Many of our clients love the look and feel of an older home—and we love what they love! But the biggest concern that we like to communicate with our clients is the dangers lurking behind their
Why You Should Live in Your New Home Before Beginning Renovations
If you bought a new house, you may want to wait to do renovations until you’ve lived in the home for at least 8 months.
At PC275 we deal with a lot of families, and one of the most stressful projects we’ve seen clients take on are those who rush to breakdown walls before they have even settled in. We have taken our experience with clients and turned our knowledge into a 5 Step Guide as to why you should live in your new home before renovating!
- Living in the Home Could Change Your Mind
When you live in the house your ideas of what needs to change will differ. You will grow to like some things or find a way to alter them through art or a quick paint job instead of going straight to an expensive demo. The most common reality is that people will find things that they would rather change after they live in the house for some time. The new problem areas that arise often take priority above the few things you had noticed when you first bought the house.
The bottom line is, you won't know what works and doesn’t work for you in the house until you have actually lived in it. By living it you can prioritize what needs to be changed first and what can wait a few years.
- You Need a Break
Buying a home can be a stressful process, especially if you have young kids. People think remodeling is a great idea before they have had to undergo moving their family, switching schools, unpacking, and more. The biggest reason we recommend our clients to hold off is that it takes a few months to really get settled in. Once the new house starts to feel like ‘home’ it’s often not a great time to re-stir up chaos for the family.
3. Do Your Research
A home renovation can be more stressful than the buying and selling process. There are so many things to consider before you launch into a reno, some factors include, will you live in the house during renovations or somewhere else? what is the max budget you can afford? and what timeline are you looking at?
If you are going to be living through the reno’s how will your family adapt to the surplus of people who will be working throughout the house? How will this factor into high-stress times like exam seasons? Outside of more family questions, you also have to research what contractors you will use and what projects you will want to undergo. You want to make sure you are hiring someone good and you also want to be sure you know exactly what you want. In order to do the reno well you really have to plan and do your research so keep this in mind before you jump into anything right out of the gate.
4. Time & Budget
Time and budget are other huge factors you want to take the time to consider before jumping into a project. You want to add at least 6-8months onto the developers projected timeline as reno’s seldom go to plan. If it took you a year to find your dream home, purchase it, close, and move in, do you really want to add another year of disarray? For many, it may make sense to have a year to chill out and enjoy the new house before you enter into another period of a mess, stress, and expensive bills.
Budget like time is something that never seems to go to plan. A general rule of thumb is to have at least 30% of the total reno budget available for bleed. The extra 30% will sit in your bank as a lifeline to use in case something goes wrong or you purchase something that was out of the plan. People often make their budget the strict amount of money that they can afford to spend and don’t plan for the things that will pop-up. Something always pops-up, whether it's falling in love with a more expensive island at the furniture store or a contractor comes across a broken pipe.
There is no harm in having extra bleed room there's only risk if you don’t pre-plan for extra or hidden costs!
5. Find Ways to Save
DIY projects are a great way to save cash but finding the right DIY solution takes time. Maybe you want a full bar in the backyard and a fire pit to hang out at with the kids. These are both things that you could do yourself and save a few grand. However, finding the right project and the time to do it gives you another reason to wait for the reno. Pinterest is a great asset to use during your research phase. Additionally, the more projects you do yourself the more you can save for the things you can’t do yourself. This is a great way to save money and spend on things you have to!
At PC275.com, we have great DIY blogs that you can access for easy-to-do at home products. Check out our blogs today like the 7 Step DIY Guide to a Fire Pit!