Things to consider when renovating an apartment block
Are you a landlord and have recently purchased an apartment block that you are planning on renovating? You’ve come to the right place. We have put together our guide on things to consider when renovating an apartment block.
When renovating an apartment block, there are many things for you to consider – a lot comes down to the budgets you have available to you. You will need to decide on whether new flooring is going to be needed, will you require any planning permissions for any extensions you may want to take out? A Fire Fighting Pump is useful in case a fire does break out and you need to get water to the properties that are higher up and any major renovations such as new kitchens.
Keep on reading to learn more about the different considerations when renovating an apartment block.
Will you require new flooring?
When you are walking around the apartment block and the properties, do you think they will need new flooring? Having good flooring is important as it will make the apartment block look more appealing and desirable for the people who will be moving in after you have finished with the renovations. New flooring will come at an expense, however, there are many options for you to choose from, ranging from affordable to expensive. The one you choose will depend on your clientele. The right flooring will help make a room feel bigger.
Will you require any planning permission?
Are there any major changes that you would like to make that may require planning permission? When renovating an apartment block, you may want to add extensions or make big changes and often these will require planning permission. Therefore, before making the changes, it’s important you speak to an expert to see if you will require any. When reaching out, they may also be able to suggest additional changes that you can make that will improve your apartment block.
What major renovations will you need to make?
Put a spreadsheet together and list any major renovations that you will need to make. Maybe you will need to put a new kitchen into a few of the apartments? Maybe they will require a new bathroom or the ceiling to be replastered? This will all have a cost associated with it, so by listing it all down, you can start to put a budget together. Having a budget is important as this will reduce the chances of overspending. When you have a spreadsheet, you can also use this to collaborate with the other workers who will be assisting you with this project. An apartment block renovation is a big job that will require a good team of workers to support you.
We hope our guide has given you some inspiration on considerations when renovating an apartment block. Are there any considerations that you think we should add that we haven’t included? Which of the above tips did you find most useful? Let us know in the comment box below, we look forward to hearing from you.