Why You Should Be Careful When Renovating Your Home

By
Real Estate Agent

The initial stages of a remodel are so exciting. This is because you get to spend your time imagining what a particular space or room is going to look like when it is all completed. At this point, you are only focused on your dream kitchen, bathroom, or bedroom.

While there is nothing wrong with this, you do have to be careful when remodeling your house. This is because the decisions that you make can have both short-term and long-term consequences. To learn more about what these could be, keep reading.

 

 

You Can Alienate Future Buyers

 

There is a good chance that when you first start thinking of remodeling ideas, you are focused on what you want. After all, you want to either beautify your home or to make it more livable, which is why you are making the changes in the first place. Thus, the decisions that you are making could be incredibly personal. You may only be choosing styles, colors, and designs that you find appealing.

The only issue with this is that you could end up alienating future buyers. They may find that the space is too personalized and may find it unappealing. Thus, you could have a hard time finding prospective buyers later on. When in doubt, you should look for something classic but that still resonates with your personal style. These are unlikely to go out of style anytime soon and can be appreciated even years later. It is also important to ensure that the functionality of the space isn’t altered, even after the renovations are completed.

 

 

You Can Overestimate the Value of Materials

 

Due to popularity and prevalence, people tend to go to granite countertops and hardwood floors when thinking about materials. This is quite common when people want to remodel a kitchen. Now, there is no denying that these do create a great aesthetic appeal. However, in this instance, you really are overestimating the importance of these materials.

For one thing, hardwood floors aren’t for everybody. They are quite difficult to take care of, especially if you have kids or pets. As for granite countertops, you can find a lot more reasonably-priced substitutes. Remember, these days it isn’t uncommon to find attractive materials that are durable and don’t cost too much. In most cases, you really will be better off with those options.

 

 

You Could Spend Money without Any Real Return on Investment

 

It is vital that you understand the purpose of a remodel. Yes, it is to increase the aesthetic appeal of your home but it is also to increase your home’s value. This is why before you decide to renovate any part of your home, you need to first see if it is worth it. The question you need to ask is, “will I be able to get my money’s worth for the changes I have made?”

The answer is actually a lot more complex than you might imagine. On the one hand, there are some renovations that really will pay off. This includes minor kitchen renovations, the addition of a deck, or even just updating existing structures like doors. What you should avoid is building an unnecessary bathroom or constructing an extravagant master bedroom. While these may appear to be what people want, most buyers actually just looking for upgrades that will make their home more comfortable and safe.

 

 

You Can Focus on Investment Rather Than Personal Pleasure

 

Sure, the above points have all focused on ensuring that you get as much value out of your renovation as possible. Some individuals, however, only think in terms of house value when considering what changes to make. Although this is important, you should still keep in mind what you like. This is particularly vital if you aren’t planning on selling your home anytime soon. For instance, imagine if you don’t actually spend too much time outdoors but construct a stunning garden complete with a water feature. Future buyers may love this but you won’t really be able to appreciate it. So, always try to keep a balance between your personal interests and investment. This is the only real way to be happy with the changes that you make.

If you have the money for a remodel, then you should certainly go ahead with it. However, you should keep in mind all of the things mentioned here. This will ensure that you won’t be making any unnecessary changes to your home.

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Rainmaker
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John Pusa
Berkshire Hathaway Home Services Crest - Glendale, CA
Your All Time Realtor With Exceptional Service

Hello Charles Fugate great list of tips for renovating a home.

May 11, 2018 12:39 PM #1
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Charles Fugate

Real estate agent in Autaugaville, AL
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