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5 Things You Didn’t Know About Home Renovations

From: Zillow Porchlight

Ready to remodel? Add these facts to your toolkit first.

Home renovations are so shiny and attractive on the surface that it’s hard to imagine the ways they can go terribly wrong. But before you can enjoy the finished result, you’re likely to hit a few bumps in the road.

Here are five things you may not know about home renovations. They just might help you make decisions that keep you from regretting your DIY efforts.

You may need a permit (and getting one will take time and effort)

Every town has its own rules, but most major work (such as taking down walls, installing fences, updating plumbing and electrical systems, and cutting in new doors and windows) will require a permit.

With certain permits come the even-more-exciting inspections process. If you’re DIYing, it can take quite a bit of research to figure out exactly what permits you need and how to go about getting them. Hiring a contractor can take some of the sting out of the process.

Depending on your town, the rules may still require the homeowner, not the contractor, to obtain the permit, but a pro will be more familiar with the system and can help steer you in the right direction.

Improvements may not pay off

Most homeowners think they are instantly adding to their home’s resale value by upgrading and remodeling. But out-pricing the market with fancy interiors is going to cost when they try to sell their home.

For better chances of recouping your costs, stick with the going range of the neighborhood. Certain home improvements are almost guaranteed to bring a good return-on-investment when selling a home. These include updating bathrooms and kitchens, which are always important to buyers.

You might also consider finishing the basement and adding a bathroom. Neutral finishes and standard appliances are your best bet for resale value.

Read more here.

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