Remodeling for Increased Resale Value vs. Quality of Life

So you have decided to remodel your home. Perhaps you want to update your old kitchen and furnish it with smart appliances, or maybe you are planning on selling your home shortly and want to boost its resale value. No matter the project at hand, it is important to do it for the right reasons.

DreamMaker Bath & Kitchen of Greensboro, a premier remodeling contractor near me, discuss renovating your home for increased value versus increased quality of life.

Which Is More Important for a Home Remodel?

Even a simple renovation can cost you a pretty penny, not to mention a lot of time and effort. With this in mind, it makes sense to ensure that at least some of that money comes back to you in the form of the increased value of your home. But should this be a major part of your consideration as you go ahead with your renovation, or is it more important to invest in a remodel that will improve the comfort and quality of your life at home?

To figure it out, firstly, you need to think about how long you plan to stay in your home after the renovation. If it is your retirement home, then you should prioritize increasing the quality of your life. If you have plans to move in the future — say, within five years — then it may be best to weigh how much each type of remodel can bring to your home’s resale value.

Ask for a bathroom or kitchen quote from a trusted remodeler to get started.

Renovating for Yourself

There is nothing wrong with renovating your home to improve both its resale value and your quality of life. If you want to open up your kitchen so you can entertain more guests but also hope that it will add value to your home, that is perfectly fine. The most important thing is that you should not look at home improvements solely as money-generating investments because chances are, you will not recoup 100% of your renovation costs.

According to a recent Cost vs. Value report by Remodeling Magazine, garage door replacement — known as the most cost-effective home improvement — only allowed homeowners to recoup around 94% of their investment. Ultimately, make the renovations so that your home is more aesthetically pleasing and comfortable year-round. This alone is worth spending your hard-earned money on.

Let’s Get Started!

DreamMaker Bath & Kitchen of Greensboro can help you create the home you will love for years. Fill out our contact form to get in touch with our professional design-build team, or call (336) 890-8005 for a kitchen or bathroom estimate.

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