Home remodeling projects have grown in popularity over the past few years, with numerous homeowners recognizing the benefits of such ventures. According to Global Market Insights, the home remodeling market was valued at over $340 billion in 2020 and was projected to experience a 4.1% compound annual growth rate (CAGR) between 2021 and 2027. If you have never undertaken such a venture before, the entire process might seem a bit chaotic without proper preparation. Familiarizing yourself with the dos and don’ts of these projects can be a good place to start when looking to undertake a successful renovation venture.
Some of the more common mistakes a first-timer should keep an eye out for include:
Ignoring Building Codes and Permit Requirements
Individuals who would rather approach their renovations as a DIY rather than hire a professional Remodeling Company should be aware of the various rules and regulations guiding their activities. Many renovation activities will require a license before any work can commence, and some projects will have to meet specific codes as underlined by the municipality’s building authority. A failure to comply with these documentation and construction requirements can lead to steep fines and will likely lower the potential return on investment (ROI) enjoyed by the project. It should be noted that these building codes vary from region to region, and can change over the years. Some sections that will require a permit before commencing include plumbing and electrical readjustments, deck-building, and major indoor construction.
Focusing on Aesthetics
Another common mistake inexperienced homeowners tend to make when undertaking their first remodeling project is getting distracted by the final appearance of a space instead of focusing on functionality levels. Transforming your living room and enhancing its hosting capacity, for example, shouldn’t be addressed before a leaky plumbing system. Although the changes in the living room are more noticeable, they hold lesser value in the long run compared to new pipes. Everything in the residence’s operational network including lighting, plumbing, and ventilation should be in great condition before one turns their attention towards improving aesthetics. In some cases, an individual might be able to kill two birds with one stone. Many quality items are provided in an aesthetic format so one can achieve functionality beneath a beautiful background. Installing high-grade porcelain tiles in your bathroom, for instance, is a great way of boosting functionality because of the quality of the material, as well as enhancing aesthetics because of the tile’s appearance as well.
The Complex DIY Approach
The onset of the COVID-19 pandemic led to the rise of DIY projects as many people were stuck in their homes with little else to do. During this time, numerous studies show that DIY ventures soared in popularity as residents looked for different ways to upgrade their surroundings. However, hiring a professional Remodeling Contractor is always advisable when targeting complex objectives that require significant levels of expertise. Aspects such as major electrical or plumbing work should always be left to the professionals, as a mistake in this sector can lead to devastating results if addressed shoddily.
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