Avoid 3 Mistakes When Renovating Your Home
Owners and residents must know how to care for and improve their homes for investment. If the house needs to be renovated, they also need to know some mistakes that must be avoided during repairs. It aims to ensure that the house can later be easily leased at a price that is reasonable according to the market in the area where the house is located. According to the founder of the house renovation consultant, Mamy Home, Amin Yusoff, there are three mistakes that homeowners often make when repairing their homes. These mistakes make them have to bear considerable costs and cannot rent or sell their property quickly and easily. The first mistake is that homeowners spend too much money so that it exceeds the limit, even though the house was built for investment.
“Homeowners spend more money than they should when renovating homes intended for investment,” Amin Yusoff said, as reported by the New Straits Times on Sunday (08/08/2018). He said, unlike a house that is made to be inhabited on its own, houses for investment must be renovated according to certain market segments. The second mistake is the owner renovating the house according to his own taste, not seeing the wishes of people in general. “Renovations are often carried out according to the needs and preferences of homeowners so that those who want to buy or rent must change the design, which in turn will burden the homeowner,” Amin said. The third mistake is the homeowner changes his mind about what kind of renovation plan will be implemented in his house. “The change of mind at the last minute made the owner spend more time, energy and costs from the initial plan,” he said.
The return on investment in the house will take longer if the owner spends too much time in planning and renovation. “Therefore, homeowners must focus on minimizing costs. However, at the same time, there are significant changes after the renovation,” he added.