Home renovation is an expensive project that should not be approached casually. There are critical things that you need to consider before starting a renovation project. Some of these facts are not so obvious and may cost you if you overlook them.

6 Facts You Didn’t Know About Home Renovations

Although home improvement or renovation is not an easy task, it is more thrilling and fulfilling, especially when the outcome is what you had envisioned. You can decide to renovate or remodel your house for several reasons, including improving visual appeal, making more space for your family, or increasing your home’s resale value. 

The excitement and anxiety that come with the thought of home renovation may cause you not to give much thought to the task ahead of you and tools to use, including the best circular saw. Knowing what to expect with home renovations before you start will help bring out the best home for you.

1. Your Home Won’t Be Perfect

Although one of the main reasons for a home renovation is to improve its financial and esthetic value, you will likely not get it 100%. And this is true for remodeling or improvement of other things. It would help if you sat down to think of how you want the renovation done and everything that comes with the task, including change of home design. You are always sure that you will have a perfect home at the end of the exercise, but that might not always be the case. 

2. Forget About the Deadlines

Another common setback to home improvement is the deadline. When you are planning for a renovation, you are often focused and strict on timelines. While it is essential to set deadlines for the various renovation works, it would help to be flexible. Remember, you will be making decisions as the work progresses. Some of these decisions may take time because they involve money. 

Sometimes, it may take time for items to be delivered on-site, while there may be emergencies to attend to at other times. Don’t overthink about deadlines.

3. You May Spend More Than Your Budget

Here is another not so exciting fact about home improvement: you might spend more than your budget. There might be unexpected expenditures, and the cost of some items you budgeted for might likely rise. Sometimes, renovation projects cost more per square foot than new construction work because labor charges or cost of supplies increase. For instance, you have to pay workers to tear out old fixes before installing new home furnishings while at the same time a natural disaster hits, causing the price of lumber to sky-rocket.

Always add in at least 10% on top of your budget for a cushion.

4. Be Prepared for Advice, Both Good and Bad

When you share with your family and friends about your intention to remodel your home, they will likely be ready to give plenty of advice regarding your renovation. After all, what are family and friends for? However, as they share their opinions with you, you need to think through them and only pick what can help in your situation. Be particularly careful about ideas on home essentials to include in your renovation. Do not take up every thought that comes your way. It might cost you a great deal.

5. Renovate One Room at a Time

You feel the need to renovate the entire house, but you do not have enough money and support for the project. If you are on a budget, you can renovate one room at a time. You are not alone with this, though; 31% of home renovators remodel a single room at a time because of tight budgets and restrictions.

6. You Could Qualify for Home Renovation Insurance

Home improvement and renovation can be expensive, especially if you have other demanding projects on the side. However, you can make the burden lighter by going for home insurance. Besides home protection, you can also purchase home renovation insurance to cover your remodeling projects. You only need to ensure that your policy provides sufficient coverage for the renovations.

Conclusion

Whether you want to improve your home resale value or visual appearance, you need to think through the renovation project before embarking on it. This will save you time and money and ensure that you get what you desire. However, during planning, you may overlook some critical ideas and details that may cost you in the end. 

Do you have other home improvement tips? Please let us know below.