22 Dec 5 Tips for Planning A Successful Condo Renovation
Condos have continued to grow in popularity over the past decade, as modern homes, they are known for their coziness, aesthetics, and functionality. Since they are usually smaller than traditional homes, you would assume that condos are seemingly easy to renovate. However, due to their smaller size, if you don’t plan your condo renovation properly, you can end up wasting space and not meeting your condo’s potential.
If you are ready to embark on a successful condo renovation, you should take note of the following 5 planning tips.
Understand the rules for your condo renovations
Before getting in touch with a condo renovation company, you should first dedicate some time to learning the rules set out for your condo renovation. Generally, each condo building has some specific rules set out by the board for any renovations. These rules can often affect your material selection, the types of modifications you can do, cosmetic decisions, the time that the renovations can take place, the use of elevators and much more. You may also need to get approval from the board before beginning to renovate your condo.
Decide who you are renovating for
While some people renovate their condos for themselves, others do so because they want to get the best return when they sell their unit. Nevertheless, you need to understand who you are renovating the condo for before you begin planning. When renovating a condo for yourself, you can opt into any upgrades that suit your particular needs and preferences. This includes colours, finishes, flow and storage. Ultimately, you are who you are trying to please. However, when renovating your condo to maximize profits when sold, your major concern should be aesthetics and functionality. You should avoid using high end finishings and choosing bold designs and colours as they limit your potential reach with prospective buyers.
Have a realistic budget and stick to it
How much can you afford to spend on a condo renovation? This is an important question that can affect the planning of your renovation. You need to have a budget that you can afford and is suitable for the kind of renovation you want to execute. Notably, the budget should include the cost of upgrading décor, furniture, appliances, and fixtures. Also, remember to add the cost of professional fees, labour, materials, and renovation approval. In addition, you should add an extra 10% to your budget to take care of any unforeseen expenses.
It may be tempting to try and save money by completing your condo renovation on your own or with the help of friends and family. Unless you or your friends are experienced contractors, it is best to leave the renovation to the experts. Professionals have the experience and the know-how to help with your layout, the choice of materials and the completion of your renovation to turn your dreams into reality.
It is important to note that a condo renovation project can be quite limited due to the rules involved, space limitations, and other unforeseen issues. If you are too rigid in your planning, it can be difficult for a condo renovation company to execute the project.
Therefore, being flexible with your plan and prioritizing the most important aspects while flexible with their execution will help ensure the successful completion of your renovation.
Above are just 5 helpful tips for when it comes to a condo renovation. There are many other aspects you need to plan for and consider, including where you will stay during the renovation, incorporating additional storage throughout your condo and the flow of your space. Partnering with an experienced, professional condo renovation company can help make your entire condo renovation experience a good one.