According to Mark Roemer Oakland, after a decade or more of living in your home, it’s highly likely that certain parts have been worn down and need to be patched up. That’s a good excuse to renovate and remodel your home. Let’s check out why remodeling your home is necessary.
- You get to save the cost of moving – If you love the neighborhood you live in or have precious memories attached to your home, remodeling it is much easier than selling it and buying a new home in a different location. Remodeling is much more cost-effective and simpler compared to moving homes and going through the hassle of selling your home and buying a new property.
If you can get a good price for your existing home, it’s worth the hassle. However, in this housing market, it really isn’t unless you live in the best neighborhood. Moreover, most people don’t account for the agent’s commission, legal fees, and other expenses that are incurred while moving homes.
- Higher ROI – Remodeling doesn’t just change your home to increase your quality of life, it can also bring you big returns on your investment. For instance, if you have a rental property, remodeling may help increase the rent or change the structure of the property to change the nature of your business from a rental property to an Airbnb that brings in more revenue.
You should really consider this if you live close to a city that gets a lot of tourists. Even if you aren’t remodeling your home for financial incentives, you’ll get the return when you decide to sell. Just changing the kitchen countertops or remodeling the kitchen into a more open space with an island and swapping out soft flooring with hardwood floors can sharply increase the value of your home.
- Make your home more eco-friendly – Remodeling isn’t just all about money. You can also choose to make your home more sustainable and eco-friendlier with a remodel. You can make the window larger, entirely change the HVAC system to a more efficient one, make use of more sustainable materials to reduce the energy cost of your home, and do a lot more. Moreover, many local governments incentivize eco-friendly modifications with tax breaks.
- Safety – Sometimes, remodeling your home isn’t just necessary, but vital to your safety. If you’re living in a home that’s over two decades old and hasn’t been renovated or remodeled ever, you’ll find a lot of things that are threatening your safety. Your home’s foundation, roof, and other structural components may need some work to make your home safer. Leaving structural vulnerabilities in your home can cost you dearly in the future.
Mark Roemer Oakland suggests that you take your time to come up with a good remodeling plan for your home. Remodeling your home can be frustrating and difficult. However, it’s a rewarding task that provides you financial incentives by increasing the value of your home and also may increase your quality of life.