Why You Should Wait Before Renovating A New House
Have you just bought a new house? Don’t start renovating it just yet! After all, you’ve just spent hundreds of thousands on a house. You don’t really want to spend more money as soon as the opportunity comes along. So take a minute and use the time to go through the issues below. If you run into any of these troubles, you’ll thank yourself for being patient with your budget.
Your Budget May Be Needed Elsewhere
A new home might need sudden fixes or new security fitted. Indeed, the real cost of home security is astounding! With no money left in the budget for cameras, new windows, or new fencing, you’re taking a risk with your possessions. Assess these needs before anything else. A good budget stretches to cover the essentials, and any renovation can wait until you’re safe and sound.
You Should Double Check Your Renovation Plans
A renovation plan shouldn’t be set in stone. If you want to fix up the property, draw up the proposed new layout. If you’re adding an extension, you must be sure you have the space to do so. If you’re converting the loft, double-check that the roof is the right height. A little goes a long way. If you want to renovate, don’t rush into it. Double-check the ideas you want to invest in and if they’re realistic.
You Could Do with a Little More Budget
Building your budget back up is never a bad thing. Taking your time after moving in allows you to do just this. You can put more pennies in the pot for a bigger and better renovation later on. And seeing as a new house can sink your finances, waiting removes that sense of financial anxiety.
A little more budget gives you a better chance of achieving your property dreams. If you can, put some money away once a week – around 20% of your income is the number to aim for.
You Should Never Rush Finding a Contractor
You need to have someone you trust working on your new home. Unless you already know someone, finding a trustworthy contractor will be impossible. You need at least a month to gather quotes and build relationships with local contracting companies.
You want to have at least one face-to-face meeting with them before signing a contract for the required work. Ensure you like their attitude and are willing to allow them into your most private space. A good contractor is more than worth their price.
You’ll have a much stronger chance of renovation success if you wait a little while. You’ll have more money, more time, and better plans to work off of. And the more you shop around for contractors, the more trust you’ll have in their work. If you’re already paying a high price, you’ll want to put equal effort in!