by Liz Jones | July 2, 2018 7:25 pm
Check out more posts from Jen McCann, Realtor
By Guest Author Greg Davidson, Licensed Mortgage Originator
A home renovation project can be an exciting experience to make your home feel more like your own. However, diving headfirst into any home improvement project without properly preparing can result in some costly mishaps. Follow these tips to avoid some common mistakes with your renovation:
Don’t Skimp on Materials
If you’re looking to cut costs in your renovation project, materials are usually not the area to do it. In most cases, it’s better to pay more for quality, so you don’t end up making repairs down the road.
When it comes to measuring for anything in a renovation project, even an inch or a half-inch can make all the difference. Ensure your measurements are fully accurate before you make any purchases or permanent changes that depend on them.
Don’t Underestimate the Budget
Surprises are inevitable in any home improvement project. A good rule of thumb is to set aside at least 15% of the total project cost to ensure that you don’t end up drowning financially should a problem arise.
Remember a Home’s Long-Term Needs
Don’t let what you want right now overshadow what is needed for the home’s future. When making renovations, keep in mind children, aging family members, pets, and the potential resale of your home.
Prepare Before Tearing Down Walls
If your renovation involves tearing down walls, keep in mind that it’s possible there is something behind them. Altering any structural elements, pipes or electrical utilities can be expensive, so make sure you understand what you are getting into.
For more information on avoiding home remodeling mistakes (including permits), click here.
If you are interested in making improvements to your current home or purchasing a home that will need renovations, Fairway has financing options to help you bundle those costs with your home mortgage loan or refinance. Call me today to learn more.
Greg Davidson is a seasoned Mortgage Originator based in Sterling, VA. He is a part of the Fairway team, serving clients throughout Loudoun County and Northern Virginia, as well as the Commonwealth of Virginia and the state of Maryland.
In the field since 1999, Greg is a past recipient of the Dulles Area Association of Realtors (DAAR) “Affiliate of the Year” award and is a state-certified instructor for Real Estate Finance for Realtors and the Virginia Real Estate Brokers’ Finance course. In addition to his work experience, Greg has served in a variety of leadership capacities for both DAAR and Loudoun Habitat for Humanity, continuing to support both today. Greg has both a personal and professional commitment to helping people fulfill their home finance goals.
Connect with Greg Davidson by calling (703) 929-5255 or clicking.
Source URL: http://dullesmoms.com/home-renovation-mistakes-to-avoid/
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