Renovation Plan for existing properties worth over $800K

We understand that renovating your property is not small task.

The process can be overwhelming, but with the right plan in place, you can transform your property into a space that truly reflects your lifestyle and goals.

That’s why we’re sharing this step-by-step guide to help you create a bespoke renovation plan tailored to properties worth over $800K.

Step 1: Don’t know where to start? Assess the Property

  • Take a Good Look Around and Unlock Your Home’s Potential: Start by inspecting your property from top to bottom. This will help you spot areas that need immediate attention, as well as those that have potential for improvement.
  • Dream Big-Craft Your Ultimate Renovation Wishlist: Write down everything you’re considering for the renovation—from small updates to major overhauls. It’s your project, so dream big!

Step 2: Define Your Goals

  • What’s the Endgame? Setting Clear Renovation Objectives: Think about what you want out of this renovation. Are you looking to boost your home’s value, make it more functional, or simply give it a fresh new look? Having clear goals will guide your decisions.
  • Priorities, Priorities: Ranking Your Renovation Must-Haves: Once you know what you want, rank items in your wishlist in order of importance. This will help you focus on what really matters.

Step 3: Set Your Budget (Yes, it’s a Tough One!)

  • Money Matters: Determining Your Renovation Budget Without Breaking the Bank: Determine how much you’re comfortable spending. Be realistic about your budget, but also consider investing in high-quality and durable materials. Your home deserves the best!
  • Divide and Conquer: Allocating Funds to Different Renovation Projects: Break your budget down into categories, making sure each project gets the right amount of funding.
  • Expect the Unexpected: Setting Aside Funds for Renovation Surprises: It’s always a good idea to set aside some extra money for unexpected costs that might pop up.

Step 4: Hire an Architect

  • Why You Need an Architect: Navigating Design and Compliance with Ease: Engaging an architect is crucial for ensuring your renovation meets local building codes and regulations. They provide valuable insights on design, permits, and the overall feasibility of your project.
  • What to Expect: How Architects Transform Your Vision into Reality: Architects create detailed design plans that maximize space, functionality, and aesthetic appeal while ensuring structural integrity.
  • Permit Peace of Mind: Let Your Architect Handle the Bureaucracy: Your architect will manage the submission of design permits and navigate the approval process with local authorities, saving you time and hassle.

Step 5: Plan the Design

  • Design Dreams: Collaborating with Your Architect for a Cohesive Vision: Collaborate with your architect to establish a cohesive design vision that reflects your personal style and the property’s potential.

 

Read here how we transformed this family home for the young family in Mt Eliza.

 

  • Blueprints to Brilliance: Creating Detailed Plans that Align with Your Goals: Utilise your architect’s expertise to create detailed floor plans, design specifications, and materials selection that align with your goals.

Step 6: Hire Contractors

  • Finding the Right Fit: How to Choose Top Contractors for High-End Renovations: Find reputable contractors who specialize in the type of high-end renovation you’re planning. Experience matters when dealing with luxury properties.
  • Price vs. Quality: How to Compare Contractor Quotes Wisely: Obtain multiple quotes to compare prices, services, and timelines. Ensure that the contractors you’re considering have a track record of delivering quality work on time.
  • References Reveal All: Checking Contractor Work Quality Before You Commit: Verify the quality of the contractors’ work by checking references and reviewing their past projects.

Step 7: Develop a Timeline

  • Timeline Triumph: Crafting a Realistic Renovation Schedule: Develop a realistic timeline for your renovation, including start and end dates. Consider the complexity of the project and any potential delays.
  • Milestones Matter: Breaking Down Your Renovation into Manageable Phases: Break the timeline into phases with specific milestones to track progress and ensure the project stays on schedule.
  • Flexibility is Key: Adapting Your Timeline to Unforeseen Challenges: While it’s important to have a timeline, be prepared for potential delays and adjust as needed to accommodate any unforeseen issues.

TL;DR

Bespoke Renovation Plan

A detailed and well-thought-out renovation plan is key to the success of your project. By following these 7 simple steps:

  1. assessing the property
  2. defining your goals
  3. establishing a budget
  4. hiring an architect
  5. planning the design
  6. hiring contractors
  7. developing a timeline

You’ll set the stage for a smooth and successful renovation.

Obviously, we couldn’t cover all aspects of renovation plans and it needs to be tailored to your property. Get in touch with us and we will help you to create this plan.