The Cons
Remodeling a home is a huge decision. As you discuss it with your spouse or family, consider these potential challenges.
It can be expensive
No matter how you spin it, remodels and renovations are investments. This can be especially true if your remodel includes updating HVAC systems, which could cost between $4,000 and $9,000. When you factor in painting, appliances, cabinets, and other factors, you could be paying three, even four times this. It’s best to start with your budget, choose the updates you want to make, and make them work according to what you can afford.
It’s time-consuming
A good home remodel takes time--a lot of it. Remodeling just a kitchen alone can take up to a week or more. That could mean a week of eating out, maneuvering around half-completed spaces, or even require staying at a hotel or friend’s home.
Tax Increases
Updating your home can increase its value, but that can come with property tax increases. This happens after county tax assessors or appraisers track improvements made to your home and apply it to the home’s value.
Complete Overhauls
If you are considering a complete overhaul of your home, it might be better to consider other options. The large investment made in a complete overhaul is better spent on renovating a few key spaces or fixing lingering issues, then using that is left to sell your home.
But on the Plus Side!
At FloorQuest, we’re optimists, so let’s counteract the cons with the good news. When you remodel your home, you can expect these benefits.
Personalization
With your newly remodeled home, you will come to love a space that is intimately yours--your style, colors, and features. Feel a sense of accomplishment for achieving your ideal space.
Increased Home Value
To reiterate, upgrading your home increases its value. Yes, that does potentially mean higher property taxes, but this puts you in a better position to sell your home, if that’s the goal. You might also find yourself in the position to secure a better rate when you need to refinance.
Lower the cost of maintenance
A valuable trade for home upgrades--especially in the case of appliances--is that new items require less maintenance. Over time, save on repairs and enjoy the peace of mind from not having issues that need professional attention.
Weighing the options?
The FloorQuest team has years of experience, remodeling countless homes. We understand any questions or reservations you might have, and are happy to talk through them with you and lend our advice. We’ll come up with a solution that best fits your needs and schedule, whether you plan to stay in your home or put it on the market.
Don’t be discouraged. Contact us today, and learn about our free in-home estimates!
