{"id":13341,"date":"2019-08-18T15:15:37","date_gmt":"2019-08-18T22:15:37","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=13341"},"modified":"2019-08-15T12:14:09","modified_gmt":"2019-08-15T19:14:09","slug":"dont-waste-the-money-on-these-renovation-projects-for-potential-homebuyers","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2019\/08\/dont-waste-the-money-on-these-renovation-projects-for-potential-homebuyers\/","title":{"rendered":"Don\u2019t Waste the Money on These Renovation Projects for Potential Homebuyers"},"content":{"rendered":"<p style=\"text-align: justify;\">When you\u2019re thinking of renovating a home, it\u2019s easy to go overboard and perhaps waste your money on projects that don\u2019t have a significant return on investment. Aside from the ROI factor, some partial renovations may actually leave your home in worse shape. This is a particular concern when you buy an older home. Knowing where to draw the line with a fixer-upper can be a battle between your budget and your heartstrings.<\/p>\n<p style=\"text-align: justify;\">Whether you have an older home or a relatively new house that you want to change, sometimes you need to reconsider some of your reno ideas. Below are a few examples that could waste your money.<\/p>\n<p style=\"text-align: justify;\"><strong>Knocking down walls to create open floor plans<\/strong><\/p>\n<p style=\"text-align: justify;\">Open floor plans are all the rage and they can make an area look a lot larger. \u201cHowever, there are consequences to knocking down walls that homeowners don\u2019t always realize,\u201d says Eamon Lynch, Director of Warranty Services at Power Home Remodeling in Philadelphia, PA.<\/p>\n<p style=\"text-align: justify;\">Obviously, taking down a load-bearing wall is problematic. But even if the wall isn\u2019t load bearing, Lynch believes that you should leave it alone. \u201cThe structure of the house was designed with that wall in place for a reason,\u201d he explains. \u201cOver time, the absent wall will have an effect on the structural integrity of your home, and this includes sagging external walls.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Installing a new roof without removing the existing layer<\/strong><\/p>\n<p style=\"text-align: justify;\">Because a new roof is so expensive, you may be tempted to do the bare minimum. But this strategy might come back to haunt you. \u201cIf you\u2019re dealing with mold-like growth or a leaking roof, this means it\u2019s time to replace the roof,\u201d Lynch says. His company replaces thousands of roofs across the country each year and often finds that customers make the same mistake. \u201cThey tried to save time on roof renovations by installing new layers over an existing layer of shingles,\u201d Lynch says. In the short term, this seems like a time-efficient and cost-effective choice. But when you layer your roof, it can lead to major problems in the future.<\/p>\n<p style=\"text-align: justify;\">\u201cIf you don\u2019t remove the original layer of shingles on your roof, you can\u2019t see what problems may exist underneath, like soft spots on wood or separation,\u201d he explains. Also, when you don\u2019t remove the entire roof, he says you can\u2019t replace or install flashing, pipe collars and drip edges. \u201cThese components are essential for keeping out rain and snow by serving as transitions at roof-wall intersections, chimneys and around pipes and vents.\u201d<\/p>\n<p style=\"text-align: justify;\">Another problem with layering: you can\u2019t install proper ventilation. If you add new layers on top of old layers, you\u2019re restricting airflow and your attic can\u2019t breathe. \u201cYou\u2019re trapping moisture and adding weight to the top of your house, which was designed to only support one roof, not multiple roofs.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Major kitchen renovations<\/strong><\/p>\n<p style=\"text-align: justify;\">Any type of kitchen renovation is likely to be expensive, complicated and long. A major kitchen renovation multiplies all of these factors. But what\u2019s your rationale for a major reno? \u201cThink about the intention of the kitchen,\u201d Lynch says. \u201cFor example, is cooking a big hobby of yours? Will the kitchen be primarily used for entertaining?\u201d<\/p>\n<p style=\"text-align: justify;\">Stop to objectively evaluate how the kitchen will be used. Then, Lynch says you can plan the most effective reno that will deliver a suitable ROI. \u201cAnd if your main purpose for the renovation is to increase resale value, remember that a major kitchen renovation doesn\u2019t increase curb appeal, which is the first factor that home buyers consider when they\u2019re beginning the process,\u201d he says. \u201cKeep in mind that what you think will be ideal won\u2019t necessarily be ideal to a potential buyer.\u201d<\/p>\n<p style=\"text-align: justify;\"><strong>Adding windows to your home<\/strong><\/p>\n<p style=\"text-align: justify;\">Natural light is a very appealing quality in a home. However, Lynch advises against adding skylights to your exterior. \u201cIf your home doesn\u2019t have a window or other type of opening, don\u2019t put one in,\u201d he says. \u201cCreating a fenestration, an opening like a window or door, that wasn\u2019t originally built into the building\u2019s exterior can cause a range of new issues,\u201d he says. These problems include loss of energy efficiency and increasing your chances of developing leaks.<\/p>\n<p style=\"text-align: justify;\"><strong>Prioritizing vanity over value<\/strong><\/p>\n<p style=\"text-align: justify;\">It\u2019s natural for homeowners to want to feel a sense of pride regarding their homes. \u201cBut oftentimes, homeowners fall into the trap of renovating for aesthetics. They neglect to address the less sexy renovation projects that are essential to the structure and quality of the building,\u201d Lynch says. It may be more fun to renovate the master bedroom or add a sunroom. But Lynch says the greater ROI lies in fundamental renovations like siding replacement and roof repair. Especially now that savvy buyers don\u2019t focus on cosmetic features.<\/p>\n<p style=\"text-align: justify;\">And even though curb appeal is important to buyers, it\u2019s also possible to go overboard in this area. \u201cIf your front yard is dead, water and fertilize it until it\u2019s green,\u201d advises Robert Taylor, Owner of The Real Estate Solutions Guy. He warns against spending thousands of dollars on sod and fresh plants. \u201cThe more expensive your renovation, the more likely you\u2019re doing it to please your own personal tastes, instead of potential buyers.\u201d<\/p>\n<p style=\"text-align: justify;\">In fact, years ago, when Taylor first started rehabbing houses, he drove by an old property that he spent a considerable amount of money on, trying to restore the destroyed lawn. \u201cI was shocked to see that the new buyers had torn out the lawn and poured a concrete slab over it,\u201d he says. Since then, he\u2019s seen others yards in which buyers have ripped up the existing landscape to create something to suit their own tastes. \u201cIt just goes to show that you have to leave what you personally like out of the decision process,\u201d Taylor says.<\/p>\n<p style=\"text-align: justify;\"><a href=\"https:\/\/freshome.com\/dont-waste-money-reno-projects\/\" target=\"_blank\" rel=\"noopener noreferrer\">Don\u2019t Waste Your Money on These Renovation Projects<\/a> by Terri Williams | Freshome<\/p>\n","protected":false},"excerpt":{"rendered":"<p>When you\u2019re thinking of renovating a home, it\u2019s easy to go overboard and perhaps waste your money on projects that don\u2019t have a significant return on investment. Aside from the &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2019\/08\/dont-waste-the-money-on-these-renovation-projects-for-potential-homebuyers\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"class_list":["post-13341","post","type-post","status-publish","format-standard","hentry","category-home-lifestyle"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.5 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Don\u2019t Waste the Money on These Renovation Projects for Potential Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2019\/08\/dont-waste-the-money-on-these-renovation-projects-for-potential-homebuyers\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Don\u2019t Waste the Money on These Renovation Projects for Potential Homebuyers &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"When you\u2019re thinking of renovating a home, it\u2019s easy to go overboard and perhaps waste your money on projects that don\u2019t have a significant return on investment. 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