Much of the time, home remodeling projects add value to a home’s bottom line, whether due to increased living space from a finished basement or high-end countertops and appliances in an updated kitchen. However, how remodeling projects are done can also impact a home’s value, and there are actually ways that poor remodeling can lower your home’s value. Read on to learn what to keep in mind when changing things up in your home.
Quality Matters More Than Cost
We’ve all heard this saying and there’s a reason it’s so popular; it’s true! Choosing the least expensive materials and the lowest-price bid may save you money upfront, but end up costing much more down the road if the materials fail or the work isn’t done properly.
When it comes to avoiding home remodeling mistakes, quality craftsmanship and durable materials are key. Ensuring you speak with multiple licensed contractors will give you a sense of the proper budget for your project, and reputable remodelers will work with you to identify where to save and where not to cut corners. Poor-quality materials are one of the most common remodeling errors that reduce home value.
When to DIY and When to Hire a Pro
Do-It-Yourself projects sound great in theory, but it’s important you know what you’re doing, and what kind of person you are when it comes to projects. Before you dive into a DIY remodel, consider whether you can avoid common DIY remodeling mistakes by asking yourself:
- Do you have the tools and skills to complete the work?
- Are your work habits focused to ensure the project gets completed?
- Are you familiar with your local building codes and permit requirements?
- Can you ensure the job will meet a professional standard of quality that enhances your home’s value?
Remember that DIY doesn’t always save money in the end. You need to factor in the cost of materials, tools, time, and potential expenses if you end up hiring a professional to fix mistakes.
Avoid Trend Traps
Design trends come and go. Remember brightly colored shag carpeting? While trendy designs can be fun, choosing overly specific or bold looks is one of the biggest remodeling mistakes homeowners make. What’s popular now may not appeal to future buyers.
Neutral colors, quality finishes, and timeless materials will always age better. Express your personality in smaller design touches like décor or accessories. NARI-certified remodelers can guide you on where it’s safe to be bold and where restraint helps preserve long-term home value.
Remodeling is personal, but it’s also an investment. The goal is to create a home that works for your family while still maintaining resale value. When you’re ready to sell, you want the time and money you’ve put into your home to pay off, not reduce your return.
For more resources and professional remodeling advice, check out the Homeowners section at narichicago.org to learn what to look for when starting your next project.
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One of the best ways to make sure your kitchen remodel is going to be something you are truly happy with is to use our design-build process to see what your kitchen will look like before you get to demo. Contact us today to get started.
