Our Top 5 Renovation Tips !
Not only is Renovating "in fashion", with all the renovation shows around but it is also a very good way to add value or increase your equity, and you get to choose the final touches.
With rising costs, escalating moving costs, governmnt charges and kids staying home longer… Homeowners staying put and making home sweet home even sweeter with a nice ol Renovation.
Most renovations go over time and over budget is a bit scarey!!! Of course if you have a RenoSave Trade card - this won't be you
But there are some great "RenoSave" ways to keep costs down – and help your renovation to come in under budget.
1. How to let light in without the cost of adding doors or windows
There aren't too many less expensive ways to bring natural light into your home. Brighten up a windowless hallway or dark bathroom with a traditional skylight (less than $500) OR even better in my books is the Solar Skylight that doesn't involve cutting holes in the ceiing is easy to install and costs less. This will so much value as a light bright home feels better and rents better is soo easy to do.
2. Free Renovation Products and Trade Prices
Free and Second hand can be a great way to keep costs down - We have a great list of second hand here
Left overs - When it comes to things like flooring/ insulation/timber, ask your tradie if he has materials left over from other jobs. It never hurts to ask – you may find that someone in his network is finishing a job and needs flooring/doors/windows removed from a site. It’s a win/win situation as they will have to pay to get rid of it.
Facebook - you may have some friends that have just what you want - it's worth the post
Here is a BIG Factor to consider - TIME
Spending too much time chasing free or extra cheap items can cost you in the long run.
So if you cant get your hands on free or close to free gear within a day or two then.....
Buy at Trade prices with your RenoSave Super TradeCard - You will be saving a holidays worth of cash!
3. DIY - What things can you do yourself to save the most money
Even if you have no expertise, you can DIY and save money – provided you choose your tasks wisely. These tasks are pretty easy and can saveyou some serious cash
- Demoliton - pulling out that old kitchen / bathrooms ( get your plumber and electrician in first to disconnect!)
- Installing insulation - the fiberglass or wool batts
- Painting and sanding
- Pick up and delivery
- Installation of blinds and curtains
4. Don't move electrical or plumbing unnecessarily
The unseen cost when renovating
Sinks, stoves or toilets can cost money to move - so don't move them if you can avoid it.
Plumbing is one of the largest chunks of your renovation budget, and once you start moving pipes, renovation dollars end up down the drain. Especially if it is a concrete floor
Queenslanders make things easy to move so talk to your plumber and electrician first - ask for other options and look outside the box -- Plumbing may be on the other side of the wall.
5. Planning - Make your choices and stick with them
The Secret sauce to a successful renovation is planning. Work out what you want and don't keep changing your mind Everytime you do - it will cost you money
Be specific about your finishes one persons "top end" is another persons "ordinary"
Once you know what fixtures and appliances you want you can shop around for a deal. If you are getting a builder to do the job you will have a builders allowance. This is where you can save buckets! Use your RenoSave Super Tradecard to get your own builders discounts and buy them yourself.
Remember to check out what other properties in your area are doing thoughought the process - you don't want to overcapitise - even if it is your own home, at the end of the day it is still an investment for you. Use our RPData package (Renosave Prices of course!) to keep an eye on the market - A MUST if you are serious about Renovating. eg. Are the prices on the rise, what are people asking for a property like yours at the moment . Marble may not be the best option in your area!
I couldn't help myself...a bonus 6th tip
6. Adding updated fittings to add value
This is so cheap and easy to do and yet it adds so much value
- New curtains and rods
- Update the lightswitches
- New Modern Taps - expecially the kitchen and bathroom
Check out your RenoSave card of course for savings on all of the above -
If you haven't tried a buyers group before, you will love the savings
(A Holiday at the end of the Reno is sounding Good! - I'm sitting in Budapest airport writing this - so I'm proof)