Renovating your home is an increasingly popular alternative to selling up and moving on. If you love your home, its location and the memories you have created there, why move? You have a choice: either sell your home and buy a new one, or invest your money in the home you already have. This option means less housing market stress, avoids you taking out another mortgage, and means you get to stay in the place you and your family love the most. But are there any downsides to a home renovation?
In short: yes, there are downsides. Like any major upheaval, renovating your house can be very stressful, and things can go wrong at unexpected times. Read on to find out four major factors you should consider before renovating your home.
1. Moving Out Short-Term
Depending on the size of the renovation you are undergoing, it can be disruptive to your daily life for quite some time. You may even need to move into temporary accommodation in order to complete a large scale renovation. This can be both expensive and create quite an upheaval for you and your family. Particularly if you have pets or small children, finding suitable accommodation in which to stay while your house is undergoing renovation can be hard. You will need to find a place to rent which is nearby your house, in order that you can visit and check in on the progress of the work. In addition, your furniture may need to be placed into storage while the building work is going on.
While this sounds like a total nightmare scenario, it doesn’t have to be. Often, moving out for a few months to a year while your house is being renovated allows the work to happen faster, without you and the family being in the way. In addition, it means your daily routines of cooking, cleaning and family time are not impeded by dust, scaffolding or tools lying around.
2. Health and Safety
Having major renovation work done on your home means increased health and safety measures being implemented into your household. Especially in the era of COVID-19, having construction workers and contractors in your space means strict social distancing, hand washing and face coverings should be in place. But coronavirus is not the only risk that a renovation poses.
If you have small children or pets such as a dog or cat, a renovation happening under your roof can be quite a hazard. Excessive dust, tools and heavy equipment or even a loose nail or screw can be very dangerous for a child or animal. This means that if you are considering a renovation with small kids or pets, make sure you organise your space in order to protect them from dangerous accidents involving building equipment. This modification to your daily routine can be a challenge, and means your little ones will need constant supervision while the building work is underway!
3. Can You DIY It?
Who doesn’t love a bit of DIY? Painting in your overalls, saving your hard-earned cash, and making your own little slice of heaven inside your home. DIY, if you can get the hang of it, is a cheaper option which can yield similar results to hiring a professional. Sometimes. This all depends on your building, painting and decorating skills, and the amount of time you have to complete the work. DIY is a fantastic option if you don’t have the budget for a team of contractors and builders. Or is it?
For many people, it seems the concept of DIY is more fun than the actual execution. Once you get started, it can be hard to climb out of the giant DIY hole you have dug for yourself. The projects get put off, other life events get in the way, and you can wind up living in a half-renovated house for years.
In short, the execution of a DIY project is not to be underestimated. It is work, and shouldn’t be treated as a fun leisure project, or it will never get finished. There are also some elements of renovation which should only be done by a professional. No matter where you live in the world, or how good your DIY skills are, you should leave dangerous aspects such as electrical services and knocking down walls to the pros.
4. Time Is Of The Essence
If you want a quick-fix renovation like something from the TV show 60 Minute Makeover, you will be sorely disappointed. Major renovations can take a year or more to complete. Undertaking a project like a total home renovation will be worth it in the end, but do not underestimate the length of time for which you will be living in discomfort and potential disarray. You need to prepare for the worst case scenarios, just in case.
What are the worst case scenarios for a home renovation? Things can go wrong at every turn. Your contractor may not have predicted a certain logistical problem in refitting your kitchen, or perhaps there is a storm which damages the building work, or perhaps one of your suppliers does not come through on time. All of these things need to be prepared for, which means you, the homeowner, need to be aware that you may spend more time on this renovation than you originally hoped. Getting your hopes up about a quick turnaround might leave you feeling disappointed when the time comes.
You love your home and don’t want to leave it – but it does need a re-do. Renovating your home adds value to it, which means you will be rewarded financially for your investment down the line. In addition, you get that new-home feeling, without the stress of actually moving. Renovations are a great compromise between moving somewhere new and staying in a dated home; just watch out for those downsides. Be prepared and do your research, and away you go!