More American families are deciding to stay put and improve their existing homes. Some of the reasons are that remodeling allows you to customize your home to meet your needs and desires, while not having to give up a familiar neighborhood and school. It is also a more efficient use of your finance.
Relocating typically costs about 8-10 percent of the value of your current home. Much of this goes into moving expenses and commissions. Remodeling or renovating makes your home a more enjoyable place to live and should enhance its resale value should you one day choose to move.
Potential buyers will compare your home to ones newly built; therefore, you’ll want to look at the design trends and amenities being built into new homes. Great rooms, master bed and bath suites, and higher ceilings are a few of the features sought by today’s home buyers. Kitchen and bath remodeling typically create the greatest return on investment. These are two of the most used rooms in the home, and they receive the most scrutiny from potential buyers.