Home Improvement: Contractor Vs. Do-It-Yourself.
Home improvement is a $400 billion industry, due in large part to the equity advancement and quality of life upgrades that come with the territory.
People sign 30-year mortgages, so it's only right that you maximize on these decades by making upgrades whenever possible. Whether you're tweaking your plumbing, electricity, paint color, decorative fixtures or hardscaping, home improvements should be a regular occurrence during your ownership.
But the real question is -- should you do it yourself or hire a professional?
To learn a bit more about each option so that you can choose what's best for you, read the tips in this article.
DIY or Hire a Professional? -- The Pros and Cons
To DIY or hire a professional? That is the question that you'll need to answer with each and every home improvement that you make.
There are some big pros and cons with each that you need to be aware of, including the following:
DIY Saves a Tremendous Amount of Money
Most people go the DIY route as a way to save money. Without question, you can save a significant amount of money by grabbing some tools and doing the work yourself, as opposed to hiring a contractor.
A recent study showed that people that DIY'ed their kitchen renovation project saved $22,000, compared to those that hired a contractor to do the work.
Safety Is a Serious Concern When Doing Your Own Work
In the majority of cases, going the DIY route means learning how to do work that you're unfamiliar with. Not only does this have a learning curve, but it also means that you're more likely to get injured.
If you haven't been properly trained and you're not used to handling these projects, you will be more mistake-prone than a professional. When you're dealing with ladders, electrical work, and heavy tools, the possibility of seriously hurting yourself skyrockets.
You Learn to Become More Capable as a Whole When You DIY
Successfully completing DIY project after DIY project makes you a more capable person and improves your sense of self-worth.
You'll grow your confidence with each project, and before you know it, you might find yourself taking on more technically advanced home improvements. The more you get good at DIYing your home improvement, the more you can add value to your property as a whole.
Professionals Are More Likely to Do the Work Correctly
Just because you're doing it yourself doesn't mean that you're doing it right. You are more likely to get work that is quick and correct when you hire a professional.
A study on millennial homeowners revealed that more than 50 percent have had to make some sort of insurance claim due to botching a DIY home improvement project.
This shows that while there is virtue in DIYing it, most of us don't know what we're doing. And rightfully so, since home improvement is a craft that takes years to develop.
Analyzing Your Upcoming Project
Now that you understand the pros and cons of DIYing your home improvements, you should take your upcoming projects on a case by case basis.
Let these rules of thumb help you with your decisions:
Leave Foundation and Roof Work to Professionals
DIY projects are a great experience, but definitely leave the more serious work to the professionals. This includes the roof and foundation, which are the two most important parts of your home structure.
Damage to either one of these fixtures can cause long-term, expensive damage to your home and a tremendous loss of value to your property.
Think About the Return on Investment (ROI) Potential
When you're making home improvements, either DIY or through hiring a professional, always go with the biggest return on investment (ROI).
Improvements, like upgrading to new energy technology, remodeling a master bathroom, and waterproofing a foundation, can buy you a lot more great years out of a home.
Without a doubt, appliances are the lifeblood of your home. You use them daily, and they dictate how time and energy is used in your household. This is why having an appliance plan is an excellent way to repair and maintain your home's most important fixtures.
With so much ROI on the line, be particularly careful about deciding whether to do it yourself or hire a pro.
Take on Projects That Offer Great Learning Experiences
Whenever you do decide to DIY it, make sure that it is a project that upgrades your life experience.
The pride you'll feel in redoing your shower can make you build more of a connection with your home, while also providing value. Put together a team of people that you can share this experience with, and hold yourself accountable for getting all of the right information.
The internet is a wealth of information, so you can find step-by-step videos on any project, in addition to information on covering the project with an insurance plan, and how much value you can expect the project to return.
You will also need to weigh each and every cost and ensure that you get the best tools for the job. Many improvements require you to get a permit or license, so look into these factors as well.
Put Together Your Next Home Improvement Project
If you are trying to figure out whether to DIY a home improvement project or hire a professional, these are tips that will steer you in the right direction. These improvements offer tremendous value to your home, and can also offer immeasurable qualitative value to your life as a whole.
Make sure you also look into any protective coverage you might need for your next home improvement project.
Reach out to us so that you can get a quote on protecting any home improvements that you make.