How To Renovate Your House Within A Budget

home renovation, real estate investment

Properties tend to depreciate when they are not well maintained. Periodic home renovations can go a long way in preventing major damages that would cost a lot more to repair. But sometimes home renovations can be financially draining if one does not carefully plan on how to go about it within a budget. Home Renovation involves different processes such as painting, remodeling and sometimes complete overhaul of the initial design.

Why You May Need a Home Renovation?

Home Renovation enables you to effect changes in your house that would suit your current needs and preferences. Instead of moving entirely to another house or property which would definitely cost more, you can channel a certain amount of your finances into remodeling your house such that it looks as good as new. Home renovation also helps you fix technical issues in your house such as roof leakages, electrical problems and so on.

If you’re planning to put your property on the market for sale, then you have to increase its value by carrying out necessary repairs to improve the aesthetics and make it fit for inspection. You might also have to carry out upgrades that would be in line with current trends and standards. This would help you make it easier for you to sell your property and also make greater profit.

Check out: Questions to Ask Your Real Estate Agent in Nigeria

home renovation, real estate investment

Tips to renovate your home

For you to effectively renovate your home, you must have a clear picture of what you want your house to look like once you are done with the renovation. In planning this, you have to identify the key areas that would make the most impact and also fall within the confines of your budget.
Some of the areas within your house to look out for when renovating your house include:

Foundation: This is the most important part of any building. When carrying out your renovation, you have to scrutinize the foundation. Check for cracks or any sign that might spell trouble and carry out the necessary repairs.

Roofing: Leakages can start to occur over time in a building. This is also a very important part of the renovation. There is no point beautifying the insides of your home if the roof is leaking or the basic things are not in place as this could lead to greater damage.

Windows: You can decide to change your windows if the current one is outdated or no longer serving its purpose. Windows also add to the aesthetics of your home and should be given priority as well.

Doors: Your security is of utmost importance. In carrying out a renovation, the doors are a very essential part of the process. If your budget would not be enough for you to change the doors, you can repaint them to give it a new look but most importantly ensure that the locks are still working perfectly fine.

kitchen, home renovation tips

Kitchen: There are so many decors that could work for your kitchen while also considering the amount of space available. You can choose to redecorate your kitchen to a more updated version. Also check for leakages in the pipes and ensure that the utilities are working fine.

bathroom, home renovation tips

Bathrooms: You should also check for any leakages here and ensure the taps are running and sinks are flowing with ease.

Read also: What You Need To Know About Shortlets

While fixing your budget ensure you give room for certain factors such as increase in the price of materials and other areas that might come to your notice in the cause of renovating.

Living room, real estate, home renovation tips

How much does it cost?

There is no fixed cost for renovating your house as apartment types and properties differ. Renovating a duplex would definitely cost more than renovating a two or three bedroom apartment. What is important is that you fix your budget and work accordingly. 

At MKH, we are passionate about guiding you on how to make the best investments and we offer a wide range of valuable real estate investment opportunities that you would want to take advantage of. You can contact us here for more details.

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