How To Finance Your Renovation Project

How To Finance Your Renovation Project
Renovating your home not only increases the selling value but also improves the quality of your life by transforming the property into your dream home. According to the Westpac NZ Construction Lending Specialist Francis Reade the most popular reasons for renovation include: – Cosmetic tidy ups before selling – Sprucing up the garden – Upgrading the kitchen – Building an extension for a growing family – Building an outdoor living area for entertaining – Adding an extra room for a home business – Building a minor dwelling to rent it out There are several ways to finance your home or investment property renovation without breaking your bank account: A Home Equity Line of Credit If you have enough equity in your home (for example if you house is worth $1 million and your mortgage is $400,000) the bank would give you an overdraft-type of facility that has a mortgage interest rate and you spend it when you want to, providing there is no major structural alterations to the existing home.   A Home Equity or Home Improvement Loan If you don’t have a lot of equity the bank would let you know the pre-approval amount they are willing to lend. The bank would control the loan. The customer would send the bank a copy of the contract and invoices for the renovation and the bank would approve the loan and pay the invoice directly to the contractor when required. Banks usually allow the owner to borrow up to 70 per cent of the property value. Renovation loans can cover a wide range of home improvements including driveways, extensions, landscaping, basic spruce ups like painting and floor coverings, swimming pools and more.   Apply for a...

Short Guide to Planning Your Home Renovation Project Today

Short Guide to Planning Your Home Renovation Project Today
There are plenty of reasons why homeowners want to renovate their properties. Some want to create a comfier place to raise their family or avoid moving to a new place. Others aim to bump up the property’s market value. Regardless of the reason behind the project, it’s definitely handy to plan things ahead. With a comprehensive plan, you can avoid spending more than you intend to. Also, you can finish the project on time. Are you thinking of getting some projects done before the year ends? Whether you’re looking to build an extension or revamp one or more rooms, having a detailed renovation plan can help you save money and manage your project schedule better. Check out the short guide below so you can jumpstart your project. Defining the scope of your project Before you can set your budget or timeline, you need to define the specifications of your project. Start with narrowing down which parts of the house you need to work on. Are you planning on adding a new room from scratch?  Also, determine what sort of materials you prefer to use. Do you want something that’s budget-friendly? Are you leaning towards high-end upgrades like brass fittings and granite countertops?  By creating a detailed plan you can have an accurate cost estimate, determine if you need building consent, and find the right professionals.   Finding the right people to help you While it can be tempting to go for DIY renovations, it’s more practical to hire a professional. It will help you avoid wasting time and money on trial and errors and repairs.  When looking for a home...

Should You Engage A Builder Or An Architect When Renovating?

Should You Engage A Builder Or An Architect When Renovating?
With international travel of the cards, thousands of kiwis have decided to invest their travel savings elsewhere. Naturally, as we have spent more time at home, there’s the desire for home improvements and renovations, with updated bathrooms and kitchens, improved outdoor areas, or some extra room to move. Now is the perfect time to put that extra cash to good use and improve the value of your home. But before you commit, you need to know whether you should engage a builder or an architect. Let’s dive into the answer and find out what’s best for your renovation project.   Should You Engage A Builder Or An Architect When Renovating? What Do Architects Do? To help answer the question, it’s helpful to know exactly what an architect does. Architects have a considerable amount of education behind their degree, with at least five years of university study, and several years of practical work experience. To practice in NZ, they must be registered with the New Zealand Registered Architects Board (NZRAB) and meet the requirements of continuing professional development. Architects know their way around the Building Code and are experienced in a wide range of areas – from landscape design to structural engineering. There is a range of ways for an architect to be involved in a home renovation project. They can create a design that works for you and your family within the constraints of an existing house – and help you navigate building regulations. Beyond providing the blueprints, they can also help oversee the construction process to ensure the building is functional and aesthetically pleasing. Some architects may offer...

Builder vs. Architect: Who to Hire for a Major Renovation

Builder vs. Architect: Who to Hire for a Major Renovation
The home improvement market in New Zealand has grown quite massively in the last six months. That’s because people are investing their money into their homes. Instead of spending their saving on foreign travel, many Kiwis chose to upgrade their homes. House revamp, room extension, garage conversion, you name it. We have seen it all. Best of all, the growing popularity of home revamps projects in the country continues to pique the interest of many folks. In fact, we get a lot of questions from our readers and customers. One of the most common questions we encounter is who does a home renovation better, a builder, or an architect? To answer that question sufficiently, let’s take a closer look at each type of professional. Builders and Architects – Similarities and Differences Knowing who to choose between the two can make a lot of difference to your overall project costs and timeframe. A good point of comparison between the two would be their training and specialty. Architects are usually university-trained, and they mostly focus on the overall layout of a space. Their primary focus is to maximize the area by using customized designs or features. They also draft the blueprint that a builder uses as their guide during the project. Meanwhile, a home builder focuses on managing the project and carrying out the instructions on the blueprint. Many home builders started out as general contractors, but some opt to hone their skills further by completing training or apprenticeship. Another key difference between the two is their approach to doing a project. Typically, builders focus on practicality by finding ways they...

Ideas and Tips for Bathroom Renovations in Lower Hutt, Wellington

Ideas and Tips for Bathroom Renovations in Lower Hutt, Wellington
Thinking about renovating your bathroom in Lower Hutt Wellington, but not sure where and when you should start? You’re not alone. For a lot of homeowners, renovating one’s bathroom seems like a daunting project. There are always concerns about its practicality, benefits, and costs. You might be asking questions to yourself like ‘Is it worth it?’, ‘where do I even begin?’, or ‘how much will the project cost?’. Some also worry about how long a typical bathroom revamps lasts and how it would affect the household.     Good thing, bathroom renovations in Lower Hutt aren’t that hard to pull off. With a detailed plan and vision and the assistance of a bathroom renovation specialist, you’ll have a comfortable, functional, and posh space in no time. Below is a short list of tips and ideas to help you jumpstart your bathroom remodeling project.  Establish a concrete plan Before proceeding to any other task, it’s crucial for you to create a project plan first. Focus on the scope of the project. How much work do you need to be done to have your dream bathroom? What things do you need to replace? Do you want new fittings? Are you in dire need of hanging storage? Would you like to install a shower enclosure or bathtub? By having a tangible idea of how you want your bathroom to look like, you’ll know what to discuss with the renovators and they can provide you with a more accurate cost estimate. Learn everything you can about the space When devising your bathroom remodeling plan, it’s absolutely crucial to consider the room’s floor area and features....

Summer Renovation Projects To Add Value To Your Home

Summer Renovation Projects To Add Value To Your Home
Summer is on the way! Time to whip the cover off the BBQ, fish out your jandals, and prepare for some quality time outdoors. Now is the perfect time to embark on that renovation project you have been mulling over. Summer is perfect reno weather, and if you act now, you will be able to spend the next few months enjoying the new additions or changes to your place. Plus, renovations add value to your home, giving you more security for your future. So what are you waiting for? Let us inspire you with some fantastic summer renovation ideas.   Summer Renovation Projects To Add Value To Your Home Deck Out Your Home If you are looking to boost your indoor-outdoor flow without breaking the bank, a new, upgraded, or expanded deck (or patio or terrace)  provides enormous bang for your buck. They allow you to enjoy the fresh air and sunshine comfortably and stylishly, plus can transform a boring backyard into an entertainer’s heaven. The great thing about decking is that it’s an affordable option that can be finished quick-smart. You will see big progress fast, so will be firing up the barbecue and pulling up a chair in the sun in no time at all.   Get Fenced In Need a bit more privacy and security, or just want to make your place look tidier? Building a beautiful fence can add to your enjoyment of your home and boost the curbside appeal. If you have a pool, you will definitely need a fence (it’s the law). But even if you are pool-less, you may need specific consents...

Successful Renovation at Archmillen Ave Pakuranga Heights

Successful Renovation at Archmillen Ave Pakuranga Heights
Before Photos, not great as the house was full. Full interior and exterior cosmetic renovation of 3 bedroom house in Pakuranga, completed by the Rodney team for one of our first ever renovation clients who only wanted to work with Mike and the team. The property has been inherited and retained as a rental and required a major over hall to bring it up to standard whilst keeping the costs as close to 10% of the properties value as possible. In the kitchen we removed the doors into the laundry and reinstated the opening to the hallway to open up the space and improve the flow from the front door to the rest of the property. All new quality cabinets with soft close runners & hinges, composite stone benchtops and tiles splashbacks to give a durable and modern finish. BEFORE AFTER The bathroom has been increased in size by moving the HWC outside and the layout improved by installing a large 1200 x 900 shower and moving the vanity away from below the window. BEFORE AFTER The rest of the interior has been fully repainted in a light neutral colour scheme and a durable plush cut pile carpet installed to complete the look. Outside we have washed and painted the exterior using a fresh white on the cladding and a contrasting dark grey on base boards and trims. A new and slightly larger deck has been added to give a functional outdoor entertaining space. We have the latest after photos on our video below.  ...

10 Common Renovation Mistakes And How To Avoid Them

There is no denying that deciding to renovate your home is super exciting. Finally getting your home to a place you are happy with is incredibly satisfying. But, renovations can be costly, especially if they aren’t done right. There are lots of common mistakes that people make, regardless of whether they choose to renovate themselves or use the professionals. Let’s take a look at those mistakes now so that you can avoid making them too!   Mistake 1: Budget Every renovation project should have a budget. That means you don’t end up spending more than you intended. However, you need to ensure that you have a realistic budget in mind. Obviously, $5k is not going to get you a completely overhauled brand new kitchen, but it would definitely freshen the space and modernise it if you spend your funds wisely. Make sure your budget matches your expectations for the project. Mistake 2: Plans Renovating without a plan in mind is like driving to a destination for the first time without a map. You might get there in the end by following your nose, but it will take longer, probably cost more and cause a lot of unnecessary frustration. Having a plan that details exactly what the end outcome will be makes the renovation process a lot smoother.   Mistake 3: DIY While some jobs can totally be done yourself, there are times when you need to call in the experts. Unless you are a builder/plumber/electrician etc. then it is unlikely you will have the required skills (or legal requirements) for certain renovation projects. Don’t take on more than your...

Full Interior Home Renovation at Glen Eden

Full Interior Home Renovation at Glen Eden
We had the opportunity to renovate the full interior of this home. The owners wanted to create an open plan kitchen and living space. When we made our inspection, we could see how beneficial this would be to the space. Our inspection revealed that the wall in question was load bearing and therefore required council consent. Our architects drew up the drawings and applied for the consent and then our builders installed 4.5m Flitch beam to bare the   of the rafters so that the space could be opened. We fully removed the wallpaper from the interior of the house and plastered and painted the walls throughout. There were some areas  We removed the flooring throughout the home and supplied new carpets and vinyl. The owners opted to remove the fireplace and replace with a heat pump. The was an issue with dampness in the basement so we applied waterproofing to the floors and back walls to stop the damp coming in. By applying waterproofing to the basement it stops the issue of moisture ingress. It is fairly common to see homes with this issue when the basement has been dug into the ground. The waterproofing solution is the best way to protect the contents from damp. In some cases extra external drainage can also help. Throughout the home we installed PVC double glazing windows and doors for added insulation and a clean and modern look. We installed in wall insulation and ceiling insulation by pumping it in. For the ceiling we had to lift the roofing and pump it in underneath because of the type of ceilings in the...

A staged reno – St Andrews

A staged reno – St Andrews
<!–A staged reno – St Andrews–> We appreciate that when you decide to renovate your home there will be some disruption to everyday life! Especially if you decide to completely renovate your home. Sometimes it isn’t an option to move out of the property. Recently, a customer of ours decided she wanted to complete a full renovation of her home – but due to space we organised a staged approach to the renovation to allow her room to move furniture around and gave her a break between each stage. Stage one – This involved the renovation of the bathroom/toilet, master bedroom and spare bedroom. The project during this stage took 4 weeks Stage two – We moved into the lounge and kitchen area. We removed the wooden lining in the lounge area and replaced the raking ceiling with gib, for a paint finish. She designed a whole new kitchen and removed the wall between to the two areas to open up the floorplan. Stage three – Involved refreshing all the outdoor living areas. New decks, a ramp for access, raised flower gardens and new fencing was built. This stage was dependant on weather but was completed quickly within 2 weeks. Adopting a staged approach to renovations is an option when you start planning your project – we are happy to work in with your requirements as we want to provide you with a smooth reno process from start to...