Real Estate Business
Steps to Remodel a Property
Even when all the conditions are ideal, renovating a property can be difficult. But today’s supply chain bottlenecks provide a significant obstacle for property owners to remodel their buildings.
The early epidemic era, when basic supplies were impossible to obtain for months on end, is long gone. In reality, according to Tara Dennis, co-founder and director of the design firm Archie Bolden, the availability of building materials has improved significantly over the past 12 months.
Still, delays in receiving the supplies needed for renovations still need to be solved. It’s crucial to understand how to get around that if you’re going to start a significant home renovation job. Here’s how to remodel in spite of a dearth of building supplies.
Think Ahead Before Remodel
It’s crucial to realize which home improvement projects need more thorough planning than others.
Stacy Elmore, co-founder of The Luxury Pergola, SEE Home Improvements and LouveRoof Luxury Pergolas, said, “Homeowners need to budget the most time for bathroom remodels, kitchen remodels and outdoor renovations due to supply chain issues.
“These types of projects typically require a wide range of materials, many of which are in high demand and may be difficult to obtain in a timely manner.”
Furthermore, Dennis advises renovators to use particular caution while working on projects that involve plumbing.
“Plumbing fixtures can come from abroad,” she said. “Those things can’t be made and bought overnight.”
Supply chain issues may cause even seemingly easy home improvement projects, like a cosmetic bathroom redesign, to be delayed, so it’s crucial to conduct some research and have a plan in place before you begin.
“People need to be self-educating a lot earlier,” Dennis added.
“Consumers need to go into it with their eyes wide open,” Angie Hicks, chief customer officer and director at home improvement network and information company Angi, agreed to the statement.
“Supply chain issues can pop up in weird spots. Have frank conversations with home contractors to know what to expect.”
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Be Adaptable or Get Ready to Wait
You can only predict when the exact tile, cabinetry, or appliance you want will become available. Hicks contends that flexibility pays well when it’s possible. For example, a bathroom remodel that goes more quickly could be achieved by switching out one type of tile for another.
Having said that, it’s understandable why you wouldn’t want to cut corners on any one aspect of your remodel given that you may be planning to spend a significant amount of money on renovations.
Hicks advises not wasting energy getting irritated over delays and instead just getting ready to wait things out if that is the case.
Wait Till You Have the Necessary Materials Before You Begin the Work
Specific remodeling initiatives disrupt daily life more than others. It’s one thing if installing new tiles causes your guest bathroom to remodel to be delayed. On the other hand, that restroom probably doesn’t get much usage anyway.
The type of project that could have a substantial everyday impact on your sale is redesigning your kitchen. And in that case, Hicks suggests delaying starting the task until all of your supplies have arrived, if at all possible.
Since your cabinets and countertops are back ordered owing to a material shortage, the last thing you want to do is tear apart your kitchen only to have to wait four weeks to start the next phase.
Consult with Providers of Storage Facilities
The suggestion by Hicks to postpone improvements until your supplies arrive is excellent. However, it might not always be possible.
After all, unless you have an extra-large, vacant garage that you can use for storage, acquiring equipment in advance probably won’t work for you if you’re remodeling your kitchen.
Because of this, Dennis suggests that if you’re performing extensive renovations, you engage with contractors who have storage facilities.
“They’ll have room to store your materials if you buy them ahead of time,” Dennis said.
In Case You Can’t Acquire What You Want, Increase Your Renovation Budget
When supply chain shortages are still a problem, making a tangible compromise can be your best chance of avoiding delays.
However, changing your countertops, tiles, or appliances may include more than just going with a new color scheme or atmosphere. Additionally, it can require higher spending.
Adding extra money to your renovation budget could also spare you the headache of dealing with delays that will inevitably occur despite your best efforts to plan ahead.
Because of that, Hicks stated: “Pad your budget in case you can’t get the item you want. You might have to pivot to another.”
Hicks warns that if you’re redesigning your kitchen and it takes longer than expected, you could have to eat out more frequently. To avoid being caught off guard financially, consider the cost of home modifications other than the materials for construction and renovation.
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In 2023, improvements in a home’s energy efficiency are expected to soar. First, these home upgrades lower energy and utility costs, providing a much-needed break during periods of rising inflation.
The Inflation Reduction Act is the second factor to consider.
Many Americans will be trying to take advantage of these money-saving options before they expire because the legislation passed in August offers a plethora of tax credits and other incentives for Americans who go green.
According to experts, several alternatives are available for anyone wishing to improve the energy efficiency of their homes.