I read the occasional article about which home renovation will get a home owner the most return on their investment. For example, an updated kitchen or bathroom are the biggest items that will improve the value of your home and help with a sale. I haven’t read anything about what home owners regret doing themselves the most until today. Here’s what I found out.
Based on an article in an on-line Real Estate Technology website, authored by Zillow, in November of 2015, 53% of home owners who renovated their own home by adding or expanding a room regretted doing it themselves. 42% of homeowners who added or expanded a room in their own home went over budget, while just 32% of homeowners who hired a professional to do this went over budget.
Also worth noting in this article: 48% of homeowners who refinished their basement or attic regretted doing it themselves and would have preferred hiring a professional. Similarly, 42% of people who did their own hardwood floors, 37% who retiled a floor or shower, 37% who replaced backsplash in their kitchen, and 35% who did their own deck all regretted it and wished they had hired a professional. Most of them also ended up going OVER BUDGET!
What it tells me is that consumers are trying to save a few dollars by watching videos and reading instruction manuals about how to do these very important home improvements. John and I often see the end result of these DIY projects and it’s sometimes very hard to explain to people that if they had invested a little more money into hiring a professional they would now be able to showcase a top quality home for sale. Instead, we have to discount the home to allow for the less than professional workmanship, and this hurts the homeowner in the long run.
John and I have access to professionals who pride themselves on getting the job done right. If you’re thinking about a renovation, whether it’s a little job or a big project, just let us know. We’d be happy to refer you to people who will make it all worthwhile in the long run.
You can reach John Weber at John@JohnWeberTeam.com or by cell at 705-727-6111. You can reach Christie Bond at Christie@JohnWeberTeam.com or by cell at 705-220-1152.