Have you been putting off a home remodeling project? Here are 5 reasons why it might be a good time to remodel, maybe even the ideal time, according to many experts.
1. Your lifestyle is changing
Admit it, you’re using your home’s spaces in different ways than you could have imagined when you bought the house. Your lifestyle has probably changed in the last few years: you have an expanding family (or an empty nest), and a busier-than-ever routine. There’s no better time to use those lifestyle changes as a guide to make your home what you want – and need – it to be!
2. Lock in a lower interest rate
If you’re thinking of refinancing or using a home equity loan for your remodeling project, interest rates are still relatively low, but are predicted to rise in the months ahead. You can take advantage of lower monthly payments over the term of your loan if you begin planning your remodel now for a 2018 start. Another win-win option is putting home upgrade expenses on credit cards that offer reward points (or cash back). Get the fresh new updates you’ve been dreaming about AND use those points to treat yourself later!
3. Reduce your maintenance costs
Replacing windows and doors can make a huge difference in the cost of heating and cooling your home. You don’t have to focus exclusively on energy-specific projects, however, to see savings. For example, you can incorporate new, lower maintenance materials and energy-efficient construction techniques when choosing insulation, roofing, siding, as well as counter surfaces, flooring, lighting, and plumbing fixtures. Because it’s a good time to remodel, making smart changes now can pay you back with lower energy and maintenance costs for years to come.
4. Find affordable new options
There are many terrific new options for almost everything you need in updating your home. With countertops, for example, you now have your pick of everything from granite, quartz or solid surfaces to glass and even amazingly high-style concrete. You can take advantage of all the new “smart home” features and appliances that are getting increasingly affordable compared to even a few years ago. Control your lights, window shades, even your oven from your phone!
5. Add the “enjoyment dividend”
Many people put off remodeling until they’re thinking about selling their home. But if you do it sooner rather than later, it also adds to the “daily dividend of enjoyment” you get from that remodeling project. For example, if you’re thinking of selling your home in the next five to eight years, doing a kitchen remodel now lets you enjoy a beautiful design and better livability in the meantime, compared to putting it off and suffering with a small, non-functional kitchen until just before your house goes on the market. In fact, a good remodeling job will add to the value of your home and, with smart choices about design, appliances and fixtures, a kitchen remodel can still look fresh when it’s time to sell the home.
At MBRG, we always strive to help our clients get the absolute most from their remodeling budget. It’s a good time to remodel and right now is a great time to start planning!
So if you’ve had a project in mind, contact us and we’ll take a look at what we can do for you!