Home Renovation Mistakes To Avoid – Collaboration
Thinking of renovating your home? Here are a few common mistakes to avoid.
Having no clear budget
A budget is essential for keeping costs under control. Decide exactly how much you can reasonably spend without getting into too much debt and then calculate all the costs associated with your renovation to see whether your budget will realistically stretch that far. You don’t want to overspend and regret your renovation – or worse not be able to finish it.
Overlooking the ROI
The return on investment (ROI) is also worth considering if you plan to one day sell your home. Some renovations can add a lot of value to your home, while others may not add any value (or may even devalue your home). A few renovations that can damage the value of a home include removing a bedroom, using controversial colour schemes or incorporating unusual style features that may not be to everyone’s taste. Meanwhile, adding a bedroom or adding a new bathroom or kitchen will almost always add value. On top of the effect on the resale value, it could be worth considering the personal ROI when it comes to living costs. For instance, adding insulation to your home or adding solar panels could lower your energy bills.
Overestimating your DIY skills
Going DIY can save you money, but you should be careful of overestimating your DIY skills. Some home improvement tasks could be disastrous if you get them wrong, while others could be dangerous (such as electrical work or gas plumbing). Hiring help isn’t always expensive – there are companies that can help you carry out cheap kitchen renovations and other improvements under a tight budget. If your windows need replacing, for example, you’d want to go with the best window company around to ensure the job is done properly and safely. With the help of professional designers and contractors, you can be certain that the job will be done right.
Not shopping around for materials
Shopping around for materials could help you to save a lot of money. There are plenty of places online where you can buy materials cheaply. You could even consider reclaimed materials. On top of shopping around for suppliers, it could be important to consider various types of material. For instance, when choosing countertops, take a look at all the different materials you can choose (there could be cheap imitation materials that you can use as an alternative to luxury stone materials like granite).
Prioritising style over practicality
A lot of people have their heart set on stylish features that create a visual impact. However, it’s important that this style doesn’t compromise practicality. Try not to squeeze luxury features in your home that you don’t realistically have space for (such a freestanding bath into relatively small bathroom) and choose materials that are going to last and require little maintenance (white carpets may not be a good choice if you’re planning to get a dog or have kids in the near future).
Increase Your Property Value
Making the right kind of home renovations can increase your property value and appeal significantly, but mistakes can also take it in the other direction, so our best advice is to take your time and really plan out what renovations you want to do – then try and view it from an impartial point of view to ensure it is a good addition to your home ”, according to The Property Buying Company.