8 Reasons Why Now Is The Time To Remodel Your Home

 

Warmer months are all about switching things up, so now is the perfect time to remodel your home. With winter officially gone and summer in full swing, you might look around your home and wonder what you can do to make it even better. Depending on your needs and the current condition of your home, your home projects might range from small to large, time-consuming remodels. There’s no time like right now to start remodeling your home. Here’s why. 

1.  You Know What You Want

You’ve had a lot of time to think about your home, especially if you’ve started working from home. Many people start thinking about how they can improve their homes immediately after moving into a new home, but it can take years for you to decide to commit. Maybe you’ve been frustrated only with one room lately, so you’ve started brainstorming ideas on how to fix it. Home improvements don’t have to be full remodels, so it’s normal if you want to target a single room instead of the entire home to upgrade the house without spending too much money. 

2.          Less Demand

Interest rates on loans right now are high, so many people aren’t using debt as a way to finance their home remodels, which means less demand. When there’s less demand, contractors will complete work faster, allowing you to take advantage of the fact interest rates are high if you’re not using a loan. Since contractors have fewer jobs right now, you’ll be able to remodel your house much faster. 

3.          Supporting Local Businesses

Many businesses are worried about a recession, but by remodeling your house right now, you can support local businesses like contractors, tile stores, fabric stores, and more. Of course, you could buy everything you need online, but that likely won’t support local businesses. So whether you’re remodeling a kitchen and need appliances or putting new tile in a bathroom, try to find stores in your area that you can support. 

4.          The Honeymoon Phase is Over

When you first buy a house, you may love it because it’s new. At that point, you have already dedicated tons of money and time to a house, so you might not have the energy or the savings to remodel. Even after moving in, you may have still had to spend thousands of dollars repairing the home and buying new appliances. 

 

However, after a few months or years in the home, that honeymoon phase wears off, especially as your savings account recovers from the down payment you put on the home. The more time you spend in a place, the more you can become annoyed by its faults. For example, something as minor as a broken door handle can bother you daily. Individuals who have homes with larger problems will likely want to do something about them just a few months after moving in. Consider doing some DIY renovations that can help you fall in love with your home again. 

5.          Money Saving Opportunities

Believe it or not, remodeling your home can save you money. If you’re repainting every year because the previous owners used low-quality paint before you moved in, or your carpet isn’t standing up to wear and tear, you can make upgrades. Investing in higher quality materials and appliances like better paint and carpet, or changing your flooring completely, means you won’t have to replace things as often. 

 

Ultimately, higher quality materials stand up to wear and tear better, so your carpet won’t get worn down from walking on it after a few months. When you no longer have to replace things every few years, you will save money in the long run. 

6.          You Want to Enjoy Your Home

Most people have to compromise when buying a home, especially if it’s their first home. Maybe you wanted two bathrooms, high-end appliances, or a nicer bathroom, but your down payment and budget weren’t enough to get you everything you wanted. While that’s normal, it doesn’t mean you can’t do anything about it. After living in a house for years and saving money, you can make upgrades that allow you to fully enjoy your home and get everything you want out of it. 

 

Remodeling your home can make it feel more comfortable and relaxing, especially if you’re finally able to get every feature you want. 

7.          Increase Your Home’s Value

One of the biggest reasons to renovate or remodel your home is to increase its value. The real estate market has gone through many ups and downs in the past few years, but that doesn’t mean you can’t invest in your home to sell it for a higher price. Upgrades are a huge factor in how you price your home, so even if you don’t have any plans to sell right now, any upgrades you make can help you sell your house for more later. 

 

Even small upgrades such as updating hardware in your kitchen and bathroom can increase the value of your home. However, you’ll need to be careful if you plan to sell your home soon; some upgrades can lower the price of your home, especially if those upgrades aren’t something most buyers look for in a house. 

8.          Reduce Utility Costs

We’ve already talked about how one aspect of remodeling your home can save you money because you won’t need to constantly fix things. However, remodeling can also save you money on your utilities when you upgrade to energy-efficient appliances. Everything from better insulation and windows to your washer and dryer can make a difference in your monthly utility bill. 

Remodeling Your Home

Once you remodel your home, you can consider getting new furniture or new art for your walls, like canvas images of your favorite photos to give your home the personal finishing touch on its upgrades. Even if you don’t plan on selling your home any time soon, you can still remodel it to ensure you love your house for as long as you have it. Everyone has a few annoyances about their homes, from small problems like a broken appliance to larger problems like a worn, broken deck. No matter what upgrades you make, always consider your budget. While right now is a great time for anyone to start upgrading their home, you never want to bite off more than you can chew. 





 

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