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With home prices increasing and mortgage rates rising, many homeowners are opting to show their current home in to the home of the dreams through custom home remodeling.
The nation's Home Builders Association reports that approximately $280 billion was allocated to home renovations in 20051. This amount is expected to continue to rise because of the concern for homeowners to add value for their existing home with their desire to modernize their house. A custom remodel allows the homeowners to mirror their very own style and individual tastes - from integrating a theme to presenting unique styling and colours.
Two of the most widely used custom projects consist of kitchen and bath remodels. These traditionally consist of incorporating a more luxurious look and feel to the existing rooms and could 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 square footage to open up a place, together with stunning granite countertops throughout, custom cabinetry, and stainless steel appliances that are as beautiful as they are functional, homeowners are now able to created a modern kitchen that takes center stage and appears fit for a gourmet chef to cook in.
The increasing desire for homeowners to remodel their houses may also be attributed to the increased interest in adding value to an existing home. By incorporating additional square footage, you haven't only transformed the living space but you've instantly increased your home's resale value. For instance, a current remodeling survey found a midrange remodel costing $10,499 would recoup 102.2% of their cost if the house sold within a year2.
Once you have made a decision to rework, you will need to make contact with an experienced and reputable, licensed general contractor. When it comes to hiring a general contractor, you need to do your homework and punctiliously do your research. The local homebuilder's association is a superb source to find out info on local and established general contractors. Also, ask the contractor for customer references and contact these customers to discover what type of work the contractor did in addition to their opinion from the contractor.
What do to consider when hiring a contractor? Hiring the right contractor is detrimental for your remodeling project's success. Below are some helpful suggestions to follow:
- Look for a contractor who specializes in the type of remodel job you are interested in.
- Find an experienced contractor who's established and has a name in your community.
- It's important to find a contractor who communicates along with you and shows enthusiasm about the opportunity.
Your house is your most precious and valuable assets. Make sure to protect neglect the by finding the right contractor for your remodeling project.