When it comes to property investing and property development, renovations play a major role. In some cases, buyers purposefully choose fixer-upper properties to develop or they choose properties and make renovations to improve their value in the long run. In any case, there are some buyers who wish to take the DIY approach to renovations.
We, at Capital Wealth Property decided to break down why it may not be the best idea!
It’s going to be messy!
Professional builders know how to contain a mess while they are working on a renovation project. DIY projects can get messier as your family is going to be tracking dust and bits of construction material everywhere. No matter what precautions you take, your entire house is likely to be covered in a film of dust. The worst part is, since you are working around your job and other work, the job is going to take much longer while your home gets messier and messier.
It’s going to be time consuming
Once again, unless the DIY renovation project is your only task at hand, the project is going to take longer than it would at the hands of a contractor. In addition, you may come across many instances where your skills are not adequate for the job and you need to work harder and longer. These all cause delays.
It’s an emotional journey
DIY builders will experience a wide range of emotions while completing their project. Some of the most notable emotions will include frustration, shock and panic. Nevertheless, at the end of the project, once everything is completed and cleaned, you may feel absolute elation! What you really need to think about is whether that feeling alone is worth all the trouble you are going to experience along the way.
It might end up costing more
Unless you are an expert builder yourself, your DIY renovation project may end up costing you more. For instance, you may make mistakes, have problems obtaining cheap materials and need to rent or buy tools. All of these will cost you money. If you do a comparison, it might even cost you more money than you would have spent on a professional builder.
DIY home improvement and renovation can be extremely fulfilling experiences once they are completed. If you do it right, you may save money and end up doing a beautiful job. Nevertheless, many financial advisors and real estate experts agree that DIY renovations are attempted by home owners who are certain of their building skills. If you think the trouble is not worth it, you can always seek out a quality contractor to do the job!