If you’re considering renovations for your home, you are most certainly not alone. After all, the industry surrounding home renovations is nothing if not a booming one, and one that seems set to keep climbing ever upwards for the foreseeable future. There are many great reasons to remodel, and many families and households will look into a potential remodel in their own home due to one of these reasons.
For instance, kitchen remodels are quite common in the time before a home is sold. Kitchen remodels can encompass a whole slew of things, from the flooring to the cabinets to even the appliance that are in place. Because of this, saving up for a kitchen remodel is likely to be easier than you first thought. And kitchen remodels can increase the overall value of the home in question by a truly considerable amount, as can other home remodeling projects such as bathroom remodels. Therefore, remodeling projects like kitchen remodels are hugely valuable for many a home in this country, especially in the time that comes directly before selling.
And the selling of an older home can prove to be a good sight more difficult than many people think it will actually be. After all, more and more people are looking into newer homes, even though up to 85% of all homes in this country are still dated to before he year of 1980. Because of this, such homes are likely to have developed some of the problems that simply come with age, making them likely to be much less appealing to the typical consumer, to say the very least. Home owners to be want homes that have little in the way of any problems, something that an older home simply just can’t provide.
However, renovations to these older homes can end up going a long way, especially in cases of kitchen remodels and bathroom remodels. For such remodeling projects, the ROI (return on investment) is a high one. In fact, remodeling a master bathroom alone will bring in a return on investment that is likely to exceed 85%, even 86%, at the end of the day. Therefore the money that is invested into such remodeling projects is often more than worth it at the end of the day.
Of course, many people will choose to remodel their homes even when they are planning on staying in these homes for the foreseeable future. This is becoming particularly common as more and more people enter their elderly years. After all, the elderly population is growing as the Baby Boomer generation ages, and many members of this generation are unwilling to move from their homes when it is not absolutely necessary. Therefore, renovations must be made to the home so such people are able to age in place, as they refer to it as. In fact, up to one whole fifth of the population will be at or over the age of 65 by the time that the next year, the year of 2020, comes to pass – so it is not unlikely that we will see many such renovations projects in the years that are ahead of us.
Aside from kitchen remodels, bathroom remodels are another of the most common and popular home renovation tasks. After all, the ease of use in any given bathroom space is a hugely important thing, especially for elderly members of the population. The elderly are particularly prone to falls as their bodies become more frail with the passing of time, and therefore bathrooms can prove particularly treacherous. After all, more than 80% of the falls experienced by the elder community will actually take place in a bathroom. The installation of handrails, an emergency pull chain, and a shower seat can all make independent living not only safer but more possible later on into one’s elderly years.
Ultimately, each home renovation project will look some what different from the next. From luxury home additions to kitchen remodels to other such residential renovations, there are many ways that you can upgrade the quality of your home, keeping it fresh and preventing it from becoming dated even as the years continue to pass on by.