Why You Should Invest In Home Remodeling
It used to be that homeowners could buy a new home for less than remodeling the existing one, but the opposite is true these days. An increasing number of people today are planning whole home remodeling projects to make their living spaces more livable. If you’re looking to add more space, or make your home more eco-friendly and energy efficient, here’s why it’s a good time to invest in a home remodel.
Decreased costs: You can get more for your money by investing in home remodeling now. Since new construction is on hold for many homeowners, home remodeling bids are more competitive. Industry experts say home remodeling costs decreased by 20-30% since a few years ago.
Accessible materials: During a construction boom, cost of materials inflates and often causes long delays to home remodeling projects because suppliers are struggling to keep up with demand. Often, a whole house remodel will halt because of back-ordered materials.
Faster project timelines: With more accessible materials, and available designers and contractors, a whole house remodel can get finished faster now than a few years ago. The days of 12-18 month waiting periods and delays leaving remodels half-finished are over.
Lower energy bills: Many homeowners have struggled over the last few years to reduce the cost of heating and cooling their homes because of soaring energy costs. At the same time, there have been cutting-edge innovations in energy-efficient home design. Take advantage of these new technologies for your whole house remodel, and you’ll lower your long-term costs associated with powering your home.
Lower taxes: Many homeowners fail to take into account that a whole house remodel that increasing the value of your home also increases your property taxes. With home values remaining low right now, however, your whole home remodeling isn’t likely to drastically affect your property taxes – at least not until the market picks up again.
The right time: Although the current market conditions are ideal for home remodeling, the construction industry will eventually bounce back. The economy is in recovery and homeowners’ budgets are loosening; there’s no reason to delay your whole house remodel.
Selling will be easier: When the real estate market finally improves, you’ll be able to take advantage of it by increasing the value of your home now. If you wait on doing a whole home remodeling, you could get caught unprepared if the market does turn. You also might find home remodeling contractors are overworked and can’t complete your project within your timeline. Plus, buyers might assume that your remodel was done for a quick sale, but a whole home remodeling done some years ago just makes your home look well cared-for. It’s time to pull out your home remodel plans and start designing your dream home.
- Reasons Why Alcohol is The Most Dangerous Drug: Skyward Treatment Center in Houston, Texas
- Stablecoins in Crypto Casinos: The Balance Between Security and Volatility
- Understanding Anxiety and Addiction: A Complex Relationship Debunked by Luxury Rehab Experts at Taylor Recovery Center in Houston
- Unveiling the 6 Causes of Termite Infestation: Insights from Houston Pest Control Experts at Life After Bugs
- Prevalent Sunroof Issues as Per Auto Sunroof Repair Experts at Imperium Auto Glass in Houston, Texas