A home remodeling project can be an excellent option for homeowners looking to update their living space rather than move to a new home.
There are several reasons why remodeling is a better choice than moving.
This article explores the top reasons why a home remodel is better than moving, including cost-effectiveness, customization, location, equity, time, emotional attachment, and more.
With the ever-rising home prices, remodeling your home can be less expensive than buying a new one. The cost of moving, including realtor fees, closing costs, and the home buying cost, can add up quickly.
You can update your existing home without incurring these additional expenses with a remodel.
Additionally, remodeling allows you to make the changes you want to your current home to get your dream home, rather than compromise on one that may not have all the desired features.
When you remodel your house, you can customize it to your specifications. You can choose the colors, materials, and finishes you love and create a space that reflects your style.
This allows you to create a unique home for you and your growing family rather than settling for a cookie-cutter home that may not fit your needs or preferences.
Moving to a new home often means leaving behind the neighborhood and community you love.
With a remodel, you can stay put and continue enjoying the location and community you have grown to love.
This can be especially important for families with children, as they may have established friendships in the area and want to stay in their school and extracurricular activities.
Additionally, you won’t have to go through the hassle of finding a new home in a new location, which can be time-consuming and stressful.
Remodeling your home can increase its value, adding to your equity. This can be a great way to build wealth over time and invest wisely in your property.
Additionally, if you decide to sell your home in the future, the remodel will make your home more attractive to potential buyers, which can help you get a better price.
Moving to a new home can be a time-consuming process, between finding a new home, closing on the sale, and then moving all of your belongings.
A remodel can be completed in a fraction of the time it takes to move, and you can move back into your home as soon as it is finished.
Additionally, you don’t have to go through the hassle of finding and moving into a temporary living space during the remodeling process.
Your home is one of your most emotional attachments. It’s where you have spent many happy moments, your family has grown, and your memories have been made.
Moving from that home means leaving all of that behind and starting anew. A remodel allows you to keep those memories and make new ones in the same place, which can be a comforting feeling for many homeowners.
Remodeling enables you to add new functional space, such as a new room or an addition, or even to change the floor plan of your home. This is something that buying a new home wouldn’t allow you to do.
Remodeling your home is also an environmentally friendly option. It reduces the need to demolish and build a new structure, which can have a significant environmental impact.
Additionally, you can use sustainable materials and energy-efficient appliances during the remodeling process, which can help reduce your carbon footprint and make your home more energy efficient.
Home Remodeling Options That Will Increase Your Home’s Equity
Regarding home remodeling, certain choices can improve your living space and increase your home’s value and equity. Here are a few options to consider:
Kitchen remodels: A kitchen remodel one of the most popular home remodeling projects as it can significantly improve the value and functionality of your home.
A kitchen remodeling typically includes updating the cabinets, countertops, appliances, flooring, and lighting.
Consider adding an island, a pantry, or a breakfast nook to increase the amount of counter space and storage.
Upgrading energy-efficient appliances and adding a backsplash can add value to your home.
Finishing a basement or attic
Finishing a basement or attic can add valuable living space to your home. This can include an extra bedroom, bathroom, living room, or home office.
Finishing a basement or attic can increase your home’s overall square footage and boost its value.
It is important to note that finishing a basement or attic can be quite complex and may require permits and inspection to comply with local building codes.
Renewing the exterior
Renewing the exterior of your home by painting, siding, or updating the roof can give your home a fresh new look and improve its curb appeal.
This can make your home more in the real estate market and increase its value. This project can also include updating or adding outdoor living spaces such as a deck, patio, or porch.
A bathroom remodel is another popular renovation project that can improve the value and functionality of your home.
A bathroom remodel typically includes updating the fixtures, tile, and lighting. Also, consider adding a spa-like shower or a soaking tub to make your bathroom more luxurious.
Installing energy-efficient fixtures, such as low-flow toilets and showerheads, can also save water and energy costs.
Adding an extra bedroom: Adding a spare bedroom to your home can increase the overall square footage and the number of bedrooms, which can boost your property value.
This is especially true if your home has a limited number of bedrooms. You can achieve this by converting an existing room or by adding a room addition to your home.
Adding energy-efficient upgrades to your home can make it more energy-efficient, saving you money on utility bills.
This can include new windows, insulation, and HVAC systems. These upgrades can also make your home more attractive to potential buyers, who will appreciate the energy savings.
Additionally, by making your home more energy-efficient, you can reduce your carbon footprint and positively impact the environment.
Remodeling choices can vary significantly in terms of cost and complexity, so it’s essential to research and choose the projects that will give you the most bang for your buck and meet your needs.
Consult a professional remodeler or real estate agent to understand which projects will most likely increase your home’s value and equity and meet your personal preferences.
What’s the Average Cost of Home Remodeling
The average cost of home remodeling can vary widely depending on the project’s scope and the property’s location.
According to the NAHB (National Association of Home Builders), the average cost of a minor kitchen remodel is around $22,000, while a major kitchen remodels can cost around $64,000.
Bathroom remodeling can cost approximately $10,000 for a minor renovation and $30,000 for a significant renovation.
Energy-efficient upgrades, such as new windows, insulation, and HVAC systems, can cost around $5,000 to $30,000 or more.
It’s important to note that these costs can vary significantly depending on the location, the type of materials used, and the project’s complexity.
It’s best to consult a professional remodeler or a cost estimator for a more accurate cost estimate based on the specific project and location.
Affordable Home Remodeling Services in Oklahoma City, Ok
At Wright Way Roofing and Construction, LLC, we take pride in being one of the best home remodeling companies in Oklahoma City.
We have a team of skilled and experienced professionals dedicated to providing high-quality work and exceptional customer service.
One of the perks of working with us is our commitment to communication. We understand that home remodeling can be stressful, and we strive to make the process as smooth and stress-free as possible.
Another perk of working with us is our attention to detail. We understand that every home is unique, and we take the time to understand your specific needs and preferences.
We will work closely with you to create a customized plan that fits your budget and vision.
With over a decade of experience, we have the expertise and the experience to handle any remodeling project, big or small. Our services include:
- Roofing Services
- Remodeling Services
- Gutter Services
- Other home improvements
Our team is trained and experienced in the latest industry standards and safety protocols, and we use only the highest-quality materials for all of our projects.
We are also fully licensed, bonded, and insured, and we stand behind our work with a comprehensive warranty.
If you’re looking for a home remodeler in Oklahoma City with reasonable prices and a proven track record, we would be honored to work with you to create the home of your dreams.
Get in touch and let us help you save all that money.