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How to Prepare for a Home Remodel

Remodelling a home can be an exciting prospect for homeowners who want to bolster the value of their home or are searching for ways to improve the quality of the place they live in. These projects can provide your home with a wide range of benefits if the projects are done properly. While the actual work that goes into the renovation is the most important element of the project, there are a number of other things that you can do before the work gets started that will increase the chances of the project being a successful one.

How to Prepare for a Home Remodel | UK Lifestyle Blog

Create a Realistic Budget

The first step towards any successful remodelling project is to create a budget for the project. This budget can be large or small depending on what you can realistically spend on it. If you don’t create a strict budget that takes all of the costs into account, it’s likely that you will be surprised by the final cost, which can be problematic if you find that you’re unable to afford it.

Once you’ve determined what type of renovation you want to pursue, you’ll have a better idea of how to craft a proper budget. If the renovation is proving to be a major one, it’s possible that you could obtain a line of credit that draws from your home equity. This type of loan uses the equity within your property as collateral.

The most important costs of any home improvement project include the costs of hiring contractors and the costs of the materials that need to be used during the renovation. Once you’ve calculated these costs and have determined how much you’re willing to spend, you should have a good idea of whether or not the project will fit into your budget.

How to Prepare for a Home Remodel | UK Lifestyle Blog

When hiring a contractor, make sure that they provide you with a free quote before the project begins. A quote is an estimate of what you should expect to pay for the project at hand. Although these quotes are only estimates of the final project costs, they are usually never too far off from the final costs.

When you’re creating a budget, it’s essential that you put aside some money for any hidden costs. With large remodelling projects, there may be some additional expenses that only display themselves midway through the project. Set aside 10 percent extra of the total that you expect to pay for the renovation.

If the estimate that you’re provided with is slightly over your preferred budget, there are ways for you to cut costs. For one, you should tackle some of the smaller projects yourself to keep costs down, which can include everything from removing the tile in your kitchen to pulling up old carpet. If you want to save money, consider hiring contractors in the fall or winter seasons. Contractors are at their busiest throughout the spring and summer seasons.

How to Prepare for a Home Remodel | UK Lifestyle Blog

Identify the Scope of the Project

The only way for your project to be completed on schedule is if you have identified the scope of the renovation. If you’re hazy on what the scope should be once work has begun, you’ll likely find yourself making numerous change orders to the original contract, which can cause the project to spiral out of control in terms of both time and money. A contractor needs to know the size of the project beforehand so that they can bring along the proper equipment.

Conduct Extensive Research 

The biggest factor in what a remodelling project will cost is what types of materials will be chosen for the project. There are a variety of different materials that can be selected for nearly every type of remodel, which can scale to your budget.

If you’re remodelling the countertops in your kitchen or bathroom, the more luxurious and pricey choices available to you include granite and marble, both of which offer a stylish appearance to countertops. However, a material like engineered quartz is much more affordable while also being aesthetically appealing.

How to Prepare for a Home Remodel | UK Lifestyle Blog

When you’re looking at flooring materials, the most inexpensive options are typically those of laminate and tile. Carpet can vary substantially in cost and quality. The most expensive flooring materials include hardwood and engineered hardwood. If you’re finding that the costs associated with the materials you’ve selected have put you over budget, consider replacing an expensive material with a more affordable one.

Interview Prospective Contractors

No matter how well you budget and plan for your next home improvement project, the project won’t be a successful one unless you hire the right contractors for the job. There are dozens if not hundreds of local contractors for you to consider, which is why interviewing prospective contractors is so important.

Make sure that you speak with the project manager before signing a contract to ascertain whether or not they understand your vision. When interviewing prospective contractors for the job, you’ll want to obtain references from them as well as information about their licensing.

How to Prepare for a Home Remodel | UK Lifestyle Blog

Follow up on the references you receive to determine if past customers are satisfied. Before interviewing contractors, look up online reviews on Google and the Better Business Bureau to get a good idea of their reputation. During this process, it’s possible that you will be provided with a surprisingly low cost estimate for the project.

While low prices are likely enticing, companies that provide low-ball estimates are typically not legitimate. It’s better to pay more for a reputable company that will do the job effectively and correctly.

Consider Other Options

Whether you’re planning your budget or speaking with contractors, you should never be hesitant to consider other options. If the scope for your project is higher than your budget, there are always going to be ways to scale down the project without sacrificing quality.

How to Prepare for a Home Remodel | UK Lifestyle Blog

According to www.housetipster.com, if you’re having difficulties with any aspect of the project, the contractors you interview will likely be able to provide you with some tips that could bring down your costs.

Consider the return of investment for the project. If you plan on making a remodelling project of around £50,000 for a home that’s only valued at £125,000, you’ll likely be putting too much money into the house, which you may not be able to recover if you sell the home in the future.

Talk to Family Members and Consider Leaving Home

If you have young children who will be surprised by how disrupting a remodelling project can be, speak with them beforehand to make sure that they understand the benefits that come with making those changes. You could also consider leaving home while the remodelling project is occurring.

How to Prepare for a Home Remodel | UK Lifestyle Blog

If the project is a small one that will only take a couple of days to complete, you may be able to stay in your home without issue. If the remodels are going to take a few weeks, consider planning a vacation around the project so that you can enjoy yourself while the work is being completed.

Prepare Your Home for Remodelling

There are several things you should do in your home before the start of the project. Move any artwork, electronics, or photos to more secure areas where they won’t become dusty or get broken. You should also cover any large furniture items with plastic or similar coverings to keep dirt and dust particles away. Smaller items of high monetary value should be placed in a safety deposit box. These items include jewellery and cash.

By following these suggestions your remodelling project should be stress-free and you should end up with wonderful results. It’s hard to predict any type of issues that may occur along the away however, these tips will decrease the chances of you having to deal with any problems during the remodelling process.

2018-11-25T22:33:35+00:00 November 25, 2018|Home Decor|

The Dilemma… Buy A Renovated House Or Go For A Fixer-Upper?

The palpable excitement of being a first-time buyer can also lead to a considerable amount of dread. While location and cost are two aspects that loom large in the mind of many of us, when we’re looking for a home that meets our requirements, we can end up going for a fixer-upper. But does this mean we have more control over our home or is it just too much money to fork out for in comparison to a house that’s freshly renovated?

The Dilemma... Buy A Renovated House Or Go For A Fixer-Upper? | UK Lifestyle Blog

Going In With A Plan

If you find a home that’s within your price range but is underwhelming, if you feel you’re able to take on the task of renovating it, or even adding extensions to it, you need to have some sort of plan in place. It’s not just about the budget and keeping within that, but also making sure that you aren’t taken for a ride by the professionals.

After all, if you move into a home that needs a lot of work done to it, you need to work with professionals that can provide a swift turnaround. Instead of working with a cheap builder based a few miles away, working with contemporary architects or at the very least professionals that come recommended by people you trust, will make for a less stressful process.

Understanding The Scope Of The Task

Comparing a fixer-upper to a fully renovated house is unfair. Many people buy a fully renovated house for the reason that they don’t have to do any work to it. If you buy a fixer-upper, you can put your own stamp on it, and you can communicate your personality, as well as it being a very lucrative nest egg.

But for all the positives, you have to understand how difficult it can be to get to this end product. When we buy a fixer-upper, we have to live in it, and this can be very stressful, not just on us, but the other people that have to live there too.

The Dilemma... Buy A Renovated House Or Go For A Fixer-Upper? | UK Lifestyle Blog

Who Else Is It Going To Affect?

If we have our dream home, albeit in a very subtle manner at this point, it’s going to be a lot of work to get it up to code. This means every spare moment is spent on this house. Many couples don’t survive the task of renovating a home, and if you have family members, do you have to purchase a semi-dilapidated home so you can turn it into your dream property? This is why so many of us opt for the fully renovated property anyway.

Although nowadays there are plenty of companies that do house flipping, if you want to see your dream home through to completion, it’s not the financial implications that need considering, but if you will survive it emotionally. Your own home is something you should have control over, stylistically.

But when the task of renovation dawns on us, this is why it’s important for us to plan every finite detail. And in addition to this, thinking about it over a long time period, rather than setting yourself a strict deadline means that everybody that lives in the house will be better off.

2018-11-20T12:40:27+00:00 October 20, 2018|Home Decor|

Make Your £££ Go Further On Your Next Property 🤑

If you are adding a property to your portfolio, or you are just simply moving house, you can be sure that you are going to need to think about the financial side of things as soon as possible. The better you are able to manage this, the more likely it is that you will be able to make the most of it, and the less likely you are to end up having to worry about what your money is doing or where you are going to live.

The truth is that there are many ways to ensure that you are making the most of your money, and as long as you take a look at just some of them at least, you should be able to improve your situation massively. We’ve done heaps of research, as we plan our next move after we get back from our honeymoon. Here’s best ways to make your money go further on your next property, no matter what kind of personal situation you might be in.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Save Up Early

One of the simplest and best things you can do here is to simply make sure that you are saving your money as early as possible. If you can do that, you should be able to make sure that you are going to make much more of what you have, and be much more likely to get a property you are really happy with as well.

Saving money is something that a lot of people find incredibly hard to do, and generally you will need to make sure that you are going to approach it from ass many angles as possible if you really want to make it work as well as possible for you. Let’s take a look at some of the many ways in which you can save up money. Remember: even the small savings add up to make a huge difference.

For a start, you can easily start saving by thinking about some of the smaller expenses in your life which you can cut down on. Everything, from your mobile phone contract to your grocery bill, can be sliced or halved if you know what you are doing. More often than not, it’s about using your common sense and not allowing the problem to worsen. As long as you know what to do here, you will find that saving money is actually very easy.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

You should also think about the larger things, as although the smaller things do save up a lot over time, it is equally as true that the larger savings are going to make an even bigger difference. By saving up early for your next property, you can be sure that it is going to be that much easier. Both in terms of the property itself and all of the various costs associated with moving house, you can be sure that saving money is going to make a huge difference on the whole.

Choose Your Property Wisely

It goes without saying that the property itself makes a huge difference to whether or not you are going to be able to keep your finances in tact. There is always the possibility of ensuring that you save money by simply going for a property which is not going to cost you as much, and that is one of the biggest things that you will want to think about.

Choosing your property is something that takes time anyway, and the price is just going to be one of many concerns you are looking out for. But as long as you manage to keep your wits about you, you should find a property that is not going to cost you too much, and which you can hopefully enjoy living in as well. Getting this balance right is always going to be important, so make sure that you are doing whatever you can to make sure it happens.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

When you are choosing your property, you should also try to be aware of the different kinds of costs that might be associated with it. Things like the type of heating and whether or not there is a water meter will make a difference to your finances in the long term, so you will benefit from considering these issues as best as you can. As long as you do that, you will find that you can make your money go much further, and that you won’t have overlooked any of the important details. This will men\ you are in a much better situation on the whole.

The Location & Your Wallet

One of the biggest concerns in choosing the property, too, is choosing the location, and that is something which you are going to have to consider if you are keen to make this all work as well as possible. Not only does the location affect the price of the property, meaning that you could get a similar property for less money elsewhere, but you also need to think about the general living costs of the place you’re moving to.

This is less of a concern if you are not moving there, but only renting it out of course. But in either case, you should think about the associated costs and how much better or worse it could be in an adjoining town or city. As long as you can do that, your money will automatically go that much further from the outset, as you will be setting yourself up for greater financial success immediately. That will mean that you don’t have to worry quite so much about what is going to happen to your finances when you buy that new house.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Managing The Mortgage

Almost everyone needs to find a mortgage if they are to be able to afford a property, and this is not something you want to rush into or take lightly. This is arguably the biggest loan you will ever take out, and you need to make sure that you are going to get it right if you are to keep your money in the best possible position.

As long as you manage your mortgage well enough, you should find that you can much more easily and effectively keep your money in tact in general, so it is worth knowing about how to do so. As it happens, there are a few basic rules of thumb you need to consider if you are going to be able to manage your mortgage as well as possible.

First of all, don’t just go for the first one you come across that accepts you. You need to make sure that you’re getting the best possible deal on the mortgage you find, so it’s worth shopping around for something that is likely to be the best you can find.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Secondly, get clued up on the different kinds of mortgage, most importantly the different kinds of interest rates. A fixed one will not vary at all, but may be a little higher on average, whereas a variable one will start lower but probably or possibly rise at some point. It’s up to you to decide which of these situations is best for you.

You should also seriously consider looking for a usable housing loan calculator or mortgage calculator, so that you can work out exactly how much you would be paying back with any mortgage which you come across. Going through the actual figures and being absolutely certain of them is a hugely important step if you are to try and keep on top of your loan, and if you re to make your money go as far as you would like to.

Do all this, and you should be able to manage the mortgage much more effectively.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

Plan Far Ahead

One of the simplest and yet most effective things to consider as well is to make sure that you are planning out your finances as far ahead as possible. You probably already do this with your basics such as food and bills, so it would be strange not to do it for the largest purchase you will ever make.

If you sometimes struggle to know how to plan far ahead, you might want to think about going out of your way to make a change in that respect from now on.

If you manage to do that, you will almost certainly find that it improves your chances of success with your next property, and that you will be that much more likely to keep your finances in tact the whole time. This kind of planning is something that can easily make your entire life that much easier and quicker to achieve.

Make Your £££ Go Further On Your Next Property 🤑 | UK Lifestyle Blog

As long as you have taken care of the above, you will find that you can make your money go much further on whatever next property purchase you might make. That will then mean that you can have more money aside for other expenses in your life, which is something that you will need to think about at this time as well.

2018-08-22T12:30:03+00:00 August 22, 2018|Home Decor|
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