3 Common Renovation Myths, Busted

Considering that 80% of homeowners said they had upcoming plans for home improvement projects, it’s no surprise that many Louisville design build remodelers are keeping busy. However, some homeowners may be inclined to steer clear of home renovations due to misconceptions about the process. Even if their homes are in dire need of remodeling, they might need a better understanding of the renovation process to avoid misplaced fear and misunderstandings.

In today’s post, we’re hoping to clear up some of those misunderstandings. Below, you’ll find three of the most common renovation myths — and why you shouldn’t believe them.

MYTH: Return on Investment (ROI) Should Be Your Top Consideration

When some homeowners meet with Louisville design build remodelers, the main subject of conversation involves the ROI of a given project. While you do want your renovation to provide a positive return on investment, the ROI of a remodeling job is far from the only factor you’ll need to consider.

In fact, there’s at least one thing that’s just as important than how much you’d stand to make back when selling your home: how the renovation will improve your life. What you and your family will stand to gain from the renovation — more storage, more room to move around, and overall improved functionality — is an important consideration when deciding on a renovation project.

Unless you plan to sell your home within the next year or so, ROI really is relative to the health of the real estate market and consumer trends. Don’t base a remodeling decision solely on ROI; instead, consider how your family will personally benefit from the completed project. Although a finished basement has a relatively high ROI, your family may stand to gain more from kitchen renovations or a bedroom addition. Always put your family’s needs first when you talk to Louisville design build remodelers to ensure the project adds to your quality of life.

MYTH: You Don’t Need Permission to Renovate Your Own Home

A lot of people believe that if you’re remodeling your own property (especially if you’re sticking to internal improvements), you don’t need to obtain permission from anyone. But that may not be totally true. If you’re doing expansive bathroom renovations that require you to move plumbing fixtures or you’re interested in putting an addition on your house, you may need to obtain permit approval to move forward with your plans. In addition, those who live in HOA-governed neighborhoods may need to obtain permission from the association for certain renovations.

If you fail to obtain the renovation permits and permissions you need, you could face hefty fines or be forced to redo all of the work. A professional contractor will ensure all those details are taken care of.

MYTH: Remodeling Projects Will Always Take Longer Than Anticipated

It’s certainly true that hidden problems can come to the surface during a renovation, which can sometimes result in delays. There may also be a lot of moving parts with any renovation — and that can take time to coordinate.

However, there’s nothing that says a remodeling project has to take a long time. If you create a plan with your contractor and stick to that plan as closely as possible, the renovation should be completed within the estimated timeframe. Be sure to research remodeling contractors thoroughly and get a few different estimates (including estimates about the length of the project). This will give you a clearer idea of what you can expect with your renovation and give you time to plan ahead.

Now that you are more aware of the challenges of home remodeling projects, you can feel confident in moving forward with your home remodeling contractor on your next project. For more information, please contact Bailey Remodeling today.