Planning a kitchen or bathroom renovation in Sydney?

Although kitchen and bathroom renovations in Sydney will often increase the value of your home, they can be expensive and a drain on your finances. Regardless of whether you are renovating with the intent of selling the home, or to improve living conditions for yourself and your family, you should consider a few things before hiring a Sydney renovation builder and beginning work.

Get advice from Sydney renovation and property experts

If you are planning to sell your home soon after the renovation is completed, contact a local Sydney buyers agent for advice as to what buyers are looking for. This will help you determine how to spend your renovation budget. Additionally, consider having your home valued before renovations begin, knowing how much your home is worth will help ensure that you do not over capitalise.

Determine your renovation budget and know your limits

It is a good idea to work out your budget before approaching a lending agency to finance your renovation. Make sure you include a 20 per cent buffer to handle any unexpected costs that will arise. If possible, remain living in your home during the kitchen and bathroom renovations, as it will save you money on storage and rent.

Unless you have plenty of funds to pay off your debt quickly, do not finance a renovation project with a credit card. Instead, consider taking out a loan that you can either use at one time or access over the duration of the project.

Communicate

It is extremely important that you communicate constantly with your project manager or renovation builder throughout the entire project. This will ensure that you are quickly notified about any additional expenses or required changes and can address them. Communication will also help you to keep a close eye on your budget.

Don’t do-it-yourself

A kitchen and bathroom renovation project is often too big for a DIY project. Although you may be able to do some of the work yourself, it is a good idea to hire a qualified renovation builder for structural, electrical and plumbing work.

Don’t cut corners

Of course, it is a good idea to be as cost effective as possible, but do not scrimp so much that you are cutting corners. Kitchen and bathroom renovations in Sydney often give you higher returns than any other types of renovations and quality work will last much longer and help to sell your home. Ensure all work meets or exceeds building codes and people’s expectations.

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