Avoid these 4 Mistakes during Multi Family Housing Renovation

26 November 2016

Given the volatile nature of the economy, the demand for affordable housing has increased by leaps and bounds. Consequently, multifamily housing investors are facing stiff competition. Multifamily housing investors are not leaving a stone unturned to turn a profit from their existing or newly acquired rental properties. Many of them are undertaking occupied property renovation programs to gain a competitive edge. Renovating a rental property not only adds value to the existing property but also plays a key role in influencing renter’s willingness to rent more for the property. That being said, when investing in any construction or renovation of occupied property, it is important to come up with a plan that helps you realize seizable returns from your investment.

This blog post lists four common mistakes that multifamily housing investors/owners must avoid to make the most out of occupied property renovation program. Read on!

Going for the Cheapest Bid

Once you have decided to get your multi-family rental property renovated, the first thing you need to do is to approach several contractors and ask for their renovation quotes. Though the cheapest bid may sound enticing to many, choosing it may cost heavy on your pocket in the long run. A contractor may not be efficient in getting the job done or may cut corners and use poor quality material during the job. That being said, straight away going for an expensive bid is not a sensible decision either. To pull off a great deal, you must contact at least two to three contractors and get written estimates from each. Ensure there is no hidden cost involved in the project.

Hiring the Wrong People

Renovating a rental property is a complex process, and therefore, requires professional assistance. Before embarking on the renovation project, the professional contractor conducts due diligence to help control cost and eliminate potential obstacles down the lane. Nonetheless, as a property owner, you should not overlook the little details about the people you are hiring. There have been instances of fraudulent renovation practices in the past, which is why it is important to hire a reputable contractor and ask for their certification or record of their previous work.

Bossing Around

Though many housing contractors work in collaboration with property owners to provide customized renovation services, many property owners are in a habit of poking their nose in every step of the project. Making changes every now and then in the middle of the project can delay the renovation project, thereby stalling the rentability of the units. Always remember that you have chosen an experienced contractor with a record of successful projects in the past. It is important to let your contractor do what they think is best for your business. Having said that, it is also important to keep a check on what is being done so far and what is about to be done to complete the project.

Setting Unrealistic Budget

Budget plays an important role in the completion of your rental property renovation project. Before hiring professional multifamily, it is important to have contingent fund ready to meet unprecedented needs in the middle of the project. In projects as big as multifamily housing renovation, it is likely that you may want to spend a little extra to add value to your project. That’s when having a contingency budget in place ensures seamless renovation.

Wrapping up

A properly planned and executed multi-family housing program not only helps you gain a competitive edge, but also helps you achieve your ROI goals. Always hire a reputable contractor, known to provide quality services. Go through their work portfolio to get an idea of their previous work. Lastly, ensure that there are no hidden fees involved in the project, before you sign on the dotted line.

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How to Choose the Right Kitchen Cabinet Materials for Your Project

Among the defining factors of your kitchen’s overall look are its cabinets. After all, in kitchen design, the cabinetry often serves as an anchor, the thing that ties every other design elements together to create a seamless look. As such, beyond style, what’s more, important is to choose the right materials for your kitchen cabinet. Reliable flat pack kitchen contractors can offer you a variety of kitchen cabinet material choices. Moreover, they can also recommend suitable materials and even combinations of materials to suit both style and practical function. Here’s a quick look into the most common materials used by cabinet makers. How to Choose the Right Kitchen Cabinet Materials for Your Project: Hardwood Cabinets You could say that hardwood kitchen cabinets are the grandfather of all kitchen cabinets. One of the main draws of using hardwood is that, because it’s a natural material that varies in grain from piece to piece, every kitchen cabinet will be equally unique. There are no two trees that are exactly alike, which means that even cabinets made from the same kind of hardwood will have subtle differences. Another benefit of hardwood is that it’s not only durable. It’s also easy to repair. Even inexperienced carpenters can DIY procedures like sanding, staining, or refinishing. Finally, there’s a wealth of options to choose from. Popular hardwood species include jarrah, marri, birch, cherry, maple, and oak. When it comes to downsides, however, the most common disadvantage people cite is that hardwoods tend to be heavy. As such, if you want pure hardwood cabinets, you have to make sure that there’s a sturdy enough structure to support them. Another drawback of hardwood kitchen cabinets is that they’re expensive, especially if you want fully customized designs. Some Perth kitchen cabinet makers will suggest combining hardwoods with other materials to help drive down the cost. Are hardwood cabinets right for your kitchen? If budget isn’t an issue and you want beautiful, long-lasting cabinets, hardwood is the best choice. Hardwood is also great for busy kitchens since it’s a heavy-duty material. Medium-Density Fibreboard Cabinets Medium-density fibreboard or MDF has gained popularity in the world of cabinetry, especially since IKEA has long been using it for their own kitchen cabinets and other furniture. The material is a composite of recycled wood fibers and wax, bound together by resin. The boards are made through high-pressure CNC milling, resulting in strong and dense material. Indeed, MDF is a versatile substrate, able to be painted, veneered, lacquered, laminated, or treated with almost any process or substance. MDF is also proven to be resistant to cracking and is considerably smoother than plywood. The one downside of MDF is that it needs to be properly sealed. Otherwise, it has a tendency to warp. You can use carpenter’s glue for this purpose, especially if you’re going to paint over the material. For some waterproofing, you can use the wood sealant, varnish, or a coat of moisture-resistant paint. Are MDF cabinets right for your kitchen? Those looking for more affordable yet high-quality alternatives can turn to MDF. Contemporary kitchens and those who love to DIY and customize will also benefit from MDF cabinets. Plywood Cabinets Plywood is made from multiple thin layers or plies of wood that are bound together by a combination of glue, heat, and pressure. The adjacent layers are rotated so that the grains are facing alternate directions. This technique, called cross-graining, enhances the material’s strength in all directions. Moreover, it helps prevent shrinkage and expansion, minimizes splitting of the layers (when nailed at the edges), and reduces warping. Many cabinet makers consider plywood excellent material. Apart from the benefits mentioned above, plywood is also moisture-resistant, light but sturdy, flexible, and easy to install. In case the cabinets get damaged, plywood is also quite easy to repair through DIY methods. Finally, plywood is also much less expensive compared to even the most affordable hardwood. Do remember that making plywood cabinets is all about choosing the right thickness. You’d want to use a thicker material on drawer bottoms, for example, or you risk it cracking or splitting if you put heavier items in it. Your kitchen cabinet maker likely already knows this, of course, but just make sure that you tell them what you need so they use the correct types of material. Also, ask where they source their plywood. Note that some lower-quality products may have gaps between the individual plies. Are our plywood cabinets right for your kitchen? Plywood is ideal if you’re working with a stricter budget but don’t want to compromise on quality. You may also want to consider plywood if you’re making your own cabinets since it’s an easy material to work with. Particleboard Cabinets Particleboard is often compared to plywood. Also called low-density fibreboard (LDF) or chipboard, particleboard is engineered from various recycled wood products like wood chips, sawdust, and wood shavings. These materials are glued together, then pressed and extruded to create sheets. As a final touch, particleboard is laminated or given a wood veneer for a better-looking appearance (as plain particleboard can be, well, plain-looking). The primary advantage of using particleboard for kitchen cabinets is that because it’s made from scrap materials, it’s very cheap. It’s also very lightweight. However, particleboard also tends to be on the lower end of the durability scale, especially when subjected to tension. Moreover, the material is prone to moisture damage and is not built to withstand sagging. Nonetheless, you can still find high-quality particleboards that are quite sturdy. Ask your kitchen cabinet maker to help you find the best ones. Are particleboard cabinets right for your kitchen? If your kitchen doesn’t see too much action and you don’t have any heavy equipment, particleboard cabinets and shelves will more than suffice. Stainless Steel Cabinets Finally, there’s stainless steel. Not many households opt for this material for kitchen cabinets. In fact, these are often seen only in industrial, professional-level kitchens. Nonetheless, stainless steel is an ideal material in the kitchen, both for cabinets and general usages like shelving and racks. It’s durable, doesn’t expand or contract, and resistant to most kinds of damage. Stainless steel can be difficult to clean, however, but it’s very hardy so it can withstand a lot of scrubbing and even harsh chemicals. This makes sterilizing a breeze. Nonetheless, you should also note that stainless steel cabinets tend to be expensive, sometimes costing even more than hardwood. Are stainless cabinets right for your kitchen? Do you consider yourself a chef in your own right? Do you often cook, not just for yourself but also for your family and friends? If you do, then stainless steel kitchen cabinets are perfect for you. Many of these materials, except perhaps for stainless steel, can be customized and combined with plenty of other materials, so the style isn’t the biggest issue. Therefore, in the end, choosing the right kitchen cabinet materials all boils down to two primary considerations: your budget and how often you’re going to use your kitchen. When you focus on these two, the decision will become simpler. Contact kitchens now for quality flat pack kitchens Read Also: Kitchen Renovations Must be Done at Regular Intervals 7 Tips for Getting Rid of Clutter in Your Home Top Secrets That Slash Your Kitchen Remodeling Bill in Half

How To Plan A DIY Bathroom Remodel

A bathroom remodel can be a big project, but it can also be a fun and rewarding DIY project. If you're looking to update your bathroom, there are a few things you need to consider before getting started. In this article, we'll go over the steps you need to take to plan a successful DIY bathroom remodel, including what bathroom supplies you'll need and how to budget for your project. Determine Your Needs and Wants Before you start buying bathroom supplies and tearing apart your bathroom, take some time to determine what you actually need and want in your new bathroom. Do you need more storage space? Do you want a spa-like shower? Do you need to add a bathroom for guests? Write down a list of what you want and need in your new bathroom to help guide your decision-making process. Measure Your Space Before you can start buying bathroom supplies and figuring out what you need, you need to know the dimensions of your bathroom. Measure the length and width of your bathroom, as well as the height of your ceiling. You'll need this information to determine how much tile, paint, or other bathroom supplies you'll need. Create a Budget Budgeting is one of the most important parts of any DIY project, and a bathroom remodels is no exception. Make a list of everything you want to include in your new bathroom and estimate the cost of each item. Keep in mind that you'll also need to factor in the cost of labor, as well as any unexpected expenses that may come up during the project. Decide on a Design Once you have a list of what you want and need in your new bathroom, as well as a budget, you can start deciding on a design. Look at bathroom remodel ideas online and in magazines to get an idea of what you like and what you don't like. You can also consider hiring a designer to help you create a bathroom design that meets your needs and fits your budget. Choose Your Bathroom Supplies Once you have a design in place, you can start choosing your bathroom supplies. You'll need to choose a vanity, a sink, a toilet, a shower or bathtub, and any other items you want to include in your bathroom. Make sure you choose bathroom supplies that fit your budget and the design you've chosen for your bathroom. Plan Your Timeline Once you've chosen your bathroom supplies, it's time to plan your timeline. Decide how long you want to take to complete your bathroom remodel and create a schedule that fits your timeline. Make sure you factor in time for unexpected events, such as rain or illness, that may delay your project. Start Your Remodel Now that you have a plan in place, it's time to start your DIY bathroom remodel. Start by removing any old bathroom fixtures and preparing the space for your new bathroom supplies. Make sure you have all the tools you need and take your time to ensure a successful outcome. A DIY bathroom remodel can be a big project, but with a little planning, you can create a beautiful new bathroom that fits your needs and budget. By following these steps, you'll be on your way to a successful DIY bathroom remodel in no time. In conclusion, planning a DIY bathroom remodel requires careful consideration and preparation. From determining your budget and creating a design plan to obtaining necessary permits and selecting materials, each step of the process is crucial to ensuring a successful outcome. By following these tips, you can create a beautiful and functional bathroom space that meets your needs and exceeds your expectations. With careful planning and attention to detail, you can complete a DIY bathroom remodel with confidence and ease. Additional: Bathroom Remodeling Tips and Ideas Bathroom Upgrades You Should Consider Using Feng Shui in Your Bathroom Design Mirror Decorating Ideas To Style Your Bathroom

Remodeling Tips for New Homeowners

Everyone has their reason for embarking on a home remodeling project, but the thrill remains the same, especially as a new homeowner. Perhaps, you want to improve the value of your home or want it to fit your style? Regardless, it's an exciting project that comes with a lot of work— sometimes more than bargained. It can be devastating to embark on a remodeling project only to realize halfway that it's unachievable. So, whether you will be getting the assistance of a remodeling company or you'll be handling this project alone, here are five tips you should know before starting. 1. Try to ask for help: It takes more than a pair of jeans and a well-equipped toolbox to produce quality work on a renovation project. First off, as an amateur, certain tools aren't suitable for you. Secondly, YouTube tutorials may not always have all the answers and solutions you need. So, except remodeling is something you have years of experience in, don't shy away from asking for help. A simple Google search should come in handy in this respect. For example, if you live in Houston, Texas, a quick search for Houston, Tx remodeling company should deliver some viable results. 2. Make a priority list: While some people can afford to stay in hotels during home renovations, you may not have that luxury and will have to keep living in your home during the renovation. The best way to avoid feeling overwhelmed by the home renovation process is to tackle time-sensitive projects first, like water damage or a leaking roof. Additionally, areas of the house you use frequently should be a top priority. That way, you can still go about your daily life even though your home is under renovation. 3. Set a budget: Contrary to what some TV shows make us believe, remodeling a house can run your account dry, especially if you don't have an accurate budget. So, the next step after drawing out a plan would be to determine your budget and financing. Although budgeting isn't the most fun thing to do (as it requires you to find a balance between the available finance and your dream design), it's an essential part of the remodeling process because it helps you gauge your expectations. Your budget should ideally include everything from the costs for permits to building materials, labor, painting, and cosmetic touch. It's easier to stick to your budget if it's accurate. So, make sure you get a contractor to review it or request cost estimates from professionals. You can look up companies in the Houston area that offer free estimate and consultation services to save costs here. 4. Remember the big picture: When taking up a remodel project, it's essential always to keep the big picture in mind. Remember that energy costs, water bills, and repair expenses can add up quickly in the future. So, make sure you include them all in your plan. Furthermore, since you're remodeling, you may want to invest in sustainable appliances that respect resources and support sustainable living. This is especially vital for a bathroom renovation. This area of the home can spike up your future heating and water costs. In a nutshell, you need to consider ways to save money both now and in the future; your bank account will thank you for these decisions in years to come. 5. Don't focus solely on design: Sure, many of us have a design that fits our style in mind before embarking on a remodel project. Perhaps, it's your kitchen, bedroom, or study that concerns you. However, you'll have to find a balance between getting the design you want and maintaining functionality. Many contemporary homes now blend functionality with design. For instance, if you have a small kitchen space, you may want to consider forfeiting some fixtures like the planning desk that no one really uses. That way, you save on space and maintain functionality. Read Also: Home Improvement Hacks to Add to Your Space Ideas for Modern Flooring Designs for Home Improvement Plans 6 Interior Design Tips to Make Your House a Home

Avoid these 4 Mistakes during Multi Family Housing Renovation

Going for the Cheapest Bid

Hiring the Wrong People

Bossing Around

Setting Unrealistic Budget

Wrapping up

Home Decor is an Art Itself – Things To Know

Close Look at Top 5 Roofing Materials – Pros and Cons

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How to Choose the Right Kitchen Cabinet Materials for Your Project

How To Plan A DIY Bathroom Remodel

Remodeling Tips for New Homeowners

Avoid these 4 Mistakes during Multi Family Housing Renovation

Going for the Cheapest Bid

Hiring the Wrong People

Bossing Around

Setting Unrealistic Budget

Wrapping up

Share this Article

Home Decor is an Art Itself – Things To Know

Close Look at Top 5 Roofing Materials – Pros and Cons

Tags

Content Rally wrapped around an online publication where you can publish your own intellectuals. It is a publishing platform designed to make great stories by content creators. This is your era, your place to be online. So come forward share your views, thoughts and ideas via Content Rally.

Leave a Reply Cancel reply

Popular

Follow Us

Recent

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