Norton Home Remodeling is a multi-step process that requires the help of professionals. Hiring a team of builders, designers and plumbing/electrical experts is key to ensure your project stays on schedule and within budget.
Home remodeling can increase the appraised value of your property. A well-done remodel can also improve the look and feel of your house, making it a more appealing place to live. However, it’s important to make smart choices when it comes to what projects to undertake and how much money you can afford to spend. A poorly done remodel could have the opposite effect.
A home’s appraisal value is determined by the values of nearby homes that have recently sold, or “comps.” The comps should be similar in size and features to your home. The comps should also have recent updates that match the type of update you plan to make.
Generally, major remodeling projects are more likely to increase the value of your home than minor remodels. Major remodels include changing a room’s function or structure, such as adding a bedroom or bathroom, or extending a living area. Minor remodels usually involve more cosmetic changes and may be less expensive.
An appraiser will consider a number of factors when assessing your home’s value, including location, size and desirability of the neighborhood, square footage, number of bedrooms and bathrooms, and the age and quality of construction. The condition of the home’s exterior and interior, such as the roof, foundation, and plumbing and electrical systems, will also be taken into account.
The term renovating and remodeling are often used interchangeably, but to housing professionals they mean different things. Renovation is a quick and easy project that doesn’t change a room’s function, whereas remodeling involves structural changes and extensive work. The difference in cost, time frame and permit requirements may affect the amount of value you’ll recoup from your investment.
Before an appraisal, prepare a document that lists all of the upgrades and improvements you’ve made to your home along with their costs and dates. Include copies of any invoices for the improvements. Present the information to the appraiser at the valuation, along with a list of comparable homes in your neighborhood.
Avoid over-improving your home by focusing on the updates that will appeal to the majority of buyers. For example, if the other homes in your neighborhood don’t have crown molding or high-end appliances, you won’t gain much by installing them. Also, avoid spending more than you can recoup at the time of sale.
Improved Energy Efficiency
Home remodeling can be done in a number of ways. The most common include bathroom and kitchen remodels, enlarging rooms to make more use of floor space, adding storage like walk-in closets, room additions, decks and sunrooms, installing energy efficient appliances and windows, and upgrading the home’s lighting. Some of these projects may have a lower return on investment than others, but they are often necessary to improve the home’s functionality. Evaluate your budget, motives, value payoff and future intentions with the home before deciding on how extensive of a remodel to undertake and which specific improvements to prioritize.
Home improvement upgrades that are designed to increase a home’s energy efficiency typically have the highest ROI. These energy-efficient improvements are not only good for the environment but can also save homeowners on their energy bills. These upgrades can range from replacing an entry door or garage door to more major projects such as a new kitchen, bathroom, or roof.
Adding new insulation, sealing air leaks, updating old furnace and water heaters, installing high-efficiency HVAC systems, replacing older windows and doors, and re-siding a house are some of the best ways to make a home more energy efficient. The benefits of these improvements extend beyond a higher ROI to increased comfort and improved indoor environmental quality.
A well-maintained, attractive home can also enhance a person’s mental health and wellbeing. Studies have shown that living in a clean, attractive home can help reduce stress and anxiety levels, which is why many people consider a home remodel to be an investment in their health and happiness.
While home remodeling can increase a property’s value, it is important to plan and research the project thoroughly before beginning. It is also crucial to find the right team of professionals for the job. In addition, homeowners should set a realistic budget and have a contingency fund in case of unforeseen expenses.
It is also important to understand the difference between a renovation and a remodel. While renovations typically involve cosmetic changes and do not change a space’s primary function, remodels can change a room’s entire purpose and layout.
Enhanced Social Life
In addition to improving your home’s value, a luxury remodel is also good for your mental health. This is because a well-designed living space has been shown to boost happiness, improve self-esteem and promote creativity.
A study published in the journal Frontiers of Human Neuroscience found that “people who live in an aesthetically appealing, well-organized environment experience a greater sense of happiness and wellbeing than those who do not.” This study is similar to other studies that have shown that a happy, organized life helps prevent depression and anxiety. Having a beautiful, updated home that reflects your personal style is the best way to achieve this feeling of well-being.
This may be because a well-designed home is more likely to be clean and clutter free. It also allows you to customize your space so that it suits your lifestyle and meets your needs, such as having a reading nook bathed in natural light for book lovers or a playroom for kids.
When you feel comfortable and relaxed in your home, it is easier to socialize with others. You can host dinner parties or entertain friends in your newly remodeled kitchen, dining room and living room that is tailored to your taste and lifestyle.
In some cases, a remodel can even improve your social life by helping you overcome problems that may be impeding it. For example, a leaking shower or broken appliances can lead to stress because you are constantly worrying that these items will continue to break down. A remodel will allow you to make simple adjustments such as lever handles if you have wrist pain or non-slip surfaces to help reduce the risk of injury.
Another benefit of a home remodeling project is that it can encourage you to engage in other healthy behaviors such as cooking and entertaining at home more often. By transforming your kitchen into a functional, state-of-the-art space that is ideal for cooking and entertaining, you can become more engaged in healthy behaviors such as eating a balanced diet or spending time with family and friends.
Better Health
Home remodeling is the process of altering a property’s structure, form, and function. This can include removing walls, building additions, and changing the layout of a room. The distinction between remodeling and renovating is important, as renovations are more cosmetic while remodels entail construction work.
The benefits of home remodeling are numerous. Aside from improving the aesthetics of a property, it can also increase the comfort level. This is particularly important for older adults who may have physical limitations. For example, adding softer floors can help reduce knee, hip, and back pain that is caused by walking on hard tile. Additionally, a kitchen remodel that includes an ergonomic design can improve safety and accessibility.
By making your home more functional, you can lead a happier and healthier life. For instance, having a comfortable family room can help you relax and avoid stress. It can also encourage creativity, which has been linked to improved mental health and a longer lifespan.
Many homeowners have a strong desire to make their homes more appealing and functional but are unsure where to begin. A good starting point is to review a cost-vs-value analysis. This will help you determine which projects are worth your investment and what your budget should be for each project.
In some cases, it may be more economical to re-siding your home or add an additional bathroom rather than invest in a new kitchen. However, it’s essential to weigh your motivations, desired outcomes, and future plans with your home before deciding on the scope of any improvement projects.
Aside from the financial considerations, one of the most important reasons to remodel your home is to maintain its market value. A poorly maintained home can lose value, as potential buyers will be reluctant to pay top dollar for a property that requires major repairs and updates. Ultimately, investing in the renovation of your home will ensure that you get maximum return on your investment when it comes time to sell. Moreover, it will also ensure that you are able to enjoy your home for as long as possible.