Anyone who owns their own property knows that home renovations never end. After all, we are always replacing our furniture or modifying the style of decoration of the rooms. In addition, time makes many parts need to be modified or exchanged.
And the final value of all this is not usually cheap. Many people even resort to taking out a loan so that the renovations can come out in less time. But do you know what the main expenses and costs are? Read on until the end to find out everything!
What are the biggest problems with renovating a house?
It is not new that work is synonymous of headache. After all, reports of delays and expenses much greater than anticipated are not uncommon. However, just as it can go unplanned and end up costing a lot more, there are also ways to make it cheaper.
In addition to the civil part, there is the woodworking stage (where planned furniture enters, for example) and finishing (which includes accessories such as faucets, lamps, etc). And it is precisely at these more expensive stages of the work that it is possible to make more expressive cuts to fit the budget. Even because the devil lives in the details, right?
The purchase of materials, in fact, is responsible for most of the expenses with work. According to Fernanda, this slice is approximately 70% of the total cost of the renovation. The workforce is left with the remaining 30%. She suggests, however, that clients avoid saving on expenses with professionals.
How much is it worth spending on a work?
It is not difficult to find those who question whether spending on a work will be worth it. According to professionals in the field, however, there are calculations that can be made to define the decision.
Renovating, the owner is able to rent or sell the apartment faster, as the buyer will not think so much for fear of spending on renovations. And this is enough percentage for the money invested to ‘”return” on the sale.
Ideally, the property owner spends 10% to 15% of its value on the work if he wants to sell it. If the objective is to rent, the work should cost 8% to 10% of the price of the house or apartment.
Tips for those who want to renovate
If you’ve already decided to do the work, there are some ways to save money, avoid extra expenses and avoid unwanted delays. The first suggestion is to research the materials a lot. Wooden floors, for example, are very nice, but expensive. Vinyl flooring is just as good and costs a lot cheaper.
Another tip, according to experts, is to hire professional help. Although initially it seems more expensive, a professional knows more suppliers, manages to bargain, in addition to optimizing expenses. He will know how to assemble something and save money on it.
One more suggestion that can be considered is to take out insurance for works and renovations. Sometimes the insurance amount is 1% of the work and it’s worth it. Avoid headaches in the future.
The basic coverage of construction insurance includes protection against fire, lightning, explosion, natural phenomena (as in the main residential insurances), as well as execution errors, collapse, robbery or qualified theft, among others.
The additional coverage is: debris expenses, extraordinary expenses, mobile equipment, design error, civil liability, surrounding properties, expert fees, among others.
To avoid extra expenses (which, according to Beraldo, from Iná, are normally 5% of the total work), one suggestion is to ask the responsible architect to show the project when it is halfway through.
This suggestion also helps to reduce the possibility of delays in the work, since the entire project idea will be agreed between the client and the responsible team, without having to make changes.
