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Obviously, the first step is to establish what the most urgent renovations are. You may want to redecorate your living room, but if the roof needs to be replaced, it should be considered a priority. Continually putting off a home\u2019s basic maintenance needs can lead to expensive emergency repairs later on, such as fixing or replacing a broken water heater.<\/p>\n
It\u2019s also essential that you inquire about project costs before getting started if you want to avoid unpleasant surprises when the bills start rolling in. According to a survey by the CIBC, Canadians said that they would spend an average of $17,000 on home renovations in 2015.<\/p>\n
Renovating the kitchen and bathroom are almost always profitable investments, along with finishing the basement and refinishing the floors. Other types of renovations are nice but add little value to the home, such as the addition of a pool or skylight. Always use common sense. For example, don\u2019t get carried away and spend $100,000 on kitchen renovations in a home that\u2019s worth $200,000. It\u2019s also a good idea to resist the latest fashion trends and many extras that can inflate the bill.<\/p>\n
If you\u2019re a handy type of person, it can be very economical to do the renovations yourself, as you will save on labour costs. You simply need to buy the materials and take the time … and have the necessary expertise! If you\u2019re feeling confident, the savings can be substantial but shoddy work can also end up costing you more. It\u2019s better leave the heavy duty work, such as roofing and plumbing, to the professionals, while you get your hands dirty painting your child\u2019s bedroom, for example.<\/p>\n
Good luck with your renovations!<\/p>\n
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Source: Centris.ca<\/sup><\/p>","protected":false},"excerpt":{"rendered":" It\u2019s a well-known fact that when planning major home renovations, the risk of cost overruns is very real. How can you prepare a budget that will actually match your cost projections? IDENTIFY YOUR NEEDS Obviously, the first step is to establish what the most urgent renovations are. You may want to redecorate your living room, […]<\/p>\n","protected":false},"author":1335,"featured_media":1800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[11],"tags":[],"class_list":["post-1883","post","type-post","status-publish","format-standard","hentry","category-deco"],"acf":[],"yoast_head":"\n