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  • Writer's pictureCDH

Renovate, Reposition, and Re-lease

Over the weekend, our team worked overtime to complete a renovation and we realized... We've completed countless renovations over the years and our clients could benefit from a few pieces of advice:

Do your research or onboard our team to do it for you: Before you start any renovation, it's important to do your research and get multiple estimates from different contractors and subcontractors. This will help you ensure that you're getting a fair price and that you're working with qualified vendors.

Get everything in writing: Once you've chosen your team, be sure to get everything in writing. This includes the scope of work, the timeline, the budget, and the payment terms. This will help protect you long term and ensures that all parties are on the same page from the start of the project.

Set a budget and stick to it as best as you can: Renovations can be expensive, so it's important to set a budget and stick to the agreed upon items as best as possible. Once a renovation is fully underway, it can be tempting to continue renovating past your original plan, so going into the project with set line items and the mindset that you will not go further makes a big difference.

Be prepared for the unexpected: The above being said, renovations are not usually without their challenges. Be prepared for the unexpected, such as unexpected costs and delays. We saw a lot of this during the peak-COVID era, where many trades had supply chain difficulties. Having a contingency plan in place will help you stay on track and avoid getting stressed out.

Enjoy the process: Renovations can be a lot of work, but they can also be a lot of fun. Enjoy the process of transforming your home into your dream space and know that you are adding value to your asset.

Consider hiring our firm to help you with the planning and design process. You can pay for an architect, a designer, and a general contractor separately- with many communication gaps along the way- or you can simplify your life and your budget by bringing everything in house to our firm. We bridge the gap between design and construction while representing our client's interests and we create spaces that are both functional and aesthetic,

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