Home Improvement Mistakes to Avoid
When you remodel or renovate your home, it’s an excellent way to increase its value. But before you start, it’s important to know exactly what you are getting into.
You don’t want to make any major mistakes that could cost you money in the long run. In addition, you don’t want to waste time and effort on projects that won’t add much to your home’s value.
Some home improvement projects can actually decrease your home’s value, says Mischa Fisher, chief economist at Angi, the contractor search service and house renovation site.
For example, installing a swimming pool or adding a three-season room aren’t always a good idea. In fact, according to a 2017 article from Remodeling Magazine, the cost of remodeling or adding a pool or room to your home could result in a negative return on investment when you sell.
Another common home improvement mistake is personalizing your space too much, which can negatively affect your resale value. For example, building a home theater in your basement could turn buyers off. Or if you decide to customize your kitchen with custom cabinets and granite countertops, you may end up spending a lot of money on items that will quickly become obsolete.
Many home improvement professionals say that homeowners shouldn’t overbuild. Those who do this can make their home more expensive than other homes on the block, which might not be a good idea if they plan to sell in the future.
Instead, homeowners should focus on improving their existing spaces. These projects can include upgrading the electrical or plumbing systems, repairing and replacing doors and windows, and making any necessary repairs to the foundation or roof.
Some homeowners will also choose to install new flooring and paint their interior walls and ceilings. The resulting new look can be aesthetically pleasing and give your home a more modern feel.
In addition, you should consider the type of material used in the project. For instance, if you are installing hardwood floors, you should consider choosing materials that will stand up to wear and tear in the long run.
Moreover, you should choose a reputable contractor with experience and reputation for quality work. It’s a good idea to compare bids from several contractors before choosing one.
You should also be sure that you have signed a written contract before the work begins. It should specify the date when the work will begin and how payments are to be made. In addition, it should list as much detail about the project as possible.
The Maryland Home Improvement Contract Law requires that all contractors provide a written contract before starting work or receiving any money for their services. It also provides penalties for contractors who are found to have violated the law.
It is important to find a reputable contractor who will work within your budget and be willing to help you with any questions or concerns you may have during the course of the project. The contract should also outline the timeline for the completion of the work and the schedule for obtaining any required inspections or certificates of occupancy.