Before you start swinging a hammer at your walls there are some things to consider, whether you’re renovating to sell or renovating your dream house.
It’s important to remember renovation is a long term investment; your decisions will have important consequences down the line.
If you don’t plan on selling you property straight away you are making a lifestyle investment rather than an investment for a profit. This means that instead of buying the cheapest bathroom taps or painting in neutral colours that potential buyers like, you are able to splurge on what you really love and what you know you will continue to love in 20 or 40 years!
Here are five things you should always remember whether you’re renovating for profit or love.
Have a clear strategy
Plan ahead and set yourself targets. A timeline that you review at least every few days is a great way to stay on track.
Don’t forget about the Council
Getting council approval can take some time so it’s best to get a start on it early. Requirements differ from council to council but you will have to complete a formal development application for the property and you will also have to put forward proposals and building plans.
After you’ve presented this to the council you have to wait for approval, so don’t spend too much money and get ahead of yourself before being sure you can proceed as planned.
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