So you have finally bought your first home? Wonderful! But wait. Is the home you have paid for new or it requires some renovations to get it to the peak? We know you want to get the best out of your investment, and that is why we want to help you to ensure that your new property is in the best condition.
Home renovation is one uphill task for new homeowners. Without proper care, you could end up in costly mistakes and make your experience even worse. We have put together some of the common mistakes homeowners do when they start renovating their newly acquired homes. You should avoid them at all costs if you want to reap the fruits of your new investments.
1. Underestimating the Costs
It is common to find people, including yourself, estimating the cost of doing something. But the sad part is that in most cases, the estimates are much lower than what we really spend on the projects. It is ideal that when you are putting together the costs of the items you need and what you will need to pay the architect or technician, you remember to add significant value on top, say like 20% of your estimate.
It will be more painful to start your renovation project and realize that you have insufficient cash for the supply of materials. It is better to prepare yourself financially to get the right quality items and be in the position to pay the technicians for the job. If you can set aside enough funds to complete the project and remain with some, you will be satisfied than end up doing a shoddy job due to lack of proper preparations.
2. Starting the Renovations too Soon
After you have acquired your new home, you should not start renovating it immediately. You are most likely going to do some things in the wrong way and incur some losses. You should at least stay in the property for some time. Doing so will help you to understand any flaws that require more preparations to make the renovation process a success.
3. Doing the Renovation Yourself
We sometimes tend to do a few things by ourselves to cut down on the costs. But we cannot do everything when renovating a new home. As a new homeowner, there are a few things you can do by yourself, but others require professionals.
For instance, if you are not a qualified technician, you should avoid fixing outdoor ceiling lights by yourself. You need an electrical technician to identify the correct point to place a junction without causing more damage to your property. You could also damage the materials you bought and increase the expenses in the long run. We have not mentioned how fatal it can be to handle electricity without care.
4. Following Trends
Almost everybody has fallen for a trend or fashion at least once in a lifetime. If you go by what you see on social media, especially, Pinterest, you would easily get tempted to try something new for the home you have acquired. New trends in homes, developments, and decor can lure you to spending a fortune to make your property shine out.
While some recent developments are good for homeowners, others can only make you spend more than what is necessary. And not to forget that trends end up getting outdated so soon. You also do not want to stick to an old design that people are less likely to be interested in. If you want to resell your home at some time, you should choose a design that makes it stand out for more years until you sell it off.
5. Forgetting your Limits
Everybody has their own ability limits, even when it comes to finance and property ownership. You might want to renovate your property as a new homeowner so that it reaches the “class” of your neighbors. But maybe that is not the best thing to do in the first place. You did not buy the home as a show-off, but for a place to live in comfort with your family.
Before you start your renovation budget, you may want to re-examine your abilities. If you do not have a steady source of income, try to do one thing at a time. You first need to get the lighting systems working, a garage door service to fix the housing for your family car, and the plumber to fix your bathroom. The floor, walls, ceiling, and other services can wait.
Renovating a home is not a simple task, and you should expect to spend more time than you think on the renovation. You also need to create yourself the time to gather the money you require for the same. If necessary, you should do your renovation in bits, as per your abilities.
Author Bio: Jessica Smith
She is a blogger who loves to write in different verticals. She co-authored Supercharge Organic Traffic: A popular course focusing on Organic Traffic for E-commerce. Her hobbies are reading.