*This is a collaborative post
Thinking you can do it all yourself
DIY or do it yourself is very popular in home improvement circles, and it can be a tempting solution to the High costs involved with this kind of work. However, it can be a major pitfall to think that you can do every single home improvement job that presents itself. After all, there are entire Industries dedicated to completing electrical, plumbing, carpentry, plastering and construction tasks.
With that in mind, if there is a specialised expert who can do your task, it's well worth considering employing them to complete it. Yes, it may cost you a little more in the initial outlay, but it will save you in terms of time and hassle and will probably ensure the task is done well the first time and so saving money in the long run.
Painting the kids' rooms bright colours
Another major pitfall of home improvement, especially for those who have young children, is painting their rooms in very bright or loud colours. Of course, bright, colourful kids' rooms can look amazing and be wonderfully stimulating places for little ones to spend their time. However, they can become problematic when you're told to grow up, or it's time to sell your property. This is because very bright colours such as red, royal blue, yellow, and green can be incredibly difficult to cover with more neutral options. They can also put off potential buyers, as the hassle of repainting them can be too much.
Choosing the wrong financing option
It's also important that you avoid choosing the wrong financing option when it comes to paying for home improvements in your property. This is because home improvements can be expensive, and the wrong finance option can add a huge amount to this already high cost.
That is why it's well worth considering options like the Squared Money for secured home improvement loans that are on offer. The great thing about these is that because they are secured against your home, they offer low interest rates, which means you end up paying back less money overall for your home improvements.
Forgetting to do a cost/benefit calculation
Last of all, when it comes to home improvements, you will need to make sure that you do a proper cost vs benefit calculation. This is because not all home improvements will add the same amount of value to your property. What this means is you are best to choose the ones that not only improve your own family's life but will increase the price you can ask when you come to sell your home. Of course, it is important to remember that the calculation will depend not only on the value of the benefit but also on the cost of the work that is being done.
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