Planning on doing some home improvement this year? Before you start making your dreams a reality, don’t let these myths surrounding shared ownership fool you.
The house often gets more damage when an inexperienced renovator tries to do something. “However, a lot of advice can be contradictory, do your research, and when you’re making a big investment you want to know the truth or the myth,” says Thomas Goodman, real estate expert at MyJobQuote.
Take a look at the top seven home improvement myths below:
- You can do everything yourself
Tackling home improvement tasks requires the right tools to get the job done. While many of us choose to take on our DIY projects (like wall panels), some tasks can have costly consequences if done incorrectly.
Some of the more expensive work to fix includes wall demolition (£20,000), electrical wiring (£2,000), floor installation (£1,200), and repairing dented paintwork (£450). You could save a pretty penny doing it yourself, but a failed design could cost you more (and frustrate you).
- Renovations always bring you a good return
Bigger renovations aren’t always better, because spending more doesn’t guarantee more value. Many spend their lives dreaming of major kitchen renovations and stylish bathroom remodels, but in some cases, the homeowner is unlikely to make more than the construction costs.
“Typically, you get maybe 60 to 80 percent of what you spend,” says Thomas. “For that reason, it’s better to invest in upgrades that will make your home more comfortable during your stay than just trying to increase its value.”
- Color can cover everything
Interior wall preparation before painting is essential to ensure a flawless finish. Before you begin, repair any unsightly holes, blemishes, tears, or chips so the paint has a smooth base to adhere to. While you may be able to fix some bumps yourself with a grinder and a polyfilla all-purpose tool, it’s worth considering calling in the professionals.
- It’s cheaper to fix something than to replace it
Things often break or wear out at home, but that doesn’t mean you have to replace them right away. If something isn’t working, consider whether a repair can fix the entire problem. However, if the repair doesn’t fix the underlying problem, it may be worth buying a new one to avoid a cost jam.
- When renovating, you should stick to current living trends
We definitely love staying on top of upcoming interior design trends, but current interior styles don’t always work everywhere. According to Thomas, you can risk creating a home that doesn’t fit your lifestyle, so it’s best to avoid expensive and durable materials for walls, cabinets, countertops, and floors.
Integrate trends in an easily modifiable way, such as B.Accessories. “People are fed up with trends and interior design ideas are always changing,” adds Thomas.
- Conversion is quick
In general, it usually takes several months to complete a major full-home makeover if all goes well. Larger houses can take around nine to 15 months, plus more with additional delays. A good contractor can get the job done faster and more efficiently than you can do it yourself, so it’s best not to attempt anything that you might have trouble completing.
- Good planning can fool the surprise
Renovations can uncover unexpected problems in your home. No matter how much you plan, sometimes a contractor doesn’t find undetected leaks, pests, and manual repairs until after work has started.
While you should plan the renovation and stick to those plans, don’t go over your budget. Factor 10 percent over budget for windfall costs that can be added to the project.