How Quality Remodeling Could Boost the Value of Your Home
It’s important for people to feel comfortable and content in their own home considering it acts as an escape from the hectic outside world. Too often do people examine their homes and think of all of the changes they want to make to create their ideal house, but instead ignore those desires out of fear of the financial costs. What people often overlook is how positive of an impact some quality remodeling could have on their home’s value.
When planning some remodeling additions, the most influential changes will often come from rooms or areas that receive much use. Kitchens, for example, are a space where most people visit multiple times a day and will usually spend longer amounts of time in while preparing food. About 84% or more of homeowners find kitchen design to be such an important room that they believe a walk-in pantry, table space for eating, and a double sink are essential, or at least highly desirable.
Some people may think of a kitchen quality remodeling project as a pricey expenditure that will only serve their personal tastes. However, if in the future a homeowner decides to sell their house, a mid-range kitchen remodeling project can have a great return on investment (ROI); these remodels have an ROI average of 81.8%.
Even if extra bells and whistles aren’t enough to interest potential future buyers, just the extra space from home additions can be enough to counteract the costs. A 2005 study conducted by the National Association of Realtors found that every 1,000 square feet of remodeling additions can boost a home’s sales price by over 30%.
Custom home additions do not have to be a dream project left on the back burner. Between some extra features and some quality remodeling, the cost of improvements will easily pay themselves off in the future.
