Wednesday, July 22, 2009

3 Strategies For Home Remodeling Projects in a Tough Economy

No matter what the economic conditions we're currently facing, investing in a home remodeling project can be a much more affordable option than trying to move to a more modern home. When you consider the costs, time and "hassle factor" that comes with moving to a new home, many homeowners are opting for home renovation instead. The good thing is that home renovations done now will also give a boost to your home's value when you're ready to sell down the road. Here are a few things to keep in mind as you decide whether or not a home upgrade is right for you and your family.

Understand Why You're Remodeling Your Home

There are several reasons you may be remodeling your home. You may decide to remodel your home to make it more marketable and easier to sell. Or you may find that it's become outdated and that you need more space, more modern features or amenities. These are all good reasons to invest in a home remodeling project. However, whatever your reasons, you want to be sure that you're clear on what your intended goals are since those goals will drive some of the decisions you'll need to make down the road.

Choose a Project that Offers a High Return On Investment

Some of the projects you may have in mind for your home remodeling might appear to be a good value to you, but you also have to keep in mind how others will view those additions or upgrades and whether or not you'll get a good return on your money. Some of the factors that influence this are the perceived value of the upgrade and the cost of the upgrade. A few renovations projects that have proven to have a high return on investment include kitchen remodeling, bath remodeling, and painting (interior or exterior). Other projects that offer a good return include roof replacement, adding a recreation room, upgrading flooring, replacing windows, or upgrading your heating or air conditioning system. Keep these in mind as you decide how to invest your limited resources in your home renovation project.

Keep Energy Savings in Mind

One practical consideration these days that you should keep in mind is the energy savings that result from your home renovation project. Upgrades that reduce the operating costs of your home can be a great investment, both when it comes time to sell and as you continue to live in your home in the meantime. Some proven money-savers include upgrades like energy efficient furnaces, air conditioners and appliances, improved insulation, energy efficient windows, and low flow toilets (among others).

If you're a Maryland resident and want to learn more about how you can invest in a premium home remodeling service at an affordable price, we invite you to visit our website at Glenn Construction is a full service Maryland home improvement contractor offering a wide range of home remodeling services including Maryland drywall repair and painting services. Visit us today to find out more.

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