Homeownership and remodeling are rarely cheap. However, there’s no reason they have to be more costly than they already are.
Upon moving into new homes, many people take the time to remodel them and make them their own. Check out these expensive home remodeling mistakes to avoid to ensure your remodel goes right!
1. Taking Contractors at Face Value
Contractors can be valuable resources during remodeling. But don’t just hire the first contractor to knock on your door. Take the time to research several local contractors, get pricing quotes, and compare.
Remember that contractors are trying to sell their services. Some crafty and unscrupulous individuals might promise they can do the job quicker or cheaper just to get the contract and then not follow through.
2. Not Setting a Realistic Budget
It can be hard to stick to a budget when remodeling, especially if you have expensive taste! But you don’t have to go into debt for those beautiful marble countertops; other options look good and work just as well for cheaper.
Remember to manage your budget and keep your expectations realistic. It’s possible to create a stunning home without depleting your bank balance.
3. Skipping the Permits
Behind every renovation is a mountain of paperwork, and one of the most expensive home remodeling mistakes to avoid is not dealing with that paperwork.
Most construction projects will require paperwork and permits. Ignoring them can potentially delay or even completely shut down the project. Plus, if you don’t have the correct permits and get caught, you may have to pay fines to get the project back on track.
4. Ignoring Median Home Prices
Have you checked on the median value of homes in your area? Renovations usually boost the value of your home, but this isn’t always the case. This means that if you’re renovating in hopes of raising the price of your home, then you may be wasting money.
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Remember, the median home price in your neighborhood affects your home’s value. Even if you put in major renovations, you may not be able to bring the value of your property up as much as you were hoping.
To avoid putting in more money than necessary, do your research on neighborhood median prices.
5. Choosing the Wrong Home Renovations
Along those same lines, you should avoid doing the wrong home renovations. Not all homebuyers will find certain renovations attractive.
While you don’t have to cater to all buyers, you should choose generally profitable renovations. Pick upgrades and renovations desirable to the masses for the best results.
Don’t miss the article we were featured in: “Updating Your Home? Here’s What You Need to Know About Whole House Remodeling”
Renovating your home is a big undertaking whether you’re updating your kitchen or taking on a larger project like replacing your roof. But whole house remodeling can be an entirely different commitment. From installing a new roof, refinishing or buying new flooring, to the design and construction process, there are countless things to consider when updating your house regardless of if you’re living in Charleston, SC or Denver, CO.
To help you decide if whole house remodeling is right for your home, Redfin reached out to us for our expert advice. Check out what we had to say to make a complete home renovation that much easier.