Property renovations can be incredibly rewarding, but you need to avoid tripping over the many potential hurdles. Issues such as structural abnormalities, missed deadlines and budget concerns can all disrupt proceedings. Preparation is key to helping you mitigate the risks and manage your expectations.
If you’re thinking of getting started with a property renovation, what are the main things you need to consider before and during the work?
What to consider before starting a renovation
Planning is crucial before starting any renovation project. You should look to outline the following factors:
Budget: How much do you have to invest in the renovation? What is your estimated project cost? How will you fund any excess budgetary requirements? Ensure that you have the funds to complete the renovation to your desired standard.
Project timeline: Create a timeline for the renovation to steer the process as you go. How long do you expect the project to take? When do key aspects need to be completed? Plans usually change but, with a timeline, you can adjust as you progress.
Building plans: Draw up plans for the renovation, including a breakdown of each room and the finish you are going for. Having a clear vision should help to keep the project on track.
Supplies and tradespeople: Where will you source your materials and supplies? Will you need the help of specialists for certain jobs? Think this through early because you’ll likely have to book orders and tradespeople in advance.
What could go wrong during a renovation?
Property renovations rarely finish without a hitch. It’s key that you prepare for the unexpected as best as possible. Here are a few things that could go wrong:
Below standard building work: Work not completed to the right standards can impact your project as a whole. To avoid this, ensure you hire tradespeople with sufficient skills and experience to complete the job to the required standard.
For example, cavity wall insulation not installed properly can lead to damp and mould. If this was done by a tradesperson, and the solicitor you hired to resolve the claim has left it unresolved you may want to consider a cavity wall negligence claim to gain some compensation.
Unforeseen costs: Costs can easily become bloated with additional expenses as the project progresses. Mistakes and complications often require investment to rectify and many of these are largely unforeseen. It’s worth having a contingency budget to give yourself a financial buffer.
Late deliveries and completions: Building supplies are susceptible to logistics delays, which can throw off a project timeline. Order materials as far in advance as possible or with a buffer so you can keep pace with your intended timeline, even if there are delays.