Wanda Fears (804) 909-2777
We’re all about making some home improvements, some will have better pay offs than others. In our experience, we see people go into a project with a lot of ambition just to see a project fail. These are three things to avoid when working on a home improvement project:
Prioritize
It’s beautiful outside and the first thing on your improvement list is building a deck and second is building an in-ground pool but what you really need is a new furnace. You only have money for one of these projects. Your priority should lie in getting a new furnace, as a home owner you can’t leave things until the last possible minute. You need to take care of essentials of home regardless on what you desire. A furnace is necessary to keep your home functioning the way it is supposed to. Waiting on this investment can end up costing you a lot more in the long run.
Over-Investing
It’s really important to see what is going on in your neighborhood. If most homes around you have updated kitchens, bathrooms and a standard room number and size; your home should share the same specifications. However, expecting to get paid for additional things like a: pool, sun room or other commodities that your neighbors don’t have might be unrealistic. Things like playrooms and additional bedrooms might be a better investment. Which brings us to our next point.
Take Your Time
Do your research on the projects that will provide the highest return for the money invested. This will also allow you to decide on whether or not this is an undertaking that can be achieved doing it yourself or if you need a professional. Making a mistake because you are underprepared or don’t have the right skills can end up costing you a lot more than what you planned for. Redoing a bathroom for example, might seem like a feasible project but rupturing a pipe can be a mistake that can end up costing you thousands of dollars in damage.
As long as you recognize that the value added to your home might not appreciated by all or the market value, then improve away! If you do expect to be compensated for your efforts, then we suggest spending some time figuring out what projects are going to pay your investment back in the long run. Speak to a real estate agent like me if you'd like to find out more information on how to increase your property value!
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