Is Your Property Tenant Ready? How to Speed up the Renovation Process
Getting your property tenant ready is a big but ultimately satisfying job. It’s the perfect way to breathe new life into an old space, increase the property’s value, and create a space that’s more appealing to prospective tenants.
However, renovations take time (often more than you might think). There is plenty that needs to be done and, depending on the age, project type, and state of the property, the amount of time this will take may vary. However, with each month that passes, you miss out on income from your new tenants. So, it’s understandable you are looking for tips and advice on how to speed up the process.
In this article, we will be sharing how you can speed up your renovation so your tenants can move in sooner.
1. Budget Accurately
One of the biggest hold ups renovation projects experience is due to budgeting failures and running out of money. Budgeting accurately is essential to ensure the smooth running of your property renovation. Be sure to include every cost in your budget, from tools and materials through to contractors and emergency funds.
Many contractors are now offering contactless payments so you can pay for their services onsite, rather than faffing with bank transfers at the end of a long day. Having a budget in place ensures these payments aren’t unexpected and avoids the embarrassment of not being able to make a payment when it’s required. Budgeting your renovation will ensure all costs, both expected and unexpected, are fully accounted for.
2. Make a Plan and Stick to It
If you want to speed up the renovation process and make sure everything gets done that needs to, it’s important to schedule your renovation. After all, when you’re a landlord time is money. The longer your property sits empty, the bigger your financial hit. And while you’re renovating, your property can sit empty for a number of months at least. So, you want the renovations completed as soon as possible so that you can rent your property out.
That’s why we recommend making a plan you can stick to. You should know what you want done, how to achieve it, who is going to help, and when the renovation will take place. Once you have a plan in place with an outline of all the timelines, you can source all the supplies you need and book your contractors in advance so that when the day comes to start renovating, you’ve got everything you need to get the job done.
3. Don’t Try to Tackle Everything Yourself
When you want your renovation to go faster, it’s tempting to tackle everything yourself. And while you may be able to handle the painting or the installation of cupboards and door handles, trying to take on the bigger jobs yourself can lead to injury and costly mistakes. So, it’s always best to seek the help you need when you need it.
Hiring expert contractors is a great way to ensure your renovation goes smoothly. What’s more, it avoids silly mistakes and ensures your property is renovated to the highest standards. Hiring expert contractors will save you so much time and it will also avoid the need to waste days or potentially weeks fixing avoidable mistakes you caused when you tried to do it all yourself.
4. Invest in Renovation Tools
There are many tools and technologies available today that help speed up renovation projects like never before. If you want to speed up your renovation, you should be using these tools to your advantage.
Some of the more menial tasks required during renovation, such as painting the walls, can be achieved in half the time by utilising tools such as electric paint sprayers. While technologies such as room measuring tools can provide detailed and accurate 3D measurements of your space so that work can commence quickly.
These are just a couple of examples. However, investing in tools and technologies like these can be a great way to speed up your renovation process, minimise human error, and ensure a professional finish.
5. Tackle the Little Jobs Yourself
It goes without saying that renovation projects take time. However, as you can already see, there are many ways you can speed up the process. One such way is to tackle the little jobs yourself. This could be things like tidying up the garden, sweeping up at the end of the day, prepping a room for painting, sanding down the skirting boards, or peeling wallpaper.
Tackling the little jobs yourself is a huge time saver and it can also save you money by reducing the number of jobs you need to hire contractors for. Whether you consider yourself good at DIY or not, there are plenty of little jobs that come with a home renovation project and committing yourself to these can be a great way to boost project momentum and speed up the process.
6. Prioritise Clear and Helpful Communication
Many renovation projects are held up by ineffective communication. When you are unclear about your goals, what you want done, and who you’ve hired for the job, it can be difficult for contractors to know what they’re doing.
Prioritising clear and helpful communication is essential whether you have a whole team of contractors working for you or just a friend helping you out. Clear communication helps avoid mistakes and disputes that can be a huge waste of time. Sometimes, the best way to speed up your home renovation project is simply to communicate better.
Final Words
So, there you have it, 6 strategies you can use to help speed up the renovation process. We hope these tips will help your project go smoothly so that your tenants can move in far earlier than initially expected.
