As the housing market and economy continue to recover, homeowners across the nation are looking for ways to invest it their home’s value. Now, more homeowners are remodeling and renovating their homes to not only freshen the appearance of their home, but to add value to the property. In fact, 53% of homeowners have made some form of improvement to their home in the past year. Not only is the number of people renovating their home increasing, but also the amount homeowners are willing to spend. 56% of homeowners spent more than $1,000 improving their home last year. The growing wave of residential remodeling and renovations is due to the various benefits improvements add to a home’s value.
Increases Home’s Value
With the housing market steadily recovering, many homeowners are looking to sell their home in the future. However, in order to do so, they must increase their home’s value for a lucrative profit. By updating a single-family home with a more modern appearance, added space, or energy efficiency, homeowners achieve a higher return on their investment.
Among the most popular home renovations include:
- Adding more space
- Enhancing curbside appeal
- Bathroom/Kitchen remodels
- Insulation upgrade
Become Energy Efficient
Today, we live in an environmentally conscious world. Everyone is trying to reduce their negative impact on the environment. One way homeowners are achieving this is through upgrading their home to become more energy efficient. By updating lighting, widows, plumbing, and even insulation, less of a negative impact is left on the environment. However, an energy efficient home also adds more value to the property while also decreasing the homeowner’s monthly utility and maintenance costs.
The top projects homeowners are investing in to make their home’s more energy efficient involve:
- Insulation upgrade
- New windows/doors
- Upgraded roofs
Benefit Your Bottom Line
We tend to live in a do-it-yourself world. Many homeowners try to handle their residential remodeling and renovating on their own. However, they quickly find they are in over their heads or do not achieve the results that had wanted.
As experienced residential general contractors, we recommend you protect your investment by leaving the remodeling and renovations to the professionals. We will help you update your home to achieve a maximum return on your investment. For more than 20 years, our highly trained general contractors have helped homeowners achieve the results they envisioned with high-quality services.
Invest in your home’s value today. Contact Pride Development & Construction for your residential remodeling and renovation needs.