Are you excited to get started with your condo renovations? Do you worry that you don’t have the expertise to get the best reno for your budget?
Over 80 percent of projects go over budget in one area or another. That’s why it’s essential to build a contingency into your plan.
There are many factors to consider when you’re planning a condo renovation. Here are some of the most common condo renovation mistakes to avoid.
Failing to Create a Plan
Your condo renovation guide will detail the main areas you plan to change. It will also include a list of materials the project requires.
You can determine how much of the renovation you will do yourself and what parts need to be done by a professional. Before you hire a contractor, you will need to put together a plan for them to follow.
Create a timeline and find ways to store your belongings while the project is underway. Be sure to expect delays or changes that might occur so you can adapt.
Neglecting the Budget
If you take the time to plan your project, you can create a budget that takes each step into account. Include the cost of materials and any contractors you plan to hire. Don’t forget to build in a contingency or cushion. This will cover you when a price is higher than expected.
A time budget is a plan to help you determine how long each step of the renovation will take. That can make it easier to have materials and contractors in place as you need them.
Selecting Cheap Materials
One of the best condo renovation tips is to use the highest quality materials that you can afford. When it comes to items that need to stand up over time, it’s worth the investment.
If you need to cut costs, remove items that can be added in the future when you have additional funds. If you are strategic about how you spend your budget you’ll be happy with the results.
Choosing the Lowest Bid
It’s great that you took the time to get several quotes from different contractors. You might be tempted to select the lowest bid. Before you do, there are several other factors to take into account.
Check company references and ask if they were able to complete the work within the budget. Consider choosing an established company with the experience to get the job done.
Not Asking for Professional Help
When you contact a company that specializes in condo renovation, they will take the time to find out what you need. Once they understand the purpose of the project, the condo renovation contractor will tailor the design to meet your goals.
A condo renovation company can help you decide which renovations to focus on. Some renovations are more likely to increase the value of your property and you don’t want to waste your money. They will create a plan and provide you with an estimate to complete the work.
Enjoy Your Condo Renovation
Now that you know about the most common condo renovation mistakes people make, you can go ahead with your project, confident that you can avoid them.
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