Don’t Renovate Your Home for These Reasons

Here are the three worst reasons to make big changes to your home.

Renovating your home is exciting, but it can also be hectic. You have a lot of decisions to make, and figuring out what’s appropriate for you is harder than it looks. We want to make sure you’re renovating for the right reasons, so today we want to discuss the three worst reasons for you to renovate your home: 

1. Keeping up with the Joneses. Just because your neighbor made a big renovation doesn’t mean you have to as well. Your situation is likely different from theirs, and a great addition to their home could just be a pain for yours. On top of that, once you start the renovation arms race, it’s hard to stop. You don’t want to find yourself in a cycle of constantly renovating your home to outdo your neighbors. Don’t get caught up in jealousy; focus on making improvements that are right for you.

2. Overestimating your return on investment. Unfortunately, there are no guarantees you’ll get 100% back when you renovate your home. Instead of focusing on ROI, focus on your lifestyle. You will spend a lot of money when you renovate, so make sure you’re actually improving your life and making a change that will make you happier. You will probably get some ROI out of your renovations, but don’t expect them to pay for themselves.

"Don’t get caught up in jealousy; focus on making improvements that are right for you."

3. Fixing a short-term need. Don’t make a permanent change for a temporary problem. Let’s say you have a toddler, but you don’t have a place to put all their toys. Adding a new room would surely help, but once your child grows up, what are you going to do with the extra space? It will require heating, cooling, and cleaning, and it could just sit there eating away at your wallet. This is why you should consider other, temporary solutions when facing a temporary problem. 

Hopefully, these three bad reasons to renovate your home gave you a better idea of when renovating will be right for you. If you have any questions about today’s topic, please call or email us. We are always willing to help.

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