Start your renovation with the right tools

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Women Renovating House

Over the past couple of months, we’ve spent more time at home than anywhere else.

With that increased time inside the same four walls, many of us have been contemplating a bit of DIY or giving our home a revamp! As the saying goes ‘change is as good as a holiday’, and with most of us having to go without the holiday, are you considering a change closer to home? Not only does an updated home help make you and your loved ones feel comfortable, but it also has the potential bonus of adding value to your property price.

At Neyber we know that home renovations can be big, and often costly projects. So before you take the plunge, here’s a few helpful tips that could make the process go a lot more smoothly.

Think before you jump

It’s tempting to start straight away and get the ball rolling when the inspiration strikes. But, the order in which you renovate matters: you don’t want to paint yourself into a corner (figuratively or literally)! Whilst budgeting is an obvious part of the process, you also need to organize how it all gets done. How big are you going?

Do you need to consider hiring a skip to get rid of the rubbish? When planning timings and your budget, give yourself a cushion, just in case you run into any little snags along the way. Creating a deadline is great for staying on track, but don’t stress yourself out if you miss it by a week or two.

The best of the best

You naturally will want long lasting, quality furniture and finishes, and you may find your expenses creeping up as you bring your dream home to life. There’s always going to be a trade-off between price and quality. Allow yourself some bits you won’t compromise on: if you’ve fallen in love with some Italian marble countertops, or a quirky light fixture, if you can afford it, let yourself indulge.

On the flip side, you’ll need to compromise on some items or materials, whether that’s because it falls out of your price range, or simply because it’s impractical. If it’s a toss-up and you can’t decide, choose whatever you’ll use more often – you’ll use your taps every day, for example, as opposed to a decorative finish on the skirting.

Living the dream

It’s easy to get caught up in what could be. As you Google and Pinterest all the wonderful ways you could transform your home, it’s important to ensure that it’s possible and practical to achieve.

If what you have in mind requires planning permissions and permits – check online or with your local council what you’re able to do. Another important factor is your home insurance. Your usual insurance might not cover property work, so check in to make sure that you’ve got all your bases covered before you begin work.

It’s not just the materials you need to inspect, but also the people you work with. If you’re bringing in outside help, do your research so you can avoid cowboy contractors. It’s better to use trusted and reviewed tradesmen who will deliver, and if you can get references from friends or family that have had a good experience, even better. If changes happen along the way, make sure you’ve clarified them in writing so that there aren’t any misunderstandings at the end of the project.

In short:

  • Plan, plan plan – the more you’ve checked beforehand, the less unwelcome surprises you’ll encounter along the way
  • Be flexible – don’t go overboard, but make space for hitches to happen, so that if it takes a little longer, or you dig into your pocket a little deeper, it doesn’t end in disaster
  • Know your materials and contractors. You don’t need to be a design guru and check every last finishing touch, but understanding what you’ve chosen and why is key to a long-lasting renovation.

Don’t forget to set some time aside for yourself, too, so you can step back and assess as things proceed. No renovation big or small ever goes exactly as planned, but you can keep yourself on track and unstressed with these simple tips – good luck!

Important: This is an option, not a recommendation. Your employer does not benefit from offering this service and all your communications will be with Salary Finance trading as Neyber. This content is for guidance and educational purposes only and is generic in nature. Salary Finance trading as Neyber does not offer regulated financial advice. Please seek independent financial advice. Applications will be assessed to ensure the loan is appropriate and affordable for you