1. BUDGET, BUDGET, BUDGET
Make sure you do your homework. Talk to a friend who has been through a similar renovation speak to local real estate agents about comparable properties and get an idea what ‘over-capitalising’ and ‘under capitalising’ means in your area. Before establishing your final budget remember to include a percentage for contingencies: most experts recommend that you add another 10% to 20% to the overall budget to cover any unforeseen issues or variations you may elect to complete along the way throughout the renovation process.
Once you know how much money you can access comfortably, Contact the Construct Melbourne team who will assist you with your desired renovations and facilitate introductions to some of Melbourne’s best Architects and Drafts people. This will assist in ascertaining costs associated for plans, permits, necessary reports and construction.
2. FIND THE RIGHT BUILDER
We’ve all heard the horror stories with builders going broke, going rogue or disappearing half way through jobs. Our recommendation is that the best builders can be found through word of mouth but failing that, use a Master Builder, one who has been in business for a long time, someone who wants to meet you, is professional and a great communicator. To use as a benchmark, give Construct Melbourne a call and we will do our best to assist you.
3. BE REALISTIC
Dreaming is the start of any good renovation, but to have a good experience, you must be realistic about what you can accomplish based on your budget, resources and your existing home. If you absolutely have you heart set on turning your existing house into the house you’ve always dreamed of but have a shoestring budget, perhaps talk to us about the possibility of renovating in stages.
4. DO YOUR RESEARCH
It’s really important before you embark on the renovation rollercoaster that you have a clear understanding of what to expect. Plus, you need to make sure that you bring your thoughts and research to the table. Clip photos out of magazines of rooms that you love. Scour shops and the Internet for the latest and greatest. Have a good idea of how you want the space to look and feel. Remember, the details are what can make or break a renovation so the more you have the better.
5. RENOVATE FOR THE FUTURE
A rule of thumb for renovating is that doing a high-quality job in a classic style is exactly that: classic. If you invest in quality finishes now, you won’t regret it. Forget about being a slave to fashion – instead, think how dated those olive-green appliances look 5 years later.
6. DON’T HAVE ANY REGRETS
If you follow steps 1 through 5, chances are you won’t have any regrets. But remember, when you choose to renovate, do it with a certain amount of guts. Don’t second guess choices once they’ve been made.
7. HAVE FUN!
At the end of the day, there’s nothing more rewarding than watching a space be transformed by good design decisions and great workmanship.