If this is your first home renovation, you may be preoccupied with creating a budget, gathering inspiration, refining your scope, searching for teams who can make your vision a reality, and calculating final cost breakdowns. All of this preparation may necessitate keeping the details organized. However, we don’t pay attention to that, and often, estimates are complete and everything appears to be in order until the project begins and you realize that the projections were incorrect. A lot of things can go wrong in a construction project, just like in any other. Unfortunately, this can lead to you finishing one phase of the job only to discover that you need to start on another phase that you didn’t plan for. You must be thinking at this point that you will be fine because you have a great contractor on your side.
FACTORS THAT IMPACT THE RENOVATION TIMELINE:
It is possible to stick to your original renovation timeline if you have adequate resources and a proper plan. Budget two to six months for major house flipping renovations such as upgrading the electrical and plumbing systems. Other factors that influence how long a renovation will take are:
Space:
What is the size of the area being renovated? You may only be renovating the kitchen and bathrooms, but their size has a significant impact on the timeframe. A larger space necessitates more materials, more time to install them, and more people to complete the task.
Disruption:
Some people renovate while still living in the house, which slows down the process because consideration is given to the people who live there. It will take much less time if you have somewhere else to live during the flip. If you intend to live in the house while it is being renovated, check with your lender, if you have one.
Planning:
When determining how long it will take to remodel a bathroom, it is best to do so in stages. Small errors can be caught along the way using this slow and steady method, preventing them from compounding and becoming large errors in the end. Once you’ve completed one step, you can confidently proceed to the next. Plan out the various stages by taking into account the materials and tools required. Determine how long each renovation project will take to prepare, install, clean up, and inspect. If you’re not sure how to estimate various aspects during the planning phase, look into similar renovation projects to your own and start from there. The length of time it takes to complete the job will be determined by how well you planned these stages.
Contractor vs Do-It-Yourself:
There is a lot of satisfaction in doing your own renovations, as well as potential cost savings if done correctly. However, not only will it take you much longer than if you hired an experienced team of contractors, but it may also result in mistakes, slowing progress and eating into your ROI.
Materials are available:
Are the materials required for the job easily accessible? If not, do you have a strategy for completing each phase of the project on time? Do your homework by looking for good deals online and visiting local hardware or renovation stores. Some materials are more difficult to obtain than others, so plan ahead of time.
Cost:
Renovations are expensive. A simple task like kitchen renovation can easily cost thousands of dollars, so make sure you have your finances in order before you begin. Lack of funds may stymie your progress and reduce your potential ROI, which is why you should consider obtaining a hard money loan.
HOW LONG VARIOUS PROJECTS SHOULD TAKE?
Taking the aforementioned factors into account, here are some estimates of how long various projects should take.
Kitchen and bathroom:
Renovations can take four to ten weeks, depending on the size of the room and the type of upgrades. For example, wood vs. stone counters, easy-to-find drawer handles vs. antique handles).
Basement and attic:
Finishing a basement takes about 3-10 weeks, depending on whether it is a conversion or a complete remodel. It may also take longer if significant electrical upgrades are required. Because of their inaccessibility, attics can take much longer to complete; there are frequently issues with getting water and power up to the attic if it was not originally installed when the house was built.
Roofing and siding:
Roofing renovations for leaks or improved aesthetics are relatively simple and take one to two weeks. If your roof requires extensive repair or has rotted, it may take longer. Siding follows the same timetable. If there is significant damage and the entire project must be redone, the timeline may be extended.
WHAT HELPS REDUCE THE RENOVATION TIMELINE?
Planning:
Once you’ve determined what your research will entail, create a detailed plan. To create a great program, you may need the assistance of a home renovation planner or general contractor. Keep a detailed spreadsheet or document listing each step for each area of the house, which serves as our own DIY handbook.
Preconstruction:
Before assembling your team, obtain all necessary permits by researching city and state renovation codes and purchasing all necessary construction materials. The lack of a permit can cause significant delays in your project.
Construction:
This primarily influences how long it takes to complete a house renovation. Maintain your plans while remaining flexible enough to make adjustments as needed.
Researching:
Once you’ve made the decision to flip a house, you should learn everything you can about the renovations you intend to make. Estimate your approximate budget and a rough time frame for project completion. The following resources may be useful during the research stage:
Wrap Up:
Creating a home remodeling timeline is an important part of your project. Conduct your research to ensure that you are adequately prepared for the task at hand.
