Four Reasons to Make Housing Renovations this Spring
The spring is one of the busiest seasons for home improvement contractors. As soon as the snow melts and the temperatures increase, people begin on their spring cleaning lists and housing renovation plans. There are many reasons to plan a home improvement project this coming spring. These are just a few of the most important reasons.
To improve the value of your house
The longer that you own your house, the more equity that you hope to gain. This simply means that when it comes time to sell, you should end up with a profit. Making your monthly payments over time is one of the easiest ways to increase your house?s value. Another option that is much quicker is to make home renovations that give you a return on your initial investment. You can get as much as 100% of a return on some housing renovations, as long as they are completed by licensed home improvement contractors. Additionally, making renovations and repairs will ensure that you do not actually lose money on your house.
To improve the livability of your house
Are you fed up with the lack of storage space in your house? Do you wish that you had a bigger and more open kitchen, so that you could entertain? Have you always imagined turning your dark and dusty basement into a second playroom for your children? Most homeowners have at least one thing they wish they could change about their house. Sure, you could sell your house, upgrade, and pay thousands of dollars more to achieve your housing desires. Instead, you could hire home improvement contractors to make these additions and make you fall back in love with your house again.
To improve utility efficiency
If you have noticed a significant increase in your utility costs since moving in, there could be a problem. Hiring home improvement contractors to upgrade windows, increase insulation, or upgrade your HVAC system can help with your increasing utility bills. Even a new window installation can make a big difference. Windows that are drafty and let air escape can increase your energy bills by 10 to 25%. Working with home improvement contractors on replacement windows or other projects that will increase your utility efficiency can help to save you money over time.
To repair something
Houses often need repairs to stay in working shape. This spring, many home renovation projects will be with the goal of making repairs. It is a good idea to set aside money each year for any unexpected repairs. On average, homeowners will spend between 1 and 4% of a home?s value annually on maintenance and repairs, which tend to increase as the house ages. For a $200,000 house, that is at least $2,000 in repairs every year. It is a good time to start saving for any needed repairs now, before the busy renovation spring season arrives. Also, keeping up with repairs will help your house?s value stay consistent and will make it easier to sell, when the time comes.
A recent survey found that nearly two thirds of consumers are planning on renovating their homes. Many home buyers take advantage of buying a house that needs minor renovations. The sale price is often much less and they can make their repairs and renovations on their own time. Spring is when many homeowners will begin this year?s projects. There are many reasons to make housing renovations. Whatever your reason is, make sure you have your project and contractors scheduled for the upcoming busy season.