With home prices increasing and home loan rates rising, many homeowners are opting to turn their current home into the home of their dreams through custom home remodeling.
The National Home Builders Association reports that approximately $280 billion was allocated to home renovations in 20051. This amount is expected to carry on to rise because of the concern for homeowners to add value to their existing home along with their need to modernize their house. A custom remodel allows the homeowners to mirror their very own style and individual tastes - from integrating a style to presenting unique styling and colors.
Two most widely used custom projects consist of kitchen and bath remodels. These traditionally consist of incorporating a more luxurious feel and look towards the existing rooms and may include adding custom products for example high-end tiling, fixtures or elements.
With the current trend in creating an "open" kitchen and living area for entertaining, comes the emphasis of creating specialty areas created specifically for individual family needs. With added sq footage to spread out up a place, together with stunning granite countertops throughout, custom cabinetry, and stainless steel appliances which are as beautiful because they are functional, homeowners can now created a modern kitchen that takes center stage and looks fit for any gourmet chef to cook in.
The increasing desire for homeowners to remodel their houses may also be related to the elevated interest in adding value to an existing home. By additional square footage, you've not only transformed the living area 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 when the house sold within a year2.
Once you've made the decision to rework, you will need to contact an experienced and reputable, licensed general contractor. When considering getting a general contractor, it's important to do your homework and punctiliously do your research. Your local homebuilder's association is a superb source to discover info on local and established general contractors. Also, ask the contractor for customer references and phone these people to discover what kind of work the contractor did in addition to their opinion of the contractor.
Exactly what do you look for when getting a contractor? Hiring the right contractor is detrimental for your remodeling project's success. Here are some helpful tips to follow along with:
Your home is your most precious and valuable assets. Be sure to protect your investment by choosing the best contractor for your remodeling project.