You've purchased a home and now you want to know how to protect your investment with a quality remodel. Your home is very likely the most expensive purchase that you will ever make, and it is logical to assume that you will want to add extra value to that investment. Therefore, you ought to consider what can be done to create a quality remodel that adds to the bottom line of your home.
Consider the Cost vs. Value Added of Any Home Remodeling Project
It is not always the case that making a change to your home is something that proves profitable for you. Instead, you must consider the cost of the remodeling project that you are considering taking on versus what it will add to the bottom line of your home. CNBC offers some insights about the most lucrative types of remodeling projects to consider:
- HVAC Electrification - Avg. Cost: $17,747 Avg. Gain in Value: $18,366
- Garage Door Replacement - Avg. Cost: $4,302 Avg. Gain in Value: $4,418
- Vinyl Window Replacement - Avg. Cost: $20,091 Avg. Gain in Value: $13,766
As you can clearly see, some home remodeling projects provide a significant increase in value for the homeowner, but that is certainly not true across the board. There are other projects that are nothing more than a money pit. Therefore, it is essential to consider what you expect to put into your remodeling project against what you will get out of it. Not every home remodeling project has to add value, but it is one thing worthy of consideration when going down the list of projects to be done.
The Quality of the Project
One of the determining factors related to the value of the home remodeling project is the quality of the work done. Sloppy or haphazard home remodeling projects do not create the same impact as those that are done properly. Therefore, you should make it a priority to work with people who have been in the business for a considerable amount of time. In addition, you should be fearless about asking for references and other details from anyone that you might consider hiring for your project.
To gather information about a home remodeling company you are considering using, you should refer to testimonials left by previous customers. Those individuals have direct experience dealing with the company that you are considering hiring, and they have offered their opinions about the work that the company does. With that in mind, you can review what they have had to say and determine if you would like to move forward with hiring a given company.
Know What You are Getting Before You Begin
Part of the burden of getting a great home remodeling project completed is on you as the homeowner. It is your responsibility to know what you are getting before you sign the contract. You must ensure that you are fully aware of the limitations of what a home remodeling company can offer. At the same time, you should try to get yourself excited about the possibilities that exist. Both of these things can be true at the same time, and this is what you should aim for when you are setting up a home remodeling project that you will truly gain value from.
Ask to see a portfolio of the work that the remodeling company has done in the past. This will help you significantly as you look at what you can do to create the ideal home remodeling project for yourself. It gives you a taste of what can be done and where your expectations should be set.
We want to help you with your next home remodeling project. For more information about the value that we can add to your home, please contact us with your questions. We are happy to assist you.