Home Renovation & You: The Not So Positives
Like most things in life, renovating your home isn't a black and white process. While there is a considerable list of positives in the process to consider, there can also be some negative factors that need to be understood before you commit to a project of this scale. Thankfully, just like we were able to help you better understand the positive aspects of a renovation, our team can also help you come to grips with the drawbacks, too.
It's Going To Look Like A Low-Budget Warzone Set For A While
Whether you're getting work done on your home or you're doing the work yourself, it's not likely to be something that you can just punch out on the weekend. Unfortunately, you're going to need to be prepared to spend months and months living within an active construction site, which can quickly lead to a rapid increase in stress in someone's life. If you've got children, the situation is commonly considered to be entirely untenable, though adults are capable of making the best of it so long as they're equipped and prepared for the challenges ahead of them.
Costs Are Going To Pile Up Quickly
Of course, if you don't like the sound of living with a small concert going all day long in the next room over, then you might consider hiring out a hotel room or some other such temporary home during the construction process, but to be honest, that's going to become costly quick, especially if you're also paying for your home's mortgage at the same time. It's incredibly important that you factor this cost into your budget from the very beginning, even if it only an option that you are considering, not one that you've entirely committed to just yet.
Sadly, that's just one of the ways that this is going to cost you more than you intend. The costs of materials and labour tends to skyrocket pasts quotes once work begins, as all sorts of unexpected costs begin to crop up. There's no real way to predict these costs, so it's best just to account for the total cost of the project being marginally higher than the quotes you receive. If the final product costs as much, or even less than the initial quote, that's just an added bonus.
Finally, if your home does increase in value, your long-term maintenance costs are going to go up. Many councils exact a property tax that is based on the value of that property, so if you renovate your home and the value goes up, so does your tax obligations. That's not something you're going to want to hear for the first time once work has been completed, so make sure you're familiar with your local laws.
Ring The Professionals
Here at Go Design Solutions, we can help you with all residential drafting, including keeping a home renovation under control. To see how we can help you with all drafting in Penshurst, you can check out our portfolio, or call us on (02) 8091 0588.