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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The New Trend: Drawer Boxes

Life should not be complicated, it already is and we need to be able to live in a space that would allow us to relax and appreciate the better things in life. The problem with our materialist society is that we are all caught up in this vortex of buying new things on a daily or weekly basis. Online shopping and TV shopping have made it possible to order something and have it delivered in your doorstep. The tendency to buy and own things is increasing by the minute and one does not even have to go to the malls to do it. It is also a reality that more often than not, we end up buying things that we don’t need and we don’t have space for in the house and it becomes another one of those things we do not use but cannot give away. We have so much stuff inside our homes that we do not notice that it has taken over our bedrooms, closets, living room, garage, and even the basement. When this happens, we can say goodbye to that dream of having a relaxing and soothing living space. Many experts agree that a better living condition can be achieved if we have a well-organized home. A new show advocates living with the bare essentials and giving away all the other stuff that we do not use on a daily basis. The said show has become popular and even celebrities are trying to adhere to that minimalistic lifestyle, but it is easier said than done. For most people, parting with stuff they have bought and paid good money with will be difficult, but one cannot also live with such chaos in their homes. The best solution to this predicament is to remodel their closets and living spaces and to add more storage space. Building a new closet or adding shelves and storage cabinets can be expensive and time-consuming. One has to hire carpenters and builders and one has to invest in good quality wood to achieve this. Moreover, remodeling or building a new room for storage seems to be too much for a simple problem as clutter and lack of organization. The old adage that says “everything in its proper place and places everything properly” seems to be true, with the organization and the commitment to organize one’s home, we may be clutter free in the near future. There are a lot of ways in which to organize our homes and the things that we have accumulated through the years, but the most effective means is to organize it using a personalized system that takes into account the kind, purpose, and rate of use of a certain item. Also, one cannot begin to organize without heavy-duty and quality drawer boxes. Drawer boxes can be customized depending on the current system used in the house and those that are already installed, such that adding new ones will not clash with the existing theme or décor of the house. Drawer boxes can be made up of any material, the most common are plastic, wood, and laminated wood, and the choice, however, depends on the budget and style that the homeowner wants. But the most value for their money would be drawer boxes made of real wood. Wood is always elegant, and it can be painted, glossed, stained or bleached to complement the existing drawer boxes in the house. Wooden drawer boxes can also come in all shapes and sizes, to maximize the storage space for all those clutter and other purchases that one cannot seem to give away. There are also companies that can manufacture ready-made drawer boxes for every size and dimensions that you want so that it will blend seamlessly with your existing drawer boxes. Want to upgrade your shelves and cabinets but do not want to spend as much as having it completely remodeled, then buying pre-fabricated drawer boxes is the key. Drawer boxes can effectively eradicate clutter and will efficiently store the collected items to last until it will be used. However, to make it work, the owner has to have a system in which to determine which item goes to which drawer and a master list or catalogue of what is in a drawer box should also be done. This will save the owner from going through each box to find something that they need. This system should also be communicated to other members of the family, as it will make future organizing easier. Also, there are rules to follow in terms of organizing for long-term storage, like things that will be used on a seasonal basis should be stored in the garage while those that are used on a daily basis should be stored in the most accessible part of the house. Moreover, stuff can be organized inside the drawer boxes in terms of its frequency of use, those that are not used always must be placed at the back of the box while those that are used often should be in the front of the box. Also, one can add the category, color, and relevance to the organizing criteria, but not everyone would agree. Drawer boxes are an effective means of handling and taking charge of one’s clutter and disorganized stuff, it is also cost-effective and aesthetically pleasing as it will add beauty to the home. The choices are endless and it is easy to achieve that well-organized and relaxing home with the use of appropriate drawer boxes. Most especially that one can order a specific drawer box and use it immediately without having to hire carpenters or other workers to install it for you. It also comes with an instructional manual that anybody can do it for themselves. Drawer boxes can store as many items as you would like and the overall effect would be a well put together home, with emphasis on cleanliness and organization. One can truly feel relaxed and happy in a well-organized home and if one ends up buying more stuff, drawer boxes will always do the trick! Read Also: Ten Tips To Make Most Out Of Your Outdoor Space Here’s How To Turn Your Garage Into A Bedroom On A Budget!

What You Need To Know About Ceiling Textures And Drywall Options

Drywalls are those construction materials that are used to create walls and ceilings of your home. Not all that but, drywalls also come in handy if you want to create design features like eaves, arches, or any mind-blowing architecrequireigns!!! Do you know the best part about drywalls? These are super easy to install, highly durable, and only require simple repairs when damaged. So drywall is a flat component composed of calcium sulfate dihydrate, typically extruded between thick sheets of facer and backer paper, used to construct interior walls and ceilings. Through this article, I’ll be talking about the ceiling textures and the drywall options you can choose for your home!!! The Ceiling Textures And Your Drywall Options Decorating your home can be a real challenge for many!!! And choosing the right drywall finish or texture can prove to be a hard nut to crack. And it’s very natural to get at a state of indecision if you are handpicking it for your new home or renovation project. There are so many options that it feels like you are “searching for a pearl in an ocean.” Making up your mind about whether or not to go for texturing your ceiling can be a tough job. And even if you choose to texture your ceilings, there are chances you’ll be confused about which one to go for!!!! And remember, getting the drywall right is the first step of tiling projects?”. But No Need To Worry!! This article will guide you to choose the perfect texture and drywall option for your ceilings to look elegant more than ever!! 1. Sheetrock Texture: Old Is Gold Sheetrock ceiling texture is a drywall ceiling texture that has been famous since 1917. The reason this drywall texture is so awesomely renowned is because of the artistic look that it gives to your ceiling And the best part, you don’t need to use and sort of spray paint in this case. You can achieve this texture by using your artistic hand technique and without using any special brushes. This texture is perfect for any room. There are no restrictions of use for this ceiling texture. 2. Stipple Brush Texture: A Test of Your Skill This texture is not as easy as it seems. You need skills for this texture to be created. In order to create this texture, you need a roller and slap brush. The fascinating fact about this texture is it can cover the bumps and holes on your ceiling. And if you have the skills, then this texture can surely make your ceiling look gorgeous than ever!! 3. Swirl Texture: Creativity Taken To A New Level In order to achieve this texture, you need either a roller or sprayer. You can also do this by using a technique called “the basic swirl” method. But one thing that you need to keep in mind is while creating this texture, you’ll need a lot of patience to get the best result. And the difficult part is you need to create the pattern before the mud dries. So make sure to have a helping hand by your side. Overall, the texture can really give that awesome look on your ceilings if you do it in the right way!!! 4. Orange Peel Texture: A Color of Choice The name suggests all, the color of orange skin, but sometimes it’s also called “an eggshell” ceiling texture. If you really love this color, then this can be on the top of your favorite lists. In order to create this texture, you need to apply thin mud to the ceiling using a spray gun set at very high pressure. The more artistic mind you have, the artistic look it has got!!!! 5. Smooth Textures: Choice of Many If you are someone who wants the best at a cheap cost, then this texture is just the right choice for you. Moreover, you don’t need to have much skills to create this texture design. The look of this texture is just mind-blowing, and if you are someone who likes things to be consistently gorgeous, then this is the texture you can have for your ceiling. This texture is effortless to remove and is also perfectly suited for any room. 6. Tree Bark Texture: Beauty of Nature If you are someone who loves nature and wants to bring the reflection of nature inside your home, then this textured style is just the option you can have. This ceiling has the look of a tree. You can create this texture just by using a heavy roller. The texture might look simple, but it’s very artistic and can surely catch the eyes of many. If you have a farmhouse, then this texture will double the beauty!!!!! 7. Slap Brush Texture: Slap The Beauty Out Artistic, gorgeous, beautiful, and elegant are the nicknames you can give to this texture. A complete package of beauty!!!! To get this texture, you’ll be needing a brush with very stiff bristles and thin mud. Firstly, you have to cover your ceiling with mud using a roller, then take the brush and slap the ceiling from the edge. This can be a hard nut to crack because if you don’t get it right on the first shot, the whole ceiling might end up looking messy. 8. Popcorn Texture: Cottage Cheese This texture, also known as the “cottage cheese” or “acoustic” ceiling texture, is probably one of the most famous ceiling textures ever!!! If you look closely, you’ll see it’s kind of a look-alike of “popcorn.” That’s why it’s called “popcorn texture.” In order to achieve the correct texture, you need to use a sprayer to apply to your ceiling. This contains Styrofoam with mud which gives that puffy effect. But it will require you to have a lot of skill to achieve this effect. That’s because the “popcorn texture” is both challenging to apply and remove. I hope this article will help you to know about the needs of ceiling textures and drywall options. And now I believe you’ll be able to get yourself the perfect texture for your ceilings. Read Also: Here’s How to Turn Your Garage into a Bedroom on a Budget! Turn your attic into a living space

How to Protect Your Wood Flooring in a Busy Household

A busy household is one with a lot of love. Whether it is a lot of people all living together in one home or just neighbors and friends dropping by at all hours of the day and night, keeping up with a barrage of feet across your floors can be difficult. A stylish wood flooring might be exactly what you need in terms of aesthetics but what can you do in terms of protection? Keep reading to find out. Choose the Right Floor: Protecting the floor actually begins a long time before it is even laid. One of the most crucial decisions you can make when it comes to choosing the right flooring comes from which wood you pick. If you opt for a design which has been treated to be resistant then you know it will be a little longer lasting than something else you could choose. You should also choose something on the neutral side so it will always be in style no matter how much you change the rest of the room about. The right color will blend in with everything and can even help to disguise stains depending on what you choose. Enforce “Shoes Off” Yes, you might have to be one of those households which enforces a shoes-off rule. If you want to maintain clean floors as often as possible, you need to ensure that no-one is trekking mud and dirt through your home on the soles of their shoes. Some people only like to use this rule when they have carpets, but it can also be used when you have wood flooring you want to keep pristine. Keep a collection of slippers just for guests if they aren’t comfortable walking around in just socks. Use Protector Pads on Furniture: Head to any hardware store or even your local supermarket, and you will be able to find a square of felt which you can cut up and used to cushion the feet of your furniture. This can be bought either in the pre-cut shapes or you can do it yourself. If you have furniture like chairs which frequently get dragged along your floor, this felt will help to protect the floor. Long scores and other damage on the floor can be extremely difficult to fix and you should instead try to focus on preventing such damage. Put the pads on any furniture will be resting on the floor even if it will not be moved often. It might not be the most convenient for you to try to place the pads on your heavy dresser, but it will be worth it if it means your floor won’t be damaged. Just the natural shift of people walking around the house might be enough to cause it to move and damage your floors. Wipe up Spillages ASAP: Wood floors are great as they do not require that much in the way of maintenance but there is one thing you must be exceptionally vigilant about. This is spillages from liquids; something which might happen quite a lot in households with a lot of people. From drinks being dropped to vases getting knocked over, there is plenty of scope for things being spilled on your beautiful wooden floor. If this spillage is left unattended, you can risk the wood warping and become irrevocably damaged. There is not really any way to correct wood once it has warped so it is easier to just be vigilant and clean up the spills as they happen instead. If you have young children, make sure that you instill in them the knowledge that spilling on the floor is not wrong if it is an accident, but it must be cleaned up as soon as possible. Gentle, Regular Cleaning: A wood floor can look beautiful, but you need to be very careful about what you use to clean it if you want it to remain as good as possible for the longest amount of time. First of all, a regular sweep will work wonders. Build one into your routine. If you do a daily clean down or tidy of the room with the wood floor just to keep things nice and neat, running around with a broom is not a massive addition to your cleaning routine. When it comes to something a little more, all you need is a good microfibre mop. These are brilliant as you can really wring them out to ensure that they are merely damp as opposed to wet. You should not want to use anything too wet to avoid the warping problem mentioned above. A damp microfibre mop and a suitable cleaner which can be used on wood flooring are all you need to ensure that the wood is left sparkling clean. Read more: Use Floor Polishing For Keeping Your Flooring Looking New A Stylish Rug or Two: If your wood floor is in somewhere with a lot of traffic, for example, a hallway or the kitchen, then you might want to take an extra precaution to protect the floor through the use of a rug. This will protect your floor from some additional wear and tear and can help to prevent those tell-tale marks which slowly appear from lots of feet trailing through the same area. What’s more, it is incredibly easy to find rugs to match whatever style you might have in a room. With a load of different textures and designs to choose from, you can very easily find the perfect rug to match your room and rest knowing that the floor underneath will stay protected that little bit longer. Find the Right Floor for You Today: If you have been holding back on installing a wood floor because you think your household is too busy for it, you need to correct that mistake now. There are plenty of options for you even if you have a house bursting at the seams with loved ones! With the tips mentioned above, there is no reason why you cannot have a beautiful wood floor in your home even if you have visitors at all hours of the day and night. Read Also: How Long Does Vinyl Flooring Last? 7 Advantages Of Reflective Epoxy Flooring 5 Factors To Consider In Choosing The Right Floor Colors

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

Tags

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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The New Trend: Drawer Boxes

What You Need To Know About Ceiling Textures And Drywall Options

How to Protect Your Wood Flooring in a Busy Household

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

Related