Homeowners who are thinking of listing their luxury or oceanfront property in the new year should consider which home improvement projects need to be made prior to placing their house on the market. Certain home improvement projects, such as renovated kitchens and bathrooms, are known for boosting property value while other projects, such as sprucing up the landscaping or finishing a basement, are better for improving the ability to market a home.
Regardless of the home improvement project that an individual has planned, it's important to consider whether to hire a professional contractor to complete the job or select the more affordable DIY option.
Home Improvement Projects to DIY
Nearly any home improvement project can become a DIY project, but it's important for a homeowner to consider the type of project they are taking on before they start it. Handy homeowners who have significant experience working around the house are often more likely to take on a DIY project, because it is often a more affordable option. However, a DIY project can take more time and sometimes can result in unexpected complications.
Things to consider before taking on a DIY home improvement project include:
- The homeowner's skill set and whether they can complete the project correctly.
- The homeowner's availability and whether they can complete the project in a timely manner.
- The need for permits and licenses to complete the project.
- The homeowner's resources and whether they have the tools and materials available to complete the project.
Homeowners who want to complete a DIY home improvement project prior to selling their home will want to make sure the work is done correctly and to the standards of buyers in the area. If it is not done well, it will be more of a detraction to buyers than a benefit.
When It's Best to Hire a Contractor
Homeowners who want to significantly boost their property value may find it best to hire a professional contractor to complete the job, particularly if the home improvement project is extensive and complicated. Professional contractors know when it is required to get a permit or a license for a specific job, which will be necessary to prove when selling the home.
In addition, these contractors have access to the resources needed to complete the job in a timely manner. In some cases, it is simply best to rely on the expertise of a professional.
Home improvement projects that generally require a contractor include:
- Extensive electrical work.
- Complete renovations of major rooms, such as kitchens and bathrooms.
- Installing new plumbing or replacing existing plumbing.
- Replacing or adding new concrete.
Homeowners who opt to hire a contractor for their home improvement project should collect at least three different bids for the project they are considering. It's imperative to hire a contractor who is licensed and insured, and who can provide references of satisfied customers they have worked with in the past.
Property owners who want to improve their Lakewood homes in order to list them on the local market should contact an experienced real estate agent to help them decide the best course of action. Professional agents recognize which home improvement projects are in demand for specific property types in the local real estate market, and they can provide recommendations as well as guidance for completing the chosen project.
To find out more information about DIY home improvement projects and contractors that can help with more significant improvements, contact a real estate agent today.
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