How to Stay Motivated When Renovating a House for Sale 97

How to Stay Motivated When Renovating a House for Sale

The following article is a guest post.

The last few months have been difficult for the housing market in the UK, with prices have stagnated amid an increasingly uncertain economic climate.

According to the Royal Institute of Chartered Surveyors (RICS), however, there are reasons for home-owners to remain optimistic this winter. In November, there were initial signs that the market and its prices were beginning to stabilise, with more surveyors reporting that regional prices had increased during this period.

So, while these findings are broadly consistent with no change in national property prices during the final financial quarter, those who are currently renovating a house for sale may have cause for hope in the near-term. 

Aside from keeping this in mind, here are some other ways in which you can remain motivated when developing a property for residential sale.

1. Keep in Touch with Market Prices.

Renovating a piece of real estate can be challenging, while it’s also a typically time consuming process. This means that prices can fluctuate while you’re developing a property. So it’s crucial that you monitor these movements on a regular basis using objective resources such as Hatched.

This offers two core advantages.

Firstly, it helps you to retain a sense of perspective as you monitor accurate prices in real time, rather than relying on sensationalised media reports and a lack of defined figures. This ensures that you maintain an open and positive mind, which may prove crucial during more difficult stages of the project.

Secondly, having knowledge of live market prices allows you to adapt your budget as required, so that you don’t overspend in relation to your future profits.

2. Learn to Enjoy the Process.

Aside from being arduous, the main issue with property development is that you usually don’t see the full results of your endeavours until the end of the project. This makes it hard to remain motivated during the process, particularly as you continue to spend money without any tangible benefit.

By changing your outlook and learning how to enjoy the process and the fundamental tasks associated with renovating a house for sale, however, you can retain a sense of positivity and make it far easier to achieve your goals.

The best way to do this is to remain focused on the ultimate goal. Understand how each single task and item of expenditure helps you to accomplish this objective.

3. Understand the Impact of Hidden Costs.

When you renovate a property, you’ll always start by creating a budget and plan of action. Even the best laid financial plans can go awry, however. While house restorations also unlock a host of hidden costs that can quickly overwhelm you.

The key here is to be prepared and understand these costs before starting your project. Particularly those that relate to elements such as labour and skips. This not only enables you to create an accurate budget, but it also ensures that these costs do not create a sense of anxiety or demotivation.

This, along with the other suggestions listed here, should help you to remain motivated throughout your project and comfortably achieve your goals.

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9 Ways to Handle Change in Your Life [Infographic] 20

9 Ways to Handle Change in Your Life [Infographic]

When a big change happens in your life, it doesn’t have to be a negative change to have a huge impact on you.

Change causes uncertainty and our brains and bodies react to uncertainty by trying to protect us with the release of fight or flight chemicals and hormones.

The downside to this is that living with these for an extended time results in elevated heart rate and affects your digestion, immune systems and blood flow.

But there are ways you can regain control over your life even in the midst of big changes.

The first is to take a step back and reflect on what’s actually happening and what your involvement is, which will help you to understand and find perspective on the situation. Hopefully, this will enable you to find the opportunities that every change in your life brings, rather than obsessing over any short-term negative impacts.

It may also help you to allow yourself a transition period where you adjust to the changes. But with a firm deadline by which you expect to have moved on and settled into the new routine. Even if it doesn’t quite work out that way, it will still push you towards visualizing the end of the uncertainty, which will prepare you to make it happen sooner rather than later.

On a more basic level, you need to remember to look after yourself during this time of change and the related stresses.

It can be too easy to fall into bad habits like neglecting your own simple needs, like a good night’s sleep and staying active and eating right when you are going through something like this. Having a day in your pajamas eating ice cream out of the tub is fine. But your body needs sleep, exercise and nutrition to keep you healthy.

Routine can be a comfort when it feels like everything in your life is changing.

So try and stick to some simple ones like walking your dog every morning or going to a regular gym class to give your life some stability and consistency.

You also need the help and support of those around you. And having a strong support network is crucial when it comes to coping with big changes in your life. This means family and friends, but you could also seek out people going through similar experiences by looking online. There may well be communities who you can talk to and get helpful tips from.

Most importantly of all, you need to be aware of when you need more than just the love and support of other people to help you cope with stress and uncertainty. If you start to feel like your mental health is really suffering, or you have been feeling the symptoms of stress for more than a couple of months, you need to go and talk to a health professional to get the help you need to bounce back.

You can read more practical tips about dealing with change and the symptoms it causes in this infographic from Pounds to Pocket.