Lifestyle

5 facts about home remodeling no one likes talking about

Written by

Jonathan McFadden

Posted

March 10, 2020

Thanks to the magic that is TV, ripping out your floors, tearing up your walls and demolishing your kitchen or bathroom has never looked like so much fun.

But just because TV home renovations are glitzy, glamorous and finished in about 45 minutes (not counting commercials), it doesn’t mean yours will work out that way in real life (spoiler alert: it definitely will not work out that way in real life).

Before you hire a team of twins to transform your fixer-upper into a dream home, take a look at these five facts about remodeling you may not hear often because no one really likes talking about them.

It’s expensive

Turning your home into a literal construction zone takes a lot of time and a bunch of money – about $46,000 on average, according to HomeAdvisor. Because of size, materials and structural repairs, certain rooms cost more than others (for instance, your master bedroom versus the more complicated kitchen, which includes pipes, appliances and things that can catch on fire).

That’s why most homeowners tackle home remodeling projects one room at a time, over several years. Still, paying for a home renovation doesn’t have to hurt your wallet. Shop and compare home improvement loans with LendingTree to find affordable funding that will let you add some razzle-dazzle to your home.

It can be exhausting and inconvenient 

Remodeling your home is a marathon, not a sprint. You want to do the job right (ideally, the first time). Unfortunately, that doesn’t always happen. There are horror stories aplenty of homeowners hiring contractors who rip them off or create more problems than solutions. Going back and forth with contractors can be emotionally and physically draining, especially if projects exceed expected timelines or the work happening in your home creates a gigantic mess you can’t stand to look at day to day.

Plus, remodeling brings constant disruptions to your home life and daily routine — a situation that can be seriously inconvenient if you have young children. Before you start renovating, make a plan for how you’ll maneuver in and around your home, or whether you’ll need to plan a short-term stay with nearby friends or family.

You may have to adjust your plan

Not everything will go according to your home renovation plan. Once you start tearing things apart, you may run into some unexpected obstacles and find some unexpected (and costly) surprises, like water damage or bad wiring. Those kinds of revelations will force you to adapt and make some quick in-the-moment decisions. Be prepared for when things don’t go as smoothly as you’d hoped.

You can seriously affect your resale value

Any updates or additions you make to your home have serious consequences (good or bad) for your resale value. Even if you didn’t move into your home with plans to sell it, a new job, new kids or a family emergency could motivate you to put your home on the market. Installing a hot tub in your bedroom, adding a skylight to your den or covering your dining room with flower and fauna wallpaper could repulse buyers unwilling to sink more money than necessary into a home they’re already paying for.

While certain features can increase your home’s value (like adding a backyard shed or turning a spare bedroom into a home office), others can do the exact opposite (like textured ceilings or a sunroom).

It probably won’t be perfect, and that’s OK

Few people decide to remodel their home just for the heck of it. If you’re going to spend the money and take the time for a renovation, you want to ensure what you envision becomes reality.

Here’s the thing: once you get going, you’ll realize home improvement isn’t an exact science. Mistakes happen. Things will go wrong. Work will start and you may realize your ideas weren’t that realistic at all. You could even run out of money. The best way forward is to embrace the fact you may need to make some concessions to achieve the results that matter most to you.

Now what?

So yeah, renovating your home takes longer and involves a lot more than what’s on TV. That doesn’t mean you can’t take inspiration from the small screen. And unlike what you see in the big reveal at the end of a home makeover show, you’ll actually get to live in the home of your dreams instead of watching other people do it.