Often, new premium developments like the Martin Modern condominium reveal their best and most gorgeous home designs in their showflat locations. These designs are probably a key factor in your decision making when it comes to purchasing or investing in a condominium unit. However, no matter how well built a property is, it will require renovations at one time or another due to continued use. The once perfect looking finishing will start to look dull; the perfectly fitted tiles will chip or get stains among others. If your condominium looks outdated and dull than when you first bought it, you may consider renovating to increase its value or make it look better.
While renovation is an excellent idea, it can also turn disastrous and end up damaging your investment. Therefore, if you are planning to start on remodeling your condominium, here are some costly mistakes that you should avoid:
Hiring a cheap contractor
After doing your market research on contractors within Singapore, you may find that renovations do not come cheap. There is a good reason for this. The renovation of a house requires a lot of knowledge. You need to have someone who has had plenty of experience to know what will work for your condo. Indeed, you may find some contractors that offer very attractive prices, however, you have to choose with your own discretion. There have been instances in Singapore where renovation contractors simply disappear once the money has been handed over without getting the job done. Some others may provide renovations of sub-standard and provide very poor after-sale service. Essentially, what you are paying for is quality and assurance in that your home renovations will be of the best standards and you would not have to worry about it. Do not settle for the cheapest contractor that comes your way. Take your time to look for a contractor and check out their reviews for a better understanding of their service and offering.
Hiring a quack for your interior design
As a homeowner, you may feel the need to cut down on your renovation project by going for any interior designer. Do not simply go for the first or cheapest designer you can find or you may risk ending up with a cluttered home that does not reflect what you had in mind in the first place. Talk to professional interior designers and agree on the price of the project. With a professional, you will get plenty of proper advice on what works for you.
Failure to work with a budget
Failing to budget is like accelerating towards a cliff. Renovating any building is a costly affair. Take time to plan, come up with a budget and outsource professional services you are likely to need. To be on the safe side, always work with a higher percentage of the cost to take care of any miscellaneous or any other service that you may require.
Not knowing when to stop
You may think upgrading every aspect of your condominium will add value and bring the best out of it. Avoid such an approach and work on minimal upgrades that will increase the value of your unit. If you are not sure what to update, talk to a professional contractor who will guide you. However, remember to agree on the price before starting and include it in your budget.
With this information in mind, avoid learning from your mistakes. They will cost you money and time. Learn from the mistakes of other homeowners and make an informed decision whenever you wish to undertake renovation projects.