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6 Tips to Avoid Home Renovation Problems

home renovation

Six must-do’s before renovating

While investing in your home does improve its value, renovating can have its challenges. Here are 6 do’s and don’ts to avoid home renovation problems.

  1. Before starting anything, scour the web for inspiration and ideas (see some of our website recommendations). Having a clear idea of what you want will save you money in the long run.
  2. Don’t use your entire budget. Keep 20% aside - 10% for surprises along the way and the other 10% for decorating.
  3. Manage your expectations when it comes to the deadline for completion. Unforeseen delays occur regardless of the amount of planning, so take a deep breath and carry on.
  4. If you can afford to, move out. There is a lot of noise and dust in renovating. Moving out will ensure a healthier family and more room for the contractors to work.
  5. Don’t DIY when it comes to plumbing and wiring unless you are a certified professional. You will require an electrical certificate when selling and for insurance.
  6. Consider hiring a project manager. They will take the stress out of coordinating contractors and builders etc. and will ensure your vision becomes a reality.

The information here will prevent you from being taken advantage of by a builder or contractor and advise you on the best course of action.

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Loan repayment terms range from 24 to 72 months. The maximum interest rate with regards to a DirectAxis Personal Loan is 27.5% per annum (compounded monthly). Your rate and initiation fee will be determined according to your personal risk profile.
An illustrative example of a loan at an interest rate of 27.5% per annum would be: Loan amount R50 000 plus a once-off initiation fee of R1 207.50 and a monthly admin fee of R69.00, over 72 months.
The total cost of the loan will be R 110 013.57 which is a maximum Annual Percentage Rate (APR) of 30.74%.