What’s a person to do when their home is no longer working in their current season of life? Typically, as people’s housing needs or aspirations change, they begin looking at what the housing market has to offer, or for land to build their ideal home. In recent years, because of the limited availability, many are not finding a house or property that checks their boxes…or one that is affordable at least. This seems to be especially true locally, which has prompted some Corvallis-area residents to consider whether remodeling is a better option than relocating. Could their current home be transformed into the place they’ve been visualizing…one that meets their needs and optimizes its functionality?
Aside from being a practical path, the choice to remodel can also prove to be financially savvy. In fact, home improvements are named as one of the few expenditures that provide enjoyment and enhance lifestyle today while benefiting your future finances as well. It’s like having your cake now…and later!
According to Oregon Remodeling, most people have the largest portion of their net worth in their homes, making it the most significant investment they will ever make. That being the case, it is important to ensure that this asset appreciates optimally. As a house ages, choosing strategic updates and renovations can add significant value.
Keep in mind that the work done on a home is only as valuable as the workmanship. When done poorly, a remodel can actually devalue a house. Doing a bit of research before hiring a contractor will prove well worth the time and effort. Here are some things to do: You can learn a lot about a remodeling company by reviewing their website and looking at their project portfolios. If you like what you see there, learn about their process and request references from them. Because word of mouth is the best measure of the quality of a contractor, asking others about their own experiences with remodelers is key. Companies that are endorsed repeatedly certainly inspire confidence.
Once a decision is made to move forward, consider your goals for the project and what will appeal to others down the road. Potential buyers tend to place a high importance on curb appeal, energy efficiency, and on the look and functionality of kitchens and baths. Material choices should incorporate classic designs that will be appreciated for years to come. Although tempting, it’s best to resist selecting the cheapest materials that may not hold up over time or the more trendy finishes that tend to go out of fashion quickly. Good quality products and craftsmanship will last well into the future and be noticed by buyers who will be weighing their own home investment.
Bear in mind that it takes time for improvements to pay for themselves and then increase the value of your investment. If you plan to stay in your home for a few years, you can enjoy the upgrades now and reap the benefits when you eventually sell.
An experienced remodeling designer will be able to give good guidance from beginning to end: our-process/design-of-your-remodel/ They will help you establish the goals of your project, design a functional layout, and offer smart (and beautiful) options for selections. With thoughtfulness and expert planning, investing in your home’s renovations can be a wise way to keep your money working for you.