The Big Home Improvement Projects Must Be First, Not Last

Priorities: they are always difficult to work out, and once you’ve got them all together it’s even more difficult to put them in some sort of chronological order. For home owners, figuring out priorities concerning home renovation or improvement can be a major headache, and this sometimes (or rather frequently in many cases) means that projects that need to be taken care of just keep getting pushed back and back. There is one easy way to think about how to prioritize your renovation and improvement projects at home: get the big stuff over and done with first! That’s right: you shouldn’t waste time on little morsels when there’s a main course waiting for you to tend to.

Why should home owners take care of the big projects first, and what exactly do we mean by big projects? To answer the second question first, by ‘big projects’ we’re talking about the projects that will require a greater budget, that will take a longer amount of time to complete, and which actually relate to a crucial and necessary improvement in the home-something functional, not something cosmetic! These projects are the kinds of home improvement projects that actually improve important systems, appliances, or structures within the home: examples would include eliminating humidity or mould problems in the attic or basement; replacing old and drafty window units throughout the home; or even just putting down a new coat of paint on the home’s exterior. As for the issue of tackling these projects first, there is a simple and valid reason for this-other tinier projects are going to have to work around these larger projects, and if you try to reverse this “natural order” to things you are going to find that the results are not much to your liking.

Another reason for getting these big home improvement projects out of the way first is budgeting. It would be terrible to have wasted so much money on trivial, cosmetic improvement projects around your property that by the time you get around to tackling a crucial project, you no longer have any funds left! This is a mistake that many home owners commit, and sooner or later the pretty little improvements are tarnished by the larger issues that are still unattended. Having a sense of seasonal priorities can also be important when determining what project to tackle next at home, as what may be very important during the summer may not be so urgent any longer by the time winter rolls around (though there are projects that are highly effective year-round). So the next time the idea of home renovation comes to mind, don’t make the mistake of fooling around with little, insignificant projects; be brave and start planning the big projects that you’ve been putting off for so long!

Selling Your Home? Home Improvement Projects to Avoid

Many homeowners each year make the mistake of thinking that any home improvement project is a good one in terms of adding value to their home. Unfortunately, this is simply not true. There are some home improvement projects you can take on which will not improve the value of your home in terms of the money you spend on the project and there are even other home improvement projects which can detract from the value of your home. If you think you may sell your home at some point in the future, it is imperative to make sure you know which home improvement projects to tackle and which ones to avoid.

The first thing to keep in mind when considering any home improvement project is that you do not want to outdo the neighbors. While the old adage of keeping up with the Joneses is certainly true to a degree, you do not want to exceed them. A home that is largely out of the price range of its neighbors is usually going to be more difficult to sell than a home that is in keeping with the rest of the neighborhood.

Two of the biggest mistakes you can make on home improvement projects is spending money on highly individualized projects and technological advancements. Avoid spending money on items such as saunas and steam baths. Such improvements might add to the value of your property but if the buyers viewing your home are not interested in these items you may find it more difficult to sell the property.

The same is also true for swimming pools. Many homeowners make the grave mistake of believing that a pool with add to the value and desirability of their home. This is definitely not true. Many buyers, especially those with small children, avoid homes with pools. Even if a buyer does not have small children they may be concerned about the maintenance issues that go along with having a swimming pool. The simple fact is that homes with pools generally tend to take longer to sell than homes that do not have a pool. If you are considering adding a pool to your home make sure you are doing it for the right reasons, because you will enjoy it, and not because you want to improve the value of your home. Otherwise, the addition of a pool should be avoided.

In addition, it is imperative to avoid spending a lot of money on technological advancements which will usually quickly become outdated. This is a waste of money that will usually not net you a large return.

Ideally, it is usually the simplest things which will bring you the highest rate of return in terms of home improvement projects. Simple projects such as ensuring your home has a fresh coat of paint or improving your landscaping can add a lot of value to your home and make it more desirable. Never underestimate the power of curb appeal; particularly in homes that are considered to be luxury properties.

This has become increasingly popular today when more buyers are beginning their property search on the Internet. Statistics indicate that some 80% of buyers actually begin looking for properties online. A photograph is truly worth more than a thousand words in these circumstances. If your home lacks curb appeal this could mean that it will the house that languishes on the market for months while other homes with more curb appeal sell much faster.

There are certainly some areas in which it makes more financial sense to focus your money if you are considering selling your home. Staging is one of them. Studies indicate that homes which have been professionally staged are selling faster and for more money than homes that have not been professionally staged. Luxury homes may even be able to sell for up to 20% more with staging than homes that are not staged.

You should also keep in mind the features that are most popular in homes right now. Kitchens and master bedrooms continue to rank high in importance with most buyers. Buyers are looking for master bedrooms which can serve as sanctuaries and have features such as vaulted ceilings and fireplaces.

The main key is to make sure that regardless of what types of home improvement projects you take on, you do not go too far. There is definitely something to the old cliché ‘too much of a good thing’ and that is certainly true in the case of home improvement projects.

Top 5 First Time Home Buyer Mistakes You Must Avoid

Nothing can be more exciting than buying your very own house for the first time. As a home buyer, the idea of searching for your ideal home can be exhilarating and tiring at the same time. Most home buyers commit mistakes when buying their house. You can avoid being one of them by knowing exactly what these common mistakes are and how to avoid them.

Home Buyer Mistake #1 – Impulse buying

Buying a house can make you very giddy and excited. Many first time home buyers end up being victims of impulse buying since they immediately but the first house they set eyes on without asking more information about it.

Realtors may show you pictures or invite you to open houses. Don’t fall into their traps. You have to be very careful and stop being carried away by the excitement you feel. Be very open-minded and try to consider all your options. Surely, you must consider looking at other probable houses you can buy before settling for the best.

Home Buyer Mistake #2 – Being too picky

It’s imperative that you only want the best home to live in but that doesn’t mean you have to keep on searching and searching for your dream house especially when there are already houses that suit your criteria. Avoid looking too far and too wide since you may not be aware of it but your dream house is right under your nose.

Home Buyer Mistake #3 – Spending beyond your budget

This is a mistake often committed by home buyers who don’t know how to spend their money wisely. A nice big house is very tempting but you shouldn’t spend beyond your limits. It’s useless living in an expensive house where you had to tighten your belt every month just to pay for it. Settle only to what you can afford to pay.

Home Buyer Mistake #4 – Underestimating getting pre-approved

If you want to know whether you can afford a house or not, you should get pre-approved for a mortgage. This can improve your chances on getting the house you want compared to other buyers who failed to be pre-approved. Doing so can also provide you a bird’s eye view of how much you’re going to pay per month.

Home Buyer Mistake #5 – Settling for the first mortgage offer

Many people often regret not asking for second opinions when buying a house. They grab the first mortgage offer that come their way without even analyzing or considering other options. You have to avoid committing the same mistake by doing your own research. It’s pointless spending a lot of money for mortgage payments monthly.

These mistakes are easy to commit if you’re not too careful. Buying a house entails responsibility so keep your eyes open and be vigilant.