This year has people canceling plans and putting things on hold. Maybe you can’t go to that festival or ball game. But what about remodeling your home? Is now the time to go ahead with a big project? Before you say no, consider these points:
The Strong Resale Market & Low Interest Rates – With interest rates low and property values on the rise, now might be an ideal time to take out a HELOC or refinance and tackle that big home improvement project. You will experience an immediate increase in your home value and enjoy the benefits of your new space in the meantime.
Safety First – We take the personal health and safety of our customers and employees seriously. Many steps have been implemented and reinforced to ensure we minimize exposure and maintain personal distance. It has been our practice for the last several years to use HEPA air filters to ensure there is sufficient ventilation and air flow in the work area. Surface protection and plastic sheeting is also used to separate workers from homeowners. Lastly, we have adjusted our project work schedule so that fewer workers are onsite at any one time.
Expected ROI – A word of caution: be aware of undertaking renovations that may price you out of your local market. Research the value of your home and the average market values in the surrounding area. However, if you plan to stay in your home for a longer period of time, it may not be a major issue and you could recoup the value of the remodel. Current cost verse value reports for our area estimate that for a major mid-range kitchen remodel a homeowner could recoup up to 64% of the cost. For bath remodels up to 72%.
Updated Kitchens and Baths Help Sell Houses – Realtors have known this for years. That’s why a remodeled kitchen or bathroom, or a finished basement is often a highlighted feature in real estate photos. If you love the new space, likely the right buyers will too, seeing it as a key selling point. Remodeling these rooms positions the house for a faster resell at the best price.
Comfort, Enjoyment and Personal Satisfaction – Regardless of the economic advantage for remodeling now, the most important reason is knowing the entire family will enjoy an improved quality of life right away and you will be able to stay in the location you’ve come to call HOME. We want you to love where live.