Canadian homeowners have seen a huge rise in the commonality of home renovation as opposed to home upgrades through purchases. The current housing market prevents easy purchases, and creates the necessity for home renovation as a means of improvement in space and design. The last decade alone has seen unprecedented increases, reaching billions, in home improvement expenditures within Canada. Renovating your home is an easy way to upgrade your living space, add value to your home and make your life easier. But unfortunately, not every single renovation idea is a good one. While planning a renovation may be difficult, there are experts out there who can make your home renovation easier by helping you plan, budget and design your new living space. Before you consider a home renovation however, there are some steps you should take to ensure that you are doing the right thing. For your benefit, we’ve taken the time to assemble these 5 key tips meant to help you get the most out of your home renovation.
1. Always include overhead in your budget
The number one mistake made by homeowners when renovating is underestimating costs, and ending up with unfinished or shoddy work. Homeowners have been shown to consistently set unrealistic expectations, and lower than possible budgets for renovation projects. Remember to take into account installation in addition to construction, should you be renewing electrical, plumbing or gas fixtures, as well as any appliances. These costs, as well as costs for new flooring, windows and doors, creep up quickly and suddenly homeowners are faced with the prospect of paying much more than they originally believed. When planning, remember to do research and budget accordingly to costs.
2. Consider whether you are over-renovating
Many homeowners are convinced that the only way to increase their home’s value is to spend money on high-end finishes and expensive remodels that offer little return on investment. Allocate room in your budget for the things you believe will make your home more comfortable, without spending unnecessary amounts on expensive décor.
3. Get multiple quotes
In order to set a realistic budget, you’re going to have to make an effort to get the most out of your reno company. Avoiding unnecessary and unexpected costs starts with budgeting, meaning you should shop around for multiple contractors in order to get the best work done for the most reasonable sum.
4. Never invest without having your finances figures out
Under no circumstances should you ever rely on credit cards to finance your renovation. Before beginning the planning and budgeting phase, allocate a quota from sums you have available for use. Investing in renovation without first having the financial aspect figured out often equals quick and sudden collapse and unfinished work.
5. Be patient
Take the time to properly research the possibilities for your home renovation, the various options available to you as a homeowner. Being creative with your options and not being afraid to experiment with designs before the construction phase begins. If you wait a while, you are able to find more and more ideas you can incorporate into your design, and locate better options for the cost. This allows you to be more creative, and to avoid any costly future mistakes. A hasty-under budgeted and under-planned renovation is always visible and will add little to your home’s market value.
A & R Renovations Toronto
Our company, A & R Renovations, is a company dedicated to home renovations. Within the Greater Toronto Area, our company is your number one choice for all forms of renovations and improvements, having served the area for over 20 years. We specialize in bathroom, basement and kitchen renovations, but are completely versed in all manners of renovations and remodelling, offering commercial and residential services. Due to our unique method of work, we are able to work one on one with our clients, focusing on a single project at a time. We serve our clients with enthusiasm, professionalism and integrity, offering trustworthy skills and reliable staff. Offering a 1-year limited warranty, we ensure that all of our work is done to your complete and utter satisfaction. We guarantee your 100% satisfaction in all of the GTA, including, Markham, Vaughan, Brampton, Mississauga, Richmond Hill, North York, and other locations throughout. Please visit our website or take a look at our project gallery for more information about what we can do for you and your home today.
Call us today for a free consultation at: 416-677-9316. We are always happy to answer any and all of your questions regarding our services.