Home renovations are often regarded as investments; however, not every upgrade enhances a home’s function, character, or resale value. Designers specializing in working with properties that are older generally emphasize that intelligent, budget-savvy decisions bear greater importance than drastic changes. Among some of the most heavily marketed “upgrades” lie those that will sap the largest budgets but guarantee little in return, especially over the long term.
One of the most costly mistakes homeowners make is demolishing walls to create open layouts. While open plans remain popular, the demolition of walls can erase architectural detail and greatly increase costs. The cost of moving a standard wall can run several hundred dollars, while modifying a load-bearing wall may call for permits, structural reinforcements, and expenses well into the thousands. Preserving smaller rooms and alcoves can often maintain charm and keep renovation budgets in check.
Homeowners tend to overspend by upgrading their floors: Many older homes have original hardwood that is hidden under carpet or outdated materials. The flooring may be uneven in color or exhibit wear patterns, but this can add character. Cleaning, buffing, crack-filling products, or spot refinishing usually takes care of most existing hardwood, which is a much less expensive proposition than installing new flooring-$ several dollars a square foot-which can quickly add up to five figures in larger homes.
When replacement is unavoidable, expensive tile is not required. Today’s vinyl is a far cry
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