Doubling the Return on Your Remodeling Investment
Many people don't realize the dual nature of the return they get from their remodeling investment. When you remodel your home, there are historically both long-term returns, such as an increase in the resale value and marketability of your home, and immediate "daily dividends" which you start receiving as soon as the project is completed.
The return that most people think of, and is most often cited in the press, is the increase in the resale or market value of your home. This is the long-term portion of the return on your investment. It can be high or low depending on the housing market and economy when you sell.
However, few people decide to remodel just because of the likely increase in the resale value of their home. It's not their primary reason; it's a bonus. Most people remodel for the immediate dividends they will receive – those benefits that improve the quality of their life every day.
Home remodeling creates new and improved spaces that let you live and entertain family and friends in ways you just couldn't do before. Imagine relaxing in your new master bath's spa tub or steam shower, preparing a delicious meal in your beautiful new kitchen, or having more space so the kids can have their friends over to play without wrecking the living room or family room.
The best part is that the value of these wonderful daily dividends is NOT dependent on the housing market, financial markets, or the economy. It is only dependent on your timing. The sooner you remodel, the longer you will get to enjoy the daily bonuses of a beautiful and remodeled home that's perfect for you in both design and function.
So, if you expect to live in your home for 15 years, remodeling now will give you a full 15 years to experience the benefits of a home that perfectly meets your needs and lifestyle. You will get double the daily dividend value than if you wait seven or eight years before remodeling.
As events have demonstrated, the housing and financial markets are subject to ups and downs and are, in some respects, difficult to predict. Many kinds of investments are risky, but remodeling your home now is a smart investment with real and meaningful returns you will see and experience every day you live in – and enjoy – your home.
WINN Design+Build Receives Best Of Houzz 2015 Award
 Houzz, the leading platform for home remodeling and design. We were chosen by the more than 25 million monthly unique users that comprise the Houzz community from among more than 500,000 active home building, remodeling and design industry professionals.
The Best Of Houzz awards in Customer Satisfaction are determined by a variety of factors, including the number and quality of client reviews received in 2014. WINN will receive a "Best Of Houzz 2015" badge on our profile, helping Houzz users who discover and love our work to learn even more about WINN's popularity and satisfaction rating among others in the Houzz community.
Follow WINN Design+Build on Houzz.
Maintenance Tip: Snow and Ice Melt Suggestions
Salt and ice-melting chemicals might be easy to use on your sidewalk and driveway, but they can be harmful to pets, plants and concrete surfaces. An eco-friendly alternative is to use sand or kitty litter to improve traction on icy areas. If you decide to use chemicals, follow package directions carefully, apply thinly and evenly, and use the least amount possible. It's also helpful to pre-apply the product before ice forms.
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Mike Winn |
