First you need to figure out the kind of renovation that is required for your house. Do you need to repaint the roof? Do you feel the kitchen needs a complete makeover? Answers to these and other questions will help you create a financial plan.
At this point you need to strike a balance between your dreams and reality so as to plan within your financial means.
Take into account your savings and assets, household income and expenditure, current home loan (if any) as well as other liabilities such as car repayments. These will determine the type of home renovation that is within your financial reach.
For many homes, the kitchens and bathrooms are often outdated and in dire need of expensive renovation. This is usually the case despite these spaces being ranked the two most important features of a home.
Assuming that you also need to renovate your kitchen and bathroom, you need to consider using large (granite) tiles or wood floors in neutral colours, marble or concrete counter-tops as well stainless steel appliances.
And in case you’re looking for renovation ideas for small house on a budget, focusing on the most damaged areas such as counter-tops can create a dramatic impact on your home can be a wise thing to do.
Polished concrete can as well be a great choice as it resembles marble and is much cheaper. Re-glazing bath tubs or showers is also an ideal budget alternative.
Although you may attempt a renovation project on your own (to cut on costs), hiring a contractor will save you time and money in the long run. It will also ensure you get appropriate service and high-quality results.
Do your research before hiring a contractor. Ask your friends and other home-owners for recommendations. Drive around your neighbourhood to see who is renovating and ask them about their experiences.
Once you get the names of several renovators, interview them. Ensure you mention to them all the items that are important to you and ask them to provide you with a detailed proposal and a budget.
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