Home improvements are one of the best ways to increase the value of your home; not only do they provide you with a more customized living situation, they also modernize the dwelling for future buyers. While home improvements may seem costly at the time, they’re consistently proven to pay off when it comes time for home owners to sell.
If you’re handy and enjoy a good DIY project, the urge to tear up your floors and smash through your walls with a sledgehammer may be irresistible, but there are a few smart considerations to take into account before you get started.
1. Be Smart About Budgeting Your Funds and Time
While this may seem obvious, the number of homeowners who jump into home restoration and redesign projects without a clear idea of their budget is surprisingly high. At the start, homeowners need to have a concise number in their head that includes wiggle room in the event additional materials or time is needed to successfully complete the project. Scope creep—the idea that projects tend to derail from their original concept and get additional tasks piled on—is another serious factor homeowners must take into consideration. It’s alarming how quickly a floor restoration project can turn into a complete room remodel.
2. Always Assess the Quality of Your Materials and Construction
Materials are one of the most important aspects of home renovation projects; cheaper materials have less aesthetic appeal and don’t hold up for as long as quality materials, plus they don’t add as much equity to a home when it’s ready for sale. While there’s immediate satisfaction to completing a DIY project quickly and with cheaper materials, potential buyers will most likely find the updates garish and request they be removed as a buying condition, which ends up costing you money and time.
The construction of DIY projects also has to be up to spec; if construction is unsafe, it’s a sure bet that potential future homeowners will want the project removed or professionally updated. Again, this ends up costing you money and time that could’ve been saved if the right effort and funds were put in up front.
3. Talk to Your Insurance Agent Before Starting Big Projects
Homeowners should get in touch with their home insurance agent before, during, and after home renovation projects. Homeowners should keep their insurance agent briefed about projects before picking up a brush as well as about planned changes and project scope before the project is carried out and during its implementation to avoid hassle down the line
When your project is complete, close the loop with your insurance agent to make sure every aspect of the project is copasetic and to discuss coverage options for the increased value of the home.
4. Keep the Seasons In Mind When Planning Projects
Keeping the seasons in mind when planning home improvement projects isn’t as easy as thinking, “don’t replace the windows in the middle of January,” rather, there are a lot of factors that come into play. For instance, window replacement and restoration should be addressed in the spring and early summer, not solely because it’s pleasant to have the windows open, but due to the decreased amount of expanding or contracting of materials and bonds that’s attributed to more extreme weather. Wooden floors warp and shift with humidity and moisture, so the best time to think about instillation is during the crisper season of fall. HVAC repairs and replacement should be carried out in the temperate seasons of spring or fall, when the weather is milder and HVAC isn’t required for comfortable habitation of your home.
For more information about successful home improvement during the changing seasons, view this infographic.