When considering a remodel project, many homeowners ask, “Is it worth it?” The simple answer involves analyzing the benefits for you and your family. While future return on your investment can be a factor in the scope and style of your remodel or addition, it should probably not constitute the primary consideration in making a decision.
There are some basic principles to remember:
- Design to enhance your lifestyle and meet specific needs
- Be realistic, and set a realistic budget
- Consult with a professional
In analyzing your needs, it is wise to consider how long you plan to live in the home. Perhaps a cosmetic update is all that’s required if you plan to move on within a couple of years. Replacing kitchen appliances and bath fixtures and repainting walls are simple tasks compared to adding a room, altering room functions, or finishing out a basement.
Primary reasons for undertaking home improvement projects are to improve function or to gain space. Improving function is generally the easier of the two, and with a qualified designer and a professional builder you can easily achieve realistic goals. Finding additional living space might require an honest appraisal of the relative merits of adding on or moving out. Again, by consulting with a professional and realistically considering your options, you will be able to make choices that are right for your family.
In terms of expected return on investment, Remodeling Magazine has compiled statistics based on averages in different parts of the country. They might help you when you consider a project to enhance your New Jersey residence.
Trade Mark Design & Build are New Jersey experts in home remodeling, renovation, cabinetry and so much more. We offer free consultations to begin the remodeling process. Check out some of our portfolio here.