How to project manage your property renovation

Taking on a ‘doer-upper’ is a great way to get a better property on a budget and properly leave your stamp on your new home.

Whether you’re in the market for your forever home or you’re looking to flip the place to make a profit, managing the project yourself gives you extra control over every aspect.

However, it’s not all plain sailing.

Here we’ll look at the things you must remember when managing your own property renovation – both good and bad.

Things you must DO

Let’s start with the dos. Making sure that these things remain in place should make for a much smoother renovation.

Review your timeline and budget

It’s imperative that you know where you stand with regard to timelines and budgets at every stage of the project.

Losing sight of your budget could mean that your timeline goes out of the window if tasks need to be delayed while forgetting about your timeline can be a costly exercise if you have to hire tradespeople at short notice and pay extra for the privilege.

Remember the basics of health and safety

Now you might not be doing the work yourself, but you don’t want injuries delaying your project timeline or affecting your budget.

Ensure that anyone working on your property is wearing correct PPE at all times and call out sloppy practices as you see them.

Choose tradespeople you can trust

If you’ve worked with tradespeople who’ve done a good job for you before then fostering that relationship and giving them more work can be mutually beneficial.

If you need recommendations, do some research and consider the key points of what previous customers have to say. Were they punctual? Did they leave the house clean? Be sure to ask these questions if the info isn’t immediately forthcoming.

Things you must NOT do

Similarly, there are a number of things that are best avoided if you are to make a success of your project.

Don’t start work without proper plans and designs in place

There’s little point in getting trades in to help your project if you aren’t prepared yet to give them clear instructions.

Have a proper plan in place for each phase of the project before calling in the experts and they will be able to follow your plans to a T.

Don’t ignore advice from professionals and experts

They’re the experts for a reason. As much as it’s important to try and plan ahead, if a tradesperson tells you that the plan is flawed, it’s an idea to listen to them.

Don’t lose sight of your goals

Whether you’re looking to profit from the property or live there long-term, having this in your mind at all times will help guide more rational decisions about the project.

Written by Julie Hanson

Julie is passionate about property – development, investment and portfolio planning. Along with husband Alec, Julie is actively building a property portfolio while helping others to do the same.

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