Industry Tips
Home Renovation Checklist
Published: 10/23/2019
At the heart of every great renovation is an even greater plan for the lifespan of the project. It’s important for homeowners to begin with an idea of their ideal budget, the scope of the project, and the length of time for completion while also maintaining an open mind to possibilities. This allows the home renovation specialists to utilize their expert knowledge and make the project as smooth as possible for the homeowner.
Planning Phase
Determine Your Budget
Before you even start dreaming of the changes to your house, it is imperative that homeowners consult with their financial advisor to establish how much they can borrow to make their renovation a reality. From there, it might be worth contacting a local REALTOR® to find out which renovations will see the biggest return on investment, and which renovations might be best to avoid.
Create a Schedule
Home renovations take time, especially if you have to wait for permits or weather. Planning around annual cold spells or seasonally wet conditions, as well as big celebrations like birthdays, can help solve a number of the common delays with home renovations in Vancouver.
Make a Wish List
One way to create a renovation wish list is to build out two columns in a spreadsheet. In one column, write down your wants and in the other, write down your needs. While meeting with a general contractor this list will be invaluable to working out what is and what is not within your budget. This also allows you to prioritize what is a necessity for now and what can wait for a later time.
Research Phase
Looking for the right general contractor is crucial to the project’s success. It is important to do your research and to find out what each company specializes in. This is also a great time to find answers to any questions that you might have about the project itself.
Remodel Phase
You’ve found the perfect home contractor and the permits have all been approved. This is the time when things can become somewhat disruptive to your everyday life. It might be worth taking some time off during the project so that you can oversee the builder’s work (and make them a cup of tea or coffee.)
Completion Phase
The work is done and you’re in love with your new home. But, there is still some work to do. Now is the time to apply for any home improvement tax credits that you might be eligible for as well as calculate your monthly loan repayments or interview real estate professionals if you’re planning to sell your newly renovated property.
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