Don’t Make These Mistakes When Renovating Your Home for Resale
Renovating your home comes with many faced challenges. Because a lot of money goes into home projects, you need to make sure that you avoid all common renovation pitfalls.
Here are common mistakes home owners have made when renovating their home for resale:
Ignoring important building regulations
South Africa’s National Building Regulations are especially put in place to ensure the safety of buildings across the country. Cutting corners on the regulations may reduce renovation costs; however, you may face financial ramifications when you try resell your property. Common ‘cheap’ practises include:
- Using unlicensed contractors or salespeople’s products or services
- Purchasing inferior fittings, appliances or products
- Not hiring qualified contractors that supply high quality products and materials that meet standard building requirements
You may also want to read Are You Compliant? We Are The Best In Balustrading Solutions, And We Can Prove It!
Not paying attention to market trends
Save time and money by renovating your house to meet the desires of your target market from the get go. Renovating your home in accordance with market trends will increase the chances of reselling your house faster and for more money.
Do some research to find out what it is that people are looking for when purchasing a house; also look around at the houses that are being sold for a decent price in your area to get an idea of what buyers are wanting. Here are a few tips to remember when it comes to market trends:
- Improve value adding areas of your home, such as your kitchen and bathroom
- View paint colour forecasts to make sure that you use popular, desired paint colours when you repaint your home
Over-personalising your home
Putting your heart and soul into customising your home to be unique can be very rewarding; however, if you’re planning on reselling your home, you may want to avoid personalising your home too much as this is a big deterrent for buyers.
Instead of making your home very unique, speak to an architect or interior designer to find out popular home renovation options that will improve the value of your home.
Adding another bedroom to your home
You may lose money if you add another bedroom due to inspections, architect fees and planning approvals. There are other ways to make your home feel more spacious, including:
- Adding bigger doors and windows to your home
- Creating an open plan kitchen
Not upgrading your kitchen
Make sure your important rooms are upgraded first, namely your kitchen and living room. These are spaces where most of your time is spend and most visitors see first; therefore, you should make improvements, for example: install new kitchen cabinets if the existing ones are tacky, fix all faucets and add a fresh coat of paint to the walls.