The benefits of home remodeling or renovation are undeniable. Such a project allows you to customize the function of your home based on your needs and lifestyle. It enables you to express your aesthetic taste. And in the long run, it will help increase your property value. However, these benefits can only be enjoyed when the renovation is done right.
Many homeowners make the mistake of rushing their renovation project. But just like in other things, this takes time. Others choose to renovate to show off despite their homes being in great shape. Delaying renovation may be counterintuitive, but there are some logical reasons for it.
Below are some reasons you may want to put off this project. And who knows, your decision to delay may save from unnecessary remorse:
You have other financial obligations to take care of
One clear sign that you should delay renovation is the fact that you are dealing with a handful of financial obligations. Your kids are in schooling. You are still in the process of paying your home’s best mortgage rate. And you’ve just got a new car. Or maybe, you’re paying off credit card debts. Settling these bills will be much more difficult when another responsibility comes in. Reconsider things and find the right time for your renovation project. Setting your priorities straight will keep you from troubles in the long run.
The design is unnecessarily unique
You may be planning to design your exteriors that will look like a Harry Potter castle. Or maybe, you are planning to make it look like a pineapple house a la SpongeBob SquarePants’ home. There should be no problem with this if you are going to live in it forever. After all, you are free to design your home. But this may be the wrong move, especially if you are looking to resell the house in the next few years. Quirky homes are quite challenging to sell. And you may end up selling it at a much lower price to get rid of it.
It’s not the right time
In real estate, timing is everything — from the point that you have bought the house to the point where you will have to renovate it. The right time may even help you save a lot of money. For instance, you want to save money for indoor repairs and remodeling. Winter may be the best time, as many contractors are finding clients at a time when most homeowners are not keen on having renovations.
You’re doing things on your own
Maybe you’re thinking of renovating your home on your own — as in everything will be a DIY project. That is a bad idea that you should lock away. If you are doing it to save, think twice. You may end up causing more damage and expensive mistakes. Take your time to save up for a contractor.
Decide carefully
In the end, the decision will be yours. But it is always sensible to take some time to consider things and weigh the pros and cons. That way, you will save yourself from wasting money and experiencing regret.
