Home Remodeling Raises The
Value of Your Home
 Home
remodeling in the Greater Boston
area is thriving. Maybe it’s because
old houses are starting to need the
tender love and care that owners
have been conveniently harboring for
other matters, maybe it’s because
the baby boomers are finally
starting to settle down and make
comfortable and livable niches for
themselves, maybe it’s because peer
pressure and shiny ads have finally
gotten to everyone, all at once. No
one is sure – all we know is that
home remodeling is hot.
Home remodeling has the obvious
advantages of transforming your
space into your space, customizing
and designing it according to your
individual needs and wants. It also
updates outdated and outmoded
appliances, structures and designs
and can add usable space in your
house. The comfort and pleasure you
get from your newly renovated space
is an obvious plus.
But remodeling has another, equally
important advantage – it increases
the value of your home. Whether you
plan to move out soon or stay put
for a good long time, it’s
worthwhile to consider what
influence the remodeling job you are
planning will have on the value of
your home.
Certain remodeling projects are more
likely to recoup your costs for you
when you sell your home. For
example, both a minor kitchen
remodel and siding replacement
recoup a national average of 93%
upon sale. A mid range bathroom
remodel recoups 90% and a mid range
bathroom addition recoups 86%. A
basement remodel recoups about 79%.
The above numbers are very loose
suggestions for what you will gain
back upon the sale of your house and
there are many factors that
contribute to how your particular
remodeling project will account in
the sale of your home.
For example, the national average
does not reflect local economies and
house markets. A stagnant local
economy has led to homeowners
recovering an average of 65% of
money spent on remodeling projects
while in some economically active
areas homeowners recoup an average
of 109%. People tend to make more of
their money back if they wait longer
to sell after the remodel job. By
the same token, don’t wait too long
as the remodeling job will wear out
and have to be redone.
If you are remodeling in order to
increase the comfort and usability
of your home then you are probably
going to pick areas that need
attention, which may or may not be
the areas that tend to be most
profitable in the house market.
However, the following are some
suggestions that may help you recoup
the maximum possible when you
remodel your home.
 First,
if you are still deciding what
project to do, think about the fact
the some projects consistently
recoup more money, kitchens and
bathrooms topping the list without
fail. On the other hand, pools and
decks tend to make back least. There
are some geographical variations –
decks built in areas down south will
recoup more than those built in the
northeast, for example.
Second, low priced projects usually
have a higher cost recovery than
more expensive, more upscale
remodeling jobs. People are willing
to pay for something that increases
the quality of the space in their
potential new house, but they do not
want to pay for lavish renovations
that you splurged on, especially if
they wouldn’t have done it
themselves. A mere facelift in a
kitchen will probably pay back more
than a complete redesign. This tends
to vary by neighborhood and can
depend on the prices of the homes in
the neighborhood.
Either way, if you want to make your
money back upon sale, do not remodel
to make your house the most
expensive in the neighborhood.
Although this will certainly attract
people to the house, not many will
be willing to pay the price. If
someone is willing to pay more than
what the majority of the houses in
the neighborhood are worth, chances
are they will just look for a home
in a different, more expensive area.
And lastly (this is always the most
sensitive point), be wise with your
designs. If you know that you are
planning to sell, try to stick to
neutral, sellable designs. Neutral
designs are easier to market and
people tend to prefer them because
they are easier to modify to
personal style. When people buy a
home they want to make it theirs
without, for example, a rhinestone
fireplace or intricate designs
making them feel like strangers in
someone else’s quarters. If you feel
like neutral designs would really
stifle your style and make you feel
like a stranger in someone else’s
abode while you live there, try
decorating using techniques that are
easily altered, like wall colors
that you can quickly repaint when
you begin the process of selling.
Be wise with the remodeling choices
you make and research them before
you jump into demolition or buy
matching grout for seven rooms. Each
area is different and this could
work out either well or poorly for
you. With some quick investigating
you can decide which remodeling
project is most appropriate and how
to go about it in the best way.
And remember, there’s a good amount
of value in your enjoying your
renovations as well. This can’t be
measured in dollar amounts, but
isn’t that true for all of the most
valuable things?
About the Author:
When you've decided on your
remodeling project check out
http://Barefootremodeling.com
for help picking out everything you
need for it.
If you are looking for a Boston
remodeling contractor please call us today at
800.286.5959 or click on the link
below:
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