Aside from buying your home, renovating it is probably one of the most costly investments you’ll make in your lifetime - so you’ll want to get it right. I'm sure you have all heard the saying “failing to plan is planning to fail”
Trying to “Do it Yourself”:
We’re all for DIY to save some cash but there are some jobs that are better left to licensed professionals. Thinking that you can do it all yourself is one of the biggest mistakes that first-time renovation planners make. Renovations have multiple complex components that need ample planning. When you manage a renovation project yourself, the most significant problems people encounter are timelines, budgeting, and quality of work. These delays will push back project milestones and will cause a ripple effect of chaos.
Blowing your budget:
Hopefully, this one speaks for itself! Getting near the end of your renovation and realizing you’ve blown your budget or worse still, not having the funds to finish, can be devastating. Blowing your renovation budget through a lack of careful planning and quote management or failing to add a contingency budget for unexpected extras can be costly.
Choosing the wrong contractor:
Personal experience with a contractor is probably one of the best recommendations you can get. Alternatively, you can do your own research by checking reviews on Google and Facebook. Always ensure the contractors you choose are licensed and you have verified their insurance.
Be proactive and informed!
Don't wait!... In the current climate, good contractors can be booked months in advance so as a homeowner it can be tempting to jump on the first company that says “yes” to taking on your job. Compile a list of contractors as soon as your start thinking about renovating.
Don't be afraid to ask questions.
What are your qualifications,
Are you licensed and insured?
Do you offer written quotes/contracts?
Do you take deposits and what is your payment policy?
A good contractor will be delighted to answer your questions.
MER Building Services - Building Better Dreams