Buying a new home is no easy task, that's why according to an article on Reuters.com, Americans expect to spend about $340 billion on remodeling in 2018. Since the recession in 2008, average home prices have failed to reach their pre-recession values, so many homeowners have decided to turn to remodeling to to refresh their aging homes, and to increase their home values.
1. Less Expensive Than Buying New
On a cost basis, it is much more affordable to remodel an 1800 sq ft home worth $250,000 than it is to move to a modern home with similar square footage worth upwards of $375,000. With that difference in price, a full home remodel with new floors, new paint, new moldings, new cabinetry and countertops, and even a new roof would be less expensive than moving, and you could even add a new patio with that budget difference! Not only is this a cost effective choice, but according to an article from remodeling.hw.net, if you decide to sell your home, you can actually recoup much of your investment cost.
2. You Have Full Control
In a remodeling project, you have full control over what color palettes, textures, themes, or products are used on your home. From selecting the most visible aspects like the cabinetry from our line of over 75 colors, to the least visible like the insulation, you can pick and choose what materials will make up your dream home. Once you are done, you can be proud of a home that is well, and truly your own. If you bought a new home, the real estate developers would have chosen all of this for you.
3. You Can Increase Energy Efficiency
With the advent of efficient home-tech, and smart homes, remodeling is your opportunity to deck-out your home with all the hardware and perks you can imagine. Selecting roofing materials with the EPA's energy star rating can reduce home energy costs by up to 15%. Or installing a skylight can make your living space feel more open and bright throughout the day without turning on a light, and even energy-efficient insulation can lower power expenses and quickly pay for itself. With all that energy efficiency, you can feel better about, not only your home's carbon footprint, but also about your shrinking power bills.
4. You Can Make Your Home Safer
Especially in Florida where hurricanes and harsh thunderstorms are a frequent issue, upgrading your home's windows to dual-pane or impact resistant windows can protect you and your family from life-threatening debris and more expensive damages. With Hurricane Irma costing the state billions in damages, an investment in a tile roof upgrade or in impact or dual-pane glass windows can mean thousands of dollars saved in repair costs down the line.