With all of the extra time we’ve been spending indoors this year, chances are you’ve started to look around your home and spot some things you’d like to update and change. Constant togetherness can be a great thing, right up until it isn’t. To top it off, your international vacation was cancelled… why not put that money towards an renovation?
Our homes are now serving not only as shelter and refuge, but also as workplace and school and gym and theater and restaurant and bar and laundry. Knowing that bigger is not always the best solution FUNCTION should be the core value.
Realtors and design experts expect that among the trends that could emerge from the pandemic are more minimalist design and easy to clean decor and surfaces, a preference for multi-purpose spaces and more closed-concept floor plans to provide more privacy.
1. If you are aware that your home is not working for you as it is, you should start talking about what you need from your home.
2. Planning & Budgeting
The budget is one of the most important things to plan at the start of a renovation. This is always tricky to determine for a couple of reasons:
a) Most people know how much they want to spend, but they don’t know how much things actually cost. If your budget is set such as $50K, then you should consult to an interior designer before you start getting quotes from contractors, because rectification or any design hiccups may cause you to pay more than you originally wanted to. By consulting a designer, you are going to get a professional assessment of your space, needs and budget which will help you save time and money.
b) Renovations can open up some unexpected costs that weren’t budgeted for. Some of the things homeowners tend to forget when planning their budget are demo & dumpage fees, permits, possible asbestos removal, required upgrades, added % by contractors, and unforeseen incidents. Things that are also not taken into consideration that don’t involve the actual work are accommodations if you have to stay somewhere else during the project, or if you’re doing a kitchen renovation planning for lots of take out meals!
Selecting your finishes before the renovation starts gives you time to shop around for ideas, find alternative suppliers and keep an eye out for sales. Consulting a designer about finishes and colors before you start renovation would help you to make sure you will achieve the look you want which will save you time and money at the end. Designers know the latest trends, what will be out of style before your renovation is complete, and can create spaces you didn’t even know you could have or wanted!
You should always keep in mind your property's' resale value while renovating. The general rule is that kitchens and ensuites are the best investments. Custom cabinets are always my first choice if you have the budget. One place to save money is going with ‘readily available’ cabinets and having a finishing carpenter install and add custom trim pieces with some great hardware to give your estate an overall custom look.
An interior designer can help you make the best decisions for your home that will lead to increased value. This is especially true when designing kitchens or bathrooms; two rooms that are the most expensive to renovate, but also the most likely to add value to your home. Your interior designer will guide you to the finishes and materials that will stand the test of time and appeal to a wide range of buyers.