Knowing Just Enough to Be Dangerous
The DIY experience is wonderful, and it allows people all over the world to experience the joys (and occasionally frustrations) of creating and maintaining their own projects. But there are still some tasks that should be handled with caution. You may still be able to tackle them yourself, but as a new homeowner you owe it to yourself to do all the research needed to make sure you’re making smart choices. How to avoid this pitfall? Dive into research and training, either with the extensive archive of Family Handyman articles, or with a trusted pro.
Buying the Most Expensive Home on the Block
Trendsetting is good in many situations, but not often in real estate. If you do have the biggest or most developed home on the block, you’re setting the bar for sales price. When it comes time to sell, you may struggle to find comparable sales, since the other homes in your neighborhood will be selling for less than your home is worth. Most experts advise avoiding this situation entirely. If it’s too late, or if you simply fell in love with the home enough to not care, consider putting more effort into improving the landscaping, rather than continuing to improve the interior of the home.
Not Researching HOAs
Homeowner Associations (HOAs) govern almost 20% of American residences. While most homeowner associations are perfectly fine, there are a minority that give the organizations a bad name. Look for negative coverage in the local press, and if possible ask a sampling of neighbors to find out their impressions of the organization. Should anything raise red flags, give some serious thought to what you might be committing to. And if you’re not sure about the importance of researching your potential HOA, check out these Homeowner Association horror stories.