So you’ve finally decided that your home is due for some major upgrades, but have heard some remodel horror stories. The process of home renovations may sound like a lot of fun, but it can be pretty scary and costly. To avoid a renovation nightmare, take a look at these steps that are sure to save you a headache, and some money.
Not Budgeting Correctly
Remodels are something you definitely do not want to be cheap about. Be sure to estimate a budget for everythingbefore you even think about knocking down walls. And even then, you should add an additional 15-25% more to cover an overages or unexpected expenses. You do not want to be in the middle of renovation, only to realize you need to stop halfway through because you went over budget!
Picking the Wrong Contractor or Not Picking One at All
Sometimes you do not always need a professional because you can do it yourself. Remodels and renovations are NOT one of these times. Contractors have the expertise needed to get the job done, especially for more complicated projects. That being said, don’t just pick the first or cheapest contractor you see. Take your time, interview a few contractors, check references, do your research, and make sure who you chose is going to be someone you want to work with for awhile. When it comes to your home, quality is one of the most important things.
Focusing Too Much on Aesthetic
When it comes to remodels, homeowners often think about the future resale value. And while it’s true that upgrading kitchen cabinets and installing new tubs in every bathroom is definitely going to increase the value of your home, you still need to pay attention to other important things like structural damage, electrical wires, and pipes. Also be sure to not make anything too trendy. The bolder a style is, the more likely it will go out of style quickly, and will actually bring down your home’s value. Plus, it can potentially clash with the neighborhood–sharp contrasts with the characteristics of other homes in the neighborhood can harm the resale value too.
Rushing a Project
They say Rome wasn’t built in a day, and that goes for your home remodel too! No matter how excited you are to get started on a project, or to finish it, you need to make a good plan before anything can happen. And once you find your contractor, be prepared to make some revisions to that plan a few times. This is will also help cover any unforeseen circumstances that may come up. You want to make sure your remodel is done well, and rushing it will not help it.
Paying Too Much or Too Little for Materials
Everyone wants to save a few dollars when it comes to renovations, because they can get pretty expensive. But that doesn’t mean you should cut corners either. Investing in quality materials will only save you from a headache down the line. And the same can be said for materials that are too expensive! Think about it, do you really need the granite countertops, or are really you sure you want those hardwood floors? You can use the money you save and splurge on some nice appliances that are sure to add value to your home!
As long as you have a good plan, a good budget, and a good contractor, your home remodel should be a walk in the park! And if you want more help on how you can increase the value of your home or if you’re looking to sell, be sure to contact people you can trust at The Reed Team!