Considerations of Home Improvement
Homeowners are ready and willing to improve their homes, especially in ways that improve their daily quality of life – but the big takeaway is that they’re doing it more frugally than in years past. They want to be sure that they’re getting their money’s worth when it comes time to sell their home. With housing prices increasing, now is the time to invest in your home to capitalize on its value.
Though it may seem odd to consider your home’s current market value, there are two reasons for including it here. First, any home remodeling project should have an eye towards how it may improve your home’s value, both now and in the near future.
Cost of the Upgrade vs. the Value of the House
Homeowners want to know if the investment will be worth it. I regularly consult real estate data banks to help clients determine whether or not a particular home improvement makes good financial sense.
Full Remodel or Just an Upgrade?
Clients can usually save 30 percent or more on their improvements when they choose to maintain the home’s general configuration and instead focus on aesthetics, like changing dated oak cabinets to a timeless finished wood.
“Facelifts,” as they’re called in the industry, allow homeowners to stretch their budgets farther. If you decide to do a facelift vs. a full remodel now, instead of only being able to do just the kitchen, you can do the kitchen and your bathrooms – and that upgrade combo really improves a home’s resale value much more than doing just one or the other.
Identifying what You Really Want
Good contractors are more like consultants, or even therapists. I don’t want to tell you what the problem is – I want to help you figure out what you dislike about your home and then I want to help you fix it.