimate your abilities and don’t assume that you can learn as you go.  All that does is increase the cost of your renovations and makes the whole process take ten times longer than it needs to.  If you insist on putting it some sweat equity into your own home then start with some simpler things, painting or adding fixtures and work your way up to harder projects.  Here are some DIY projects you can tackle yourself.

Don’t get carried away

Ask any contractor or house flipper what the key to success is when it comes to home renovations and they will tell you it is making a plan and sticking to it.  Find a good contractor to work with who can help you find materials that are affordable and still of good quality.  You want to get the project done as quickly as possible without cutting any corners.  Choose renovations that not only make your home more comfortable to live in but that add value to it as well.