Watch out for these Home Remodeling Mistakes That Bring down the Value of your Home

You have bought a home and you cannot wait to renovate it? Hold it right there! Do not make these mistakes as they can bring down the value of your property.

Mistake # 1 Failure to take Functionality into Consideration

It goes without saying that every household is unique and so are their needs and requirements. Simply because a glass roof looks incredibly beautiful in a home décor magazine, doesn’t mean it would work well for hotter regions. Have a detailed analysis of your needs and requirements as well as your space before finalizing a home remodeling design.

Mistake # 2 Not researching well before Hiring a Contractor

Before hiring a contractor, you need to do a thorough background check, carefully investigate their portfolio, ask for references and referrals and select one that has previously delivered what promised. Additionally, you need to carefully check their license and insurance.

Mistake # 3 Not Prioritizing Quality over Price

Finding the right contractor for the job can mean the difference between a job well done and a complete disaster. For a number of homeowners, the most challenging part of any home renovation project is not the job itself but finding a reliable and competent contractor for the job. Compared to the renovation job itself, the ordeal of finding a quality contractor that will perform their job with perfection from the beginning till the end, is more challenging.

To pick the best, try requesting contact info from a companies past clients to reach out to them on what their experience was like when working with the company. It is important that you carefully check for quality and optimum value for your money rather than the price tags per se.

Mistake# 5 Not Asking for a Written Settlement

To make sure you’re well aware of the terms and conditions of your contractor, it is a good idea to settle for a written agreement. The contract should include every single detail so that there are no surprises at the end of the day. Experts suggest you have an approved plan of the remodeling project so that you’re able to settle any disputes that may arise after project completion.

Additionally, make sure that you set the payment schedule with your contractor. Commonly, you need to pay 30% upfront, with regular payments at specific milestones, and the last 10% once the job is completed to your satisfaction.

Mistake# 6 Adding Half Hearted, Small Additions

Some people find it easier, emotionally and financially, to renovate as and when their finances allow, usually on a room-by-room basis. A common house that endures this would be eventually crippled in terms of functionality as well as value.

Bottom Line

The key to getting the desired results out of your home remodeling project is to remodel your home not only according to your own tastes but also the demographics of the suburb.