Some people renovate their homes because they have lived there for several years already and they have gone tired of the look of their homes. Of course, there are people who renovate their homes with the view of reselling them at higher prices.
Owning a property or a home can be very useful not only as a dwelling place for the owner and his family. Some people who have extra money invest in foreclosed homes and either live in them or remodel them for a higher resale price. Buying and remodeling homes is starting to become a very good business provided the investor has a keen eye for good locations or areas.
Some people who have owned their homes for several years already get tired of the design and the aesthetics of their homes that they resort to remodeling their homes. In most cases, the homeowner who sets out to remodel his own is always on a tight budget.
Remodeling a home is not an easy task and it is very demanding. Remodeling a home is just like constructing your home all over again but this time, it can prove more difficult because there is already an existing structure. Building a new home is said to be easier since it is like drawing on a blank canvas and any idea is possible. Remodeling an already existing home can be more challenging because the designer has to contend with an existing structure.
While home remodeling can add up to the resale value of a home, it can also lower the price and sometimes lessen the chances of the home being resold. This happens when remodeling mistakes are committed, destroying the aesthetic and functional aspects of the home.
Any homeowner planning to remodel his home should watch out for these 5 remodeling mistakes that have been committed by other people over and over again. These may be simple mistakes but they can ruin the home value so it is recommended that every homeowner be aware of these mistakes.
1. Starting a home remodeling project without considering and estimating the costs involved
- Every homeowner who is planning to remodel his home should first take into consideration his financial capacity. Home remodeling can cost more considering the high prices of construction materials today. Prices of cement, paint, and other materials to be used in the home remodeling should be checked first before touching or destroying any part of the home. The homeowner should be prepared to invest money in home remodeling and finish the remodeling project. Or else, he can end up with a debased or devalued home instead of having its price or value improved.
2. Implementing remodeling projects without creating a remodeling plan
- This is one of the most common mistakes committed by most homeowners. There are times when a homeowner notices the faded paint of a room, or the damaged blocks in a certain part of a home. Then and there, he decides to have the room or that part destroyed as he wants to convert it into open concept. He contacts a builder to destroy the room and when the job is finished, he finds out that turning the room or area into open concept can cause problems in the overall structure of the house.
By failing to create a remodeling plan, the homeowner has just destroyed a still-useful room and expended money in the process. He now has to spend more
3. Selecting a contractor and starting the remodeling project without researching on the reputation of such contractor
- Any homeowner who hires a contractor should make sure he gets referrals for the contractor. If not, he should check on the background and work ethics of the contractor to make sure that he gets his remodeling project done quickly and efficiently. There are homeowners who are so excited about their home remodeling project that they commit the mistake of hiring a contractor without knowing his background. This can cost the homeowner a lot in terms of time and money especially if the contractor produces inferior work or leaves the work without finishing the remodeling project.
4. Embarking on a very expensive and impractical remodeling project making it impossible to resell the house at a profit
- Some homeowners become overzealous when starting a home remodeling project that they commit the mistake of spending more on the remodeling project than what is reasonable. Sometimes the expenses for the remodeling project becomes too much that the owner can no longer resell at a price within the range of the real estate rates in the community. Of course, if the home is an inherited home and the homeowner intends to preserve the home to his family for a long time, then such expenses may be justified.
5. Veering away from classic design and turning to color and design trends when remodeling a home
- It is always good to keep up with the times especially when remodeling a home but following the trend too much can cost the homeowner in the end. Classic home designs are still the ideal for home remodeling projects because such designs never go out of style. Following a certain color trend or design that will last only for one or two years will require another home renovation project when the trend has passed.
The goal of home remodeling will always be to improve the value of the home for whatever purpose. To achieve this goal, homeowners should consider the 5 common home remodeling mistakes and avoid them at all cost.