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FAQ
Can I do the whole renovation myself?
If you are able to do it yourself, why not pay someone else?
It doesn't really matter how much you love DIY. There will always be times when you just can't do it. You may not be able to control all the variables.
An example: If your house is older than you think, it might be that the wiring is unsafe. You will need an electrician to inspect and make sure that your system is reliable and safe.
Also, you should consider that some structural damage may not be possible during renovations.
Additionally, you may not have the right tools to complete the job. For instance, if you are planning to install a new kitchen sink, you'll need to buy a special tool called a plumber's snake which is used to clear clogged pipes.
You must also follow plumbing codes to ensure that a licensed plumber is working on your project.
It is important to understand your capabilities before embarking on such a large task.
If you are unsure if it is possible to do the job on your own, ask friends or family members who have worked on similar projects.
They can advise you on the steps you should take and where to look for further information.
Is it better to hire a general contractor or a subcontractor?
It is more expensive to hire a general contractor than to subcontract. General contractors have many employees so often charge their clients a high amount for labor costs. Subcontractors, on the contrary, hire one employee and charge less per hour.
Is there any way to save money when renovating my home?
You can save some money by doing as much of the work yourself as possible. For example, you could try to cut down on the number of people you use during the renovation process. You can also find ways to reduce costs for materials during the renovation.
Statistics
- Most lenders will lend you up to 75% or 80% of the appraised value of your home, but some will go higher. (kiplinger.com)
- Design-builders may ask for a down payment of up to 25% or 33% of the job cost, says the NARI. (kiplinger.com)
- They'll usually lend up to 90% of your home's "as-completed" value, but no more than $424,100 in most locales or $636,150 in high-cost areas. (kiplinger.com)
- A final payment of, say, 5% to 10% will be due when the space is livable and usable (your contract probably will say "substantial completion"). (kiplinger.com)
- ‘The potential added value of a loft conversion, which could create an extra bedroom and ensuite, could be as much as 20 per cent and 15 per cent for a garage conversion.' (realhomes.com)
External Links
How To
How to Renovate an Old House
Let's start by deciding what type of renovations you would like to undertake. This could include everything from simply updating your kitchen appliances to completely transforming the whole house into something new.
Once you've decided what sort of renovation you want to carry out, then you need to think about how much money you have available to spend. You might find that you don't actually have enough funds to cover the full cost of the entire project. This is a sign that you may not have enough funds to cover the entire cost of the project.
Before you start work on your renovations, there are a few things you should consider. It is important to get all permits necessary for your job. You might also need to check whether you need planning permission for certain types or work. For example, if you plan to add extensions to your home, you might need to apply for building consent.
It is a good idea to verify with the local council before you begin work on your house. Also, check whether you need planning permission for each part of the house that you intend to renovate. You might also need to check with your insurance provider if you are undertaking major work such as installing a roof.
Next, you will need to decide on the tools and materials that are best suited for your job. There are many options, so take the time to thoroughly research them. You will use paint, wallpaper paste or flooring for your renovations.
It is important to evaluate the quality of these items when you are shopping for them. Good quality products will last longer and be more cost-effective. You should only buy what you need when purchasing anything. It is important not to buy too much, as you may end up wasting valuable resources or having to throw out large quantities of material. Instead, purchase only what you need.
Once you have chosen the materials, it is time to plan where you will store them while you work on the property. If you're remodeling a large portion of the house, you may need to rent storage space to store your materials until you're ready for them to be returned inside. Alternatively, you could ask family members or friends to help you move all the items around.