Before you start any home improvement project you need to decide if the goal is just for your own personal tastes or are you trying to add value to the property. Believe me, at times these two clash! Most people have a sense of their own style, just not if that style appeals to the masses. If you are going to live in the property for the remainder of your life you can get away with more personal ideas’ i.e. loud colored walls, shag carpet, and the like. But remember, life changes can cause you or a family member to have to sell your home and it would still be to your advantage to be more closer to the mainstream in your home improvements.
Make a budget and stick to it as well. Hiring a licensed, professional contractor now may be cheaper then having them come in and re-do work you tried to do on your own. If you are looking to live in the home for 10 years or less it is probably a good idea to stay more within the mainstream of design so when you sell it you will appeal to more buyers and that will usually result in a higher offer for your property.
Be honest with yourself. Should you be doing the paint color choices? Flooring selection? Room design? Ask someone that you trust and also get assistance from the people at the big box home improvement stores as they have access to allow you to view potential changes before you make them to your residence. Also, having a design professional come into your home to give you suggestions to your proposed changes is usually worthwhile. To make sure your home improvement project has value have a real estate professional come in and give you the latest information on what improvement is bringing more in market return
Remember, there are tax credits for various improvements as well so that information needs to be at you fingertips from a tax specialist before a final decision on the project choice is made. Until next time, “keep your tool belt on”. NEXT: Home Improvment Lesson #2-“Cost vs Value”