Key Reno Considerations

Dear Renovating Realtor: I am about to undergo a minor renovation of my property to make it more appealing for resale. What are some key things to consider when undergoing a renovation?
-Thanks, Stressed Owner.

Hi Stressed Owner: I understand this time can be stressful, but if you look at it from the perspective of an opportunity to really bring out your own lifestyle in your space- this is your chance! Before you start make sure you plan, plan, plan! Some things to consider: never accept a quote over the phone when hiring a contractor; a good contractor will always need to see the project before quoting the job.

Have a plan and set a clear budget with wiggle room built in for upgrades and unexpected issues that arise. A good rule of thumb is to leave about 10 – 20 % in your budget for this. If you need to hire a tradesperson, it is your right to request to see their certifications and credentials.

Finally, should you require anything to be significantly altered, an Architect or Engineer may be necessary; be sure to check your local by-laws to see when this may be the case. If time is an issue, build this into your planning phase as city and town by-laws can hold up your project if you do not plan for them. Hiding your head in the sand and not being aware of what is happening with all aspects of project is what causes stress.

If you have your finger on the pulse it will hopefully decrease your anxiety level and in most cases the improvements you have decided to do will add value to your home on resale. It will be worth it in the end!