Maybe your living room could use another 10 feet of space. Maybe your kitchen and dining room could be open and connected instead of separate and tight. Maybe you have been living in a master bedroom without an en suite bathroom. Whatever change you hope to make, now is the time to make it. |
What about the economy, though? Will the reno be extremely expensive? How can you afford major work on your property? Why deal with the stress? Here are 5 reasons to go forward with your plans now and get serious about a minor or major home remodel.
1. It Increases the Value of Your Property
According to a report in US News, some home remodeling projects make for very wise investments. For example, adding a deck to your property can yield almost a 90% return on your investment. Meanwhile, minor kitchen updates can yield over 80% of a return. This means that money you spend on updates will not only make you happier and prouder of your home, it will pay off with value increases.
2. It Is Helpful If You Are Moving
On the topic of increased property values, selling high is the wisest way to move out of your current property. When you renovate and make important additions--such as an extra bedroom--or corrections--adding central air conditioning--you add resale value to a home. This means that your home will not only be more attractive to prospective buyers, they will have to shell out more cash to take the deed. This means more money for you to relocate, potentially adding up to you including higher-end homes in your budget.
3. Financing Is Easier Than You Think
Financing a home for remodels can seem like a tough idea, especially if you are currently paying a mortgage on the property. However, there is a simple process for qualifying for a loan. Also, the CA home construction loan rates will be more reasonable than you might expect! When you contact a home financing service team, you can schedule an interview to share all of the information about your project, needs, current capital, and financial history. With this information, the financing team can help you get in touch with qualified and professional lenders that can suit your needs and offer reasonable rates. They will protect your information and connect you with the best financing agreement possible.
4. Love Your Current Environment
Why should you have to move away from a neighborhood you love in order to get a new kitchen or working bathrooms? Why should you have to uproot yourself in order to obtain your dream home? Why not turn your current home into a dream? It is less expensive and far less stressful in the long run to make the best out of the property you own now than move entirely or even construct your own house. You can customize your property for style, originality, and comfort that you have thought unattainable in the past.
5. Plan for the Future
Will you be expecting a new youngster? What about pets? Will your parents or in-laws need an extra bedroom? Are you changing careers and looking for a way to work from home? Do you need to make your home more water-efficient to comply with new state laws? For these and other major life changes, you should plan ahead by giving your home the space and comfort upgrades so that you are not scrambling for quick fixes in the future.
All of the above is easier than you might expect. Renovating your property can be rewarding, fun, and a great investment, and it is all within your grasp. You just have to get your finances in order. While getting loans has seemed like a scary process in the past, CA home construction loan rates are much more reasonable than you might assume. Just be sure to work with the right financing service so that you explore multiple options.
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