With 30 years in the innovation industry, I can tell you from experience that mistakes are common, just hopefully not too expensive. Here are the top 5 # innovation mistakes to avoid to increase your ROI.
First, use # quality content! It is common to run a tight budget during renovation projects, especially at the end. Cheap finishes like your plumbing fixtures, for example, you should avoid. While these fixtures look beautiful for them, the last thing you want after all your hard work is a water source defect. The flooring may also have the same quality appearance as its #NAMEBRAND twin, although 99.9% cheaper materials show faster wear that needs to be replaced very quickly. It costs you more in the long run.
Second, if you encounter some problems during the renovation, you may have to wait 6 months to a year to fix them, no! Go ahead and fix it when you have the walls open, the flooring up and in the long run it will be cheaper to do the waiting now. If you have a defect in electrical or plumbing, you definitely don’t want it to become more than a simple preventable problem. The additional damage caused by this can be huge.
The third mistake to cancel is the use of carpet. Not only is the carpet very dirty, it has to be constantly monitored to keep the warranty. Especially if the renovation is in a rental property the carpet will need to be replaced more often than other flooring resulting in you spending more money in the long run.
The fourth thing to avoid is underestimating the cost of renovations. Innovation is difficult because you can’t see what everything looks like until the demo process is complete. Not to mention things that you never even thought about suddenly come to mind when the install process begins. Fresh paint and other new items suddenly make it necessary to replace things previously thought of as reusable items. So try the planning and budgeting phase of your renovation and add an extra 20% to your budget so you cover. Simple or #LUXURYRENOVATIONS are equally amazing for what can be changed.
Estimating your time # Number five in the innovation industry has always been a problem. Give yourself a 7 to 10 day completion window, especially if you are participating in extra work that needs to be done. After all your hard work and planning you want to take the final step.