Do you want to find out how much money do I need to renovate a house? Our Guide to Renovating a House will answer the most common questions about home renovations. Have you just moved into an older house that needs some TLC?
Have you purchased a newer home and you want to put your own personal touches on it? Or you are selling, and you want to increase the resale value of your home? There’s a good chance that a renovation is in your near future.
While the idea of sprucing up your place and improving its appearance is certainly exciting, it can also be overwhelming. There are a lot of factors that need to be taken into consideration to ensure the job is done the right way. There’s also the financial aspect that needs to be considered.
If you are feeling overwhelmed, take a deep breath and keep on reading this handy guide to renovating a house.
How Much Will It Cost to Renovate a House?
Of all the factors that go into renovating a house, determining the cost is probably the most overwhelming. How much will it cost to renovate a house? There’s no definite answer to that question, as there are so many variables that will impact the bottom line. These factors include:
- The size of the space
- The type of renovation you are planning on (bathrooms and kitchens tend to cost more than bedrooms and living spaces, for example.)
- The kind of materials you will be using (higher grade materials and materials that aren’t as readily available will obviously cost more than lower quality materials that are available in abundance.)
- The region in which you live (the cost of materials and labour costs more in some areas than in others.)
The best way to determine the how much a renovation will cost is to get in touch with a contractor, determine the type of work you want to have done, and check prices for the materials that you plan on using.
Renovating a House on a Budget
At first glance, renovating a house might seem like a project that will be exhaustively expensive. So how much money do I need to renovate a house? That depends on you project.
However, you don’t have to spend a small fortune update your house, add your personal touches, and get the look and feel that you desire. If your resources are limited, you’ll be happy to know that renovating a house on a budget is possible.
But how do you go about renovating a house on a budget? Here are some money saving tips that will yield a big impact:
- Do it yourself! If you’re handy, you could skip out on hiring a contractor and do the work yourself. A contractor is one of the biggest costs associated with renovating a house. Don’t be afraid to pull up your sleeves, put in some elbow grease, and do the work on your own. Not only will you save money, but you’ll also experience a great sense of pride when the project is
- Barter or trade. If you aren’t the handyman (or woman) type, yet you don’t want to spend the extra money on a contractor, consider bartering or trading. If you know someone who is good at painting or has electrical experience, ask them if they’ll do the job for you in exchange for providing them with a service you can offer. Your services don’t have to be handy work, either; you can offer babysitting, cooking, house cleaning, or errand running.
- Small changes = big impact. Small changes can make a big impact and can save you a lot of money. For example, if you’re updating your kitchen, instead of replacing the cabinets, reface them and install new hardware. You’ll spend a fraction of the cost, and the cabinets will look brand new!
House Renovation Order of Works
If you are renovating a house, there is no doubt that you want the project to go as smoothly, yield the best results, and be as cost-effective as possible. To achieve all three, you’re going to need to start out with a plan. Here’s a look at an ideal house renovation order of works to consider:
- Make a plan. Before you even pick up a paintbrush or a hammer, you’re going to want to make a plan. Examine the space, determine what changes you want and need to make, the materials you want to use, and when you want the project to be completed.
- Set a budget. Even if you have ample resources, you’re going to want to set a budget. The cost of renovating a house can quickly escalate, and you don’t want the project putting you into financial trouble.
- Get your permits. Some renovations will require building permits. Find out what, if any, types of permits you are going to need and make sure you apply for them well in advance.
- Get materials. Order the materials you will need before you get started so that you have them on-hand when they are needed.
- Start renovating. Once everything is in place, dive in and get started on your renovation project!
Renovating a House Checklist
To make your project even easier, here’s a quick renovating a house checklist to keep in mind:
- Make a plan. This should include your list of needs and wants. Remember that your needs take priority over your wants.
- Set a budget. Figure out exactly how much you can comfortably afford to spend on your renovation and stick to that number. Don’t forget to allow for unexpected incidentals.
- Establish a timeframe. When do you want your renovation to be completed? Try to adhere to your schedule as best you can.
- Enlist help. Decide if you are going to hire a contractor or do-it-yourself. If you are hiring a contractor, conduct interviews before choosing one. If you are doing it yourself, ask family and friends for help.
How Long Does It Take to Completely Renovate a House?
You’re probably wondering “how long does it take to completely renovate a house?” The answer to that depends on several factors.
So how much money do I need to renovate a house? The extent of the work, how large the project is, the materials that are needed and whether or not there are any underlying issues that need to be corrected. These are just a few factors that will impact how long it will take.