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Any time you decide to remodel your home you are adding value to your property. Think of how a bathroom remodel can create a space to relax and unwind with a spa-like experience every day. Or how about remodeling the basement to make a new family zone. However, some remodeling projects naturally ad more value to your home while offering a higher return on investment too.

Equally, opting for the right type of product alongside a correct installation by the right contractor is the only way to ensure you get the best bang for your buck.

One of the main reasons people remodel is simply to increase their overall quality of life. By remodeling, you not only change the aesthetic appeal but functionality too.

Once you start to consider remodeling any part of your home, however, it’s important to remain realistic about all your options. Making rash decisions or being impulsive can really end up costing you more money in the long run.  Before doing anything, you absolutely must have a clear vision for what you are trying to achieve. Here are some of the top reasons to remodel your home. 

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The Top 5 Reasons to Remodel Your Home 

Homeowners consider remodeling for many reasons. Here are some of the top reasons you might want to consider. 

1. Update an outdated home

Older homes can often benefit from some cosmetic renovations. This is especially effective when getting the property ready for sale. Older plumbing pipes and wiring may have to be replaced. When trying to update your home’s older look, it boils down to a simple question of whether or not remodeling will mean less maintenance and long-term savings – which is at the top of the priority list for most homeowners.

2. Eco-Friendly Remodeling

Green homes have been on the radar for many years. Solar panels on the roof instantly you to the position of the responsible homeowner, making your property that much more attractive if you’re ever in the market.

Energy-efficient products like solar panels or replacement windows allow you to save on your energy bills while not only creating a more comfortable environment all year round but, at the same time, doing your bit for the environment.

Energy-StarEnergy-efficient certified products come with a myriad of benefits – but always check for the genuine Energy Star approved product.

By confirming the correct certifications, you will be assured that the overall value of your home will be increased while lowering your insurance costs too.

More importantly, these types of products qualify for local and federal programs and incentives, so be sure to check locally.

3. Mandatory Home Security

It doesn’t matter if you’re a renter or homeowner – security is your responsibility.  However, choosing the right type of home security system is essential.  Installing some motion sensors and cameras without committing to a company with contracts is easier than ever.

However, opting for a reputable home security provider with 24/7 monitoring is often the only thing that will give you peace of mind  – knowing that their family and home are safer.

4. Ageing-In-Place

There are many improvements that can be made to the average home to make it more accessible to seniors and those facing mobility problems.

Have you ever considered the fact that the inability to bathe oneself is one of the main reasons for being admitted into a care facility?  Remodeling your bathroom to add a walk-in tub is arguably one of the smartest investments.

Equally, the installation of a stairlift can offer some much-needed independence and allow you to remain in your home and comfortably age-in-place without any special care or assistance.

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Remodeling your home could mean the difference between selling the home you love and moving, or remaining in the same place for many more years to come.

Tips for Hiring a Contractor

Comparing estimates from professional contractors is unavoidable. Simply put, it’s part of any home remodeling project and the only way to get an idea of how much your remodeling project is going to cost. Gathering estimates will also help you figure out which contractor will be the best fit for your specific project.

Compare at least 3 estimates

home-contractor-renovationWhen you compare quotes, check at least 3 and don’t just settle on the cheapest estimate.

Correctly vetting potential contractors online and reading their reviews can go a long way to ensuring your project’s success.

Licensed and Insured

Your contractor absolutely has to be licensed and insured. This is not up for negotiation. If your contractors are not able to present proof of up-to-date insurance and licensing, they will more than likely not be able to perform the work up to code or be covered in the event of an accident.

Getting the best contractor on board can make the difference between success and failure. More importantly, they can save you potentially thousands of dollars along the way.

The Cost To Remodel Your Home

Home remodeling project costs can vary widely and knowing what sort of ROI you are looking at might go a long way to helping you decide.  According to Remodeling’s annual report, some of the most common home remodeling projects offer a very good return on investment. However, most of these projects will depend on whether or not the job has been handled by professionals.  Incorrect installations are the primary cause of premature maintenance, early replacements, and sub-par performance.

Without reaching out to local professionals it would be virtually impossible to estimate how much your specific remodeling project is going to cost  – and exactly what the ROI might be.

However, based on national averages, here’s what you should be budgeting and what you can expect for the return on your initial investment.

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The national average price range for a home remodel, however, comes in anywhere from $2,000 to $25,000. It naturally depends on what you are trying to achieve and what your budget dictates. .

When tackling serious remodeling, most homeowners end up report an average of $13,000. Naturally, a lot will also depend on your location, the regional pricing trends, the brand of product you choose, as well as the various factors that can influence installation.  Here are some of the most popular home remodeling costs to consider:

Home Remodeling Costs and Return on Investment (ROI)

Type of Remodeling Cost % ROI
Window installation

$150 – $16,850 60-80%
Bathroom addition

Spa-Bathroom-remodel

$45,000 – $88,000 62%
Kitchen remodeling

kitchen-cabinets

$12,000 – $78,000 60%
Bathroom remodel

hydrotherapy-tub

$3,500 – $60,000+ 50% – 62%
Basement remodel

basement-remodeling

$6,500 – $30,000 70%

Check Licensing and Insurance

Before you go ahead and do any remodeling around your property, remember that you should never hire unlicensed masonry and building contractors.

Taking the time to do your research and to ensure your builder is licensed and properly insured is not negotiable. Licensing qualifications can vary from state to state and city to city, so check e to verify the requirements with your local municipality before any work commences.

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Compare FREE Home Remodeling Costs

If you are trying to figure exactly how much your home remodeling project is going to cost, why not get in touch with local contractors right now and start to compare their estimates.