With the New Year comes change and there’s a good chance you’ve already been thinking about making improvements on your home long before the clock struck midnight. It’s a big undertaking, but before you jump in, ask yourself the question, is it really worth it? There are a lot of factors when it comes to seeing a return on investment for your home remodeling project.
Sure, some improvements are necessary to maintain the safety and functionality of your home but others may be spurred by the changing styles and décor. Here’s a breakdown on the 2016 national averages for ROI on remodeling projects. There is a factor you might not think of when it comes to the variable of return.
If you’re thinking about changing the layout of your home in a big way, don’t veer too far from the neighborhoods overall architectural design. If you go too far in a different direction, your “improvement” can actually hurt the resale value.
There is a forecast for a growth in home remodeling in 2016 and there are a few major reasons behind it.
- Aging homeowners who need more accessible homes
- Green projects or sustainable materials and appliances
- An increased demand for rental units
Whatever may be the reason behind your next home remodeling/ improvement project, make sure you consider all the possibilities, especially what kind of return on investment you’ll get. We’ll work hard to make sure you get an attractive, more convenient, comfortable, spacious, or sustainable home improvement. Take a look at some of the work we’ve done and let us know what you’re dreaming about!