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Factors to consider in DIY projects

06-11-2012
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During the warm summer months, many homeowners undertake projects to either boost the real estate value of their properties or simply make their homes more appealing. When taking on these tasks, some individuals grapple with whether it's best to hire a professional to do work or do it themselves.

DIY projects have their advantages and can help owners keep costs low. However, there are other factors to keep in mind when making such a large decision.

What is required to complete the job?

Money and time aside, there are several other concerns that may make it more difficult for homeowners to complete certain projects. For example, building additions onto a home may require individuals to meet certain zoning or code requirements of which they are unaware. In addition, special tools may be required that a homeowner does not own or cannot rent, according to MSN Money. If this is the case and consumers are trying to save money by doing the tasks themselves, it can be helpful to weigh in the costs of purchasing the tools versus the price of hiring a professional.

Other tasks may also require specialized knowledge in certain areas. For example, individuals who are re-wiring their homes, installing new air conditioning and heating systems or repairing their property's foundation may lack the technical knowledge to complete the task, the news source explains. Homeowners may end up spending more to correct the damage than they would have spent if they had hired a professional to start.

Are the projects safe?

Safety should always be in the back of a person's mind, and if there is a significant risk that they may get injured completing the task, it may be best to let a professional do the work. For example, electrical work typically requires the expertise of a professional to ensure that no fire or sparking occurs. In addition, some jobs that appear seemingly harmless may still be better left up to a professional. For example, removing lead paint from a home often requires experts to safely remove and dispose of it.

DIY projects can be a good way to spruce up a home, save money and learn a new task. But it's important for individuals to weigh all the financial and safety factors before undertaking a home improvement initiative to avoid spending more money than they intended or risk injury.

About Coldwell Banker®

Since 1906, the Coldwell Banker® organization has been a premier provider of full-service residential and commercial real estate. Coldwell Banker is the oldest national real estate brand in the United States and today has a network of approximately 83,000 sales agents working in approximately 3,100 offices in 50 countries and territories. The Coldwell Banker brand is known for creating innovative consumer services as recently seen by being the first national real estate brand to create an iPad application and the first to fully harness the power of video in real estate listings, news and information through its Coldwell Banker On LocationSM YouTube channel. The Coldwell Banker system is a leader in specialty markets such as resort, new homes and luxury properties through its Coldwell Banker Previews International® marketing program. Coldwell Banker Real Estate LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each office is independently owned and operated.
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