This may seem obvious, but not all home improvement projects are created equal. Even in a seller's market, it is important for homeowners to make the right investment to yield higher returns. While myths and fairy tales are great for books and bedtime stories, when it comes to your home, it is not a good idea to believe everything you hear. Here is the truth behind several of the most common misconceptions surrounding the home.
Remodeling Always Adds Value To Your Home
We all want to bring life to outdated spaces in our home. There is nothing wrong with that, but adding an unusual feature that few people will appreciate can make it more difficult to sell your home a few years down the road.
While you might view a pool as a place for summer fun, potential buyers will see liability, additional expense and added maintenance. Unfortunately, home improvements don't always add a dollar for dollar return on your investment. Just remember that there are pitfalls to every project and some of them may cost more than you bargained for. On the flip side, making too many expensive improvements that exceed what is found in your neighborhood can come back to haunt you when it is time to sell.
You Can't Go Wrong Following Trends
Do you remember linoleum floors and floral wallpaper? It is no secret that design trends come and go, so it is generally better to stay with neutral colors and practical choices when selecting materials. Research and plan to make sure your space will match your personal style preferences. Start by looking through magazines, at websites online and by visiting home improvement stores and showrooms to find colors and styles that not only suit your taste, but also give it a timeless feel.
Going Green Is Expensive
Some green products do cost more, but the additional cost is actually lower than you might think. As an example, major paint manufacturers now offer paints that are low in volatile organic compounds (VOCs) for less than $2.00 extra per gallon.
But who says going green needs to be about buying more stuff? Sure a new high-efficiency heating system or energy efficient windows saves money and natural resources over the life of the products, but it can cost nothing to start living green by making smart choices in everyday activities, such as by:
- Dressing appropriately for the temperature outside. Then program or raise your thermostat a few degrees higher in summer, and grab a sweater and lower the thermostat in the winter.
- Turning out the lights when you leave a room. Keep at it until it becomes second nature.
- Unplugging your electronic toys or use a power strip. Things like TV's, DVD players, and many AC wall adapters continue to use electricity even when not in use. Power strips reduce this 'phantom' electricity draw.
More Expensive Products Will Attract More Buyers
Installing high-end materials may seem like a good decision, but it can backfire. For example, using the most expensive tile in a kitchen may create an impressive appearance, but value-conscious buyers may opt for a more affordable home if the seller has over-improved compared to others in the neighborhood.
DIY Projects Save Money
Thinking of designing a remodeling project yourself? Not so fast...Few homeowners know enough about building codes or have the experience of professional builders or designers. Think it through before you commit to doing all the work yourself. Admittedly, there is plenty of home improvement advice available, but ask yourself if you have the skill, time, or license required to perform the work. A remodel or ct home improvement is a big commitment and while tackling it yourself can sometimes save you money, it is important to know your limits and not be afraid to seek out the help of a professional. At least if they make a mistake, it doesn't come directly out of your wallet, and it is on their time, not yours. If you are able to take on a project on your own be prepared for mistakes. Nobody is perfect!
Fiderio & Sons
The advice provided is only meant to serve as a general guideline. Discuss specific needs with your CT home remodeling contractor because the best solution varies with each home. Our experts at Fiderio & Sons are offering a free consultation.