There’s a lot of talk about renovations and the best way to handle them. Unfortunately for homeowners, much of the advice out there often contradicts itself. Talk to one contractor, and he might tell you to always expect a reno to cost 10 percent more than you expected; talk to another, and he’ll insist you should never pay a penny more than the initial bid. Navigating these waters can be tricky, so always do your research, follow your gut—and disregard these common renovation beliefs. Because when it comes to upgrading your home, you can’t believe anything you hear.
DIY Is Cheaper Than Hiring A Pro
Generally this is true only if what you’re doing involves tools and materials you can easily access, and the project takes up a minimum amount of your time. Unfortunately, not all DIY projects actually end up this way. If you run into problems, need to buy more or new materials, or worst of all, have to hire a pro to redo everything you’ve done, you’ve just flushed the money you saved down the toilet (and then some).
Renovations Will Always Get You A Good Return On Your Investment
Don’t expect to drop $20k on a bathroom remodel and then make every penny back when you decide to sell. In general, improvements don’t give you a dollar-for-dollar return on investment, but rather a percentage (typically between 50 and 80 percent). That’s why you should always upgrade your home, first and foremost, for you. After all, you’re the one currently living there, so if you think your kitchen’s backsplash could use a refresh, go for it.
You Can DIY Everything
Yes, handy homeowners can tackle many projects on their own—as long as they have a good toolkit and are willing to do some research—but that doesn’t mean they should rewire their house themselves. Projects that involve roofing, a home’s structural elements, and electricity are better left to the pros. Ask yourself this: Have I ever tried this task before, and am I even the slightest bit worried about accomplishing it, or doing harm to myself or the house in the process? If the answer is yes, call in the experts.
Paint Can Hide Anything
Paint does wonders for freshening up a room or disguising minor imperfections. But if your wall has noticeable nicks, mold, or any other kind of damage, it’s a bad idea to try to simply cover it up with a fresh coat. In these cases, fix the problem first, then break out the brush.