Newspaper article Daily News (Warwick, Australia)

Renovation Project Management Vital

Newspaper article Daily News (Warwick, Australia)

Renovation Project Management Vital

Article excerpt

GOOD management can help keep your renovations on track, on time and on budget. Mortgage Choice explain what's involved.

Proper planning is at the heart of every successful home renovation, and project management hinges on laying some basic foundations across all areas of your renovation.

Without renovation project management, you risk a poor quality - or worse, incomplete renovation, that could end up taking more time, and cash, than you anticipated.

Your project budget - a great tool

As cost plays a key role in home improvements, your project management blueprint should include a detailed renovation budget that includes accurate costings for everything - materials, labour and council fees.

Importantly, stress-test your finances to be sure your budget can cope with unforeseen problems.

A key aspect of renovation project management is considering the possibility of anything from weather related hold-ups right through to your builder discovering hidden nasties like dodgy wiring that needs to be replaced.

Seasoned renovators know that major projects can end up costing much more than anticipated, and as long as you make allowances for possible additional costs you won't be forced to put the project on hold midway through completion.

Develop clear plans and stick with them

Tradies often find that home owners can be their own worst enemy when it comes to poor project management, with unexpected changes to the plans often occurring at various stages of the renovation.

Changing your mind about any aspect of a renovation, from your choice of materials right through to a rethink of the design or layout, is likely to drag out the completion date and add to the finished cost.

Unless there is an extremely good reason to change your plans, you're likely to be better off investing upfront time making sure you are happy with the proposed renovation than muddying the waters with a change of heart once building work gets underway. …

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