Blog

4 Tips To Save Time And Money While Renovating Your House

Home remodeling and renovations are quite expensive projects. You will see many people running over their actual budgets with thousands more. Even will deliberate planning and budgeting, renovation usually gets out of hand consuming many extra days and dollars. So if you have experienced this yourself earlier or seen someone toppling down the venture, have a look at our 4 tips that would help you save your money and time while renovating the house.

So what is it that you want? Is it home improvements Perth, simple renovation, or an entire remodeling of your interior, or adding an extension in your backyard? Read our guide for subtle and smooth leads.

Start With The End In Mind

While planning a renovation, you must be realistic in your budget. It’s even better if you split your money on the structural work, fixtures, and fittings, and finishing. Now, choose from the better options. For example, creating anew is better and cheaper than extending and remodeling. The latter has the removing structural costs which are heavy on your construction bills and can be otherwise used on wall finishes, electric, flooring, and plumbing deals. Employ the services of a renovation professional so you don’t stick on petty issues of groundwork or plumbing.

Take Maximum Quotations

When multinationals require the services of any professional, they take quotes from as many vendors as possible and choose the best that suits their needs and budget. In your home renovation, you must do the same for better comparisons and accurate costs. Do ask questions from your remodeling contractor, tell them your expectations, talk about the specifications and details, you may be able to save hundreds of bucks if discuss things beforehand. Make sure that you choose one main contractor who may sub-contract with others but mainly be responsible for the whole project. Things will be easy if you have only one person question.

Don’t Make Big Purchases

Compare the costs of your internal fixtures such as appliances, soft furnishing, furniture, and flooring material. Don’t just rush to the local stores or rely solely on the branded products. Cheaper in terms of money doesn’t necessarily mean that the quality is compromised. Look for alternatives, maybe the second-hand products would do the job. Or the refurbished products that come with a warranty. You may also look for an exchange offer against your old stuff. If not, sell it and make some money out of it rather than throwing them all together.

Keep The Footprints Of Your Home Intact

Prefer not to move the walls, windows, stoves, basins, bathtubs, or even the light fixtures while renovating your home. It could be quite expensive if you do so. For example, when you remove a wall, it requires the costly installation of load-bearing beams, which is extra on your pocket. The relocation of the ventilation of a stove or a gas line would require you to pay for extra plumbing, wiring, new counters, conduits, and cabinets. It’s not worth to mess the footprints of your home while remodeling until it affects the functionality of your place.

Before starting over on your home renovation project, do as much research as you can. Prefer not to take any consumer debt for remodeling. Plan carefully, be realistic, and stick to your budget. Hire help if you can. DIY if it worth your anxiety. Also, take a permit if you need to make any structural changes at your place. We wish you happy renovations and a dream home in advance.

Investment Property, News

Investing Real Estate | How to do Real Estate Trading in 2020

The current economic context, characterized by extremely low and in some cases even negative interest rates , means that the return on bank deposits, the investment product preferred by families in recent decades, is practically nil. As a result, many investors have withdrawn their money from these deposits to concentrate it on new investments. The real estate market is one of these options and, by the way, one of the most popular. Few people in Italy can say they don’t know anyone who has invested in the real estate market in one way or another and with better or worse luck.

The binomial real estate – investment has been much discussed both in Italy and in the rest of the world. Especially in our country, where many people, as soon as they manage to collect enough savings, immediately go to real estate investment, usually with the physical purchase of a property (often an apartment in a holiday resort or a second home) without knowing other investment opportunities that offer more opportunities.

Simplifying it, real estate trading represents the market in which different types of properties are bought and sold, whether they are private homes, commercial spaces, agricultural land, building systems, lots, etc.

Wanting to amplify the answer to the question “What is real estate trading” attracts many people, but few potential investors think that buying and owning a property may not be as easy as they imagine. And above all, it may not meet its return on investment expectations.

Have turned away from the housing market in times of financial crisis . Physically buying a property is often associated with paying for loans, taxes and fees, major repairs, renting a tenant, and other activities or things that can be unpleasant or create potential complications.

Investment Property, News

Real estate investments, which assets to focus on after Covid

During the virtual round table ” COVID-19 and Italy Real Estate: Asset resilience and price valuations “, the moderator Paola Ricciardi, Country Managing Director of Duff & Phelps in Italy, highlighted: “It is difficult to make forecasts on the real estate market in Italy, but some asset classes are perceived as more resilient, in particular residential, logistics and offices ”.

As for the residential sector , according to Ricciardi “it could record a contraction in market demand, ready to intercept a new challenge in the Italian real estate market, looking for larger and newer concept living spaces compared to the pre-pandemic period, especially in suburban areas

Among the drivers of the near future, the evolution of the “Rent Residential” sector, with a probable increase in the demand for increasingly efficient and person-friendly services and with the cities of Milan and Rome which will continue to represent poles of attraction for international, corporate and private investors. Finally, the “Senior Living” and the “Student Housing” will represent two asset classes which, although rethought, will continue to arouse interest.

The “ Hospitality & Leisure ” and “ Retail ” sectors, on the other hand, are most affected by the situation , but they present good investment opportunities for the future.