Investing in a Build-To-Order (BTO) flat can be a smart move, whether you plan to live in it or rent it out. However, when it comes to BTO renovation, even experienced investors can make costly mistakes. In this article, we’ll explore some common BTO renovation mistakes and provide valuable tips for beginners on how to avoid them.
What are some common BTO renovation mistakes that investors make?
Overseeing the budgetOne of the most common mistakes is not keeping a tight grip on the renovation budget. Unexpected costs can quickly add up, so it’s crucial to plan and allocate funds wisely.
Not planning properlyRushing into renovation without a clear plan can lead to disorganized and ineffective outcomes. Lack of planning can result in delays, extra expenses, and dissatisfaction with the final result.
Using low-quality materialsTrying to save money by using affordable or subpar materials might seem like a cost-effective idea at first. However, in the long run, it can lead to frequent repairs and replacements, ultimately costing you more.
Doing the renovation themselves without the expertiseDIY renovations can be tempting, but if you lack the necessary skills and experience, it can result in shoddy workmanship and a less appealing space.
Not considering the target tenantsIf you plan to rent out your BTO flat, it’s crucial to consider the preferences and needs of your potential tenants. Ignoring their requirements can make it challenging to attract and retain renters.
What Is Tips to avoid common BTO renovation mistakes?
Plan aheadBefore diving into your BTO renovation project, take the time to establish clear objectives and a well-thought-out plan. Determine what you want to achieve with the renovation and how much you’re willing to invest.
Set a budgetBe realistic about your budget and include a contingency fund for unexpected expenses. This will help you avoid overspending and ensure that you can complete the renovation without financial strain.
Hire a professionalConsider enlisting the expertise of a qualified interior designer, such as Ovon-D interior design firm, who specializes in BTO renovation for investors. Their experience can save you time, money, and headaches by ensuring the project is executed efficiently and according to your vision.
Use high-quality materialsQuality matters when it comes to renovation materials. Invest in durable, long-lasting materials that will stand the test of time. This not only enhances the overall look and feel of your space but also reduces maintenance costs in the future.
Why should investors hire Ovon-D interior design firm to renovate their BTOs?Ovon-D is your trusted partner in BTO renovation for investors. Here’s why you should consider their services:
- Specialization: Ovon-D specializes in BTO renovation for investors, meaning they understand the unique needs and goals of property investors.
- Proven Track Record: With a history of creating appealing and functional BTO spaces that attract tenants and maximize rental returns, Ovon-D has a proven track record you can rely on.
- Customized Solutions: Ovon-D works closely with you to comprehend your specific requirements and budget constraints. They tailor a design that not only meets but exceeds your expectations.
Sep 15 2023