3 Mistakes First Time Homeowners Make when Remodeling

First time homeowners tend to make mistakes when remodeling. Remodeling your house can be a great way to add functionality and value to your home. However, if you make the wrong decisions when remodeling, you will cancel out your effectiveness and waste money. Here are a few common mistakes that first time homeowners make when remodeling.

1. Choosing the Wrong Projects

Many first time homeowners make the wrong decisions when remodeling. They choose projects that do not add value to their home in the long run. When you are remodeling, you want to focus on spending your money on the things that will add the most value to the home. Getting the most return on your investment is essential.

The areas that are typically high returns are the kitchen and bathrooms. While the other areas of the house are important, you will get much more bang for your buck with these areas first. Adding on a room is another way to get a good return for your investment. With this remodeling project, you are actually adding square footage to the house, which is what people pay for.

2. Flooring Misconceptions

Many homeowners think that they are adding value to the home by getting laminate or some other form of floor covering. Laminate should only be purchased for personal and performance reasons. It is less likely to scratch than hardwood and is easier to maintain. However, it is not permanently affixed to the foundation like real wood would be. Therefore, it does not add any value to the property.

Spending almost the same amount on laminate as you would on hardwood is not wise. If you plan on selling the house again in the future, you might as well go ahead and get hardwood so you can add value.

3. Not Shopping Around

Many first time homeowners fail to shop around. When you are remodeling, you can do the work yourself or hire the work done. If you do the work yourself, you can save quite a bit of money. However, you might not be qualified for the job and cause a bigger problem by doing it.

When you hire any workers for your home, you should get at least three different quotes. One company might be higher than the others, but if you only check with one company you will never know. You might be paying more than you should. Doing a little homework can save you a lot of money and headaches.

It is equally important to research the reputation of any outside contract workers. Ask for word of mouth recommendations first. If you cannot find any, then check with the Better Business Bureau and other online sites that score contractors. You want to know if they finish jobs, the quality of their work, if they have ever been sued and how long they took to complete a project.