With the current home resale market what it is, we aren’t surprised by the number of homeowners opting to ‘grow in place’ or simply reworking a space to renew their love of home.
We all love the idea of being able to customize our homes to our own tastes and desires, but the process of doing so can be be a bit daunting. When considering a home renovation it is important to recognize the many benefits that come with them, apart from the obvious fresh paint and modernized amenities. From adding value to your home to increasing energy efficiency and improving lifestyle comfort, there are many advantages to remodeling or renovating your home.
One of the most immediately obvious benefits of a home renovation is that it can add significant value to your home. Depending on the types of updates you make, you could end up increasing the total value of your home by thousands of dollars. Even small changes, such as painting the walls and putting in new fixtures, can result in a higher home value. The more significant changes, such as adding a new bathroom or kitchen, will add to the home’s financial value even more.
Improving Energy Efficiency
Another great benefit of renovating is that it can offer a great opportunity to improve the energy efficiency of your home. There are many ways to do this, such as installing double- or triple-paned windows, upgrading your insulation, or replacing your old HVAC system. All of these updates can help your home to use less energy, which can save you money on your energy bills and be a more environmentally friendly choice.
No packing, moving or land transfer tax
Choosing to renovate in place instead of moving actually reduces the amount of work, stress and change your family will need to endure.
Living in your already-familiar surroundings gives you the opportunity to use your existing knowledge of the area, its schools, and amenities. By staying in the same place, you can continue to grow your relationships with neighbors and other members of the community. This can be especially important for families with young children, who may already have built relationships with local friends and establishments.
Renovating also allows you to save money on the costs associated with moving, such as moving companies, realtor fees and land transfer tax. Our clients often use the money they save to fund much of their renovation expenses and make their dream home come to life.
Increasing Comfort and Lifestyle
Home renovations can also help to improve the overall comfort and lifestyle of your household. You can add new design touches that make your home look more inviting, such as built-ins and new flooring. You can also add features that can make your home more comfortable, such as a patio or a new home security system. These changes will make your home more enjoyable to spend time in and can improve your overall quality of life.
Ultimately, a home renovation can be a great way to make your home look better, add value, and improve your lifestyle.
Yes, there will be mess! Yes, it can take a fair amount of time, especially with supply chain issues.
But, keep front of mind all the great benefits! Our team works purposefully to reduce the disruption and stress for our clients, and as you can see from our happy client testimonials, we do a pretty good job. If you are considering a renovation, we do hope you will reach out! Contact us to get started.