Remodel or Renovate

Remodeling

 A whole house remodel involves more design work, as it includes some combination of, making changes to the sizes and shapes of rooms, adding more rooms, modernizing your home, and changing the way your home looks, feels and works.   

Remodeling and Renovation

 A whole house renovation is when you like your home and its basic layout and size, but it is old and really needs to be “renovated” and modernized. This usually means a new kitchen, bathrooms, often new wiring, plumbing, fixing of structural defects, new windows, new roof, and so on. It involves design work but does not change the layout or size of your home.  

Restoration

 

Disaster Restoration: This type of whole house restoration is to bring the home or business back to the way it was before a disaster like a fire or some natural disaster. This requires some skill sets not all remodelers have, such as when a home is flooded and dealing with the water damage to the parts of the home not being replaced like framing.


Historic Restoration: The purpose of a historic restoration is to bring the home or business back to the way it was at some point in history. For example, if your home was built in the 1700 or 1800’s you may want to bring it back to the way it looked when it was first built or sometime after. Most historic restorations do update the inside of the home to be modern and may change the internal layout of the home or built on to it.

Your Biggest Investment

For most of us, our homes are not only where we live but also our biggest investment. 


When considering home remodeling and improvement projects, the best starting point is your own home improvement needs. How much more do you think you will enjoy your home if you remodel?  How long do you think you’ll stay in the house?

If you are planning to stay in the house ten years or more, most of your decision should be made based on how much the enhancements will improve your lifestyle.


If your length of stay is shorter, uncertain, or a contemplated project is quite large, you have to pay more attention to the improvement’s impact on probable resale value.   Kitchen remodels and adding a deck boost your home resale value by as 80%.

A mid-range kitchen remodel  could boost your resale value by 80%.

A mid-range kitchen remodel  could boost your resale value by 80%.

Distance or Curb Appeal

Defines how well the property looks from the street. If someone doesn’t have any interest at first glance, you’ll never get them inside. 


Landscaping and paint or siding are the biggest factors in curb appeal.


Curb appeal is a big factor in selling your home.

Curb appeal is a big factor in selling your home.

Deficiency

Deficiency has to do with whether or not your house is flawed compared to nearby homes.


If you have one bath, for example, and everyone else in the neighborhood has three, adding a bath is likely to have a relatively high return.


Obvious deficiencies substantially reduce the value of the home. People tend to lower the offering price by an amount greater than the cost of the remodel.





A mid-range bathroom remodel  could boost your resale value by 70%.

A mid-range bathroom remodel  could boost your resale value by 70%.

Distinctiveness

Distinctiveness is the one thing most people talk about. When people buy a house, they tend to buy on emotion and then back up the decision with rational considerations. A key to selling a house at a good price is to get the buyer emotionally interested in the home.


Homes generally sell better if they have two or three special or distinctive features. A walk-in closet, a whirlpool bath, a fireplace, attractive landscaping or a grand foyer can separate your home from the crowd and stir interest for buyers. These special features become very important in a competitive real estate market where a lot of similar homes are on the market.

A wooden deck addition could boost your resale value by 82%.

A wooden deck addition could boost your resale value by 82%.

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