Avoid these 4 Mistakes during Multi Family Housing Renovation

Published on: 26 November 2016 Last Updated on: 04 September 2024

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.

Content Rally

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.

View all posts

How Can I Incorporate Gadgets Into My Interior Design?

There are many options that you can choose from if you are looking to decorate your room based on your preferences. You can choose more mundane products like posters, figurines, decals, and many more that are available on the market. With that said, you can now use gadgets for much the same thing thanks to the emphasis on gorgeous designs. Some electronic products are made with beauty and grace in mind. This is to complement your room's aesthetic, while upping the technology game. With gadgets becoming such a big part of everyday life, it’s only natural that they would evolve in function, as well. These days, you can count on smartphone makers to spend a lot of money on designing their products to perfect detail. There has been a huge emphasis on making smartphones and other electronics beautiful to look at, as well. This means that you can use gadgets to make any room seem more stylish without losing function. LED Frames The great thing about LED is that it has so many unexplored applications in terms of decorations for most people. In terms of decorations, you can use them to literally light up any photo or image you might have on display. This includes family pictures, paintings, sketches, and even printable. This will then help establish your personality in the things you display and what you want everyone else to notice. It’s also worth noting that these LED frames can come in any color and with any setting, like Christmas lights. They can blink, cycle, spell words, or form certain shapes that would add more substance to the item being framed. This would then go a long way toward catching even more attention and injecting some merriment into the room. These LED frames can be purchased from stores or ordered online as is, or you could have them customized, too. Stylish Screens Screens are often thought of as a means of watching videos, playing games, or working with various computer programs. This is not wrong, per se, but screens have also undergone quite an evolution over the years in terms of design. Many of them have become sleeker, more stylish, and, best of all, more eye-catching when displayed alongside other gadgets. This is the ultimate expression of the fusion of both function and fashion in a clear and tangible manner. Now, these screens can take on many forms, including computer monitors, flatscreen TVs, and commercial video display units. They can play different media files while they are not in use, such as screensavers, looping video files, and more. This is one of the most effective and most common ways that gadgets are used for decoration. Imagine a huge screen that spans a wall and features crackling flames and see if it doesn’t inspire you. Neon Lighting A lot of rooms have neon lighting and for good reason, since they are some of the most attention-grabbing implements. You will find them among commercial districts, blaring invitations to dine or take part in their services. In the case of decorations, you will appreciate the amount of interest that they can draw from others. The best part is that you can make them into literally anything you could imagine, from names to entire landscapes. If you are looking for some neat neon sign ideas to base your own decor on, there are plenty available. You can find them on the web via photo-sharing platforms and video streaming sites like YouTube or Instagram. Once you get inspiration for your own neon light decor, you can have them customized via specialized service providers. However, it would be best to make sure that you choose the right sizes relative to the space in your room. Fashionable Accessories And Gear Who would have thought that something as simple as a keyboard could be stylish, but they can be bought? You will find accessories and gear in the market that were made for the specific purpose of looking good. At the same time, they are also functional in that you can use them for their intended purpose. This goes for a mouse, speakers, controllers, cooling fans, and many more that you can find on the web. Then, there are the various other appliances, gear, and novelty items that you can order or even get customized. Fans, coolers, humidifiers, lamps, and so many others are available in stylish, ultramodern designs that will enhance your room’s sophisticated air. It would be advisable, however, to keep things minimalist as much as you can to maintain neatness. It’s important that you don’t put too much clutter in the room that can distract you from the main attractions. Thin, Minimalist Laptops And Tablets Laptops come in all shapes and sizes, with some models being as small as an iPad or as big as a suitcase. These are worth decorating your room with if you are aiming for a more modern style. Gadgets are now a part of everyday life, and tablets, laptops, computers, and smartphones are intrinsic to how society functions. If you are going to get them anyway, you might as well get the ones that add to your room’s elegance. Choosing this route would also complement a minimalist theme for your interior, where everything is simplistic and has neat tones. The idea is to make the room less cluttered and more organized but with a hint of grace and poise. More Digital Aesthetic To Add Let’s check out some more cool gadget options to spruce up your room! The sky is the limit, and gadgetry has gone to a whole new level in not just functionality but in style as well. Smart Mirrors Who knew mirrors could use some sprucing up? Smart mirrors are a great chance to infuse tech with class in your room. Visualize a classically posh mirror on your wall that can not only show how you look but give you details about the weather, time or even your plans for the day! Believe it or not, some of these get built with lights for those flawless selfies and make up routines. Literally form meeting function at its finest. Floating Speakers Yes, you read that right! Floating speakers are a fun and futuristic way to play your favorite music while adding a unique twist to your room decor. These speakers use magnetic levitation, making them hover in mid-air, and instantly drawing everyone’s attention. And they don’t just look good. Trust us when we say that these floating sound systems sound amazing too! Ambient Lighting Lighting that sets the vibe of the space you’re in is something that’s always been popular. LED lights have already proven their staying power, but ambient lighting with smart bulbs or light strips takes it to another level. You can change colors, brightness, and even patterns all from an app on your phone. Want a relaxing feel? Do it right from your bed. Want a party room? Go crazy! So much easier and better than changing out the colors of different colored light bulbs. Wireless Charging Wireless charging has been around for some time now, but not as easily accessible as it is today and not through matching technology centers with USB plugs built in without paying custom prices for everything. These stations are sleek gadgets that do double duty, adding style and convenience to your room. They come in all shapes and sizes, some even sleek pad or stands that fit right into your decor. Plus, you just put your phone or other device on it an bam! they start to charge. Another use for this if you work at a desk is they can serve as one of those really cool desk accessories and keep your area clean. Read Also: Your own space: decor ideas for your private place to relax How to Make your Home Look Beautiful in the Upcoming Holidays Here Are A few Of The Benefits Of The LED Strip Lights How To Increase The Value Of Your Home

Why Metal Studs are More Suitable for Your Construction Works

When it comes to building structures, it is preferable to consider using metal studs in place of wooden studs for non-load bearing walls. Research shows that more than 50% of structures are built with metal studs made from cold-formed sheets. However, metal studs conduct cold, but builders prefer using metal studs in place of woods for the following reasons. 1. Metal studs are lighter than wooden studs and convenient to work: Metal studs are lighter in weight than wooden studs because of their hollow shape. This makes them less bulky than wooden studs in terms of transportation and storage. When cutting metal studs using aviation snips, there are no sawdusts, unlike cutting through wooden studs. But it is advisable to protect your hands from sharp ends using gloves, especially during galvanized steel frame building construction. 2. Metal studs are easier to handle: In terms of installation, metal studs weigh far less than wooden studs and are held in place with screws. Therefore, it easy to correct installation blunders with metal studs. 3. Metal studs are less prone to attacks from atmospheric elements: Metal studs are not inclined to stresses and uneven shrinkage. Unlike wooden studs, which are susceptible to such factors with time. Also, metal studs are more resistant to mold and rot, which are common wooden infections. Although metal studs rust with time, this is preventable by installing a vapor barrier on the concrete floor. This explains the durability and sturdiness commonly enjoyed with galvanized steel frame building. 4. Metal studs have a higher tensile strength than wooden studs: Metal studs have a higher tensile strength and flexibility than wooden studs. Therefore, they are preferred for construction in wind prone areas and seismic zones like the Gulf Coast states of the USA. 5. Metal studs are resistant to fire and insect attacks: Metal studs are not prone to insect attacks like carpenter ants and termites, which can cause grave damages to wooden studs. Also, in terms of fire outbreaks, metal studs are fire resistant and do not burn in the case of a fire outbreak, unlike wooden studs. 6. Metal studs have a higher cost advantage: Wooden studs cost 15% lesser than metal studs, but metal studs offer cost advantages in other areas. These advantages cut across warranty call-backs in the sales of metal studs are much reduced because metal studs are not susceptible to shrinkage, and additional stress-related factors. Buildings built with metal studs do not have cracks or nail pops to fix after completion. Therefore, scraps are significantly reduced. Up to 20% wastage is recorded when wooden studs are used in construction. Hence the cost of disposing of discarded materials is decreased considerably. 7. Higher insurance discounts: Owners of buildings built with metal studs enjoy a higher insurance discount due to lower risk factors. Unlike buildings built with wooden studs, which attracts a higher insurance premium because of their higher susceptibility to fire and other environmental factors. Conclusion: Metal studs are preferable for buildings because they are environmentally friendly compared with wooden studs. They can be recycled and are readily available in similar wooden dimensions. Read Also: How To Protect Your Wood Flooring In A Busy Household Hardwood Timber Flooring: Gives A Classic Look To Your Home

10 Trends About Homemade Carpet Cleaner You Should Know

There are a lot of do-it-yourself enthusiasts in the world. It’s because there are so many things you can make on your own without having to purchase expensive products. There are many homemade solutions that work just as well, if not better than anything you could buy from a store. The 10 trends below are homemade carpet cleaning solutions that can help you in a bind. 1. Food Stains: Dropping something like ketchup on your carpet can be frustrating because of its bright color and the concern that you’ll never fully remove the stain. There are many ways to remove this type of stain. A preferred method is to use a paper towel and a detergent made from liquid soap. After combining the detergent with water, dab it onto the stain gently and allow it to sit for 20 minutes. Then use another paper towel to remove excess water. You can also use a vinegar and water solution for this type of stain. Sometimes food stains are stubborn, so you might need to use the solution more than once. 2. Beverage Stains: There are so many different beverages that can be problematic when spilled on the carpet. This includes juice, coffee, wine, and just about anything else that has a dark color. A great way to remove beverage stains from carpet is by using a cloth soaked with warm water and blotting the area until the substance is completely removed. Sometimes water alone will remove the liquid if it’s taken care of immediately. However, there’s a chance that you’ll need a strong solution, which can also be made at home. You can simply add an equal part of white vinegar to the water before dabbing it onto the carpet. 3. Oil Stains: Oil stains on the carpet can come from a lot of different sources. Sometimes it’s from using creams and lotions that end up on the carpet. Perhaps there are stains from butter or some type of cooking oil. Many types of oils can be removed with a solution made from either liquid detergent and water or vinegar and water, depending on your preference. Once you’ve made your preferred solution, press down with a clot on the stain for just under a minute. It’s important not to scrub because that will enlarge the stain. 4. Tracked in Mud: It’s inevitable that mud will be tracked into your home, especially if you live in an area of the world where there is a lot of rain. That’s usually when you end up entering your home with shoes covered in dirt and mud. Depending on how much mud has been tracked in, the first step might be to sweep up or vacuum the area to eliminate as much mud as possible before applying a solution. Then you’ll need to create a solution with liquid detergent and warm water. This solution should be dabbed onto the carpet numerous times for less than a minute. You should be able to see the difference, but a true assessment will take place after it dries. 5. Chewing Gum: Removing gum from carpet can be tricky, especially if it’s been stuck for a while. A great way to remove it is by placing an ice cube onto the gum until it is completely frozen, which might take a few minutes. You can then break the frozen gum for removal. You’ll then need to use the homemade carpet cleaning solution of your choice to clean any remnants. 6. Pet Accidents: There are few things as concerning pet accidents that seem to occur just before you have company. A great way to remove both any stains and odor is with a vinegar and warm water solution. This mixture should be pressed into the carpet on the location of the accident. The amount of vinegar used depends on the stain, but equal parts of both vinegar and water will usually suffice. 7. Ink Stains: Don’t be intimidated by ink stains. Although they are sometimes difficult to remove, it is possible. Liquid detergent and hot water mixture is the best place to start. You can blot this solution onto the carpet with a cloth, let it sit for two minutes and then use paper towels to dry it. You may need to repeat this process. 8. Strong Odors: Removing odors from the carpet will usually start with vacuuming to ensure you’ve removed any dirt and particles that might be causing the odor. Once that’s done, you can sprinkle baking soda onto the carpet to freshen things up. The baking soda should be left overnight before vacuuming again. 9. Natural Fiber Carpets: Sometimes natural fibers are easier to clean, but they might require extra care. A highly effective solution that can be used for virtually any type of stain on natural fibers includes about two tablespoons of ammonia and a cup of warm water. You can also make a solution with a half cup of vinegar and the same amount of water. Whether or not you choose to use a spray bottle or a bowl is up to you. When using a spray bottle, be sure to spray lightly. 10. Synthetic Fiber Carpets: Removing stains from a synthetic carpet can be handled in several different ways. Prepare a solution that you can pour onto a cloth and gently apply to the carpet. It’s best not to pour the solution directly onto the carpet. You can try a cup of white vinegar mixed with two cups of water to remove the stain for a natural option. You can also try using any liquid detergent that you like combined with warm water. The mixture is half a teaspoon of detergent and two cups of water. These are all great ways to remove different types of carpet stains. You can also get help removing tough stains at carpestology.com.au. Read Also: Five Easy Steps When Cleaning Your Mattress 10 Ways To Preserve Your Carpet’s Beautiful Design

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

Content Rally

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

Popular

Technologies For Creating A Startup Idea

How to Download Facebook Videos on Android?

7 Rules of Effective Ecommerce Web Design

The 10 WordPress Plugins Every Sucessful Blogger Uses

Follow Us

Recent

Private vs. National Drug Treatment: Making the Right Choice for Recovery

From Transaction to Trust: Master Your Client Gifting Game Plan

Top 5 Indicators Every Trader Should Know

How To Install Metal Roofing Over Shingles The Right Way?

Related

How Can I Incorporate Gadgets Into My Interior Design?

Why Metal Studs are More Suitable for Your Construction Works

10 Trends About Homemade Carpet Cleaner You Should Know

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

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

Popular

Follow Us

Recent

Related