Everyone
gets that home improvement itch, whether they have just purchased a new home or
have been living in their existing home for a while. We see beautiful home in
magazines and online, and we want that too! You may want your home to function
better to suit your needs or you may be considering selling, either way, there
are some important factors to consider before going ahead with any type of home
improvement.
Tip 1: Try to make improvements that add real value to your home
Once you
have made the decision to go ahead, try to add real value. You may be tempted
to refinish the hardwood floors, but wouldn't adding a new bathroom add more
value? You can always do the floors later. This all depends of course on your
finances, but a home should also be seen as a long term investment for your
future.
Tip 2: Think about the money
One of the
most important factors to consider, is financing the work. You may even need to
scale back your plans according to costs, and if your savings are not up to the
job, then you may even need to consider borrowing money. From the bank of mom
and dad to traditional loans to even a loan on
your car,
there are a myriad of financing options. Remember though, you may want that
dream house but don't burden yourself unnecessarily with a loan you cannot pay
back.
Tip 3: Deal with crucial fixes first
There are
some home improvements that are more urgent as opposed to others. It could be a
leaky tap or as simple as insulating your loft. In fixing these issues, you may
be able to prevent costly damage in the future or simply be saving yourself
money. Even something as simple and inexpensive as repainting your front door
can be seen as crucial if you are thinking of selling your home.
Tip 4: Weigh up the pros and cons of DIY
Even if
you have experience in fixing little things around the house and have a well
equipped tool box, not all home improvement projects are DIY friendly. You may
be tempted to fix things on your own, but do you really want to take the risk?
After all, it is your home and even small mistakes can end up costing you a
whole lot more. Leave some tasks to the professionals.
Tip 5: Always have a plan
Never
start any sort of home improvement project without a proper plan in place. You
should be aware of finance, materials, design, builders and the time and
devotion you will need. Otherwise, there is a good chance of making costly
mistakes and work going unfinished, so plan and plan ahead.
Disclosure: This is a contributed post.
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