Renovation starter Kit

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  Renovation rule of thumb:

RCCM has been involved in a lot of large multi-unit and residential project renovations. We constantly advise our clients that overspending on a residential home renovation can become a loss litter pit. You have to keep in perspective the asset value to the cost of the renovations. For example, if your home is worth $800,000.00 and you spend up to $200,000.00 on the renovation. Do not expect the resale value to increase to a $1,000,000.00. To be honest, it would be to your benefit to have a professional analyze the renovation labor & materials vs the asset resale value at the end of the day before you start.

Many renovation consultants will refer to the 30% rule: The 30% rule means that you keep your renovation budget within 30% of the value of your property's market value. The 30% rule avoids overspending and means you don't make costly changes to your property that don't actually provide a healthy return on investment. This is a fair rule but I think 25% is a much better target end of the day.

Soft Costs:

1.  Design & Planning - Architect: Take existing drawings or create a new plan
2.  Budget - General Contractor: Meet with General contractor to go over project costs
3. City - Planning: Secure Reno permits and any other requirements
4. Interior designer - Design: If you need to upgrade to today's trends & colors
5. Scheduling - General Contractor: Meet with General contractor to create timeline
6. Energy Advisor - Design: May require if renovation area over 25%
7. Home Warranty - Warranty: May require if renovation area over 25%
8. Demolition - Environmental  Engineer: Will require if built before 1990 due Asbestos

Demolition:

1. City  - Planning: Secure Demo permits and any other requirements
2. Budget - General Contractor: Meet with General contractor to go over Demo costs
3. Services - Utilities: Requires Licensed professional trades if changed or moved
4. Demolition - Issues: During demolition dealing with Rot / Mold / rodents

Exterior Work:

1. Foundation - GEO Engineer: Required if changing or adding foundation walls
2. Exterior walls - Structural Engineer: Required if plan requires moving structural walls
3. Contractor - Framer: Depends on type of work required in renovation design

Exterior Cladding:

1. Roof - Installer: To be completed first
2. Window - Framer: Top be completed after roof
3. Siding - Installer: To be completed after windows
4. Gutters - Installer: To be completed after siding.

Mechanical, Electrical & Plumbing:

1. Electrical - Electrician: Professional required if services changed or moved
2. HVAC - Mechanical: Professional required if services changed or moved
3. Heating / Cooling - Mechanical: Professional required if services changed or moved
4. Plumbing - Plumber: Professional required if services changed or moved

Interior Finishing:

1. Insulation - Installer: Required for outer walls or sound proofing
2. Drywall - Installation, mudding and sanding
3. Cabinets - Cabinet installer: These should go in before the floors
4. Counters - Counter installer: These should go in after the cabinets
5. Flooring - Flooring specialist: Installing the type of floor per manufacture Specs.
6. Finisher - Finishing installing moldings and trim for floors, doors and windows.
7. Painter - Sanding, primer and final paint coat
8. Appliances - Installer: There always a few issues with matching new connections to old 
9. Cleaning - Cleaning crew: Final cleanup of the area.