If you plan on purchasing a home in Louisiana to renovate it, you should plan your steps carefully to minimize stress and possible complications. Although certain home improvements can boost your property's appeal and function considerably, the wrong ones can leave you full of regret and create potential legal issues. Before you start any home improvement project, take some time to learn about common renovation mistakes you should avoid.
Neglecting a professional inspection
Before you commit to a real estate purchase, you should have the property professionally inspected. You deserve to know exactly what kind of property you are considering. A professional inspection can tell you things about the home that are not disclosed in the paperwork. It does not matter how good the house may appear; you need to know if there are any existing issues and if it can sustain any renovations and particularly the changes you want to make to it.
Taking on too much
As enticing and exciting as it can be to renovate a property, you should try to avoid taking on too much all at once. Break the renovations up into smaller projects. This can make it easier to manage your budget and time and keep you from having an unfinished property on your hands.
Not choosing the right contractor
Do not rush through the selection process and choose a contractor who is not experienced or credentialed enough. Buying a home is one of the biggest investments you can make. To avoid problems with your renovations, you should take the time to conduct a criminal and professional background check on any professional you are considering for the job. You should also check their trade references, legal history and licensing credentials. Try to choose a professional who has professional affiliations such as being a member of the National Association of the Remodeling Industry.
Choosing the wrong focus
You should be careful about the type of renovations you choose to have done. Try to avoid making too many aesthetic improvements to the property, especially if there are other essential areas that really need improvements, such as the electrical wiring, roofing and plumbing.
It is a good idea to plan your renovations before you start them to ensure satisfaction with the outcome. Ask your friends, family and professionals for recommendations. If you are interested in purchasing a property to renovate or in selling one after renovations are complete, you should discuss the matter with an attorney to learn more about your options.
Contact the Real Estate Department at Lundy, Lundy, Soileau & South, LLP at (337) 439-0707 for more information.