Have you been considering a home renovation? Before beginning a large home improvement project, it is important that you fully understand the information surrounding it. Here is the truth behind some common misconceptions about home renovations.
You can do it all yourself – While some people are handier than others when it comes to home improvement projects, the reality is that home renovations are not as simple as they may seem on television. Using a trusted professional for the larger projects can save you time and money. A good contractor will provide you with an estimate and a timeline to complete your renovation project safely.
All renovations will add value – When making home renovations, remember to keep the resale of your home in mind. Renovations that are extremely custom could decrease the value of your home when the time comes to resell. For best financial benefit, stick with renovations that are universal to most homeowners’ needs.
You do not need a permit or approval – Depending on the type of home renovation, it is possible that you will need a building permit or approval from your HOA. A good contractor should know if a permit is needed, but you should also check with your HOA to ensure that your renovation is allowed.
You can always buy more materials – You should purchase all needed materials when you begin a home renovation project. Otherwise, the items you need could go out of stock, forcing you to choose something that does not match or wait weeks for additional materials to be ordered.
Learn about more renovation myths here.
If you are interested in making renovations to your home or purchasing a home in need of renovations, Fairway Independent Mortgage Corporation has financing programs that will help you combine your renovation costs with your home purchase loan or refinance. Call me today to learn more.