Being a homeowner involves making financial decisions relating to the property. To renovate or not to renovate?--that is the question.
Not all homeowners have the confidence to make these life changing decisions. Unless you have extensive experience of how to add value to your home via renovation projects, it is easy to make mistakes that could be costly. The keys to a successful renovation are excellent management to ensure that it maximizes profits and to be completed at a high standard.
Revive Concierge is giving homeowners the needed guidance to feel confident during the renovation process. Our experts work with you from pre-renovation all the way through completion to ensure that everything goes according to plan.
There are specific areas where homeowners have trouble building confidence. In this article, we’ll explain how to gain confidence in each of these areas, so you can go on to complete your renovation and maximize the value of your home.
1. Knowing what to renovate
Most homeowners have busy lives and day jobs in industries other than home renovation. One of the reasons many renovations result in homeowners losing money is that they aren’t attuned to think like investors.
In these instances, there is no solid plan before the work begins. Renovation budgets run over, or end up leading to additional unforeseen work. Homeowners also make the fatal error of renovating low or negative ROI components of a house.
We have a team of experts that know what to renovate based on trends, numbers, experience in the industry, and real estate reports. Using this information, we can accurately determine what will have the greatest return on investment for the homeowner.
Not all renovations are equal, though. Some renovations will add more value to your home than others, which is why we work with you to estimate return on investment before getting started. Our expert advice and guidance helps homeowners make those important financial decisions, ensuring that the money is best invested in those renovations that will add value to the property and sell for a profit.
2. Understanding the numbers
When it comes to estimations, practice makes perfect. Not surprisingly, homeowners without real estate industry experience are hesitant when it comes to crunching the numbers involved in a rehab. Some people never get started, others end up losing money.
We accurately map out and explain the options available to you, and the likely costs involved. That way, you’re confident before getting started. We know what sells and will connect you with reputable partners from our vast network so that everything is done according to plan.
Our extensive experience in home renovations means we understand and estimate the costs involved, basing budgets on available materials at affordable rates. It also limits holding costs because our projects are prioritized by our chosen contractors.
Having worked on many renovations, we have already encountered all the possible renovation problems and found appropriate solutions. This proactive and informed guidance means that you as a homeowner can feel comforted that your renovation will run smoothly.
3. Hiring contractors
One of the most important and time-consuming elements of home renovations is hiring the right contractors. Many contractors have the reputation of doing unnecessary and costly work. Most homeowners will not have the confidence to employ independent contractors without hours and hours of research.
Our team only works with contractors whose credentials have been checked and vetted, and who are fully insured. These contractors also have our stamp of approval because of their high quality work from project to project.
Our close working relationships with contractors means we have already demonstrated that they have a quality track record and can meet the high standards set by Revive on behalf of homeowners. Not only does this mean you will have competitive prices for the work undertaken, but your renovation will be prioritized and completed on time.
4. Design that sells
Before starting any renovation, it is important to be aware of market trends and designs that could potentially impact the value of your home. In a fast-moving and dynamic market, homeowners may not always be able to confidently keep abreast of all the latest developments in design.
Keeping a keen eye on the market and knowing the designs that can maximize the value of your home are huge confidence boosters. Our team undertakes comprehensive market analysis before the renovation starts, looking at materials, trending colors, and designs, and sourcing them. Good designs can maximize space and potential, and our experts know exactly what works.
Revive helps homeowners gain confidence
Renovating your home can be a complex and overwhelming process. Especially when homeowners try to transform their homes into turnkey properties on their own. We’re here to guide you and serve as your spokesperson along the way. Let us deal with all the heavy-lifting, research and stress so you don’t have to.