Why Do We Remodel?
January 22, 2018 | Annie Cole
There are many reasons for remodeling and when completed you may have new fixtures and materials, but also more beauty, aesthetics, and a pinch of your own personality.  And to boot many remodels also increase the resale value!

Why do we remodel?

•Upgrade worn-out surfaces, finishes, and materials

•Add functionality and livability

•Time for a change

Where do I get the most bang for my remodeling buck?

Kitchen



Homeowners said they had a greater sense of enjoyment and desire to be home after their kitchen remodel. Realtors found that upgraded kitchens sold faster than totally renovated ones, but the return value was about the same.

Why do we remodel?


•Replace worn materials


•Update or modernize


How did homeowners feel after the remodel?


•90% had a greater desire to be home


•86% had increased sense of enjoyment


•93% feel a major sense of accomplishment


Bathroom



According to NARI the second area to consider renovating is the bathroom.   Some may consider the addition of a bathroom as well.  After the project was completed, homeowners were happy with the better functionality and livability. 

Why do we remodel?


•Customize or modernize


•Add new features


•Replace worn surfaces, finishes, and materials


Flooring



Our floors take a real beating day in and day out. Homeowners may or may not be aware of the lackluster appearance their floors have. Others maybe ready to give their floors a customized look!

Why do we replace flooring?


•Time for a change/new look


•Surfaces and finishes are worn-out


•Upgrade to a new flooring material


Were the homeowners satisfied with their renovation?


•23% were happy with the beauty and aesthetics


•24% impressed with functionality and livability


Master Bedroom



A decent amount of time is spent in the Master Bedroom and this room has become a sanctuary for many homeowners.  The Master Bedroom is a retreat and maintaining that feeling of serenity is key for many homeowners.  

Why do we  renovate the master bedroom? 


•Add innovative features 


•Improve livability


•Time for a change


Were the homeowners satisfied with their renovation?


•88% had a greater desire to be home and an increased sense of enjoyment with he finished results


Closet



With a closet renovation comes better organization and improved livability. As a result homeowners had an increased  sense of enjoyment when they were home.  73% of consumers said they would do a closet renovation to improve organization and storage.

Air Conditioning and Heating (HVAC System)

52% of homeowners would replace HVAC to improve improve energy efficiency.  If your unit is aged, you may want to invest in a new one before it goes out at the height of summer temperatures.  

Many real estate  agents have suggested  that sellers replace HVAC before attempting to sell.  This investment could cinch a closure for them!  

Source | 2015 Remodeling Impact Report | National Association of REALTORS® Research Department



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