Whether for the modernity of your home or for its market value, home renovations can usher in the newfound charm that your home might be in need of. If it’s something you’ve recently considered, you’re not alone. Two-thirds of recently surveyed homeowners are planning on having home renovations done in the near future, while more than 50% of similarly surveyed homeowners stated that they renovated their homes just in 2014.
There are a number of reasons why considering and undertaking home improvement can be a good investment. Whether for maintenance reasons or simply to incorporate modern aesthetics, homeowners surveyed by Houzz stated that 80% upgraded the main structure of their homes, while 62% recently upgraded outdoor spaces and structures. Yet, besides the purposes of aesthetics, home remodels can prove to be beneficial. Each year, homeowners tend to spend between 1-4% of their home’s value on simple maintenance and repairs that could be fixed with long-lasting home repairs. With home renovation, you can enact long-term preservation for your home — requiring less repairs and upkeep in the immediate future and for time to come.
One home renovation example that produces long-term results is replacing your home’s windows. Unless you bought a brand new home, you might not know how old the windows of your home are. If your home has old, drafty windows, it might be cause you to increase your monthly energy bills by 10-25%. With new, high-quality dual-paned windows, you can effectively (up to 2 times as much) retain your home’s heat and air conditioning, when compared to the single-paned windows that were commonplace within the past few decades. Plus, properly maintained dual-paned windows, dependent on the quality and material used, can last 20 years or longer. By having replacement windows installed to your home, you’re making a long-term investment with immediate, verifiable results.
Another prime example of home renovation with a multitude of benefits is having your home’s roof replaced. While some people take it upon themselves to replace their own roofs (the cost for a 2200-to-2600 square foot roof averaging between $1,000-$4,000), it can lead to mistakes, which might result in leaks and poor ventilation and heat retention. While seeking out a professional roofing business is usually more expensive (averaging between $2,000-$8,000 for the same size roof as before), you know that you’re paying for quality, efficient work. The type of roof you’re looking, whether asphalt, galvanized metal, or stainless steel and aluminum, is dependent upon your price point, how long of an investment you’re looking to make, and the recommendation of your remodeler and roofer.
Remodeling is a progressive, smart decision to make as a homeowner with an older home, or simply for someone wishing to upgrade what they currently have. Once you decide just what it is that requires a home renovation andfind the right remodeler for you, you can begin working towards taking the right steps in improving the condition of your home.
