The idea of remodeling your home may invoke a feeling of dread in the pit of your stomach. The idea of haggling with contractors and washing dishes in the bathtub while the kitchen is being redone may make you want to forget the whole thing. It may be the idea of spending all that money that has you hesitant to take on a remodeling project but you should rethink your stance. Here are 5 reasons that you should remodel your home today.
Boost the Value of Your Home
Your home is the single biggest investment you will make but if homes aren’t maintained they will lose their value over time. Even basic maintenance isn’t enough to fully guarantee your home’s value. If you are considering selling at some point then buyers want modern conveniences and design. One way to satisfy the pool of potential buyers and increase your home’s value is by remodeling.
Bathrooms and kitchens are the most commonly renovated rooms, since these are the two most important rooms to a potential buyer. These aren’t the only options you have, adding to the living space by finishing a basement or putting on addition are also worth serious consideration. If neither of those is an option then update the kitchen and bath.
The Interest Rates are Extremely Low
If you want to take out a HELOC loan or even refinance your mortgage to fund your remodel then there is no better time than now. Interest rates are at the lowest rates in history. Interest rates won’t stay that way forever so there is no point in putting your remodel on hold.
Low Cost Materials
Okay there are low cost materials and there are cheap. You want low cost and not cheap. Cheap materials come with a low price tag but are generally poorly made and those you want to avoid. On the other hand there are materials that have benefitted from technological advances in manufacturing and you get a quality product from a lesser known brand at a good price.
While “Jarvis” from Iron Man may be out of the budget, creating a smart home is within your range. You don’t have to build a brand new home to make it smart, when you renovate the kitchen or bathroom you can add smart home features to your home as you go. There are things you can add such as smart appliances, remote controlled showers and voice activated lighting. Outside of the kitchen and bath you can add voice activated lights and control the thermostat and security system from your smart phone. Here are some cool smart home options you can add.
More Energy Efficient
Energy costs are always rising so many homeowners do smaller renovations to make their homes more energy efficient. New appliances, better windows and low flow toilets are all options that reduce the monthly costs.