Reasons to remodel run through your mind all the time when you are thinking about remodeling your home. Do not feel alone. You are not the only one thinking about it. Millions of people remodel their homes every year.
There are 3 major reasons to remodel.
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MORE SPACE PLEASE
The desire for additional space is a one of the top reasons to remodel. There are many reasons to want more space that have nothing to do with a clingy significant other. If your family is growing, you may need more space. The addition of household members is probably the most common reason to remodel to add space.
There are many ways your family can grow. You may decide to have in-laws live with you or an adult child. Adding a small apartment style area is a way to add space with a remodel. The elderly parent or adult child can live with you while staying independent. Although this may solve your space issues, adding an apartment to a home does not always increase your home's value.
DO NOT DIY ADDITIONS
This is true for all home remodels that include adding on to an existing home. Hire a professional architect to plan and design the addition and hire a professional home remodeler to complete the work. Adding on to your home is not the time to pinch pennies and DIY.
The additional space you created can quickly turn into a structural engineering nightmare. Without proper planning and execution by trained professionals, an addition may not add anything to your home value. An addition that is not structurally sound can compromise the structural integrity of the entire house, and home value can plummet. Careful planning can help you avoid adding a nightmare to your home in search of a little space.
UPGRADES FOR BETTER OR WORSE
Upgrading with a home remodeling project can be due to boredom or out of necessity. Standard upgrades are kitchen cabinets, kitchen countertops, and appliances. Improving energy efficiency with new windows, doors, insulation, and climate control systems will increase home value. As will upgrades to bathroom flooring and fixtures to an extent. HVAC, plumbing and wiring upgrades are sur to up the value of your home if you decide to sell.
SMART UPGRADES AREN’T THE MOST EXCITING
“Upgrades that increase the efficiency of a home, like energy-efficient appliances and insulating windows, reduce household utility bills to save money over time. Installing new siding, replacing windows, adding a deck and upgrading a kitchen are among the upgrades that can actually make a home's value increase more than the cost of the upgrade. These upgrades have a similar effect even when the housing market is relatively slow” according to Value of Home Upgrades SF Gate.
SHORTEN SELLING TIME
“Selling a home for more money is a clear source of recouping upgrade costs, but selling a home more quickly can also be beneficial. Homes with upgrades that attract more buyers and encourage shoppers to submit offers can make the entire process go more quickly, thereby reducing the costs related to marketing and real estate agents. A quick sale can also allow the homeowner to take advantage of an opportunity to buy a new home that might not still be on the market after a lengthy sale process.” Value of Home Upgrades SF Gate.
CHANGE CAN BE COSTLY
Changing something you never liked about your home like add removing a staircase or removing walls to create an open floor plan is a major remodel. Change is one of the top reasons to remodel. Because major remodels are expensive projects recouping the cost when you sell is never guaranteed. In fact, the more interior remodeling you do and the more flair you put into it may lower your home value in the long run.
REPLACEMENT VERSES REMODELING PROJECTS
Replacement jobs are minor remodeling projects like replacing appliances, flooring, roofing, and siding. When comparing recoup of replacement verses remodeling projects:
“There has always been a gap between remodeling and replacement projects, but this year, the difference in payback is 20 points: 76.1% for replacement jobs vs. 56.0% for remodeling work according to the Remodeling 2018 Cost vs. Value Report (www.costvsvalue.com).” © 2018 Hanley Wood, LLC. Complete data from the Remodeling 2018 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.”
BEING UNIQUE MAY NOT PAY OFF
“You might want a kitchen that looks like a 1980s replica from “Stranger Things,” but the person you’re selling to might hate an avocado and burnt-orange color scheme. So regardless of what you spent, to the prospective buyer, that kitchen needs to go. It’s those types of variation—in tastes, in expenditures, in each market’s economy-—that lead to such variety in Cost vs. Value. “Remodeling 2018 Cost vs. Value Report (www.costvsvalue.com)
Finnteriors can help you remodel your bathroom. 30 years ago, Kevin Finn founded Finnteriors Construction Services. The company has grown and is still proudly locally owned and operated by Kevin Finn, Finnteriors President. Consistent top-quality design, build, and service has made Finnteriors the most referred remodeling company around St. Louis. Contact Finnteriors to talk about your bathroom remodeling ideas today.