When to start planning for your renovation for your new house

Assuming you’ve read my previous post. You know when not to start a renovation and can easily point out the risk factors. If you haven’t read it, go give it a read right now. Here we will be focusing on we can do renovation wise. While the whole lengthy process of you buying your property goes on.

Plan your renovation in advance

Even before you even make an offer, you can consider basic renovation plans. That’s really easy to do if you want any ideas, read this one about planning your renovation it’s specialized for rental renovation but it’ll help you get started. Now that you know what you want, ask a professional renovator about how much all this will cost you. 

Now you have two options to go with. As of now, you know what you want and how much it’ll cost you in broad terms.

Asking the seller to handle some renovation works

First one is to ask the seller to do some of your renovation work as part of the deal. This one is rarely viable as brokers aren’t really interested in or are experts in doing the renovation works. But there is a good chance if the project is still in construction. So it’s worth a shot.

Following on, this way has its upsides and downsides. For example, if they do agree to do some of the work. It’ll save you time and peace of mind. They have to jump through less paperwork and the renovation will cost them less. Potentially, saving you money down the road.

However, you will have less control over the whole process and the outcome. You potentially might have to wait for a few more extra months. And even after all that, the results still might not satisfy you. You run the risk of unnecessary arguments with the seller over the quality of the work done. So if you go with this option, tread carefully.

Add it to your budget

The second and better way will be to add it to your total budget and them make an educated offer. That way you have more control over your renovation, you can negotiate on your own terms with the contractor, designer, and architect. The results will be better and faster output. You might be able to do it part by part while still living in the property. Overall a more pleasant experience.

Finally, the major part is over. But that’s not all, plan at least a month more than the delivery date. As delays are way too common in this industry. Most common one is from the seller’s side leading to closing stalls. If you’re financing through a loan, it might take even longer. As the due-diligence from the bank’s side will take time. So if you’re moving a whole new place, plan on where will you be staying if a delay happens or your renovation takes longer than expected.

Moving on…

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Source

Now that’s also not all of it, there are legal matters that can be a blockade. Like debts against the seller, mortgages against the property. Damage to home between contract signing and closing. Like water leaks, floor/wall damages, and appliance malfunctions. Hopefully, everything will go smooth, but a little planning won’t hurt ya.

If you’ve closed on a new place (congrats!) and are ready to find your general contractor, contact us on Renomate to get started! (My unapologetic hook)

RenoMate provides the best professionals to match each project’s scope, budget and location. With our team of the best designers and craftsmen, we deliver you the renovation of your dreams on time. Follow the blog for renovation ideas, inspirations, and tips. Start your renovation with Renomate

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