The 8 biggest mistakes people make when remodeling their homes, according to real estate agents
Remodeling a home can be worthwhile if planned correctly.
- Americans are spending less on home renovations than they were at this time last year.
- Without proper planning, you can easily exceed your remodeling budget or projected schedule.
- Business Insider tapped real estate professionals to learn the biggest mistakes that will cost you time and money.
- Visit Business Insider's homepage for more stories.
As home sales and new home builds decline around the country, Americans are less inclined to invest in remodeling projects than they were a year ago.
And it's no wonder - remodeling isn't cheap. The average kitchen remodel
, for example, will set you back $20,500. It may not make sense to spend the money if you can't recoup it down the road.Advertisement
Read more: Here's how much it'll cost to renovate each room in your home
To help you maximize every dollar and hour during your upcoming renovation, we asked real estate agents to share the biggest mistakes that cost homeowners make when remodeling.
Here's what they had to say.
They add too many fixtures and not enough livable space.
Or they add too many custom features that might not appeal to future buyers.Advertisement
Agents say that working with an unlicensed contractor can cost you a lot of money in the long run.
And so can going the DIY route.Advertisement
Another huge mistake is doing you remodeling out of order.
And making major structural changes to your home rarely pays for itself.Advertisement
But overlooking necessary fixes and focusing on cosmetic repairs could also backfire.
And plan for surprises by adding some cushion to your budget.Advertisement