Renovating your home can be an exciting task ever, but it can also be quite daunting as there are many myths and misconceptions about home renovations, which can lead to costly mistakes if not taken into consideration ahead.
In this article, we will discuss some of the common myths and dos and donts of home renovations that you should keep in mind in assisting you get the most out of your investment. We will also provide helpful tips on how to make sure your new house is renovated according to your needs and within your budget.
1. Renovation will increase house value
However, the fact is, a house’s value does increase with or without renovation because it is not determined by how much you spent on the project, but by the location, nearby amenities, catalyst, and overall market supply and demand.
Therefore, you need to be clear about the purpose of starting a renovation project. If it is to increase the property value, it is important to do it smarter than hardcore simply because everyone has different preferences on renovation styles. An expensive renovation project may not necessarily bring a higher return on investment to the seller.
However, a clean, simple, and neat property hardly fails to impress homebuyers. It also increases the chances of selling, and improves the overall value of the property.
2. DIY is cheaper
The truth is that a home suffers more damage when an inexperienced renovator tries to do something on their own. For example, doing things like demolition or electric work without proper training and sufficient experience may be dangerous both to the homeowner and the property. Moreover, a failed DIY project could end up costing you more, leaving you frustrated and disrupting your renovation plan.
However, it is not that there is nothing a house owner can DIY to save on renovation costs, but it is important to be realistic and always seek professional advice and assistance before kicking off a DIY renovation project.
3. Current trend will never go wrong
If you are not sure of your renovation style, the contractor may advise you that the wisest approach is to stick with the latest style and add a touch of your personal preference. It is not wrong, but do not forget your house needs not just to look great and be up to the current trend, it has to be comfortable, cosy, and liveable, especially when you are staying with family. It has more reason to prioritise functionality than to be stylish.
Moreover, most trends come and go like the wind. It will be totally fine if you love the current trend so much that you will not mind when the trend is over, even if it may negatively affects your property value when you do go to sell it later. If not, just think: “How will this look 10 years down the track?”. If you are confident that you will still love it, you may go ahead, but if you are not sure about that, avoiding trends is always a safer bet.
[Image source: Photo by Laurie Shaw from Pexels]
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