September 24th, 2016 in

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Bathroom Renovations: What Tradies Do I Need?

Bathroom renovations can take a lot of time and commitment to finish and do properly. For this reason, going for a simple bathroom renovation might be more suitable, and in the long run easy, for you to plan.

You will find that the typical cost of complete bathroom renovations will vary widely depending on how involved your plan is. However, you can do it for far less – a couple of thousand at most – with the caveat that you’ll be mostly making cosmetic changes.
 
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If you intend on getting any more detailed then you will have to be prepared to shell out – it’s just a fact with any home renovation project. The more high-end you go, the more it will cost you. This includes making any major structural changes, moving the plumbing, adding or replacing walls and floor tiles.

Like any other element of your home improvement project, complete bathroom renovations require a lot of planning. You’ll be doing everything from improving structural quality to adding new features and this means that the cost and time of even a simple bathroom remodeling can be tricky to work out.
 

How Long Does a Bathroom Renovation Take?

 
Typically, a bathroom renovation could take as long as eight weeks for planning and three to four weeks of actual building time. This takes into account everything from the selection and purchasing of materials, dealing with any unforeseen issues, and of course finding a good design.

It’s highly likely that you’ll need to engage the services of quite a few tradesmen and contractors if you can’t do the job yourself.
 

From builders, architects, electricians, painters, plumbers, tilers and waterproofers – they are all required at some stage of the process to complete the bathroom renovations.

 
Trying to manage a bathroom build without all of these experts is a hard thing to do. Many of them, such as electricians, are necessary, as you need an accredited professional to sign off on the work in order for local government approval. Even simple bathroom renovations will require you use some of the contractors mentioned above.

One major piece of advice – ALWAYS ensure that anyone you do decide to hire is licensed, insured, experienced and trustworthy. Look for references and examples of their work, and if they can’t produce these then don’t hire them at all.

 

how to hiring contractors for renovations

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What Contractors Can Help Me With My Bathroom Renovations?

 
As mentioned before, you should expect to hire in some help during your bathroom renovation job. Even if you are capable of doing the work yourself, you still need some tradesmen to sign off on things like plumbing and electrics.

Failing to engage a certified professional could mean that in the event of a problem or accident you may not be fully covered by insurance. And this could prove to be a very costly mistake!

Typically, you’ll need to think about the practicality of the job as much as anything else. If you intend on doing even some basic fitting work or changing the layout of the bathroom, you should definitely work out who you’ll need to help you.

One of the best places to look for contractors are service provider websites such as:
 

 

All you have to do is enter your job description and within no time you get tradesmen sending you quotes for the work. It’s that easy.
 
plumber bathroom renovation
 

Top 8 Contractors to Hire For Bathroom Renovations

 

  • Builder – a builder will help you do everything from start to finish but they tend to be on the expensive side as they literally manage the whole process. If you don’t mind running around and doing some of the work yourself then you can quickly save a fair chunk of money. But if you’d rather not get your hands dirty and have the cash to burn, then hiring a builder is your best bet, as they’ll manage everything for you.
  • Architect – to help you design the plans and layout for your bathroom, and to make sure everything fits into the space you have.
  • Carpenter – helps build the cabinets and storage space in the bathroom, making it look as professional as possible.
  • Electrician – for handling everything from the lighting and power to heating and ventilation.
  • Painters – to help you get the place looking wonderful when you are finished with the building and design work.
  • Plumbers – handle anything that involves water, making sure that bathroom fixtures, bath, shower and toilet are all working and flowing smoothly.
  • Tilers – a vital part of the process. They help you make sure that everything from drain management to overall quality of design is just right.
  • Waterproofer – to make sure that the place stays nice and dry after you go for a shower, for example.

 

electrician bathroom renovations
 

Planning the Cost of a Bathroom Renovation Upfront Will Save You Money

 
As I said earlier, your bathroom renovation could end up costing you as much as five figures. Why? Because you’ll have to:
 

  • Pay all the tradesmen listed above. Often they can charge you hundreds for even the simplest jobs so it’s worth it to plan ahead.
  • Pay for the work to be managed. This means having to get the right order of tradesman in, or jobs will have to be done over again as people overlap each other. You can either do this yourself or hire someone like a builder to do it for you.
  • Organize the materials and the products to be ordered, delivered and fitted. It’s crucial to make sure you order all the materials in advance of the bathroom renovation. You will save yourself a lot of time and money that way.
  • Work with a builder or planner to make sure you have a workable plan that everyone agrees to. This is a must if you want to make sure your bathroom renovations go off without a hitch.
  • As you can see, there is plenty of upfront planning and work needed to guarantee a smooth running renovation project.

 

If you’re unsure of how to best plan out your bathroom renovations, then it’s a good idea to bite the bullet and pay for experts to help you. And remember to put aside plenty of planning time!
 

Bathroom Renovations: Wrapping up

 
As you can see, there’s a whole lot to be done with regards to bringing together a successful bathroom renovation project.

If you are trying to manage the process for even a small renovation you still should consider how to best go about doing this and plan accordingly.

Even simple bathroom renovations can take huge amounts of planning and preparation to get it to where you want it to be. But with the right amount of time, commitment, and planning, you’ll get there!

Enjoy your renovation.

All the best,

James Mason
 
CHECK OUT THIS BLOG POST FOR MORE: How Much Does it Cost to Remodel a Bathroom?
 


 

LEARN HOW TO RENOVATE YOUR BATHROOM LIKE A BUILDER & SAVE $$$

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The super-simple, step-by-step process I use in my business to renovate bathrooms fast and on budget.

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September 30th, 2016 in

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7 Great Renovating for Profit Tips for Success

Renovating for profit can be a very lucrative pastime, but it also takes a lot of research and discipline to do it right. It’s all about carefully adding real value to a property over the long haul. So don’t for a minute think it’s some sort of get rich quick scheme – or you’ll be sorely disappointed.

But one thing’s for sure, there’s a great chance that if you adopt the renovating for profit mentality then you’re highly likely to get a great ROI from a the sale of your property in the future.

There are many people who renovate multiple properties at once. But I wouldn’t recommend this – especially for a beginner. Learn the ropes first then scale up.

The good news is that most homebuyers will opt for renovated properties because they are able to move straight in and not have the hassle of doing the renovating themselves.

So the question is, could renovating for profit be something you could do?
 
renovation-for-profit
 

What is Renovating for Profit all About?

 
The main reason why investors are renovating for profit is quite simply to sell it for a much higher price once the work is complete.

Usually, a property that is dated and lacks appeal inside or out is unlikely to fetch a large amount when it comes to selling. Well at least not as much as a renovated home will. This is why many property investors see renovation as a great opportunity to make some extra cash.

Here are some things to keep in mind:
 

  • Make sure you purchased the investment property in the right location.
  • Don’t pay over the odds for the property to start with.
  • Purchase a property type that’s in demand.
  • Don’t blow your renovation budget or you’ll end up eating into your profits.

 

What is a Property Flipper?

 
Property flipping is a term coined to describe the act of investing in a home, repairing it and then re-selling it for a profit. And a property flipper is the person that actually does the property flipping.

For the most part, they don’t really care what they invest in, but they certainly want to make money from the buying, renovating, and selling process. There are lots of people who do property flipping for a living, investing their profits into the next investment and so forth. That way they build up their investment property portfolio and their bank balance.
 
renovating-houses-for-profit
 
In actual fact, property flipping is a very viable business option that can provide a steady income over time. But you do need to study the market closely in order to find properties that will bring a good return on investment.

One of the main downsides is that you also need to deal with extra costs that may or may not be recouped over the long run. This might seem problematic at first, but in the end, it’s the return on investment that should be your main focus!

 

Things to Consider When Renovating for Profit

 

COSTS

 
Keeping on top of costs are crucial when you are renovating for profit. Pay particular attention to the purchase and renovation costs right from the start.

As we mentioned earlier, these costs will vary quite a bit depending on the situation. Some of these include:
 

  • The purchased property price especially if bought at auction.
  • Stamp duty that is paid from your own pocket.
  • Mortgage interest during the holding period, something that does add to the total cost!
  • Selling costs – advertising, real estate agent fees, etc.

 

RISKS

 
As you can expect, there are quite a lot of risks to take into consideration.

Renovating for profit can easily place a lot of strain on your life and your close relationships.

It can be an all-consuming activity and you will rarely find the time to do anything else, especially if you are also doing some of the work. It might not be a problem at first, but after a while, it can eat up quite a lot of time from your life.
 
renovate-for-profit
 

ADVANTAGES

Obviously, there are lots of advantages that come with renovating for profit. If you can get a fast renovation and sale turnaround it means that your bank balance will be rewarded quite significantly.

If you invest your own time and do a lot of the work, you will get to keep most of the profit for yourself after taxes. Also if you do smaller renovations then there’s probably no need for a council planning approval and you can get the property on the market again quickly.

 

7 Renovating for Profit Tips for Success

 

1. Research Like Crazy

 
Remove the emotion out of the equation and learn which home improvements are the most likely to add value (and profit) for your style of home, suburb, and the current market conditions.
 

2. It’s Really Not About You at All

 
If you want to make serious money you need to focus solely on your target audience. Leave your own tastes at the door and keep design choices as neutral as possible.
 

3. Penny Pinching Comes in Handy

 
Whatever you do don’t blow out your renovation budget. You’ll only end up with cash flow problems and unhappy suppliers and tradespeople. It’s also likely to increase your blood pressure no end.

You could also hire a professional valuer to help you estimate costs and work out a strict budget. Always add a buffer for those unpredictable situations that might crop up.
 

4. Simple is Best

 
Often small, low-cost improvements can make a huge difference to your property’s value. So why not try a fresh lick of paint, new bathroom fixtures, new lighting, a splash of new door and window handles. These can all help a property increase its rental yield and sales price.
 

5. Your Real Estate Agent Is Your Best Friend

 
It’s a good idea to start connecting with real estate agents in the area you’re looking to renovate for profit. Agents often chat to a network of prospective buyers before they list properties. So make sure you share your goals with them so they can match you with buyers when the time comes.
 
buying-and-renovating-houses-for-profit
 

6. You Need a Good Team

 
There are so many contractors that you’ll need to hire during the renovation process. Rely on professionals to transform a property safely and soundly and make sure they’re licensed. Plumbers, electricians, roofers, cleaners, and painters are some of the workers you’ll need. Invest in a competent team you can trust and build good rapport with them. Grievances and misunderstandings cost time and money.
 

7. The Bigger the Better

 
There’s no doubt that Aussies have the biggest houses in the world and they love their space! One popular way to create more appeal in a property is by enlarging or adding more rooms. If you’ve already got big, unused areas, why not consider creating multiple rooms from them, especially if it increases bathrooms or bedrooms.

 

Is it Really Worth it to Start Renovating for Profit?

 
Although it might seem like it’s just a property flipping business, it’s a lot more than that. It’s a sustainable income for you and a business worth growing. It’s not just a flash in the pan opportunity.

At first, it will be hard to make connections in the industry especially sourcing good builders and tradespeople. But just take your time and be persistent. It will definitely pay off!

Is it hard to renovate for profit? Well it does require a lot of work and commitment but it’s one of the best ways to make a yearly income with just a few property flips. It certainly beats the 9 to 5 grind don’t you think!

Enjoy your renovation.

All the best,

James Mason

CHECK OUT THIS BLOG POST FOR MORE: Why Bother Doing a Home Renovation?

 


 

LEARN HOW TO RENOVATE YOUR BATHROOM LIKE A BUILDER & SAVE $$$

Online Course Available Now

The super-simple, step-by-step process I use in my business to renovate bathrooms fast and on budget.

GET INSTANT ACCESS TODAY

Yes, I Want to Know More!