With home values increasing and home loan rates rising, many householders are opting to show their current home into the home of the dreams through custom home remodeling.
The nation's Home Builders Association reports that approximately $280 billion was spent on home renovations in 20051. This amount is expected to continue to rise due to the concern for homeowners to include value for their existing home with their need to modernize their house. A custom remodel allows the homeowners to reflect their very own style and individual tastes - from integrating a theme to presenting unique styling and colors.
Two of the most widely used custom projects contain kitchen and bath remodels. These traditionally contain incorporating a far more luxurious feel and look to the existing rooms and may include adding custom products such as high-end tiling, fixtures or elements.
Using the current trend in creating an "open" kitchen and living space for entertaining, comes the emphasis of making specialty areas created specifically for individual family needs. With added sq footage to spread out up an area, along with stunning granite countertops throughout, custom cabinetry, and stainless steel appliances that are as beautiful because they are functional, homeowners are now able to made a modern kitchen that can take center stage and looks fit for any gourmet chef to prepare in.
The increasing desire for homeowners to rework their homes can also be related to the elevated interest in adding value to an existing home. By additional square footage, you haven't only transformed the living area but you've instantly increased your home's resale value. For example, a recent remodeling survey found a midrange remodel costing $10,499 would recoup 102.2% of their cost when the house sold inside a year2.
Once you have made a decision to rework, you'll need to make contact with an experienced and reputable, licensed general contractor. When it comes to getting a general contractor, it's important to research your options and punctiliously do your research. The local homebuilder's association is a superb source to find out information on local and established contractors. Also, ask the contractor for customer references and contact these customers to find out what type of work the contractor did in addition to their opinion of the contractor.
What do to consider when hiring a contractor? Hiring the best contractor is detrimental to your remodeling project's success. Below are some helpful suggestions to follow along with:
- Look for a contractor who specializes in the type of remodel job you are interested in.
- Locate an experienced contractor who's established and has a name in your community.
- You need to look for a contractor who communicates along with you and shows enthusiasm concerning the opportunity.
Your house is your most precious and valuable assets. Make sure to protect your investment by choosing the best contractor for the remodeling project.