Tuesday, November 25, 2008

Stay sane during renovations

Remodelling an existing home rather than buying a new property is becoming a popular option in the current tough credit climate.

But, says Berry Everitt, MD of the Chas Everitt International property group, while renovations can increase the value of a home, owners should not lose sight of the inevitable disruptions the process will cause and the need to be properly prepared to deal with them.

Writing in the Property Signposts newsletter, he says detailed project planning is the first step, whether the owner supervises the process or leaves that to a builder or architect. "It is vital to understand all the implications of the planned work and double-check that all eventualities have been taken into account - complications that crop up because of poor planning can drag out the alteration process and wreck the budget."

The second step is to devise strategies to minimise the disruption to daily routines once the renovation gets under way. Homeowners should for example map out which parts of the house will be affected and plan alternative arrangements, especially if they are renovating a kitchen or bathroom.

They should also take into account what will happen if the electricity or water supply needs to be disconnected during their revamp. It is also wise to remove and store all breakable items to prevent damage and to cover furniture to protect it against dust.

"If the planned renovations are extensive, it might be better to move out of the house for a while, especially if you have young children. And if you do elect to stay put, you must plan how children will be kept out of the way of work in progress and away from building materials and tools," says Everitt.

"And finally, be sure to arrange with the contractor that no advance payments will be made. Materials should be delivered on site before you pay for them and the project, or an agreed part of it, should be completed to your absolute satisfaction before you part with any money."

Issued by Chas Everitt International

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