A renovation is a great way to boost your property value and improve a home’s liveability. Unfortunately, renovation horror stories are a dime a dozen. You’ve likely heard a few doozies, and perhaps you’ve even told some yourself from personal experience. From lost deposits to blown budgets and missed deadlines, these scary tales are enough to keep you up at night. And the worst part? They can happen to anyone.
The truth is, the average homeowner likely doesn’t know everything they should in order to successfully manage a renovation project, according to the experts at RenoMark, an organization established by GTA-based Building Industry and Land Development Association to identify professional contractors who abide by a code of conduct. Where do you start, how much should it cost, how long will it take, and who can you trust to complete the work? All valid questions that need to be answered before the shovels hit the ground.
That’s not to say that you should forego the reno. When done right, the gains you’ll see in your property value will be worth the expense and inconvenience that often accompany a home renovation. Here are five things every homeowner should know before those shovels hit the ground.