A DIY home renovation can cost less than hiring a contractor to do everything. But are you really ready to take this step and pull off this job?
If you think you’re a handyman and enjoy working on projects, this could be a great option for you. However, it takes a significant amount of commitment to take a fixer upper from a disaster zone to a family home.
Whether you are buying a house that needs renovation as an affordable way to create your new family home or you’re flipping a home, you will want to read this important information before you get started.
Be Prepared if You’re Buying a Fixer Upper
When it comes to buying a house that needs renovation, you are very likely to run into some type of issue along the way that will cost more than planned. Additionally, there is likely going to be more work involved than you expected. Therefore, while buying a fixer-upper may be cheaper than purchasing a move-in ready home, you have to be aware of all of the other added costs that could pile up.
Know Which Projects You Shouldn’t DIY
Certain projects are better left to the professionals. This is especially true when it comes to those functional tasks like electrical and wiring. It’s important to understand what tasks you can do on your own, such as painting or changing the doors, and when you should call someone. If you don’t have any experience with plumbing, don’t attempt it on your own. You can only learn so much from YouTube.
Don’t Start Without a Plan
When you’re doing a DIY home renovation, it’s important to make a plan. Figure out what your end goals are and how to get there. Then, list out everything you will need to do along the way. This will also help you schedule everything and create a timeline. Planning is especially important for house flippers. In our experience, people who are doing a DIY home renovation to flip a house always go over budget and always take longer than expected to complete the job.
You Won’t Stay Within Your Budget and Timeline
That brings us to the next point- always expect to go over budget and over time. Even the smallest DIY job may become larger than anticipated. You may think you only need one can of paint. However, you will soon find yourself making a last minute trip to the store to get more. If you are ripping out the deck to build a new one, you may think that it’s a simple task of remove and replace. However, you may soon find some damage under there that requires a complete fix of the entire foundation.
Gather Your Crew
You may know how to install tile or put up drywall by yourself, but it doesn’t mean you should do all of those things alone. The more people you work with, the more likely you’ll be able to stick to your timeline and make things easier for yourself. However, you should always remember that your family and friends are here to help you. Make sure to show your appreciation along the way.