My 30-year experience in the renovation industry has taught me that mistakes are not uncommon but hopefully not too costly. These are the top 5 mistakes you should avoid when renovating to maximize your ROI.
Use only #quality materials. It is common to have a tight budget during a renovation project, especially towards the end. Avoid cheap finishes, such as plumbing fixtures. These fixtures might look nice, but you don’t want a broken water supply after all the hard work. Although flooring can look the same as its #NAMEBRAND counterpart, 99.9% of the time, it will show signs of wear and need to be replaced. You will pay more over the long term.
Second, don’t wait six months or more to fix any problems you find during renovation. It is cheaper to fix them now than waiting. You don’t want to let a simple, preventable problem like faulty plumbing or electrical become more severe than it should be. These can lead to additional damage that could be very costly.
Top 5 Home Renovation Mistakes people Make!
The third mistake is to use carpet. The carpet is not only filthy, but it also needs to be maintained to maintain the warranty. The carpet will need to be replaced more frequently than other floorings, especially if it is a renovation in a rental property, leading to higher costs over the long term.
Underestimating the cost of renovations is a fourth problem to avoid. Renovations can be challenging because you don’t know what the final product will look like until it is done. You might be surprised at the unexpected things that you suddenly think of when the installation process starts. New paint and other items make it necessary to replace items that were previously considered reusable. To make sure you have enough money, add 20% to your budget when planning and budgeting your renovation. #LUXURYRENOVATIONS can be complex or straightforward, but they are often very surprised as to what “could be” replaced.
The #renovation industry is all about number five: estimating your time. You should allow yourself 7-10 days to complete the project, especially if there is additional work. You don’t want to rush the last steps after all the planning and hard work.
Source by Jeff Kennedy