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Meet the 4 people you may need to hire when renovating

Is it possible to plan and manage your renovation project yourself to save on costs? The answer to this question will depend primarily on the nature of your renovation since the contractors you require can hugely differ for a property extension in comparison to a bathroom renovation.

To understand the hiring costs involved you first need to meet the professional contractors involved when renovating your home.

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#1 Project Manager

A project manager can have a background in building, interior design and architecture or they could simply be a professional property renovator. Project managers can have a role in all steps of the process - from the initial drawing of plans to negotiating them with tradespeople, as well as being on site to see the renovations finished through to the end.

These individuals are often vital in maintaining the quality of renovations for you by managing and negotiating the costs as well as representing your interests and ensuring construction happens according to your plans.

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Do I need one?

Generally, having a project manager is a good idea, unless you are planning to be on site for the duration of the renovation to manage the project yourself. Having said that, often good architects may be able to do this job just as well, so ask around before deciding whether you need to hire a project manager.

Thinking of building a new home? Read our guide to construction loans here.

#2 Architect

An architect is a professional who specialises in design theory and engineering as well as project management. In Australia, registered architects have undertaken five years of formal design training and have had at least two years of industry experience. They are adept at solving complicated design problems, and ensuring renovations are true to their aesthetic intentions.

Do I need one?

This will depend on the extent of your renovations - an architect’s role is particularly important when it comes to whole-house renovations or large additions to your property where important considerations of structural requirements and livability are needed.

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#3 Designer

Building designers - otherwise known as ‘draftspeople’, though their role has since evolved - come from many design-related backgrounds and provide similar design services to an architect. However, unlike architects, designers do not have the same formal and academic qualifications. In some states like NSW, there are no inherent qualifications or licensing requirements for designers.

Do I need one?

Whether you choose a designer or an architect usually depends on the size of the project - smaller, lower-cost additions to your property are generally thought to be more suited to designers, though this will need to be judged on a case-by-case basis.

#4 Engineer

Engineers are essential when it comes to dealing with the physical integrity of buildings and this is particularly important with large-scale renovations. Structural engineers will usually work with both the architect and builder to ensure your house will be structurally sound. These professionals are civil engineers trained in understanding and calculating the forces present in your residential structure. An engineer can also let you know if your project may require council approval.

Do I need one?

Engineers are not always needed for home renovations, especially if they are simple additions which can be designed by an architect or building designer. However, if your property is built on poor ground or has certain elements e.g. reinforced concrete columns, or roofs that need to be designed for cyclone-affected areas, a structural engineer may be needed.

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To read more about renovation and design-related inspiration, visit Lendi Design.

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Tags: renovate, renovation, equity, cash out

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COMPARISON RATE WARNING: This comparison rate is true only for the example given and may not include all fees and charges. Different terms, fees or other loan amounts might result in a different comparison rate. The comparison rates are based on a loan amount of $150,000 over a loan term of 25 years.
Lendi is the trading name of Lendi Pty Ltd, a related body corporate of your licensed credit assistance provider, Auscred Services Pty Ltd (ACN 164 638 171, Australian Credit Licence Number 442372). We will never sell your email address to any third party or send you nasty spam, promise.
EXAMPLE: This example is current as at 20th October 2016. A Click Loans Online Principal and Interest Loan of $150,000 over 25 years has monthly repayments of $767. This is calculated based on the interest rate of 3.69%, comparison rate of 3.69%, upfront fees of $0 and annual fees of $0.
IMPORTANT INFORMATION: Loan terms of between 1 Year and 40 Years are available subject to lender and credit criteria. Maximum comparison rate will not exceed 14.99% (see comparison rate warning above). Any calculations or estimated savings do not constitute an offer of credit or a credit quote and are only an estimate of what you may be able to achieve based on the accuracy of the information provided. It doesn't take into account any product features or any applicable fees. Our lending criteria and the basis upon which we assess what you can afford may change at any time without notice. Savings shown are based on user inputted data and a loan term of 30 years. All applications for credit are subject to lender credit approval criteria.
Lendi is a privately owned and operated Aussie business. Our mission is to provide Aussies with the right experience when choosing a home loan from our panel of major and non-bank lenders including Click Loans which is a wholly owned subsidiary of Auscred Pty Ltd and a related body corporate of Auscred Services, your credit assistance provider. Although Lendi compares over 1600 products from over 30 lenders, we don't cover the whole market or compare all features and there may be other features or options available to you. While Lendi is 40% owned by founders and employees, we have also been supported by some great minority shareholders including Bailador, Macquarie Bank Ltd and a number of Australian sophisticated investors. We have an independent and founder led board.
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