how do i create a renovation plan

How to Plan A Home Renovation

• Step 1. Work Out A Budget The first place to start when planning your renovation is… BUDGET! ...
• Step 2. Gather Inspiration Now, the fun part! ...
• Step 3. Create & Refine Your Scope ...
• Step 4. Design The Space ...
• Step 5. Pick Your Team ...
• Step 6. Get A Final Cost Breakdown ...
• Step 7. Finally, Get Started! ...

Full Answer

How do you create a renovation project plan?

How to Plan a Home Renovation in 5 StepsStep 1: Create a Vision. When to Start: 6-12 months before the project. ... Step 2: Define Your Budget. When to Start: 3-6 months before the project. ... Step 3: Interview and Hire Contractors. ... Step 4: Set Your Project Timeline. ... Step 5: Prep for the Renovation.

In what order should you renovate a house?

As you look to begin your whole home remodel, here's the general order of operations:Planning and Design. ... Demolition. ... Rebuilding/Framing. ... Mechanicals/Plumbing/HVAC/Electrical. ... Walls. ... Flooring. ... Cabinets. ... Appliances.More items...

What comes first in a home renovation?

Renovate Your Kitchen First Homeowners often want to know in what order they should renovate a house. It's best to start with the kitchen because these remodels add significant value to your home.

How do I plan a complete house renovation?

Here's our 9-step planning a whole house remodel guide.Step 1: Get a Clear Vision.STEP 2: THINK ABOUT THE FUTURE.STEP 3: CHOOSE BETWEEN DIY OR HIRING PROS. ... STEP 4: MAKE A FUNDING PLAN FOR YOUR PROJECT.STEP 5: MAP OUT THE REMODEL AREAS.STEP 6: CHOOSE YOUR STYLE AND DESIGN. ... STEP 7: CONSIDER YOUR UTILITIES.More items...•

What is the difference between remodeling and renovating?

Remodel vs. renovate However, for professionals working in one or more of these industries, these terms actually entail two very different things. Essentially, the difference between them is that a renovation refers to restoring something to a previous state, while a remodel refers to creating something new.

Where do you start when renovating an old house?

How to Remodel an Old HouseAssess the Old House. First, hire the services of a surveyor to assess the property and identify issues. ... Research the History. ... Vision and Plan. ... Consult an Architect. ... Structural Issues and Repairs. ... Restore Period Features. ... Plumbing and Electrical Updates. ... Fix the Walls and Redo the Floors.More items...•

What is the best room to renovate first?

If you need to choose which room to remodel first, you'll want to choose the room that will recoup the remodeling costs and create actual equity. This is why experts agree that choosing to remodel your kitchen or bathroom first is traditionally the smartest move.

Should I remodel bathroom or kitchen first?

“Kitchens and baths that are properly renovated and designed are good for living short-term and for long-term goals,” she said. While updating both rooms can offer a return on investment, start with the kitchen. If you have the time and budget, make the bathroom your next project.

What order should I renovate my kitchen?

Tear Out and Demolition. The first step of any kitchen remodel is tear out and demolition. ... Rough-In Work Including Framing and Plumbing. ... Professional Inspection. ... Finishing the Walls. ... Install Doors and Windows. ... Time for Cabinets and Plumbing Fixtures. ... Bring in New Appliances. ... Install New Flooring.More items...•

Is there an app to remodel your house?

Houzz. Consider the Houzz app your one-stop shop for all things home remodeling and interior design. Within the app, you can browse renovation ideas to get inspired, use the virtual reality feature to see what pieces will look like in your home and even hire or chat with professionals with just the click of a button.

How much should you spend on a renovation?

The 5-10 per cent guide The general rule of thumb is to spend no more than five to ten per cent of the total value of the property on renovations, to ensure you don't spend more than what you can sell it for one day (overcapitalise). This is a good guide, but there are other factors to consider, as outlined below.

How do you plan a home renovation budget?

The smartest way to create a home renovation budget is to lay out the renovation projects you want done and price them. Get bids for each individual project, then rank them according to priority and start a detailed budget for the project you want done first.

Is it best to renovate inside or outside first?

Do all of the foundational and exterior work first. It's natural to want to move on to the next phase of your project, but ensure the house is sound before you begin interior work. That means replacing windows and putting on a new roof if needed.

What should be done first walls or floors?

Most people think that painting should be done first to prevent any spills from marring brand-new flooring. However, experts agree that new flooring should always be installed before you have any interior painting done.

What order should I renovate my kitchen?

Tear Out and Demolition. The first step of any kitchen remodel is tear out and demolition. ... Rough-In Work Including Framing and Plumbing. ... Professional Inspection. ... Finishing the Walls. ... Install Doors and Windows. ... Time for Cabinets and Plumbing Fixtures. ... Bring in New Appliances. ... Install New Flooring.More items...•

When remodeling When do you paint?

We recommend painting once all major structural and functional work is done, but before new flooring or carpet is installed. Essentially, floors come last so you can avoid the heavier wear and tear multiple contractors, tools and dust the full renovation brings.

What to do when renovating a house?

What projects are you going to tackle? Is this a kitchen renovation or a complete house flip? Estimate the size of the renovation and then do a walkthrough of each space. As you walk, write down everything that needs to be done in each room from drywall repairs and painting to updating electrical wiring, fixtures, and lighting.

How to evaluate a home renovation?

One good way to evaluate this decision is to look at the size of the project and how much money you are investing into it. For a larger home renovation, you’ll want the oversight of a GC if one is still within the budget.

What to write down when working with a contractor?

If you’re working with a contractor, you’ll want to fully understand what materials they are providing. Usually, they will be responsible for any building materials, but you’ll want to make sure you understand what you’re responsible for buying before making your budget.

Is it worth it to do a DIY home renovation?

DIY home renovations are not for the faint of heart, but with proper planning, they can be extremely rewarding. To save time, money, and stress when you’re ready to remodel, make sure to plan out these six factors BEFORE hammers start swinging. Plus, download our free renovation cost spreadsheet to get you started.

Is a home remodel worth it?

Home renovations of any size are a huge undertaking. The process is grueling, but the results of a remodel can be incredibly worth the work!

Do you have to understand what materials a contractor is providing?

If you’re working with a contractor, you’ll want to fully understand what materials they are providing. Usually, they will be responsible for any building materials, but you’ll want to make sure you understand what you’re responsible for buying before making your budget.

Can you do a project with a general contractor?

Even if you do the project with a general contractor, you’ll still be outsourcing work to other vendors or contractors that may not be from the same company as your GC. Here are a few types of contractors you may need to research:

What is the most important part of a home renovation plan?

One of the most critical components of any home renovation plan is a budget . The sad reality is that many people skip this stage entirely and rush into their project without a plan to pay for it.

What is a home renovation guide?

This guide is designed to help you navigate the home renovation process from start to finish and make the process smooth and enjoyable. Whether you’re new to home ownership or a longtime homeowner, this guide will help you avoid costly home renovation mistakes every step of the way.

What is the common mistake in renovating a house?

One common renovation mistake is applying for a loan with only one lender and accepting their offer right away. Many borrowers fear that applying for multiple credit offers is too time consuming, damaging to their credit score, and exposes them to identify theft.

How does Hearth simplify the process of considering your options?

Once your offers have been gathered, Hearth simplifies the process of considering your options by helping you compare interest rates, fees, total interest cost, monthly payments, and more. Unlike other companies, the core of Hearth’s service lies in educating consumers to make wise decisions.

How much should I budget for a basement renovation?

A wise rule of thumb when planning a renovation budget lies in estimating total project costs and adding 15-20%. My wife and I used this technique when planning our basement renovation, and it helped us to determine how much cash we could afford to spend (without exposing ourselves to financial emergency) and whether we would need to seek affordable financing to complete the project.

Do millennials want to renovate their homes?

According to a recent study by Hearth, 45% of millennials surveyed expressed a strong desire to renovate their homes. Starting a renovation, not just as a millennial , is often the biggest hurdle to leap based on several factors: Existing debt obligations (student loans, auto loans, credit card debt)

Is renovating a house stressful?

The process of renovating your home can be one of the most stressful and overwhelming experiences as a homeowner. Decisions regarding paint colors, decor, flooring, and themes are challenging in their own ways, but larger projects introduce new sets of challenges and excitement.

What is the first place to start when planning a renovation?

The first place to start when planning your renovation is… BUDGET! How much money you want to spend will determine what you are able to do – are you simply doing a general pretty up with a new coat of paint, or are you doing a full-blown remodel? When we started, the first thing we did was work out how much money we could afford to spend, factoring the cost of the property and how much we had/wanted to borrow. Because we are doing a full remodel, with a new level and a complete overhaul, straight away we knew that the budget would be tight, and we would be doing everything we could to create bespoke-inspired style on a budget. That’s the bit I’m most inspired to share with you!

Do you need drawings for a renovation?

You can develop drawings for using an architect, but that said, depending on the scale of your renovation you don’t always need drawings. The bigger and more complex the project the more you should consider drawings.

Can a builder do a renovation for you?

The bigger and more complex the project the more you should consider drawings. A builder can often do a renovation for you without them just going by eye and communication – although in this case you often won’t get the perfect finish (but it might be worth it if your money is tight).

Do you need a breakdown of cost for a remodel?

Whether you’ve secured the builder already or are planning to compare quotes from a few, you’re going to need a detailed cost breakdown of what you’re planning to do . Because we were planning a full scale remodel this break down was huge and we needed to go through each item to review price, this time taking into account the broad cost of fittings and other details. Again, the budget was quite tight so at this point too we dropped a few things off our list, and tweaked the materials.

What happens when you take on a project?

When you take on a project, it’s not only a matter of opportunity cost (what you’re not giving your time to instead since you’re working on the project), but also a matter of how it impacts your daily routines and those of everyone around you. Wood generates a lot of saw dust.

How much does it cost to build a bookcase?

Say you earn $20/hour at your day job. If you build a bookcase yourself and it takes you 20 hours to do it, your labor costs are essentially $400. And that doesn’t take into account the above mentioned opportunity cost for other things in your life you didn’t spend that time on, or the cost of supplies.

Is DIY rewarding?

Truth: DIY projects can be enormously rewarding. That’s why there are so many of us who proudly claim the title of Remodelaholic! There’s a lot of self-satisfaction to be had in doing something yourself. You can potentially create something you couldn’t find in a store.

Is there more to DIY than we think?

Even with good instruction, there’s often more to a DIY project than we think. Be realistic . . . not so intimidated that you never give it a try, but not so naive that you take on more than you can handle.

Is online tutorials more complicated than home renovations?

Often, online tutorials are over-simplified and the person doing them is more experienced, so it takes them less time to complete a project than it would for you to do it.

Can a project push you to learn new skills?

Sometimes a project can push you to learn new skills and improve existing ones. Projects that push you and stretch you are good! But it’s unrealistic to think you can jump from building one set of floating wall shelves to single-handedly renovating a bathroom. Take on a little at a time. Learn as you go.

Is it cheaper to buy ready made or to make it yourself?

In other words, it costs them a lot less to buy the materials, and their process is much faster and more efficient than yours is going to be. Sometimes it really is cheaper and more practical to buy it ready-made than to make it yourself. Your time is worth something. Time is money. Your time is money.

What factors make up the cost of a home renovation?

Keep in mind, many factors make up the cost of a home renovation—including room size, type of work needed, cost of materials and how big the project is. So, if you’re hoping to convert your basement into a bowling alley or put a jacuzzi on your roof (no judgement), the cost of your project might be drastically different than the average.

How much does it cost to renovate a room?

Depending on the type of room you renovate, where you live, and whether or not you’re confident with a hammer, your renovation project could cost around $10–60 per square foot —with some projects costing up to $150 per square foot.

How much does it cost to renovate a 2,000 square foot home?

Well, if you live in a cozy 1,000 square-foot home, renovations will probably cost $10,000–60,000, while renovations on a 2,000 square-foot home could cost $20,000–120,000. 1 Ouch! Good thing you’re planning ahead. Find expert agents to help you sell your home.

How to increase home value?

Home value: If your primary purpose is to increase home value, prioritize projects that will earn you more money at your home sale than you spent on them. For example, projects like new roofing and new wood flooring earned renovators 6–7% more at resale than they spent on the projects. New roofing also ranked the highest of 20 renovation projects for helping to close a sale. 5

How much does it cost to paint a 120 square foot room?

DIY paint job. It can cost anywhere between $200–800 to hire someone to paint a typical 120-square-foot room—but DIY costs $100–300! 10 So you could save half the cost by picking up a brush to paint the room yourself!

Is it smart to pay for a renovation?

If you want to be smart about paying for your renovation project, cash is the only way to go. Sure, you’ve probably heard of fancy financing options that get you into debt—like a home equity loan or a home equity line of credit (HELOC). But debt is dumb! Renovations aren’t worth borrowing what you already own of your home (that’s called equity) to pay it back—plus interest!

Can you get exact cost estimates from contractors?

Keep in mind, you won’t be able to get an exact cost until you talk with actual contractors (see #3). But digging around online will give you ballpark figures so you can be realistic about what you can get done with your budget.