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Thursday, May 23, 2013

5 Biggest Home Renovation Mistakes

8:08 AM
So your mind is made up, and you are ready for a home renovation project. You have met several contractors, some referred, others you found, reviewed many estimates, even laughed at a few, and feel you have nailed it. Countless pictures have been shown to you, vision has been sold, and you have enough samples in product selection to open your own home improvement store. Are you as ready as you think? 

True, it took you weeks, maybe even months of researching to help make that final decision, and you feel that the contractor of your choice is going to bring your vision to light. This all may be true, but there are mistakes you do not want to make that tend to get overlooked. If you are looking for your upcoming home renovation to be headache free, these are 5 mistakes to avoid running to the medicine cabinet.


Thinking you have enough money

1.       Some home renovations can be a dollar for dollar experience, and you walk away with what exactly you wanted, and paid for. There are times when you may not be so lucky. One should always be prepared for an unexpected surprise. The bigger the project you are doing, the higher your chances are in unforeseen obstacles that may add to your already paid for renovation. You will be surprised what you encounter when you open walls, things like mold, termites, rotted beams, leaky pipes, are some to name a few. 

Ask your contractor to give you a small list of the unexpected for a home like yours. Not all homes have the same issues, there may even be a common occurrence with all the homes in your community since they were constructed at the same time, and more than likely by the same company. Your contractor may be aware of them if he has done work in your area. Thinking you have enough money may not be enough. Have an  emergency fund ready just in case. Your contractor is definitely not going to pay for it or he may be able to add a 10% contingency to be withheld in the event that something arises. If all goes well, the funds withheld are reimbursed back to you.


When size does not matter to you

2.       You have a small bathroom, and want to take it to the next level by replacing your standard tub with a swanky jacuzzi tub. Yes, they are beautiful. They are also space eaters, like that “must have” vanity at Home Depot that is 2 sizes bigger than your existing one. Yes, it can fit, and so does a golf ball down a P-trap. The size may not matter to you at the time, but it will, it always does.


Trend seeker

3.       Yes, that royal blue square shaped, see-through basin looks amazing on that black granite counter-top. Just because, it was mentioned as the top 5 sellers for 2013 does not mean it will be nominated for an Oscar next year. Fads disappear rather quickly, chasing the latest trend can have a short shelf life. When trend seeking, go with a style that does not have to be re-invented annually. Your contractor will love it, but debt seeking is not a trend.


Taking on too much

4.       Home renovations should never be a burden, always have a specific idea in mind, and do not make it complicated by adding on to it with a knee jerk decision. Give careful thought to a process, and what it means to alter them. Changing your kitchen cabinets is one thing, but then deciding on moving your plumbing, and placement of light fixtures can be an overwhelming experience. Taking on too much can leave you with regrets, and a financial obligation to a decision that could have stayed an easy and less costly one.


Blind eye to your home’s bones

5.       So you live in that wonderful cozy cape in the suburbs. The one that was passed down from your grandparents. Yes, an upgrade may likely be in the future. You do not want to ignore the home’s bones, discounting the outside style of the home and going with a modern Italian retro look in the inside can become a cast for a broken bone that will never heal. That white marble floor in your kitchen with the swanky, eat-in white leather nook may work elsewhere, just not in your home. This can also be a hindrance if you ever need to sell the property. Over the top personal customization only serves the owner, and will be an expensive transition back to normal.



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