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To Remodel or Not to Remodel- That is the Question

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To Remodel or Not to Remodel- That is the Question

There are a multitude of reasons that homeowners decide to renovate.  Whether you are considering selling your home and an update would help or you simply want to better enjoy your home- any remodel is a big consideration that needs careful attention and the right contracting team.

Return on investment should always be considered- especially if you are planning to sell within the next 5 years.  If you are not planning to sell within 5 years, the return on investment is less of a concern and you can focus more on exactly what you want to achieve with the remodel.

One of the best investments you can make in your home is an updated kitchen.  After all, the kitchen is the heart of your home so ambiance and function are really important.  If you aren’t prepared to completely overhaul your kitchen there are many smaller, less invasive updates you can do that won’t break the bank such as adding a new backsplash or counter top, upgrading to stainless steel appliances, or even painting your existing cabinets.  

One of the smartest renovation trends for 2017 that is not very glorious but oh-so-worth-it, is making your home sustainable.  Installing or replacing insulation in your home can give you an ROI of 107% according to Remodeling’s 2017 Cost vs. Value Report.   This is the gift that will just keep giving as your monthly energy bills are reduced month after month.

You cannot turn on the TV without seeing the latest and greatest outdoor oasis that has been created in a seemingly modest back yard.  The beauty of outdoor living is that you don’t need a huge amount of space- just the right team to help you utilize it properly.   Outdoor living can be designed to incorporate decks, patios, landscaping, pavers….the possibilities are endless if you have the vision and the right contracting team to help you accomplish it.  With all the media hype, home-buyers are often searching for homes that have that little something extra- outdoor living is a great way to snag them.

Generational changes are driving the need for renovations when families expand from core.  Baby Boomers are starting to see that they may need to move aging parents into their homes at the same time their recent college grads are returning home.  Renovating a basement or garage might be a simple way to achieve this. Depending on the size and location of your home, a mini-apartment will most likely yield a good ROI but if overdone for the neighborhood, then you may not recoup as much as you’d like. 

If you are considering a renovation project, search for a contractor that specializes in additions or remodeling.  If you are planning to move in the next few years, you may need to weigh your return on investment more heavily than if you are making changes that you will enjoy for the next 10-15 years.  To help stream-line the process find a reputable contracting team that can help you through the project from start to finish- interior design, planning, construction and even final interior decorating by a Certified Interior Decorating (C.I.D.) professional.

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