Home remodeling can be a fantastic way to increase the value of your property while also improving not only your home but your living experience. Home renovation spending increased from $328 billion in 2019 to $472 billion in 2022, with an estimated 2024 spending of $485 billion, according to statistics reported in Architectural Digest. If you’re on the fence about remodeling your home and you’re in the Pacific Northwest, here are some benefits that may change your mind.
Increase the Value of Your Home
A well-done remodel can increase the value of your home by tens of thousands of dollars. In some cases, it may even be worth more than the cost of the remodel itself. Homeowners who remodel their kitchens see a median return on investment (ROI) of up to 100%. Remodeling, in general, can boost the value of your home, especially those that focus on kitchens, bathrooms, finishing basements, and adding outdoor elements such as connected outdoor kitchens.
Kitchens and bathrooms are the most popular rooms to remodel, but any room in your home can be remodeled to increase its value. If you’re thinking of selling your home in the near future, a remodel may be just what you need to get top dollar. If that is not the case, a remodel can still increase its value by making it more comfortable and functional for you and your family.
Improve Your Home's Functionality
One of the most common reasons homeowners decide to remodel is to improve the functionality of your home. If you have a small kitchen, for example, you may want to consider remodeling it to add more counter space and storage. If you have a large family, you may want to add another bedroom or convert an attic into a livable space. You may simply want your primary bathroom to become a spa retreat.
“How do we get more space?” is a question we hear often in our business. A lot of homeowners find it inconceivable that their cramped home could be transformed into a more open and inviting space — one that actually works for their family — without adding on or building up. This is a case where a professional remodeler can help you think outside the proverbial box for possible solutions.
April Bettinger, Seattle Times
Home remodeling can also make your home more comfortable. If you’re tired of your old, outdated kitchen appliances, a remodel can give you a fresh new look with modern amenities. You can also add features like heated floors, ceiling fans, and more to make your home more comfortable and convenient to live in.
Increase Your Home's Energy Efficiency
A well-executed remodel can increase the energy efficiency of your home. If you install new windows, for example, you may be able to reduce the amount of heat that escapes in the winter and keep your home cooler in the summer. You can also add insulation to your walls and attic to keep your home warm in the winter and cool in the summer.
Installing energy-efficient appliances can also help you save money on your energy bills. If you’re remodeling your kitchen, for example, consider installing a high-efficiency dishwasher or refrigerator. Some energy-efficient updates to your home may even be tax deductible.
Smart Home Integration
In the age of technology, integrating smart home features can add a modern touch to your property. Smart thermostats, lighting systems, security cameras, and automated window treatments not only enhance convenience but also appeal to tech-savvy homebuyers. This investment can set your home apart in a competitive market.
Luxurious Touches in Key Spaces
While improving functionality is essential, adding luxurious touches in key spaces can create a sense of opulence. Consider upgrading the primary bathroom with high-end fixtures, a spa-like shower, or even a jetted tub. Similarly, a gourmet kitchen with top-of-the-line appliances and premium finishes can be a focal point for potential buyers. Adding a fitness room, taking out a wall to open up the living room and dining room, adding a wine cellar, or adding a walk-in pantry and home bar can elevate your hosting and entertaining options as well.
Customized Storage Solutions
Tailor-made storage solutions not only improve functionality but also add a touch of sophistication to your home. Walk-in closets, built-in shelving units, and custom storage solutions in unexpected places showcase a commitment to organization and detail, which can enhance your home’s value.
Upgraded Flooring and Finishes
Updating flooring and finishes throughout your home can make a substantial impact. Consider hardwood flooring, premium tiles, or even unique materials like reclaimed wood to add character. Quality finishes in kitchens and bathrooms can elevate the overall feel of your home.
Artful Interior Design
Home remodeling benefits extend beyond construction. Consider the interior of your home as a canvas for artistic expression. Thoughtful interior design can elevate the ambiance and make your home stand out. Incorporate unique elements like statement lighting fixtures, accent walls, unique wallpaper, or custom-made furniture to infuse personality into your living spaces.
Outdoor Living Spaces
Extend your living space beyond the walls of your home by creating inviting outdoor spaces. A well-designed patio, deck, or landscaped garden with seating areas can significantly enhance your property’s appeal. Outdoor living spaces are increasingly sought after, offering a retreat for relaxation and entertainment.
While improving energy efficiency and functionality are common motivations for home improvement projects, there are other compelling reasons to enhance your living space. Elevating the aesthetic appeal and aligning your home with your lifestyle preferences can significantly contribute to its overall value. In this article, we’ll explore creative ways to enhance your home’s value beyond traditional considerations.
Home remodeling benefits include a balance of design, functionality, and personal style. As part of your design-build remodeling project, these benefits can be inspiring. Get in touch and let’s start designing your dream home!