Keeping your home updated can make it more enjoyable and reap big rewards when it's time to sell. The right renovations will increase your home's value. Unfortunately, home remodeling mistakes are common. Poorly done remodeling projects can decrease your home's value and have disastrous financial consequences.
Here are nine common home remodeling mistakes homeowners make. Making just one of these mistakes can cost a homeowner added expense, time, and frustration.
Mistakes to Avoid on Your Next Project
1. Not Getting the Correct Permits
While skipping permits and inspections might seem like a way to save some time and money, in many areas, it is required. A permit shows that the remodeling work has been completed to all applicable building and safety codes. It assures future buyers and your insurance company that all work was done correctly and safely. Skipping permits and inspections can void product warranties and jeopardize homeowners' insurance.
2. Choosing the Lowest Priced Contractor
An experienced contractor will bring years of experience and expertise to your remodeling project and is worth the extra money. Trying to save a few dollars by hiring a less experienced contractor often leaves homeowners disappointed with the outcome. Your choice of contractor is essential to a successful home remodeling project. Price is only one of the criteria you should consider when hiring a contractor. HomeAdvisor has a step-by-step guide to finding and hiring contractors full of helpful information.
3. Hiring the First Contractor You Meet
It is important to interview and get written estimates from at least three contractors. Make a list of questions to ask each contractor that you can refer back to before making a decision. Make sure the contractors understand your time expectations and remodeling goals. Ask for several references and check them out thoroughly. Hire a contractor who is easy to communicate with to make the remodeling process smoother and less stressful.
4. Not Planning for Budget Overages
A common home remodeling mistake is underestimating the actual cost of a project. You must establish a budget and have a detailed estimate for all parts of your remodeling project. A general rule is to budget at least 10% more on your budget for overages. Some contractors recommend 20%. Making significant changes to the plan after work has begun can quickly escalate the total cost of a project. An experienced contractor can help you establish a realistic budget and make sure to control costs whenever possible.
5. Rushing Into a Remodel
Every step in a remodeling project should be well thought out before work begins. Take your time and ensure your design adds function and value to your home. Working with a reliable and experienced contractor will help remove the stress of remodeling your home and give you the beautiful high-quality results you want.
6. Using Cheap Materials
The money you save buying cheaper materials may seem enticing but could end up costing you in the long run. Purchasing inferior materials can lead to huge problems and expensive repairs. Reputable contractors recommend using higher-quality products and can often get contractor discounts. Your project will look better, last longer, and yield a higher return on investment (ROI) when you invest in quality materials.
7. Not Getting Lien Releases
Failing to get a signed lien release from the contractors who work on a project is one of the biggest mistakes homeowners make when renovating. In some states, a contractor can file a property lien while working on your home. Some contractors forget to issue a lien release after the job has been completed and the final payment has been made. Be sure to get a lien release from all contractors who have worked on your project. Understanding the laws in your state that pertain to construction liens is crucial.
8. Not Considering the Future
One of the most common mistakes is only thinking about your immediate needs. Whether you plan to remain in your home long-term or think you’ll move in a few years will impact your project. If you plan to “age in place,” take steps to make your home more accessible during a remodel. If you plan to put your home on the market, consider renovations more likely to provide a higher return on investment. While you might prefer bright, bold design choices, they may not appeal to potential homebuyers when it’s time to sell.
9. Not Hiring Insured Contractors
Hiring only contractors that carry insurance for all workers working on your home or property is essential. When you hire an unlicensed contractor, you are taking significant financial risks, including being subject to a lawsuit. If an unlicensed contractor gets injured on your property, you could be held responsible for medical bills and damages. Make sure the contractor you hire is fully licensed and insured.
Why Choose RT Construction?
RT Construction has completed residential and commercial projects in Missouri, Illinois, and Kansas with precision and quality for over 25 years. RT Construction focuses on healthy and sustainable home-building practices. We take pride in our work, and your satisfaction is guaranteed. The RT Construction Process ensures that our residential and commercial clients receive the best value and excellent customer service. We are licensed, insured, and bonded for your protection. Contact us online or call 636-317-5636 to schedule an inspection and free estimate.