Are you itching to upgrade your home? Maybe there’s something in the air, but you’re definitely not alone.
And if you think this is a selfish or frivolous desire, think again. There are many benefits you can get from remodeling your home, so you can rest assured that the investment will be worthwhile.
6 benefits of remodeling your home
If you’re thinking along the lines of remodeling your home, you probably already have some idea of the benefits. After all, if it’s something you want, there’s an obvious benefit: Your own happiness.
But maybe you need to convince your spouse or partner that this is a good idea.
So here are six benefits of remodeling your home.
1. Upping your home’s value
There are a few projects that will increase your home’s value more than others. But most remodeling projects will increase your home’s value in some way. Let’s look at the average bathroom remodel as an example. According to a report by Remodeling Magazine, the average cost of a basic bathroom remodel is $18,000, and you can expect to recoup 65.7 percent of that investment when you resell your home.
2. Resale appeal
Were you under the impression that you’d get a higher return on your remodeling investment? Well, there’s one thing pure numbers cannot consider, and that’s overall appeal. A remodeling project could mean the difference between your home sitting on the market for a few months and it is selling right away. And depending on your situation, you could save a lot more money by having a home that sells quickly. Especially if your home is empty when you put it on the market, each passing month comes with expenses to keep that house going. You might have a mortgage, and you’ll definitely owe taxes and utility payments.
3. Easier living
Not everyone remodels their home for the resale value. In fact, many people do it for their own convenience. You might be tired of walking around a poorly placed kitchen island. Or maybe you could be enjoying a fantastic view if only you had a window in the right spot. Even if you only replace old windows, it could have a big impact on your outlook of the home.
4. Increase your happiness
There’s something to be said about being happy where you are. So, if you find yourself longing for a different house, try to first think about what you can do to be happy in your current home. In many cases, you’ll find DIY projects and inexpensive fixes that can help you feel more at home where you are. And it’s difficult to underestimate the importance of being happy in your home. This is where you spend the bulk of your time, so it’s crucial that you can be happy here.
5. Reduce maintenance costs
When you consider the overall ROI of a remodel, be sure to consider all factors, including home maintenance costs. For example, if you only replace the windows and doors or energy-sucking appliances, you can boost your home’s efficiency and reduce your energy bills.
6. Add more usable square footage
Do you have a room in your home that you don’t use? You might want to consider remodeling it to be more usable for your needs. Even if you don’t add to the actual square footage of your home, creating a more livable space will up your enjoyment of each square footage in your home. One great example would be to turn a home office into a media room. If you aren’t using the office, it’s wasted space that you’re paying to heat and cool. Why not invest a little bit to make it a more usable space?
Okay, so by now, you probably don’t need more convincing to remodel your home. The only question left is this: Where will you begin?