Are you weighing a home remodeling project against the idea of purchasing a new home? If so, you’re not alone. It’s a common dilemma for many homeowners in the Greater Houston area. The housing market in Houston can be difficult to navigate at times. The lack of new custom homes coming to market has caused prices to rise significantly in some of the most desirable areas. As a result, finding the exact house you want for a reasonable price is not easy. Furthermore, relocating your family from a comfortable area presents another set of challenges. In this article, TriFection explains why a smart investment in a home remodeling project may be your best option.
Home Makeover Instead of Moving
In some circumstances, such as a job transfer, the need to move is unavoidable. However, when the objective is a bigger, modern and/or more custom home, homeowners can choose between remodeling or moving. Many factors come into play when trying to make the right decision.
- Is the “perfect” house available on the market today for a reasonable price?
- To what extent must you remodel a newly purchased house to make it your dream home?
- Can you receive the desired value when selling your current house?
- Will a family move prove too disruptive to school, work and recreational routines?
- Can you find a trustworthy contractor capable of remodeling your current home for a fair price?
- Will a remodel significantly increase the value of your current home?
While the considerations for each family are unique, home remodeling is generally a better option when…..
You Really Love Your Current Location
If your family has grown fond of the neighborhood in which you live, strongly consider remodeling the home you already have. Many homeowners love their current area, but they’ve fallen out of love with certain aspects of their home. Perhaps the family has grown, and they need more space. Or, the color schemes and style looked great last century but are now worn and outdated. A well-designed room addition or new custom kitchen or master bathroom can completely transform your home.
When you choose home remodeling over moving, you can remain close to friends and familiar amenities. Your kids won’t have to adjust to new schools and recreational activities.
You Can’t Find the Perfect Dream House
Unless you’re prepared to build a new, truly custom home, finding the “perfect” dream house can be difficult. Existing homes for sale reflect the previous style preferences and functional needs of the current owners, not necessarily yours. You may find a house available for sale that you love, but is the asking price reasonable?
In many cases, homebuyers remodel to some degree after closing to make the house fit their preferences. They spend significant time searching, buying, selling, financing, moving and remodeling. Maybe it would be easier and less costly to simply customize the house they already have.
Home Remodeling Offers a Good Return on Investment
High-quality home remodeling projects have proven to be good investments over time. Upgrades such as custom cabinets, granite countertops, and enlarged showers provide not only more daily enjoyment but also increased resale value in the future. You may be able to recoup most if not all of your home remodeling investment in the form of a higher sale price 5 or 10+ years down the road. Those custom upgrades will make your house stand out amongst the builder-grade comparables in your neighborhood. If your home is relatively undervalued for the area, remodeling can eliminate that valuation gap quickly.
TriFection is Involved with Your Project
Are you ready to speak with a highly experienced and friendly home remodeling professional? Contact TriFection today at 281-548-2436. Let us help you thoroughly evaluate remodeling options. We’ll share creative design ideas as well as honest advice when it comes to an appropriate budget and timing. Check out what our many happy clients had to say about TriFection’s custom craftsmanship and turnkey service.