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5 Biggest Renovation Regrets To Take Note Of Before It Is Too Late

Written By
Karen Chua
Date Written:
16/10/2024

Renovation can be a stressful time. While life still goes on as per usual, it is common for homeowners to overlook certain important aspects of the renovation process, resulting in renovation regrets. Such regrets can be extremely costly, unsalvageable and have a long-term impact on your life. Today, we are going to dive into the five biggest renovation regrets that you should avoid before it is too late.

1. Engaging an interior designer solely because of their lower quotation

Renovation can be one of the steepest  expenses in our lives. It is reasonable to fall into the trap of engaging an interior designer purely for their low quotation. It is always tempting to enjoy cost savings from renovation. However, you should only do so if you are extremely confident that your interior designer can deliver the results they have promised. You should take quotations as a factor of consideration, rather than the sole reason for signing with a particular firm.

Renovation is not a computerised process—it heavily involves the manual labour of humans, where things can get hazy between what is written on paper than what is actualised. The state of your home after renovation depends largely on your choice of interior designer.

So, how do you know that you have chosen the right interior designer to work with? Besides evaluating the quotation they have provided, it is important to take note of minute details such as what kind of person they are, what do other homeowners have to say about them, and what are their past works. For example, some signs that could indicate a premium interior design is his/her good communication skills, attentiveness to your needs and respect for your budget. To avoid spending extra money rectifying renovation mistakes due to engaging an incompetent interior designer, or having to live with an poorly-renovated house for decades, you should refrain from engaging an interior designer just because they can provide you with a lower quotation.

2. Following interior design trends blindly for the sake of aesthetics.

Do you catch yourself being heavily influenced by the hottest trends to have certain styles or fixtures as part of your home, even though you may not really like it? While we can agree that these trends look great, they may not be practical decisions, or ones that you may even like. Before pursuing such trends, be sure that you are well aware of the reality of not just seeing these beautiful trends, but also living with them. A useful tip would be to consider the ease of maintenance and durability of such trends. For example, in order to maintain the appearance of fluted panels, you would need to commit to cleaning each and every groove (even the smallest fluted panels have at least 15 grooves!). Cove lighting requires a false ceiling to be constructed before it can be installed, and you would have to utilise a ladder each time to get rid of the dust trapped in the tall false ceiling. If you are a homeowner who cannot devote much time to the cleaning and maintenance of such features, you should re-evaluate the practicality of adopting such trends.

3. Unrealistic budgeting can inevitably delay the overall renovation process.

Upon seeing the beautiful homes of others online, it is only natural for you to be inspired to integrate certain interior design elements into your new home. For instance, we have all seen that one house with an interesting layout after hacking all of the original walls. Many homeowners end up having to prolong their search for interior designers as none of the interior designers can provide them with a satisfactory quotation to create the perfect home they have in mind. This is where realistic budgeting becomes important. Your renovation budget largely depends on the existing condition of your home, and the extent of works you are planning to do for this renovation. Once you have your dream home in mind, you should jot down the extent of work needed to fulfil this homey dream. After jotting down, head to our renovation cost calculator to input your renovation needs, and a comprehensive budget estimation report will be sent to you. If the budget stated on the report is far too high, you may have to either alter your renovation expectations or postpone your renovation to a date where you will have enough funds to create the home of your dreams.

4. Paying for your renovation fully and directly.

Renovation scams are not an unfamiliar occurrence in Singapore. We’ve all heard stories of interior designers running away mid-renovation or having their company shut down before works are completed. Traditionally, funds are paid directly to interior designers, and the safety of funds relies entirely on the trust between the homeowner and interior designer. In the event of a renovation scam occurring, it is almost impossible to recover this sum of money, and you may even have to delay your renovation. To not find yourself in such a situation, you can consider exploring escrow payment applications. One recommendation of an application specialised in secure renovation payments is HomePay.

HomePay is a renovation escrow application that utilises a MAS-approved MPI wallet system. Through HomePay, once homeowners make a tranche payment to their interior designer, 50% of the funds are paid out immediately for designers to purchase for materials and pay subcontractors, while the other 50% is securely held in a DBS custodian account and only released upon approval of completed works. In cases where the firm ceases operations mid-renovation, HomePay will use the balance escrow amount to connect the homeowner with an alternative vendor to complete the renovation works at no additional cost. Besides the security HomePay can offer, HomePay also allows you to pay for your renovation using a credit card! This means that you can earn lots of miles while paying for your renovation.

Pay for your renovations using HomePay (Image Credits: HomePay)
Pay for your renovations using HomePay (Image Credits: HomePay)

5. Not accounting for the nitty gritty details, such as future needs, while planning your renovation.

It is common to get caught up with the aesthetics of your new home, and forget the functionality of the design. For instance, if you plan to have a child in the future, it might not be wise to hack the walls of a now spare room. It is crucial to have foresight while you plan your renovation, as it can be costly to renovate again once the future need arises. It is also advisable to take into account the people who will be staying in your home. For instance, if you intend to stay with an ageing parent, you may consider making your home senior-friendly. Pull-down shelves, safety grab bars and non-slip flooring can make a huge difference to a senior’s life!

Want to hear more advice for homeowners who are planning to renovate?

Thank you for scrolling all the way to the end of this article! If you’re unsure about where to begin with your renovation, click here to read up more on the free E-books that we have specially prepared for you, which can help you avoid any potential renovation regrets! Good luck on your renovation!

Share this article
Articles
/
Guides

5 Biggest Renovation Regrets To Take Note Of Before It Is Too Late

Written By
Karen Chua
Date Written:
16/10/2024

Renovation can be a stressful time. While life still goes on as per usual, it is common for homeowners to overlook certain important aspects of the renovation process, resulting in renovation regrets. Such regrets can be extremely costly, unsalvageable and have a long-term impact on your life. Today, we are going to dive into the five biggest renovation regrets that you should avoid before it is too late.

1. Engaging an interior designer solely because of their lower quotation

Renovation can be one of the steepest  expenses in our lives. It is reasonable to fall into the trap of engaging an interior designer purely for their low quotation. It is always tempting to enjoy cost savings from renovation. However, you should only do so if you are extremely confident that your interior designer can deliver the results they have promised. You should take quotations as a factor of consideration, rather than the sole reason for signing with a particular firm.

Renovation is not a computerised process—it heavily involves the manual labour of humans, where things can get hazy between what is written on paper than what is actualised. The state of your home after renovation depends largely on your choice of interior designer.

So, how do you know that you have chosen the right interior designer to work with? Besides evaluating the quotation they have provided, it is important to take note of minute details such as what kind of person they are, what do other homeowners have to say about them, and what are their past works. For example, some signs that could indicate a premium interior design is his/her good communication skills, attentiveness to your needs and respect for your budget. To avoid spending extra money rectifying renovation mistakes due to engaging an incompetent interior designer, or having to live with an poorly-renovated house for decades, you should refrain from engaging an interior designer just because they can provide you with a lower quotation.

2. Following interior design trends blindly for the sake of aesthetics.

Do you catch yourself being heavily influenced by the hottest trends to have certain styles or fixtures as part of your home, even though you may not really like it? While we can agree that these trends look great, they may not be practical decisions, or ones that you may even like. Before pursuing such trends, be sure that you are well aware of the reality of not just seeing these beautiful trends, but also living with them. A useful tip would be to consider the ease of maintenance and durability of such trends. For example, in order to maintain the appearance of fluted panels, you would need to commit to cleaning each and every groove (even the smallest fluted panels have at least 15 grooves!). Cove lighting requires a false ceiling to be constructed before it can be installed, and you would have to utilise a ladder each time to get rid of the dust trapped in the tall false ceiling. If you are a homeowner who cannot devote much time to the cleaning and maintenance of such features, you should re-evaluate the practicality of adopting such trends.

3. Unrealistic budgeting can inevitably delay the overall renovation process.

Upon seeing the beautiful homes of others online, it is only natural for you to be inspired to integrate certain interior design elements into your new home. For instance, we have all seen that one house with an interesting layout after hacking all of the original walls. Many homeowners end up having to prolong their search for interior designers as none of the interior designers can provide them with a satisfactory quotation to create the perfect home they have in mind. This is where realistic budgeting becomes important. Your renovation budget largely depends on the existing condition of your home, and the extent of works you are planning to do for this renovation. Once you have your dream home in mind, you should jot down the extent of work needed to fulfil this homey dream. After jotting down, head to our renovation cost calculator to input your renovation needs, and a comprehensive budget estimation report will be sent to you. If the budget stated on the report is far too high, you may have to either alter your renovation expectations or postpone your renovation to a date where you will have enough funds to create the home of your dreams.

4. Paying for your renovation fully and directly.

Renovation scams are not an unfamiliar occurrence in Singapore. We’ve all heard stories of interior designers running away mid-renovation or having their company shut down before works are completed. Traditionally, funds are paid directly to interior designers, and the safety of funds relies entirely on the trust between the homeowner and interior designer. In the event of a renovation scam occurring, it is almost impossible to recover this sum of money, and you may even have to delay your renovation. To not find yourself in such a situation, you can consider exploring escrow payment applications. One recommendation of an application specialised in secure renovation payments is HomePay.

HomePay is a renovation escrow application that utilises a MAS-approved MPI wallet system. Through HomePay, once homeowners make a tranche payment to their interior designer, 50% of the funds are paid out immediately for designers to purchase for materials and pay subcontractors, while the other 50% is securely held in a DBS custodian account and only released upon approval of completed works. In cases where the firm ceases operations mid-renovation, HomePay will use the balance escrow amount to connect the homeowner with an alternative vendor to complete the renovation works at no additional cost. Besides the security HomePay can offer, HomePay also allows you to pay for your renovation using a credit card! This means that you can earn lots of miles while paying for your renovation.

Pay for your renovations using HomePay (Image Credits: HomePay)
Pay for your renovations using HomePay (Image Credits: HomePay)

5. Not accounting for the nitty gritty details, such as future needs, while planning your renovation.

It is common to get caught up with the aesthetics of your new home, and forget the functionality of the design. For instance, if you plan to have a child in the future, it might not be wise to hack the walls of a now spare room. It is crucial to have foresight while you plan your renovation, as it can be costly to renovate again once the future need arises. It is also advisable to take into account the people who will be staying in your home. For instance, if you intend to stay with an ageing parent, you may consider making your home senior-friendly. Pull-down shelves, safety grab bars and non-slip flooring can make a huge difference to a senior’s life!

Want to hear more advice for homeowners who are planning to renovate?

Thank you for scrolling all the way to the end of this article! If you’re unsure about where to begin with your renovation, click here to read up more on the free E-books that we have specially prepared for you, which can help you avoid any potential renovation regrets! Good luck on your renovation!

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