When aiming to revive the appeal and functionality of your home, renovation is the way to go. This can also serve beneficial for you once you plan to sell your property in the future. Not only does it increase property value, it graciously attracts higher sales prices as well. But before you dive into your own renovation project, it’s best to make due diligence.
There are a few misconceptions out there that are widely thought to be true. This may be due to the fact that people have different perspectives when it comes to home renovation. Whatever it may be, your house is still one of the biggest investments you’ll ever make during the entirety of your lifetime. To protect such a valuable asset, it’s best to learn about the common myths about home renovation that you ought to get rid of.
LETS START WITH THE MOST COMMON MYTHS:
FOLLOWING THE LATEST TREND IS A MUST
It’s true that design choices change frequently. What you call trendy today may not be the same tomorrow. There are a number of perks when it comes to following the latest trends when it comes to home renovation, improvement, and design. However, not all of those choices are catered to every individual. If you’re doing this for your own personal benefit, choose what best suits your personality and lifestyle. The same also applies when you plan to sell your home, research on what specific demographic you want to target for your buyers.
YOU CAN RECOUP ALL OF THE MONEY SPENT WHEN YOU SELL
This is completely FALSE! When you’ve invested $150,000 to renovate your kitchen, this doesn’t automatically equate to a $150,000 sales price or higher once you list your property on the market. Again, a top of the line kitchen doesn’t appeal to everyone, nor will most of your buyers share your tastes. This may impress a lot of your friends and relatives by invoking the wow factor in, but buyers wouldn’t necessarily share the same sentiment. You may recoup SOME of the money you’ve spent when you sell, but NOT ALL of it.
GOING GREEN IS EXPENSIVE
To be fair, there are some green home products out there that are a lot more expensive than their traditional counterparts, but it’s not always true. Energy-saving systems appear more expensive initially, but can save you a lot of money in the long run. Going green doesn’t necessarily mean that you always have to purchase green products or materials for your project. There are a lot of cost-free techniques that you can start with. Something as simple as unplugging electronics when not in use or turning out the lights when leaving a room can make a major difference. It doesn’t always mean busting out your roof to make way for a skylight or solar panels.
PAINT HIDES EVERYTHING
Maybe the most sought out material when it comes to any renovation project, paint proves to be essential. Although it gives surfaces a new touch and brighter appeal, it’s not the ultimate solution to cure all of the imperfections. Remember, paint can only hide minor blemishes. If the surface has accumulated mold, they should be properly addressed before applying a coat. The same applies when it comes to hiding cracks and other similar structural defects. You might find yourself in trouble with a lot of codes and violations when you do so. This also sets you up for a huge liability once you sell your home.
EVERY IMPROVEMENT ADDS VALUE
Not entirely. It’s no secret that a home renovation has great potential when it comes to boosting its market value. For example, adding a swimming pool or a hot tub can make for an impressive selling point. However, the value of the pool is largely dependent on the location and climate of the region. Adding one may be reasonable in a place that experiences a generally hot climate but would be completely impractical with an area that experiences cold weather most of the time. So to put it simply, not every dollar you spend impact’s your property’s value.
THE DIY APPROACH CAN SAVE YOURSELF A LOT OF MONEY
You may think that you can always do it for a lot less than what a handyman or contractor would charge. While you enthusiasm is admirable, it’s important to understand that there are a lot of factors involved when it comes to a renovation project. These professionals have been given a title for a reason. Contractors have the inside knowledge to purchase the right materials to use for a lot less rather than buying them yourself. With in-depth knowledge regarding the practice, they’re most likely to make fewer mistakes the first time. Having to redo the project from scratch only takes a lot of your time and money just because you get the measurements wrong. It makes a lot of sense to hire a professional and keep your precious time (and money) free!
The best way to approach you renovation project is to get some solid recommendations from professionals in the business and be able to secure the necessary permits. You can always reach out to our team at GetPro Construction and we’ll be happy to discuss what you have in mind for your project and guide you on the best route to take. To learn more about our services, contact us at (734) 822-9595 or send us an email at info@getproco.com.
