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.

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6 Tips for Keeping Your Home Clean (With Pets and Kids)

Maintaining a clean house is a difficult task; honestly, no one enjoys removing all the clutter, washing the dishes, dusting, vacuuming, etc. But as much as most of us run away from the chore we all know the importance of housekeeping and how it impacts our health. Things tend to get a bit, well maybe a lot more messy when you have kids and pets added to the picture. Our furry companions love some adventure around the house and tend to spread their food and water around while eating, knock things over and of course the pet hair around the house is another story. But the good news is that even a chore as tedious as cleaning can be made simple by following some hacks and tips, so keep reading as I share some marvelous tips for maintaining hygiene in your house 1. Invest in the Right Tools : You might not notice but using the right kind of tools can reduce effort and save time. For instance, cleaning pet hair around the house is one of the most challenging tasks. The fur gets everywhere, even gets embedded in the carpet fibers which becomes extremely difficult to remove. Well, the key is to purchase the right type of vacuum that has powerful suction to pick up the pesky pet hair. A robotic vacuum cleaner would be even better since it will save you a lot of effort. Similarly, make sure you have a quality lint roller (it is a life-saver in most situations) or latex gloves when you want to give your furniture or clothes a quick clean-up. 2. Bathe Your Pets : The secret to a clean house is clean pets since the dirt on your dog will eventually accumulate inside your home. Develop a bathing routine for your pup, be sure not to overdo it since you don’t want to dry out the oils in his skin. Use a good quality dog shampoo while bathing and get your pup regular grooming to reduce shedding. Since dogs that itch shed more hair, use tick and flea repellents for dogs to prevent him from these parasites. 3. Use the Right Type of Furniture : One of the worst nightmares for any pet-parent is when their furniture has pet hair spread all over, and they are expecting guests over. No one wants their guests to be covered in their dog’s fur! Well, let me tell you that choosing the right type of furniture can make all the difference. While selecting fabric for your furniture, choose leather/pleather or microfiber as these are easy to clean and the hair doesn’t stick to the material. Ultra suede and Crypton are also excellent choices for furniture as they are stain-resistant. Pro-Tip: Also stock up some decorative throws and use these to cover your sofa and bed to prevent pet-hair from sticking to the furniture. 4. Wash Pet Bedding : It is essential to wash your pet’s bed, blankets as these may hide harmful germs which our pets can transfer to other areas of the house. Wash the bedding weekly using a mild detergent without bleach on the hottest settings available. 5. Keep the Pet’s Area Clean : Our pets do have a specific area in the house where they like to chill or where they eat. Keeping these areas clean might be a difficult task, but regular cleaning will help prevent messes and thereby reduce effort. If you have a pet-bird, the room where the cage is placed is bound to get messy. To make cleaning simple use vinyl carpet protectors on the floor beneath the cage. Invest in a good quality stainless steel cage as they are easier to clean. Also, line it up with cage liners or newspapers to prevent the bottom from getting messy due to food and feces. 6. Use Pet-Safe Cleaning Products : Various cleaning agents contain harmful substances such as ammonia or bleach that can be toxic to our pets. While hunting for cleaning products look for ones that are pet-safe, eco-friendly and bio-degradable. If you don’t have these stocked up at home, don't panic in case of a pet emergency, as you can find some fantastic cleaners inside your house. Baking soda is a great deodorizer to freshen up the carpets and rugs; vinegar mixed with water is an alternative to floor cleaners and can be handy when pet accidents occur. Read Also : Can Dogs Make The Anti-Social Kids Socialize Better? Can Dogs Help Writers Stay Positive During Stress? Best-Corded Vacuum Cleaner

Improve Your Home With Concrete Lifting Services

As a homeowner, keeping your home safe, comfortable, and attractive will be important. However, problems can sometimes make it difficult for you to achieve this. Certain issues can affect many aspects of your home, from the aesthetic appeal to the safety levels. So, getting these problems addressed by a professional with specialist knowledge and tools is important. One of the problems you may experience at your home is areas of sinking concrete. Most such homes consider taking help from concrete lifting companies. However, as a homeowner, it’s common to worry about whether you should opt for one or not. Here’s an article that’ll help you – Sinking Concrete & How It Might Affect Your Home Sinking concrete can affect many areas of your home, such as the sidewalk, the steps to the property, the patio area, and more. Once these issues arise, you must ensure they are sorted out quickly. Otherwise, your home could suffer. You also need to consider the cause of the sinking concrete, which could indicate serious foundation issues. Finding a reputable concrete lifting company will enable you to resolve the issue and improve your home. In this article, we will look at how an experienced professional can help to improve your home. About Concrete Lifting Concrete Lifting or Concrete Leveling is a process of leveling or lifting up sunken concrete slabs out of the ground. The process involves injecting concrete material beneath the concrete slab to lift it up or level it. Typically, the material used fills up the void created under the slab. When it solidifies or dries, it creates a strong surface under the slabs. There are different concrete lifting methods, and the most common ones include – Polyurethane foam concrete lifting Stone slurry grout concrete lifting Mudjacking How Is Concrete Lifting Done? Concrete lifting is a heavy-duty task. But, with the right skills, tools, and training, concrete lifting is an easy and straightforward process. It also requires a basic understanding of the matters in use and the method utilized for lifting up the concrete slabs. Here’s the detail of the process – First, the holes are drilled in different locations strategically. Then, it involves pumping a component through the holes and underneath the concrete slabs, where it fills any voids and creates enough backpressuback pressure to cause the concrete to rise. They patch the drill holes when the concrete is in a specific place. Different Types Of Concrete Lifting While the process may involve using different types of concrete materials, the lifting process can also require different methods beyond the three we mentioned above. Stone Slurry Grout Concrete Method Lifting Compound: In this process, a mixture of crushed agricultural limestone is used with water. The mixture forms a strong and dense base under the newly lifted concrete. Sometimes, they add Portland cement to the mix using extra strength. Drill Hole size: the drill hole used for this leveling method is close to 1 inch in diameter. It can also be about the size of a quarter. Polyurethane Foam Concrete Lifting Lifting compound: The lifting compound for this method includes two-part polyurethane foam as the lifting substance. When they inject it under the concrete slab, the substance can lift up the concrete slab. Then, that expansion puts pressure on the slab that’s settled on the ground. Drill Hole Size: The drill hole size that’s needed for foam concrete leveling is close to ⅝ inch in diameter. Mudjacking Lifting Compound: Mudjacking is a process that includes water, soil, and sand as a mix and they are pumped at a high pressure and speed to lift up the settled concrete. You can also use Portland cement and add it to this mixture to make it stronger and more stable. The drill holes have to be bigger in size for there to be a high pumping pressure. Typically, the Mudjacking drill Holes are 2 inches in Diameter. Some of the Benefits of Having the Work Done- There are lots of ways in which you can improve your home by getting concrete lifting carried out. This will help you strengthen the affected areas around your property and also increase its longevity. Some of these are: Improving Safety Levels: As mentioned earlier, a range of safety issues can arise when you have to sink concrete in your home. The main issue you are likely to experience is people tripping and falling because of the uneven floor surfaces. As areas of your floors start to sink further, they can become very uneven and difficult to walk on. This can create serious difficulties for some people, such as those who are elderly and at increased risk of falling. In addition, those with mobility issues and even younger kids could be at increased risk of trips and falls that could cause all sorts of serious injuries. Having your sinking concrete addressed will help you improve safety levels at your home by reducing the risk of trips and falls. Increasing Aesthetic Appeal: Another thing that will happen when you have this work carried out is that you can improve the aesthetic appeal of your home. When you have areas of sinking concrete, it can have a really damaging impact on the appearance of your home. Sinking concrete can make your property look out of condition and unattractive, which is something that any houseproud owner wants to avoid. By getting the concrete lifted, the affected areas of your home will look far more attractive. Improving Scalability: It is also important to try and improve the salability of your home in case you decide to sell in the future. This is something that lifting concrete can do. If you have people viewing your home, they can be put off by lots of areas of sinking concrete, and this could cost you your sales. These are some of the ways in which you can improve your home with concrete lifting services. Read Also: How To Pick The Perfect Flooring For Your New Home Ideas for Modern Flooring Designs for Home Improvement Plans Senior Staircase Safety: What You Need to Know

7 Unexpected Ways to Use Glass and Wood for your Home

When it comes to thinking about home decor, many homeowners are not always sure where to begin. They want something with personality and style that also makes it easier to use their home all year long. Many designers have stepped up to the challenge with different ideas. Classic materials like glass and wood are being re-imagined again and used in amazing ways. If you are looking for ways to update your home with help from woodglassgroup.com.au, you'll find lots of inspiration everywhere you look. New uses for wonderful, durable materials make it possible to delight the eye and amuse your guests. Consider these possibilities as you think about how to create a home that offers wonderful surprises at every turn. Here are 7 Unexpected Ways to Use Glass and Wood for your Home: 1. Beautiful Railing: Railings are a necessity in many homes. Railings provide a space for people to hold as they go downstairs and make it easier to avoid slipping on the stairs. Railings can also be used to add detail to any home. If you want to use railings in your house, you'll have your choice of materials. Think about using an unexpected wood like mahogany or bamboo. These woods are just as strong as standard wood and offer beauty at the same time. Glass railings can also be used for a short flight of stairs to help let light in dark places. 2. Lovely Doors: Doors are another home feature that deserves a lot of consideration. Doors set the tone for the rest of the home. When people step up and see a home for the first time, the first thing they note is the home's curb appeal. People are looking for homes that look wonderful. Homeowners can take advantage of this fact by using interesting materials for the doors in their home. For example, one homeowner might decide they would like to put in a front door that makes use of many elements including brass and wood. Another area to think about the use of door materials is the bathroom. Glass doors in the bathroom help add extra space. Think about using a frameless glass door in a small bath. It will help open up additional interior space in the room and make it feel larger. 3. Fascinating Flooring: Flooring is another area that warrants careful thought and consideration. Wood floors have many advantages. They're easy to use in any room, offer lots of colors and are very durable. Wood can also be sanded down and refinished to remove scratches and make the floors look brand new again. When thinking about the kind of wood to use, buyers will find many possibilities. Classic choices such as maple, pine, and oak offer beautiful colors and patterns. They're also a good choice for places that get a lot of wear and tear such as the living room. Think about using glass as a flooring material in some spaces. For example, if you have a home with a basement, bring in more light down there with a single area of glass tiles on the next floor. The glass can be incorporated into the overall design and serve as an interesting detail in the room above the basement at the same time. 4. Glass Sink: All homeowners need to have at least several sinks. Sinks make it possible to contain water and keep the floor safe from excess moisture. Designers today are thinking about the classic sink in new and unexpected ways. One such way is by considering new materials for the sink. Glass sinks are increasingly being seen in many upscale homes. Glass fits in well in a bathroom as it has the general light feel that buyers want in such enclosed spaces. Glass works well with other materials used in the bathroom such as tiles. Add even more detail to the glass sink with a faucet in an unexpected shape and color. A glass sink can be paired with modern metal faucets for a unique look. Make sure the sink is fitted carefully in the space in order to avoid potentially destructive leaks. 5. Innovative Shelving: Storage space is one of the most important considerations when it comes to thinking about a home's design. Buyers need space that lets them keep their important possessions in order and ready to use all the time. They also need to have storage space that looks good at the same time. Now is the time to think about ways to add storage space that allows the buyer to use all areas of their home and add a touch of personality at the same time. One way is with the use of glass shelving. Glass shelves are delicate but add heft. Use them in spaces like the kitchen that need lots of storage that lets you do many things at the same time. 6. The place to Sit: All homes need places to sit. Glass and would make wonderful materials that hold up any varied weather conditions and can be shaped into almost any imaginable form. When choosing the seat, wood makes a marvelous choice that works indoors and outside. Wooden benches can be placed at varying intervals outside to provide enough seating when you're giving a party or just when you want to eat outside. Pair them with glass tables that are easy to clean and can be moved around the yard as needed to accommodate multiple people. 7. Wood Backsplash: The backsplash serves to protect the kitchen walls from spills and stains. A backsplash can also be a way to add additional color and interest to any kitchen. Wood has long been used for kitchen cabinets, flooring, and tiles. It's also being used to create a lovely backsplash. If you are redoing your kitchen or thinking about a new home, consider wood tiles and wood panels in this part of the kitchen. Modern finishes make the backsplash easy to keep clean. Look for wood in colors that match the color scheme of the entire roof for a beautiful, unified look. Read Also: 7 Secrets To Keeping Your Lawn Tidy And Green 7 Tips To Increase The Value Of Your Home 7 Ways To Add Character And Style To Your 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

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.

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Related

6 Tips for Keeping Your Home Clean (With Pets and Kids)

Improve Your Home With Concrete Lifting Services

7 Unexpected Ways to Use Glass and Wood for your 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

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