Buying a home is a goal for many people as they build their lives.
Since it’s a significant investment that requires a bank loan in the majority of cases, it’s a high-value asset.
As a homeowner, your goal is to maintain the condition of the property; however, over the years, you begin thinking of increasing the value of your home.
Renovating both the interior and exterior has the potential to drastically boost the resale value of the property if you decide to upgrade or downsize at a later stage in your life.
Remodeling requires effort on the part of the homeowner to ensure completing your renovations within time and budget.
However, this is a utopian concept, as both contractors and the owner often commit several mistakes.
These 13 mistakes could result in you blowing your budget and, in some cases, an unsatisfactory remodel.
Avoid these mistakes to safeguard your budget and assure your gratification…
Commencing a remodel isn’t about waking up one morning and going to work. Conduct due research into which rooms in your home requires remodeling first. Due diligence will assist in laying out the renovation process so that your household is prepared for the disruptions accordingly.
2. Don’t Always DIY
There are various DIY channels on YouTube, which make remodeling homes seem like it’s straightforward for everyone.
While certain jobs around the house can be done by yourself, such as preparing a surface for painting, the majority of remodeling components require professional contractors.
The temptation to save money might be too great to resist. The reality is that in most cases, your abilities are given a false boost without consideration of the time and effort required for the work.
Taking on work usually reserved for qualified contractors will end up costing you more money.
After you’ve tried installing new components, you may end up with damaged items that don’t function correctly, and you’d spend more money hiring a professional for the job eventually.
Rather look at the work that requires a higher skill level and recruit a highly trained individual to complete the task. They will save you time and install the necessary equipment correctly.
3. The Desire for Urgency
Renovations are naturally disruptive.
Home life changes with construction equipment lying around and several elements of the remodel in the way.
This disruption is one of the reasons why homeowners want the job done as quickly as possible, especially after watching a TV program where an enormous revamp was completed in a week.
However, you must realize that you’re not on TV, and you don’t have producers and budgets to complete a remodel in record time.
We recommend that massive remodeling take anything from three to six months to complete. Give the project ample time to cater to unexpected incidents and for contractors to give you excellent work.
4. Surprise Costs – Don’t Be Surprised
The age of the building will determine if you’ll see any surprise charges arise.
Apart from the quotation supplied by your contractor, you should set aside approximately 10 to 15% of that budget for unforeseen breakages.
Naturally, the older the building, the higher the chance of encountering problems such as mold, rusty pipes, leaks, and wiring that’s too old.
5. Inaccurate Measurements
Contractors the world over, abide by the mantra of “measure twice, cut once” to avoid silly mistakes.
An overestimation results in you wasting money to buy extra material, which you’ll never use. Conversely, short measurements delay the entire remodeling process and result in overspending on the budget.
6. Not Sticking to a Plan
Before you hire a contractor and after you’ve evaluated which sections of your home require a facelift, you should write down the plan you want.
Consult your family and agree to a particular proposal for the renovation. Reports suggest that the biggest mistake homeowners make is changing their minds during the process.
Be wary of the fact that a sudden change in the arrangement will cost you more and halt the progress of the project.
7. The Contractor
This person or company is probably one of the essential aspects of a remodeling project.
With the number of contractors on the market, it’s easy to select the most affordable one and end up with poor quality.
You shouldn’t rush this decision. Take your time to interview several contractors. After cross-checking their references with other clients, you must ask questions relating to the construction process and the materials they use.
Establish an effective communicative relationship with the contractor where information flows in both directions.
Furthermore, ensure the contractor has a license for their trade, worker’s compensation, and liability insurance.
Bear in mind that paying a little more for a quality contractor will ensure an on-time completion of your remodeling project.
8. The Contract
After the rigorous process of sifting through contractors and selecting the one you’re happy with, it’s imperative to outline all the details in a contract.
Allowing work to commence without a contract in place is a mistake that will end up costing you.
The agreement must include the order in which the work should be completed, the various tasks that the contractor is responsible for, the materials that they will use as well as the total cost and payment arrangement.
9. Deciding on Too Many Trendy Choices
While it may seem to be appropriate presently, opting for trendy finishes could leave your refurbishment being outdated within six months.
The whole point about trends is that they continue evolving. As a result, you could end up with countertops or flooring that’s a thing of the past, which decreases the value of your home.
Try to blend the refurbishment with some new and some classic elements.
10. Being Impractical
While some additions look great, they may not be functional.
A typical example would be acquiring a white, cozy lounge suit when you have pets at home.
They will eventually damage it, and you’ll waste money to source another lounge suite to suit the surroundings.
Another example is choosing marble countertops when you have young children in the household. Marble countertops are not kids-friendly since it requires higher maintenance and carefulness. However, if you’re in a household without children and are looking for a timeless, luxurious looking countertop, marble is a perfect choice.
Be sure to consider all the elements of your home when remodeling.
We’re often so excited to commence the remodel that we go out to shop for appliances. Sourcing those elements too early is a mistake you’ll only realize after completion of the renovations. The alternative is heading out to the appliance store and measuring the goods that interest you. Pass that information to the contractor to factor those measurements in when they’re on the job.
Paint is another essential component in any home.
People often comment on the color of the paint and whether it works with the rest of the house or not. Think about the type of paint you’d like to use in a specific room.
Generally, ceilings are painted with a matte-finish to appear as if it’s receding, creating the illusion of more space. Glossy or satin paints are suitable for walls, so it reflects the light. Furthermore, cleaning dirt off glossy paint is easier.
Your home is effectively a construction site when contractors are in full swing with your remodel.
It’s imperative that you protect yourself and your family from injury by equipping yourselves with work boots, safety goggles, and perhaps gloves. Always keep a first-aid kit nearby for any injuries on the job.
Ultimately, you want your home to be aesthetically pleasing, containing beautifully designed elements while being functional for your unique lifestyle.
As the homeowner, you have a responsibility to ensure meeting certain criteria when refurbishing your home.
Following these steps will assist you in avoiding mistakes that will affect your bank balance and the quality of your renovations.
Upon completion of the project, you want to look back at your home with pride, knowing that your investment was worthwhile and that should you decide to sell, you’d receive more than what you spent on your masterpiece.