Being selective when it comes to home remodeling is important, because you do not want to spend too much money fixing a project that went wrong or putting your hard-earned cash toward an improvement that really isn't. Some of the projects might not even add value to your home after all, which may not matter now but could make a difference when it's time to sell.
Also, once a project is begun, it needs to be carried out to completion. Starting a flooring project might sound easy, but you may find out in the middle of it that it was harder than you thought and you don't have what you need to wrap up the job. Nothing is worse than having a half finished floor, and an incomplete remodeling project can actually reduce the value of your home.
One of the smartest investments that you can make in your home is adding new energy-efficient windows and doors throughout your home. This can provide a larger return on investment when it comes to adding something. New maintenance-free siding is also a great investment.Avoid These Home Remodeling Mistakes
- Always make sure to invest your money in a project that you need over one that you want. This is because if you do not have money for both projects, getting a needed project done should be the priority. An example of this is a deteriorating roof. If you go later on to sell the home and that roof is not taken care of, you might have toreplace it before you can even sell the home. On the other hand, a new roof can actually make your home more valuable.
- You do not want to over-invest in your home either. Two of the main rooms that bring in an investment are the kitchen and the bathroom. You want to make sure that you improve them with what's in line with similar homes in your neighborhood. Adding a bathroom can be a plus, as long as you don't overdo it - if most homes in your area have only two bathrooms, putting in a third bathroom isn't neccesarily going to add value to your home.
- The last mistake that can be made (and this one is a big one) is to start on a project without doing your homework. Take enough time to do your research in order to find the best solution for you and your home. When a project is done poorly and lacks the proper planning, the results are not going to go over well with potential buyers in the future.
- An in-ground pool - don't add a pool unless you're the only house on the block that doesn't have one
- Home offices that can't easily be made into a bedroom (not everyone works from home)
- Sun rooms - they may be attractive and inviting, but they have very little use and can add to your cooling bill in the summer
- Any special purpose room that cannot be converted into something else
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