Deciding to renovate a house in a context of inflation and rising interest rates can have advantages, here are the main ones:

  1. Increase in property value: During periods of inflation and rising real estate prices, well-executed renovations can increase the value of your home. Improvements made to the house, such as adding new features, modernizing facilities, or improving energy efficiency, can make the property more attractive on the market.
  2. Meeting housing demand: Meeting housing demand: In a context where there is a shortage of housing in the market, renovating an existing house can be an alternative solution to purchasing a new property. It can also offer an investment opportunity, as the demand for renovated housing remains strong.
  3. Protection against inflation : Investing in renovations can serve as a form of protection against inflation. Building materials and labor costs may become more expensive over time due to inflation, so by carrying out renovations now, you could avoid higher costs in the future.

Avoiding Doing Renovations Yourself

Being tempted to do the work oneself can often result in a decrease in the quality of the house for several reasons:

  1. Lack of expertise: Construction and renovation work often require specialized skills and professional expertise to be carried out correctly. Without this experience, it is easy to make mistakes that could compromise the quality of the work.
  2. Building standards :Building professionals are trained to adhereto current building standards and codes. By working on your own, it is more difficult to ensure that your work meets these standards, which can lead to safety issues or regulatory non-compliance.
  3. Use of inadequate tools and materials: Professionals often have specific tools and materials that guarantee quality work. By working on your own, you may be tempted to use cheaper or less suitable tools or materials, which can compromise the durability and quality of the final result.
  4. Lack of time and resources: Construction and renovation projects can be time-consuming and resource-intensive. By attempting to do the work yourself, you may find yourself overwhelmed by the workload or lacking time to properly complete necessary steps.
  5. Hidden costs and errors: Mistakes made during the work can result in additional costs for repairs or necessary corrections. Sometimes, these costs can exceed those of hiring a professional from the outset.
  6. Resale value: Professionally done work can increase the resale value of a home. Work done inadequately may have the opposite effect, decreasing the property’s value and making it more difficult to sell.

In conclusion, while it may seem cost-effective to do some work yourself, it is important to weigh the pros and cons and consider whether your skills and resources are sufficient to ensure a quality result. In many cases, hiring professionals can provide additional peace of mind and ensure a final result that meets the highest standards of quality and safety. Feel free to contact our experts.