do home renovations increase property value

How To Plan A Home Renovation

Starting a home renovation is an exciting prospect, offering the chance to transform your living space into something truly reflective of your needs and desires. However, a successful renovation doesn’t happen by chance. It’s the result of meticulous planning that begins long before any demolition. A well-structured plan ensures efficiency, helps manage costs, minimises stress, and ultimately delivers the desired outcome.

1. DEFINE YOUR SCOPE AND VISION CLEARLY

The first step in any renovation is to clearly understand what you want to achieve:

  • Purpose. Why are you renovating? Is it to increase space, improve functionality, update aesthetics, enhance property value for resale, or adapt for a new life stage?
  • Inspiration. Gather ideas from various sources like design magazines, online platforms (Pinterest, Houzz), and show homes. Create mood boards to visualise your preferred styles, colours and materials.
  • Functionality. Think about how you use each space currently and how you want to use it after the renovation. This helps in optimising layouts.

2. ASSESS NEEDS VERSUS WANTS

Distinguishing between essential improvements and desirable luxuries is crucial for effective planning and budgeting:

  • Prioritisation. List all your desired changes and categorise them as “must-haves,” “nice-to-haves,” and “wish-list” items.
  • Compromise. Be prepared to make trade-offs. Not every item on your wish list may be feasible within your budget or timeline. Prioritising ensures the most important aspects are addressed.

3. ESTABLISH A REALISTIC BUDGET

Financial planning is the backbone of any successful renovation. This step is intertwined with defining your scope:

  • Affordability. Determine your maximum spending capacity, including savings, potential loans, and any borrowing.
  • Contingency Fund. Always allocate an additional 10% of your total estimated budget for unforeseen issues. This buffer is vital for older homes or complex structural work.
  • Detailed Costing. Engage a registered builder like Cornerstone Property Group who will provide a comprehensive, fixed price quote—so you’re fully aware of all costs upfront and protected from unexpected expenses. This also ensures every aspect of your renovation is compliant, properly certified, and covered by the necessary insurances, giving you peace of mind from start to finish.

4. SEEK PROFESSIONAL ADVICE

For most significant renovations, expert input is invaluable:

  • Architect/Designer. Consider engaging an architect for structural changes, extensions, or complex layouts, and an interior designer for aesthetic guidance, space planning, and material selection. At Cornerstone Property Group, our renovation services included a qualified builder and experienced interior designer who work seamlessly together to maximise the potential of your space and delivering exceptional functionality and visual appeal and material selections to budget.
  • Builder/Contractor. Consult with a reputable builder early. They can offer insights into feasibility, potential challenges, and realistic timelines and costs. Get multiple detailed quotes.

5. DEVELOP DETAILED PLANS AND DRAWINGS

Translating your vision into concrete plans is essential for accurate execution:

  • Design Phase. Work with your chosen professionals to create detailed drawings, floor plans, and elevations. These plans will guide the contractors and ensure everyone is working towards the same vision. All of which Cornerstone provide in their full-renovation service so you can be confident with having a visual of your planned bathroom, kitchen or laundry renovation prior to commencement.
  • Material Selection. Finalise your choices for all materials, fixtures, and fittings (e.g., flooring, cabinetry, benchtops, tiles, paint colours, lighting). Making these decisions early prevents delays during construction, Cornerstone Property Group’s inclusive interior design service supports you every step of the way, making this an enjoyable and stress-free experience.

6. CREATE A PROJECT TIMELINE AND LOGISTICS PLAN

A clear schedule helps manage expectations and minimise disruption:

  • Phasing. Divide the project into distinct phases, setting clear estimated start and completion dates for each.
  • Disruption Management. Plan for how the renovation will impact your daily life. Will you need to move out temporarily? How will utilities be affected?
    Cornerstone Property Group has a dedicated team of specialist tradespeople, including plumbers, electricians, and carpenters, who work efficiently to complete your project promptly and provide you with a realistic timeframe to minimise disruption.
  • Communication Plan. Establish how often you’ll communicate with your contractor and what updates you expect throughout the project. At Cornerstone Property Group, we provide a dedicated Project Manager, so you have a single point of contact who keeps you informed at every stage of your renovation.

By meticulously following these planning steps, you lay a strong foundation for a successful home renovation, transforming your vision into a well-executed reality.