{"id":3799,"date":"2022-11-29T17:05:50","date_gmt":"2022-11-29T11:35:50","guid":{"rendered":"https:\/\/decorisk.com\/?p=3799"},"modified":"2023-02-06T17:58:31","modified_gmt":"2023-02-06T12:28:31","slug":"renovating-a-rental-apartment","status":"publish","type":"post","link":"https:\/\/decorisk.com\/renovating-a-rental-apartment\/","title":{"rendered":"11-Step Complete Guide to Renovating a Rental Apartment"},"content":{"rendered":"\n

From planning to design, from making a budget to a contract, here is a complete guide to renovating a rental apartment that’ll make your life much easier!<\/em><\/p>\n\n\n\n

The phrase “give up your perfect home for the perfect apartment” has been a popular slogan in the real estate industry for decades. But what if you are renting and not planning to buy? If you have a rental apartment, that doesn\u2019t mean you can\u2019t have a perfect home.<\/p>\n\n\n

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In fact, many millennials and Gen-Z agree that apartments are a better choice for them. Rising real estate costs, heavy house maintenance costs and the real estate bubble in many big cities are deterring many youngsters from home-ownership. This is getting even more pronounced after Covid, especially as having to switch cities for work is getting more and more common.<\/p>\n\n\n\n

Personally, I agree, as home ownership keeps you rooted in a spot and you can\u2019t explore many career opportunities because of that. The one thing everyone\u2019s loving though, regardless of their budget or taste, is renovating rental apartments. People are creating their own special haven, hiring interior designers or DIY-ing it.<\/p>\n\n\n

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One of the most expensive aspects of home ownership is renovations. So it\u2019s crucial to plan it in advance. In this article, we will explore the ins and outs of renovating your apartment.<\/p>\n\n\n\n

Step-by-Step Guide to Renovating a Rental Apartment<\/h2>\n\n\n
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The renovation process can be broken down into three stages: Planning, Design, and Construction.<\/p>\n\n\n\n

Planning:<\/strong> This stage includes researching what needs to be done, drawing up a plan and deciding on materials that will be used. The plan may also include an estimate of the cost of the project.<\/p>\n\n\n\n

Design:<\/strong> In this stage, drawings are created for all aspects of the project including layout plans, specifications for materials and fixtures, architectural drawings and more. These drawings are then shared with contractors so they can bid on the job.<\/p>\n\n\n\n

Construction:<\/strong> This stage is where all of the work takes place – from demolishing walls to installing new windows – until it\u2019s finished and handed over to new owners.<\/p>\n\n\n\n

Each of these stages requires a lot of time investment (and learnings). In this article we\u2019ll focus on the planning and design part, as these are the most important ones, and you need to start with them. So let\u2019s break down renovation planning and design into different steps:<\/p>\n\n\n\n

1. Plan Your Budget<\/h2>\n\n\n\n

The most important thing to do before you start a home improvement project is to make sure that you have the necessary budget. This will help you be focused, avoid overspending and will also provide you with a clear timeline for the project.<\/p>\n\n\n\n

The first step in saving money on renovations is budgeting. Homeowners should set aside a certain amount of money each month for renovation purposes before they start any projects. This will help them know how much they have to spend and keep them from overspending or running into unexpected expenses later on down the line.<\/p>\n\n\n\n

It’s important to be realistic about your renovation plans. It can be a challenge to find ways to save money on renovations, but it\u2019s not impossible. For example, if you’re looking for an apartment, it’s best not to plan on large-scale renovations such as adding an extra bedroom or a new bathroom.<\/p>\n\n\n\n

2. Plan Your Use<\/h2>\n\n\n\n

Why do you really need a renovation? Think of the major and minor reasons.<\/p>\n\n\n\n

It\u2019s time to look at your old apartment in a new light. Think of what you like best and what you don\u2019t like before you plan renovating a rental apartment. Imagine your life in the next 5-10 years and how you want to use your spaces. Plan what rooms you need for what purpose, which corners to work in, lounge in, etc. Do you need extra storage, an extra desk, etc. – note down all your requirements.<\/p>\n\n\n\n

Over the course of my career in architecture and freelance interior designing, the biggest mistake I\u2019ve seen is people not being able to use their spaces properly, resulting in wasted rooms that eventually get cluttered up with extra stuff.<\/p>\n\n\n\n

3. Choose What Type of Home Improvement You Need<\/h2>\n\n\n\n

\u2018Home improvement\u2019 is a term that is used to describe the process of improving the value, function, or appearance of a house. There are two major types of home improvements that can be done – remodeling and renovating.<\/p>\n\n\n

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Remodeling<\/strong> is the process of improving the look of an apartment or building, or part of it, such as by installing new fixtures or changing finishes like ceiling, flooring, wallpapers, etc.<\/p>\n\n\n\n

Renovation<\/strong> is the process of repairing and improving a house, such as changing room sizes, improving its structure, adding or removing rooms, etc.<\/p>\n\n\n\n

Renovations<\/strong> are usually more expensive than remodels. This is because renovating a rental apartment requires tearing down walls and rebuilding them again, while remodeling does not involve any such drastic changes in the structure of the house.<\/p>\n\n\n

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You should consider the following factors when deciding what type of home improvement to make:<\/p>\n\n\n\n