DIY television shows can lead you to believe a major renovation can be completed over a weekend but the reality takes longer and involves some stress before you reap the rewards.
Here’s a guide to minimising the drama.
- Do your research
A risk with a renovation is overcapitalising or spending too much in ways that cannot be recouped when you sell your home. Speak with experts, such as a local real estate agent, to gain an insight into the features that might maximise your investment, especially if you intend to sell the property in the near term.
- Consider an architect
A local architect can bring tremendous value to your project, delivering a design, budget and guidance on the best materials. They can also act as your project manager and should know reputable builders.
- How to select a builder
If you’re not using an architect, word of mouth recommendation is a reliable method. Don’t choose a builder only based on their finished work. You’ll have no idea of how the project rolled out. Get references from clients.
- Understand contract details
A builder’s contract will include the finalised plans, budget, completion deadline and caveats around issues for which the builder might have to increase their price. The Master Builders’ Association has a standard contract. Once signed and the cooling-off period has expired, you’re locked in.
- Materials and quality matter
Be specific in the contract about the quality of materials and workmanship. This will require scrutiny of your contract. Double-down on the list of materials to get what you want. If you change the spec, you’ll add to your costs. Don’t tolerate vague statements from your builder. Everything discussed should be specific.
- Ensure you’re insured
Before work commences, inform your insurance company of the temporary changes on your property. Your policy may need a temporary adjustment to cover theft of building materials.
- Make inspection
If you’re not living on the property during the renovation, make regular visits to check progress and the quality of work. Tell the builder that you expect the project manager or foreman to be on site on each occasion.
- Hire a certifier
A certifier oversees work that requires specific approvals from council and suppliers of water, electricity and gas. They should ensure there are no shortcuts that need an expensive remedy down the track.
- This article is provided for general information only and does not take into account the specific needs, objectives or circumstances of the reader. Before acting on any information, you should consider whether it is appropriate for your personal circumstances, carry out your own research and seek professional advice.