You are ready to sell your house and it’s time to get it ready to sell. But you know first you need to do some updates so that it will sell faster. When you stand back and look at the projects that need to be done can seem a little overwhelming. All the things that need to be done like new floors, maybe new cabinets in the kitchen, completely gutting the bathrooms and rebuilding them, it’s enough to make you pull your hair out. However, with some proper planning, renovating your house can and will go a lot easier.
Make An Itemized Budget For Your Renovation
The first thing that you need to take into consideration is your budget. If you get to the home improvement store and just start picking out things you will soon discover just how much your remodel is going to cost you and may run out of money. It’s best to have a set number in mind about how much you can spend, then shop for the materials that you want to use in your project.
Curbed has an excellent article that will give you some more great tips about how to properly budget for your remodel:
Create a detailed budget and revise as you go. In our case, we were working with a contractor and an architect. The contractor’s fees included some materials (including paint) but not most fixtures and finishes—that’s the grab-bag term for tile, flooring, countertops, kitchen cabinets, faucets, lighting, door knobs, appliances and more). We made a room-by-room spreadsheet of all the things we’d have to buy, and then did initial research on prices. We labeled that column “Budget.” As the project progressed and some of the prices seemed too low or too high, we adjusted them in a column called “Projection.” Finally, as we ordered each item, we filled in a column called “Actual.”
The three columns let us create a budget, revise it as we went without losing sight of our original plan, and track the amount we actually spent. We used a similar system for keeping track of what we paid the contractor and architect over the course of the project.
Don’t forget taxes and shipping. When you’re researching costs for your initial budget, it’s easy to forget additional costs. Especially if you shop online regularly, you may be used to free shipping. But, counter-intuitively, lots of major purchases you’ll make for your renovation have serious delivery fees. And while taxes are relatively palatable on, say, a $100 pair of jeans, the taxes on $3,000 worth of kitchen cabinets makes them cost $270 more. I wish our budget spreadsheet had included a column automatically adding 9% for taxes and $100 to $500 for heavy deliveries, like cabinets, tile and appliances.
That is excellent advice on using a spreadsheet for a detailed budget for all of your fixtures and materials. More than likely though, no matter how much you allocate for your remodel, there will always be incidentals, to so don’t forget to have some money allocated for that.
Proper Planning Will Go A Long Way
Just starting to rip things out and planning your renovation by the seat of your pants just won’t fly. Without some careful planning you will run into more issues, make the project take longer and in the long run may cost you even more money. The last thing you want is to complete your renovation and it not be functional, or look like it was haphazardly done.
Zillow just put out a good article that talks about space, which is probably the biggest thing to consider before and during your renovation:
Check the space allocation
Having enough space, especially in bathrooms and kitchens, can make or break a home. You can install gorgeous flooring, countertops and fixtures, but if your knees touch the wall or the bathtub when you’re sitting on the toilet, the amenities won’t make up for it. And if you forget to take large kitchen appliances into consideration, you can end up with a cramped space that only looked great on paper.
Before you gut the house and start moving walls, take the time to triple check your measurements.
Draw out your space with accurate measurements of desired appliances included before you change a wall or buy a tub. Make sure there is enough room for doors to open and close with ease. Ideally, you should be able to open your cabinet door and your oven door at the same time.
Remember — it’s easier and less expensive to make changes before you buy new appliances or knock down a wall.
Space allocation is probably the biggest problem we see with do it yourselfer’s projects in kitchens and bathrooms when we inspect properties to purchase. Unfortunately many times the owner thinks they have done a wonderful job, when in reality they have made a huge mess that needs to be completely gutted and redone.
Summing It Up
Make sure you sit down and do some proper planning before starting any renovation project. Without proper planning you may run out of money, may not end up with a functional space, or worse yet may not even finish the project. Be sure and have enough of a budget to get your remodeling job done.
If you don’t want to deal with all of these hassles, don’t forget that here at Mandich Property Group we will buy your house as is, without you having to do a single thing to it.