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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Why You Need a Solid Wood Office Desk?

A desk is much more than just a desk; it’s the place where you spend hours of your time and where you get great things accomplished. With such an important and well-used piece of furniture, the quality will be easily seen by you and your clients. A durable, well-crafted, and beautiful desk will actually make you be more productive and more successful at whatever you set out to accomplish. You’ll Notice Its Quality: When you’re sitting at your desk or using any piece of furniture for such long amounts of time, you’re going to notice the great workmanship, the quality of wood, and the intricate detailing that went into creating it – but only if it is actually a high-quality piece of furniture. If it is not, then you’ll just as readily notice flaws which can be annoying and even distracting. Your Desk Makes an Impression: A desk can even be passed down from generation to generation and can become an heirloom that is treasured for many years to come. A high-quality desk is an investment and will even help you to become more productive. If your desk is wobbly or crooked, it can make office work difficult to accomplish, and it can even make a bad first impression when clients visit your office. Invest in a High-Quality Desk: If your desk is less than desirable, you may want to upgrade your office desk this year because a good, solid desk can help you to be more productive and will also save you money, since you won’t need to replace it after only a few years. Many people buy a cheap desk and then find out that when they need to move it, it basically disintegrates because it’s made of a cheap material such as particle board or an inferior material that isn’t built to last. Shopping Online: If you’re too busy to shop for a new desk, you can always conveniently shop online for a beautiful desk made of a high-grade wood such as maple, cherry, or oak. There’s a reason that these types of wood have been used for decades to craft high-quality desks and other fine pieces of furniture as well – because you can trust them to look gorgeous. Thinking Beautiful Design: You want your desk to look good where it will be. If it doesn't, then it will clash with the décor of the room and can be off-putting. When you purchase a handmade desk made of solid wood, you’re guaranteed to beautifully match almost any interior design choices you already have. Be More Productive: A good desk is one of the most important things that you’ll use daily to complete your tasks and to stay organized. It's the central station that the entire office revolves around. It's estimated that about 40% of adults spend their time at work and a good portion of that is at their desk. Whether you’re looking for an office desk that will impress your clients or satisfy your own desire to foster that professional and successful image, which perfectly suits the current décor of your workplace, a solid wood desk is a way to go. Check online now to find the right desk to suit your office perfectly. Read Also: Unique Furniture To Transform Your Home Best Office Design Trends For 2018 Why Kiln Dried Wood Is Better For Furniture

How Often Should You Schedule Professional Cleaning Service – A Detailed Guide

In today's fast-paced world, maintaining a clean and orderly environment, whether at home or work, is a challenge many face. While doing it yourself is an option, scheduling a professional cleaning service offers efficiency and thoroughness that can hardly be matched. However, one crucial question remains: How often should these services be scheduled? This is a challenging answer as it depends on multiple factors like the type and usage of the space, personal cleanliness standards, lifestyle, and budget. This comprehensive guide explores these factors, providing insights to help you decide the best cleaning schedule for your needs. Understanding Your Space The type of space you occupy is pivotal in determining the cleaning frequency. Family Homes: Homes, especially with kids and pets, are prone to frequent spills, stains, and general untidiness. A weekly cleaning schedule is often recommended to keep up with the chaos and maintain a hygienic environment. Apartments: A bi-weekly cleaning can often suffice for smaller spaces like apartments, especially those occupied by singles or couples without pets. These spaces generally accumulate less dirt and clutter. Office Spaces: The frequency of cleaning in commercial office spaces should be dictated by the daily foot traffic and the nature of work conducted. Highly trafficked areas like lobbies, bathrooms, and meeting rooms require daily cleaning to maintain a professional appearance and hygienic environment. Lifestyle and Personal Preferences Your daily routine and personal standards of cleanliness play a crucial role in how often you should schedule cleaning services. Busy Households: In homes where both adults work or where there are several activities, more frequent cleaning can be a lifesaver, helping to manage the chaos and maintain some order. Health Concerns: For households with allergy sufferers or people with respiratory issues, regular cleaning can significantly reduce allergens and dust, thus requiring more frequent attention. Social and Professional Engagements: If you frequently host guests or business meetings at your place, maintaining a consistently clean and presentable space is essential, warranting more frequent professional cleaning services. Differentiating Between Cleaning Services Different cleaning services have different roles and thus require different scheduling frequencies. Deep Cleaning: This is an extensive cleaning process covering areas often overlooked in regular cleaning. Scheduling a deep cleaning every three to six months can help maintain your property's overall cleanliness and longevity. Standard Cleaning: This includes routine tasks like dusting, vacuuming, and cleaning bathrooms and kitchens and is typically what you would schedule weekly or bi-weekly. Specialized Cleaning Services: Tasks like carpet cleaning, window washing, or pressure washing are specialized services you might not need as often – perhaps just a couple of times a year. Balancing Budget and Cleanliness While frequent cleaning ensures a consistently clean environment, balancing the costs and benefits is essential. Regular cleaning can prolong the life of your furnishings and finishes, saving money in the long run. However, each cleaning session is an added expense. Finding a schedule that keeps your space clean without straining your finances is vital. Sometimes, alternating between deeper cleans and lighter maintenance can be cost-effective. Seasonal Adjustments The changing seasons can also impact your cleaning schedule. Spring and Fall: These transitional periods are often ideal for more thorough cleaning to prepare your space for the summer or winter months. Winter: With more indoor activity, you might require more frequent cleaning to address the increased use of indoor spaces. Summer: Depending on your lifestyle, summer might mean less time spent indoors, allowing for a more relaxed cleaning schedule. What Are The Benefits Of Hiring A Professional Cleaning Service? While keeping your office or home tidy and clean, this is crucial for several reasons. However, keeping a clean and tidy space can sometimes be time-consuming. This is often a challenging task. Below, I will discuss the benefits of hiring a pro-cleaning service. 1) Saves Time and Energy If you are hiring a pro-cleaning service, this would save you a crucial amount of energy and time. Instead of cleaning your ice or home, it can leave professional angels on several others. This is especially beneficial if you have a busy work schedule or if you have to spend time, as this allows you to prioritize your energy and time on more significant tasks. 2) Saves Money in The Long Run If you are hiring a professional cleaning service, it may be an additional expense. But this can save you money in the long run. Above all, regular cleaning and maintenance would also help you in the prolonged life of your furniture and several other household or office items. Above all, by investing in such a professional service, you can avoid costly repairs or replacements. 3) Customisable Cleaning Plans There are a large number of professional cleaning services which often offer such customizable cleaning plans. This would also be suitable for your specific requirements along with preferences. Whether you require a one-time deep clean monthly cleaning services, or regular weekly you tailor the service to fit your budget. 4) Peace of Mind If you are hiring a pro-cleaning service, this provides peace of mind. Furthermore, you can be assured that your office or home is being cleaned by several trained professionals, especially those using effective and safe cleaning methods. This would also alleviate any concerns that you might have about cleaning your working or living space. 5) Customized cleaning Plans If you can tailor your cleaning plan to your specific requirements or preferences, then this is one of the most significant benefits. Above all, professional cleaning services also provide flexibility in service selection and scheduling. Above all, this allows you to choose the plan that fits your budget, cleaning priorities, and schedule. In this case, the cleaning service will also be able to create customized cleaning plans that consider the size of your area. For example, if you can manage busy office traffic or high traffic such as reception or restrooms, this might necessitate daily cleaning. If you have pets, you would set up the routine, which includes deodorizing your carpets and regular vacuuming. 6) Healthier Living Environment A clean living environment is always essential for good health. Above all, this prevents the spread of allergies and diseases. Professional cleaning services are critical for creating a healthier living environment by eliminating germs and allergens. Regular professional cleaning service also keeps allergens from building, making allergic reactions less likely. 7) Reduced Stress If you are outsourcing any cleaning tasks, then this can reduce stress. This happens by taking the responsibility of cleaning off your plate. Rather than worrying about cleaning your space, you can focus on other crucial tasks. Not only that, but you can also spend quality time with your family members. Bottom Line Determining the optimal frequency for professional cleaning services is a personalized decision that depends on various factors. It's about finding the right balance that keeps your space clean, healthy, and welcoming without overburdening your schedule or budget. Regularly assess your needs, make adjustments as necessary, and remember that the proper cleaning schedule aligns with your lifestyle, preferences, and requirements. Your peace of mind and the cleanliness of your space are well worth the effort! Learn More About: Cleaning Your Home with Pets – The Most Common Problems Swimming Pool Cleaning and Maintenance: Cheap Online Pool Supplies Disinfection and Cleaning Strategies for Reopening Commercial Buildings Choosing The Right Cleaning Company: 5 Essential Factors To Keep In Mind

How To Prepare Your Home For Protecting Keepsakes During Storm Surges

When you live in a storm surge-prone area like New Orleans, the safety of your home and cherished belongings is always a concern. The city’s proximity to water makes it particularly vulnerable to extreme weather, including hurricanes and the accompanying storm surges. However, protecting keepsakes during storm surges is a major issue. In this article, you will learn why how to protect your keepsakes during storm surges. Here, you will get five useful tips that are easy to follow. However, before that, you will learn a few details about storm surges and what to do in such situations. Hence, to learn more, read on to the end of the article. Staying Prepared Before Storm Surges Generally, storm surges affect your building’s foundations. This happens due to high water piling because of tropical cyclones, which results in constant agitation in the building. With time, it can result in complete demolition of homes and commercial buildings. Moreover, if the storm is bad enough, you need to evacuate and move inland for safety. In such cases, you have to plan ahead for such possibilities. However, to save your valuables, you can keep large rubber storage containers. In those containers, you have to place your photos and mementos. This will help you take them while you evacuate the place. Apart from that, you must have extra plastic storage containers to gather jewelry, mementos, and other photos. Also, try to place those containers in the attic if you get the news of an upcoming flood. Additionally, you can also keep your necessary documents in a fire-proof safe. Moreover, check them to ensure that they are water-proof as well. This will prevent water from entering the safe it the building submerges in a flood. On the other hand, you must also shut off your electricity at the circuit brakes. This will help your appliances from short circuits. 5 Tips For Protecting Keepsakes During Storm Surges While securing your property is essential, safeguarding your irreplaceable keepsakes—like family photos, heirlooms, and old home movies—requires proactive steps. The following are some essential tips for protecting keepsakes during storm surges: 1. Identify Valuable Keepsakes The first step in protecting keepsakes during storm surges is to identify which items hold the most sentimental or practical value. For instance, family photos, handwritten letters, heirlooms, home videos, and important documents often top the list. Generally, in New Orleans, homes may face repeated flooding risks. Hence, creating an inventory of these items ensures you know what to prioritize. Therefore, you must take time to review albums, VHS tapes, film reels, and other family treasures. Moreover, once you identify your most valuable keepsakes, it becomes easier to plan their protection. 2. Store Keepsakes In Waterproof Containers Generally, storm surges bring a high risk of water damage. Hence, you must always store your keepsakes in waterproof containers. Use sealed plastic bins, waterproof bags, or specialized storage boxes for delicate items like photographs and letters. However, if you need extra protection, consider fireproof and waterproof safes to shield irreplaceable items from both water and heat. For instance, in a flood-prone city like New Orleans, it’s important to seal containers properly. Also, store them away from low-lying areas. 3. Elevate Keepsakes Above Flood-Prone Areas Elevation is one of the simplest and most effective ways to protect your keepsakes. In a city with a history of flooding, storing items in basements or on ground floors is risky. Instead, place keepsakes on higher shelves, upper floors, or in attics well above expected flood levels. In fact, for long-term storage, elevated cabinets or specially designed storage units can provide peace of mind. Basically, they will prevent water damage during high-water events. 4. Digitize Important Items One of the most effective ways to protect family memories is by digitizing them. For instance, you can scan photos and documents. Then, you must covert old VHS tapes or film reels. Thereby, you can create digital backups that can’t be harmed by water or storms. I live in New Orleans, and using local digitization companies was a smart choice for me. Actually, these professionals understand the importance of preserving family memories in a city with a high risk of natural disasters. Whether you need high-quality scanning for photos or video conversion services, these companies can help digitize your most treasured items while handling them with care. In fact, once you digitize your files, you can store them securely in cloud storage. As a result, you can ensure they are accessible. Apart from that, you can protect them even if you lose the originals. 5. Create An Emergency Evacuation Plan In the event of a major storm, you must have a clear evacuation plan. Moreover, you must include your most important keepsakes in your plan, both physical and digital. Also, prepare a “go bag” with waterproof containers for physical items. Make sure to have a USB drive or external hard drive containing your new digital files. Actually, if you prepare in advance, you can quickly grab what’s most important. Thereby, you can ensure your irreplaceable memories are safe. Additionally, cloud-stored backups of digitized items allow you to access them from anywhere. This helps even if you are displaced for an extended period. Conclusion If you follow these tips, protecting keepsakes during storm surges in New Orleans will not be a big problem. Basically, New Orleans has a unique geography and vulnerability to storm surges. Hence, protecting keepsakes is a critical part of disaster preparation. Hence, start by identifying your valuable items. Then, store them securely in waterproof and elevated locations. After that, digitize them for long-term preservation. This way, by planning for emergencies, you can safeguard your cherished memories. Don’t wait until a storm is approaching to take action. Start digitizing your family photos, videos, and documents today to ensure your memories are preserved and protected for generations to come. Preparing now means peace of mind later, no matter what the weather brings. Do you have more suggestions for protecting keepsakes during storm surges? Please share your ideas and opinions in the comments section below. Read Also: Best Carpet Maintenance Practices 6 Expert Tips for Finding The Right Home to Buy How To Approach Home Maintenance With A Focus On Well-Being

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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Why You Need a Solid Wood Office Desk?

How Often Should You Schedule Professional Cleaning Service – A Detailed Guide

How To Prepare Your Home For Protecting Keepsakes During Storm Surges

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

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