Have you ever invested thousands of dollars and weeks of planning into a home renovation project, only to find out that the result isn’t what you wanted? There are a few different reasons why this can happen. The first reasons is that the workmanship and final results may fall short of your expectations – often because the contractor you hired isn’t entirely reputable. Another possibility is that your renovation was finished to a high professional standard, but simply didn’t have the long-term lifestyle and property value effects that you had hoped for.
Navigating your way through home renovation isn’t always easy, but it helps if you’re aware of a few different renovations that homeowners sometimes regret. Here are three of the most common:
1. The dream basement
It’s true that a finished basement can add market value and buyer appeal to your home, but this is one area where it’s easy to take things too far. We’re talking about extravagant built-in bars, cinema spaces, and other luxury projects that often end up limiting the functionality and layout of the basement, rather than opening things up. It’s a good investment to put fresh flooring and walls in the basement, to be sure. But when your vision for a dream basement gets highly specific, you may be making changes that don’t pay off in the long run.
2. The extravagant master bedroom
A lot of homeowners are tempted to knock out a smaller bedroom and expand the master bedroom, adding such features as a walk-in closet or expanded bathroom. Of course, these features are highly desirable in a home – but not if they come at the cost of important neighborhood statistics! Specifically, we’re talking about the number of bedrooms in your home. If your ideas for an expanded master, a new office space, or an open floor plan will result in your home having fewer than average bedrooms for your neighborhood, the long-term effect will ultimately (in most cases) be detrimental.
3. The swimming pool and/or spa
Let’s face it, we all dream of having these amenities in our homes and backyards – and in some cases, this kind of renovation can be sensible. But much like the other renovations we’ve discussed, pools and spas tend to put limitations on how the property can be used. If the average property in your neighborhood has a pool and/or spa, adding one can be a good idea. But in many cases, potential buyers will have mixed feelings about these amenities. Also, the cost of achieving these renovations will almost certainly not be recuperated in terms of market value.
Making solid renovations choices
Home renovation can be a tricky business. Knowing how to balance your own needs and tastes with those of potential future buyers for your home takes some careful planning. A seasoned and reputable home renovation contractor will be able to give you dependable advice on your renovation ideas, along with reliable estimates on how much your different ideas will cost. Finding a world-class home renovator truly is one of the keys to making the best renovation decisions for your home. Good luck!