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THINGS FIRST-TIME RENOVATORS NEED TO KNOW - Tip 6

Be sure to acquire the research and knowledge that will allow you to mitigate your risk and give you the best chance of real success.

 

SET A REALISTIC DEADLINE

Things will almost always go wrong during a renovation, so allow some extra time for problems to be resolved.

Factor additional time into your feasibility study, along with additional funds, so you’re not caught by surprise.

If the project will still turn a profit, then and only then should you proceed.

Depending on the size of the renovation, hiring a professional renovator or a project manager for your first attempt can help keep everything on track and within budget.

Just be sure to go in with your eyes wide open, and keep the renovation simple and neutral to appeal to the widest variety of buyers or renters, and you’ll have a greater chance of enjoying a successful outcome.

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Jason Gwerder
Wednesday, 7 October 2020


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