It’s easy to ignore all of those little projects that need to be done in your home. Remodeling can be a costly investment, and many homeowners will often choose to move instead of worrying about renovations. If you’re unsatisfied with your current home and seek a change, here is some advice about home renovation and whether or not it is right for you.
First, evaluate the cost of remodeling versus the cost of moving. Shop around for information on remodeling a home, and compare the prices to that of a mortgage for a new home, along with other fees such as a moving van, Realtor fees, and so on. Keep in mind the other factors that may go into buying a house, such as taxes and the local school district. It’s also good to consider the value that can be added to your home through remodeling purposes. Even something as simple as renovating that old attic bedroom can return you an overall 79.4% on your initial investment. Bathroom and kitchen renovations can also earn you a return of around 63.6% and 79.4%, respectively. Remodeling can be a great way to breathe new life in your house and can save you the hassle of trying to move yourself to a completely new place.
Many homeowners agree that now is a great time to start the home remodeling process. A survey by Houzz in 2013 reported that 84% of respondents planned to decorate or redecorate, 40% had some remodeling planned, and 10% were in the process of building their own custom home. In addition, 60% of homeowners said they planned to spend more to build or remodel their home in 2015 than in the year before. So whether you plan on giving your house a remodeling facelift, or decide that it’s time to move, now is the time to do it.