By Melissa Forte-Litscher, NextHome Cornerstone Realty
We’re in a challenging real estate market right now. So, many of us aren’t looking at selling our homes, but just need a refresh or want to use some of our equity to improve the quality of life in our current home.
Home renovations are an exciting way to enhance your living space, making it more comfortable, functional and valuable. However, the process can be complex and filled with potential pitfalls if not approached with careful planning.
While it’s easy to get caught up in the excitement of new designs, staying grounded and informed is essential to avoid costly mistakes that could derail your project. Whether you’re remodeling a small bathroom or overhauling a kitchen, knowing what to avoid is as important as having a clear vision.
One of the biggest mistakes homeowners make is starting a renovation without a clear and realistic budget. Without financial planning, it’s easy for costs to spiral out of control as unexpected expenses pile up. Setting a budget involves more than just estimating costs—it requires detailed quotes from contractors, material costs, labor and permits.
Don’t forget to account for potential delays or surprises. It’s wise to include a contingency fund, typically 10-20% of your overall budget, to cover unforeseen issues. Sticking to this budget is critical to avoiding financial strain and ensuring your renovation stays on track.
Another costly error is skipping necessary permits. Some homeowners might try to bypass this step to save time or money. But, doing so can lead to significant legal and financial problems. Many renovations require permits to comply with local building codes.
Failing to get them can result in fines, project delays or even the need to redo work. Additionally, unpermitted work can create issues when selling your home, as it could lower your property’s value or complicate the sale. Before starting your renovation, consult with local authorities or your contractor to determine which permits are required.
Timing is another area where many homeowners miscalculate. Renovations often take longer than expected, and it’s easy to underestimate how much time the process will require. Rushing can lead to subpar results or incomplete work. Unforeseen issues such as supply chain delays or hidden structural problems can also throw off timelines.
To avoid frustration, establish a realistic timeline with your contractor and allow extra time for potential delays. Patience is key to ensuring the renovation is completed properly rather than rushed.
While aesthetics are a big part of any renovation, it’s essential not to overlook functionality. A beautifully designed space that doesn’t meet your daily needs can quickly become frustrating.
When planning your renovation, consider how the space will be used. Think about the layout, storage solutions and flow to ensure the space is practical and comfortable. While design trends are exciting, functionality should remain a top priority throughout the renovation process.
Finally, cutting corners on materials and labor is a mistake that can have long-term consequences. Choosing cheaper materials might seem like a good way to save money, but low-quality materials tend to wear out faster and require more frequent repairs or replacements.
Similarly, hiring less experienced workers to save on labor costs can lead to shoddy workmanship, which may result in more expensive repairs down the line. Investing in high-quality materials and experienced professionals might increase upfront costs, but it will pay off in the long run by ensuring your renovation is durable and built to last.
Whether you are planning on staying in your home for many more years, or renovating with selling in the near future in mind, home renovations can significantly improve your living space. Avoiding common mistakes is essential for a successful project.
Setting a clear budget,
obtaining necessary permits,
planning a realistic timeline,
prioritizing functionality, and
investing in quality materials and labor
will help you achieve the home of your dreams without unnecessary stress or added costs. Taking a thoughtful, patient approach to your renovation will leave you with a space that enhances both your quality of life and your home’s value for years to come. If you are ready to reap the benefits of your renovation, let me know how I can help you, I’m at your service.
I’m at your service. Call or text me at (850) 496- 7444 or email Melissa@NextHomeCornerstone.com. Visit destin-fwbrealty.com on the web.
