- Know your target market. Talk to local real estate agents to find out who is most likely to be interested in your home, and what that type of demographic are looking for.
- Do not copy other people’s styles and designs – they may not suit your home, and could even devalue it. Share your ideas with a friend who can provide you with critical feedback.
- Create an item-by-item list of what needs to be done rather than doing things in drips and drabs. This will save you a lot of time and money in the long run.
- Work out a renovation budget BEFORE you begin. It is usually recommended that this be 7-8% of the market value of your home. Spending too much more than this could work out the be a waste of money.
- Shop around to find out exactly what everything is going to cost, and do your homework on how long everything will take.
- Don’t spend an unnecessary amount of time renovating. Remember, whilst you are dilly-dallying, the bank is raking in your mortgage repayments.
Image source: crdailystar.com
6.
No comments:
Post a Comment