If you’ve sat down with a remodeler for a kitchen or bathroom estimate, you’ve probably discussed how the project will boost your home’s value, even if you’re not considering selling your home. In today’s post, DreamMaker Bath & Kitchen of Burlington County looks at the role of resale value in remodeling — and why it should not be your only focus.
Reasons for Remodeling
Ask any homeowner why they’re willing to invest time, effort, and resources in their remodeling projects and they probably have more than one reason for doing so. Maybe they want to improve their quality of life by improving accessibility, or at least by adding features that can make moving around the house much more convenient. Maybe they have a growing family and would rather stay in the same house instead of moving into a bigger one, which means their plans would involve converting an attic or finishing a basement, adding a second story, or building an attachment.
Perhaps the house is worn out or damaged by weather, and the homeowner is taking it as an opportunity to upgrade. Old plumbing that needs to be stripped can be a chance to make changes to the bathroom or kitchen. A roof that succumbed to dry rot allows the homeowner to consider adding a new story or changing the roofing style to add more headroom to the attic.
Remodeling for Resale Value
If properly done, any major home improvement should increase the house’s value, and it’s perfectly all right to ask remodelers about it before you sign a bathroom or kitchen quote. However, resale value shouldn’t be your be-all and end-all, unless your goal is to sell the house as soon as possible. It may lead to questionable decisions on aspects of your project, from material and color selection to remodelers that you want to hire.
It’s not unusual for homeowners to think of their home as an investment. The term “return on investment” will invariably turn up during discussions about remodeling. However, it shouldn’t be viewed as merely an investment. While it is true that remodeling costs are recoupable, what you’re investing in is how the remodel will improve your quality of life. Increasing your home’s square footage means you don’t have to give up things like a good school nearby, or a hassle-free daily commute to work. Accessibility improvements can let you care for an elderly loved one and spend more time with them. Ultimately, these factors must be considered along with the house’s potential resale value when planning your home remodel.
Let’s Start a Conversation!
Looking for a “remodeling contractor near me“? DreamMaker Bath & Kitchen of Burlington County offers a wide range of professional remodeling services, including kitchen, bath, and shower remodeling. To get started with a no-obligation consultation, call us at (856) 656-4488m or contact us online! We serve Burlington County communities, including Moorestown, Mt. Laurel, Medford, Marlton, Mt. Holly, Maple Shade, Columbus, Chesterfield, and Cinnaminson.
