Families grow over time and the first thing homeowners immediately assume is that they must move into a larger home. However, a highly skilled and experienced contractor’s vision, such as the Pagenstecher Group’s, know how to maximize available space in too many ways to even consider listing.
These professionals have left customers in awe at their ability to add so much space to a home where it seemed like there was none before.
Give the Pagenstecher Group a call today because their expertise will absolutely leave you breathless with their ability to design and build effective living space in virtually any room in your home.
Remodel or Move: Which is Best For You
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 for 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.
Why it Literally Pays to Improve Your Home Rather Than Move
To move or not to move? That is the question and surprisingly, the answer is pretty simple: why move when you can improve?
The trend of packing up and moving into a new or different home isn’t much of a trend anymore. In fact, more than half — 53% — of homeowners agree that now is a good time to renovate a home, so much so over 60% of homeowners are ready with checkbook in hand to spend more on home improvements this year than last.
More and more homeowners are deciding to stay put and improve their homes, whether it be via a whole home renovation project or small remodels, and it’s easy to see why. Here are just a few of the benefits of staying in place.
Unique Home Renovations
Isn’t it nice to do what you want and not have to worry about sticking to the top home renovations that are in style? When brainstorming house renovation design ideas for a home you intend on selling, your options are fairly limited in terms of custom designs as custom renovations may make it more difficult to sell a home.
However, if you plan on living in your home for some time, you can have the power to flex your creative renovation and design muscle to create a look that’s all your own. And if there’s anyone who would share and understand this, it’s award-winning architects and contractors who specialize in unique builds.
For most Americans, purchasing a home is the largest investment or purchase they’ll make in their lifetime. Similarly, purchasing an entirely new home and the cost of moving into it makes the entire process very, very expensive. Improving on the home you’re already living in saves both time and money.
Many of the top award winning architects agree that improving your home rather than moving doesn’t just make sense, it literally makes cents. Renovating your home helps it to build equity and value. Even minor kitchen renovations can yield a ROI of an impressive 73%.
Remodeling vs. Moving
One of the most frequent questions that I get from new clients is this: Should we buy a new house or remodel our current home?
I always point out that moving – even to a home of the same value – has its own inherent expense. Between Realtors, appraisers, home inspectors, title attorneys, and professional movers, it is not unusual to spend an additional 10% of the purchase price just to make a lateral move. A family can easily spend $50,000 to $100,000 just to move to a different home in the same price range.
Occasionally, this makes sense – all homes are not created equal, and some homes just can’t be improved enough to justify the expense. But for most families, the equation quickly tips towards remodeling when they factor in the intangible value of a known neighborhood and good schools. Throw in redecorating expenses, years of landscaping, and a wealth of family memories wrapped up in a home and the decision is made. Take the best of what you already have and improve upon it.
Here’s an example of the strategic, but dramatic changes we made for one family recently:
Before & After:
The room is not just brighter – although the new architectural lighting was a critical element of our design. Notice the new windows that emphasize the proportions of the room. And the new French doors where the picture window was; this really brings the outdoors in. We made many other improvements to this space (as indeed we did to the entire home) but it looks like it was always supposed to be this way. The family has already forgotten how dark the home used to be!
Maybe the best possible new house is hiding inside your existing home already.