Top three mistakes homeowners make when remodeling

Most home remodels go over budget. It’s a fact of life. In a worst case scenario, money runs out mid-project and you’re left living in a construction zone. Even if you are able to borrow some more money and get the project finished, your finances can be strained for months or even years afterwards. To avoid this kind of situation happening to you, here are the three biggest mistakes that homeowners make.

Changing your mind after work has begun

One of the things that can cause a home remodeling budget to spiral out of control is when the homeowner keeps changing their mind throughout the course of the project. To avoid this happening to you, you should carefully plan out every aspect of the project in excruciating detail. Not only will this help you to create an accurate and realistic budget, but it will make it less likely that you’ll need to change your mind during the project. Know what you want before the work starts and stick to it.

Hiring a contractor that isn’t licensed or insured

A home remodel can be financially straining and many homeowners try to stretch their budget by hiring the cheapest labor they can find. But if the contractors that are coming in aren’t licensed and insured, they’re going to cost you way more money than they’re going to save you. That’s because real professionals are going to have to end up coming in anyways to fix the shoddy work that non-licensed contractors already did. Better to pay a little more up front for real professionals.

Not getting a pre-inspection

In nearly every home remodel, there are unforeseen problems that add to the cost of the project. Maybe there was some hidden mold or some unaddressed electrical problems that aren’t discovered until a wall comes down. A pre-inspection can reveal some of these kinds of problems in advance so you can create a more realistic budget. It’s also a good idea to set aside more than the project is expected to cost as a contingency.

Source: Life Hacker

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