Any type of home remodeling project can add value to your home.
However, choosing the right type of products alongside professional installation can offer a massive return on your initial investment.
However, once you start to consider remodeling, it’s important to remain realistic about all your options and not make any rash decisions. Most of all, have a clear vision for what you are trying to achieve.
5 Reasons to Remodel Your Home
Homeowners consider remodeling for many reasons. Here are some of them:
1. Update an outdated home
Older looking homes may need some cosmetic renovations to get it ready for sale. However, it may be necessary to replace, for example, older plumbing pipes and more if your bathroom is simply too outdated. Ultimately, for many homeowners, it’s simply a question of whether or not remodeling will mean less maintenance and long-term savings.
2. Make your home more eco-friendly
Green homes have been on the radar for a long time.
Not only do homeowners do their bit for the environment by installing energy-efficient products like solar panels and Energy Star windows, but energy-efficient certified products also come with a myriad of other benefits.
This includes increasing the overall value of your property, lowering your energy bills, and creating a more comfortable environment all-year-round.
3. Make your home safer
It doesn’t matter if you’re just renting or own the property, it’s your responsibility to check your home for vulnerable areas. Installing some motion sensors and cameras without a monthly contract nowadays is easier than ever. Sometimes, home security installations are the only thing that will give some homeowners peace of mind knowing that their family is safer.
4. Remodel to age in place
Consider the fact that the inability to bathe oneself as one of the main reasons for being admitted into a care facility and remodeling to add a walk-in tub starts to make sense. The same can be said for stairlifts. There are many improvements that can be made to the average home to make it more accessible to seniors and those facing mobility problems. Remodeling your home could mean the difference between selling the home you love and moving, or remaining in the same place for many more years to come.
5. Increase overall livability and comfort
One of the main reasons people remodel is simply to increase their overall quality of life. By remodeling, you not only change the aesthetic appeal but functionality too.
Think of how a bathroom remodel can create a space to relax and unwind with a spa-like experience every day. Or how about remodeling the basement to make a new family zone and adding some windows that will channel more natural light through all your living areas.
The possibilities are endless when you start to think of ways to renovate your home, but staying realistic about what you are trying to achieve with the project is very important.
Tips for hiring a contractor
Comparing estimates from professional contractors is an unavoidable part of any home remodeling project. It can be quite a time-consuming process, but gathering estimates not only allows you to find the best deal, but also the contractor that will suit your project the best.
Compare at least 3 estimates and don’t simply settle on the cheapest estimate. Obviously, budget is important, but there are many contractors out there willing to quote for jobs they may not have the necessary experience to complete professionally.
This is why vetting potential contractors online and reading their reviews can go a long way to making your final decision. Equally, you have to ensure your contractor is licensed and insured. Without being able to present proof of insurance, contractors are not able to perform work legally. Getting the best contractor on board can not only make the difference between success and failure but also save you potentially thousands of dollars along the way.
Home Remodeling Costs and Return on Investment (ROI)
Depending on the type of job and the scope of the work being performed, home remodeling project costs can vary widely. The national average price range for a home remodel, however, comes in anywhere from $2,000 to $25,000.
When tackling serious remodeling, most homeowners end up report an average of $13,000. Naturally, a lot will also depend on your location, the regional pricing trends, the brand of product you choose, as well as the various factors that can influence installation. Here are some of the most popular home remodeling costs to consider:
|Type of Remodeling||Cost||% ROI|
|Window installation||$150 – $16,850||60-80%|
|Bathroom addition||$45,000 – $88,000||62%|
|Kitchen remodeling||$12,000 – $78,000||60%|
|Bathroom remodel||$3,500 – $60,000+||50% – 62%|
|Basement remodel||$6,500 – $30,000||70%|
According to Remodeling’s annual report, some of the most common home remodeling projects offer a very good return on investment. However, a lot hinges on whether or not the project was handled by professionals. Equally, by opting for products carrying the Energy Star certification, you stand the chance to lower your insurance bills too, not to mention the number of rebates and incentives made available to homeowners for making their home more energy-efficient.