moneymanager.com.au
Home Investing Banking Property Planning News My Portfolios

News


How to beat those DIY-disaster blues

Terry Smyth | December 16 2002 | The Sun-Herald (subscribe)

If you're thinking it might be time to get out the tools and tackle some home renovation, Terry Smyth has some advice on how to dodge the pitfalls that await the unwary.

Drop that hammer! Before you start fixing up that fixer-upper, there are a few traps for the unwary that you should know about. To avoid your renovator's dream turning into a renovator's nightmare, paste these basic Don'ts to the lid of your toolbox.

Don't do it yourself unless you have the skill and the time. It has been the ruin of too many happy homes and, even worse, of high-quality tools.

According to various studies, at least half of all DIY renovations are disasters and 35 per cent of those disasters spark domestic spats. Most DIY renovators are men and many frankly have themselves on, overestimating their ability to do the job and underestimating the amount of work and time involved. In fact, there are so many bunglers blundering about that there is a growing industry in repairing botched renovations. For the same reason, DIY renovation injuries are on the rise, mostly involving ladders. So if you're willing to admit you're not all that handy, the best time to quit is before you even start.

Don't guess. If you're unsure whether renovation, selling or demolition makes the best financial sense, have your property valued by an expert and check on the prices for similar properties in your area.

Don't overcapitalise. Keeping in mind you'll spend an average of $200,000, work out where it can best be spent to maximise the value of your property. While extensions that add significantly more space can boost the value of a house by up to 15pc, some improvements add more value than others. New kitchens and bathrooms top the list, while money spent installing a home office or tarting up a laundry can be money down the drain.

Don't stand out from the crowd. You might want to sell one day, and a house renovated in a style out of character with neighbouring houses can be hard to shift.

Don't design it yourself. You might have firm ideas about what you want, but translating dreams into bricks and mortar is no mean feat. Call in an architect. After all, you wouldn't take out your own appendix.

Don't get stuck on a particular design. Nothing is as certain to blow the budget as emotion overriding practicality. Some things may look good on paper but simply won't work and, during the job, complications sometimes mean compromises. So be prepared to adapt.

Don't simply choose the builder with the lowest quote. Too often, contractors quote low to get the job then bung on additional costs. Let reputation and recommendation guide your choice.

Don't rush in without the red tape. Too many renovators, champing at the bit to get started, forget to check with their local councils first. Specifications vary widely and after you've finished is too late to discover you needed development approval. Yes, they can make you knock it down and start again.

Don't order new kitchen benches and cupboards based on your own measurements. The spaces are often out of square, making it easy to get it wrong, and even a slight error can mean the new units won't fit. For most jobs, custom-built rather than stock units are the way to go, so get the manufacturer to do the measuring. The same goes for blinds and replacement windows.

Don't order a new kitchen sink, bath or bathroom basin without first checking how many holes it needs and where the holes need to go. Before removing the old unit, measure the distance between the centres of the holes where the taps fit.

Don't order the exact number of tiles you need to cover an area. To allow for breakage and Don't kid yourself, there will be breakage add 10pc, and 15pc if the job requires a lot of tile cutting.

Don't pay more for materials than you need to. For example, Don't buy nails or screws in tiny blister packs at the local hardware store when you can get them cheaper by the handful. And many hardware retailers charge so much for timber you'd think they carve it out of the log with a penknife. Shop around for bulk deals.

Don't get carried away when choosing cosmetic materials. Before ordering those imported marble or granite benchtops, for example, ask yourself if you really need a $30,000 kitchen when a $10,000 kitchen would do.

Don't waste time. If you're doing it yourself, be aware that renovating will take up most, if not all, of your spare time. So set target completion dates for each stage of the job and avoid frittering away time. If "Where did the day go?" syndrome sets in, a renovation can last forever.

Don't take your eyes off the subbies. If you hire sub-contractors for any part of the job, make sure they stick to completion dates, and keep tabs on the quality of their work and on what they're charging for materials and labour. Left unchecked, these costs can get a little, shall we say, creative.

Don't forget the future. Your needs will change as time goes by, so keep it flexible. If today's playroom will be tomorrow's study, for example, installing the necessary wiring now will save money in the long run.

Printer friendly version  Printer friendly version      Email to a friend  Email to a friend

top



Advertise with us | Contact us | Glossary | Site map | About us
f2 Network Privacy Policy | Conditions of Use | Member Agreement

Copyright © 2003. Any unauthorised use or copying prohibited.

News
 » Dodgy deals
 » Splitting tactics

Full news index

Lowest car loans

 See more rates


Newsletter
Let our enewsletter Money Sense help you with your finances. Subscribe now.
See latest newsletter

Calculators
Estate Planning

Insurance disputes

Super, the Basics

Power of Attorney?

More...

Help

Helpful Links
Financial planning association
For information on financial planners to assist with your investments.
National Information Centre on Retirement Investments
To obtain independent advice on retirement savings investment.
ATO
For comprehensive information on all taxation issues for individuals and businesses.