Home Renovation. Friday , September 21st , 2018 - 20:24:19 PM
Actually, home renovation will not burn a very big hole in a homeowner's pocket as long as one knows how to estimate the cost of the project. Having a good understanding of the factors that may affect the renovation costs will help a homeowner in planning the whole renovation process so it will fit hisher budget. The size of the house that needs to be renovated should be taken into consideration. The bigger the house, the higher the costs. On the other hand, there are instances wherein not the whole house but only parts of it (perhaps the kitchen or the living room) are the only ones that need the renovation. In either case, whether the whole house must have the makeover or just a particular room, the size or the area (usually in square footage) that needs the work must be taken into consideration in calculating the cost.
Back this up by pulling out the home inspection that you had done when you first bought the home and going over it again (after you've blown off the dust). Make a list of the possible issues and prioritize them into those that are urgently needed and those you can live with. A very basic risk assessment would look at each item and give it a score of high, medium or low for the two categories of likelihood and consequence. Those that come out high-high, high-medium or medium-high are the most urgent and should be dealt with first.
If there is an effect you are observing you will have to think about all the possible causes and rate them accordingly. For example, a stain on the ceiling could be due a leaky roof, but it could also be due to a leaky pipe. Be sensible though (you have to stop somewhere) - it could also be spilled tea from a squirrel tea party, but it is quite unlikely. If it turns out that there is a significant issue, don't panic. Work on a plan and a time-frame to get it done. Talk to the contractor you choose to find out if the situation is extremely urgent or can be sat on for a couple of months or even a year or so. Understand that the money you are spending is buying you peace of mind and saving you long-term financial heartache, and know that there's always time to have your gâteau once you're certain you're breathing properly.
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