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Avoiding First Time Renovators Mistakes

Avoiding First Time Renovators Mistakes

13 Oct 2015 Professionals Real Estate 0 Comment

Image of a builder going over the plansIt is both exciting and a little nerve wracking to start those first time renovations. This is the time where a lot of potential mistakes can be made. These errors can be costly and time consuming. They could make you question as to whether you made the right decision in taking on these renovations yourself.  While there are lots of potential mistakes that can be made, you want to be sure that you avoid some of the bigger ones like these three.

Renovating with emotion

This really is a big one when it comes to renovation errors. You should start with a plan but try to remain realistic with it. You also want the plan to be flexible enough that you can implement changes along the way. You have to give thought to certain issues that may arise like those with the plumbing or structure and what this could potentially do to the budget. It is really difficult to refrain from letting your emotions dictate what should be done to the home. You most likely have your own concept of a dream home, but you need to remain practical about this. Without doing so you run the risk of making the mistake of putting more money into the house than what you are going to be able to get back.

Be aware of the market prices

No matter whether you are renovating because you want to sell your home or just because you want to modernize it, know what the values of homes around you are. This will help you keep your renovations in check when it comes to both designing and the budget. You need to know what changes you can make to the house that are going appease you but at the same time have appeal to potential buyers within the market price of your area. You really need to pay attention to what the higher caliber homes in your neighborhood have to offer, and then be sure that your renovations are going to be on par with this. Even if the intention is not to sell immediately you need to consider the future. Take the time to research the types of homes in your area and what some recent ones have sold for and what were their selling features.

Going with a builder

If through your planning stages you come to the conclusion that this do it yourself project is just a little bit more than you are prepared to handle, then you may decide to go with a builder. This may be a wise idea but you still have some renovation responsibilities and even a potential error to avoid. You have to be sure that you are choosing a quality builder. You need to know they are capable of providing quality work, and that their price fits within your budget. Just as important is the time line. You need to know that your chosen builder is going to be able to complete this home renovation project within your time allotment.

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