Renovating
a house can be both an exciting and stressful time. You’ve got all these plans
and ideas in your head, and yet you have no idea how to execute them or whether
you’ve got the money to complete them. And that’s something everyone who owns
their home or wants to invest in property needs to think about; you can’t make
a return investment until you’ve got the stones to make a proper investment in
the first place!
Trying
to get on the property ladder, especially
as a landlord or seller, is one of the most difficult things
to do in the current economy. You’ve got a lot of competition out there, and
you’ve got a lot of likes and dislikes to combat - and sometimes it’s not all
about sticking with the majority consensus over what interior design moves you
should make!
So
you’re going to need some handy tips and tricks on your side, to makes sure you
always know what the market wants and that you’re always able to provide for
it. And when you’ve got a post like this on your side, the ride is only going
to get easy. Make sure your renovation plans are only ever a challenge, and
never a hindrance.
Work Out Your Budget
If
you don’t have a budget to get started with, you need to sit down right now and
sketch out your options. Your budget needs to be manageable, something that
won’t affect your ability to care for you and your family in the day to day,
and without you gripping your head in your hands and wondering whether you
could really push a plan that’s so strict.
Depending
on the room you want to get redone, or whether you’re looking to get as much of
the house turned over as possible in one move, your budget is going to vary
wildly from someone else’s. But there are some general costs to look into here:
renovating a bathroom is going to cost anything from $2000 to $5000, a kitchen
could cost anything up to about $20,000, and the other rooms in your house can
be any price in between these (even just getting your windows replaced could
cost you $4000!).
So
you’re going to need to do
some savings, if you don’t have a padded out
account already, and then combine your efforts with your partners at least. And
if you’re looking to sell up once you’ve renovated, you’re going to want to
look into these expensive renovations to make as much of a return as you can.
But of course, there’s always going to be ways for you to
save money, as long as you’re a thrifty person!
Pay Attention to the Location
If
you’re looking to renovate your house, you’re going to need to try and fit into
the market around you, as what other properties offer is a good indicator of
what buyers want to see in a home. Of course, if you’re planning to stay in the
house and make the most of the renovation, you make the changes you want! But
renovations tend to most occur on properties that are one day going to be sold
off for increased profit.
So
look into questions such as: Are the buyers or renters in your area looking for
modern bathrooms? Do they want a private balcony to sit out on? Are they
looking for hardwood floors? Maybe a renovated basement for some extra storage?
But
don’t limit yourself totally to the location your property is found in - you’ve
got the whole world to be your oyster after all! And if you’re looking to
entice buyers over from another country, in order to increase your profit as
well as your standing on the property ladder, be sure to look into common
trends overseas as well. Even just searching up the malaysia property market
outlook can show you just how well your real estate
prospects could do on an international basis.
Add Some Light
One
of the main things modern buyers are looking for in the property market is a
good amount of light coverage over all the rooms of the house. And if you’ve
got a house that’s lacking in the window department, or doesn’t have much
natural light in either the bathroom or the kitchen, you’re going to want to
fix that up as soon as possible.
On
the other hand, if you’ve got more natural
light within your own home, you’re going to find
yourself with a lighter step and sleeping better at night; when you can remove
a lot of the artificial light sources from your home, your body has a much
better time of staying healthy and happy. We always need some sun in our lives,
and that insulation you have redone last year really needs a good chance to
test its strength against the weather.
So
add some strategic windows in, or simply make the original windows fitted in
your walls a lot bigger than they usually were. If you’ve got a rectangle
window, which acts as more of an accent piece, above the toilet in your WC, you
might want to focus on it first in your renovation plan. Watch how it opens up
the space, and gives the room a much friendlier atmosphere to it - you might
even be able to keep some potted
plants in there now. It’s simply a much healthier way to
live.
Ready to Get Renovating?
You
had some plans on the go before you read this post, and hopefully, the
information contained here simply made them better to work with. The real
estate market, as well as being a homeowner, is a hard thing to tackle, and
renovation is always going to be a natural part of that process. Just make sure
you’re doing it right for your time, money, and both your present and future
purposes.
If
you’ve got your budget, half the battle is fought and won. Now to find the
right contractor.
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