The Niagara Falls real estate market includes brand new construction single family homes, modern condos, beautiful townhomes, and older homes ready for some TLC. Buyers considering an older home, whether a true fixer upper or just something that needs some updating, may wonder if living in the home during a renovation is possible.
While it may not be everyone’s cup of tea, for many people living in the home during the renovation process makes the process affordable. If you’re considering buying a Niagara Falls home and living through the renovation, check out our list of 3 ways to know you can handle a live-in renovation.
1. You can handle the mess – Tip by Calgary Realtor, Greg Kennedy
Renovations are messy. There are no two ways about it. Whether you are DIYing the projects or hiring them out, there is bound to be some mess in the home at all times during the renovation process. For some people, this is no big deal. If you or your partner crave a clean and orderly living environment, then a live-in renovation may not be for you.
With a good system in place, you can mitigate the stress of the renovation mess. Get organized by designating a temporary substitute for whatever space is under demolition or renovation. For example, when you are remodeling a kitchen, set up an organized temporary kitchen in another part of the home. Plastic tubs filled with some kitchen basics and a folding table with some simple appliances like a coffee maker, griddle, and hot plate can go a long way toward making you feel a little less crazy.
If you can handle some mess and an unusual living environment for a time, a live-in renovation just might work for you!
2. You are financially prepared
To make sure you are ready for a renovation, you need to be financially prepared. Living in your home while redoing it is a great way to save money, since you won’t need to pay for an additional home during the renovation. However, it is still wise to be prepared for the cost. In addition to the obvious cost of the project, be prepared for:
- Changes in cost: Even if you have meticulously budgeted your DIY project or have been given an honest and thorough estimate by a contractor, some projects will have unexpected changes in cost. This could be due to inflation and price changes for the material, unforeseen issues that need to be dealt with immediately, or emergency repairs if something goes wrong. Plan for a buffer around your initial estimate.
- Eating out and convenience items: Most people going through a live-in renovation will end up spending a bit more than usual on eating out and conveniences throughout the process. If you are renovating your kitchen, it is safe to assume that you will need to outsource your meals here and there. Plastic tubs to store things in, storage units, and laundry services are all examples of other miscellaneous costs that may come up.
3. Your timeline is flexible
Finally, make sure that you have a flexible timeline for your live-in renovation. Even with the best workers, professional or not, timelines can change. You never know what you might discover when you take out a floor or open up a wall. In addition to issues you didn’t expect to discover in the home, the whole world is experiencing shipping delays, supply chain issues, shortages, and other bumps in the road. If you can be patient and flexible with the end-date, a live-in renovation still might work for you.