CHANGING THE SPENDING: A waste or a value?- home renovation contractor
You are not the only one who is weighing the costs and benefits of a home renovation contractor against one another. Because they worry that they will have to sell the house before they see a return on their investment, some candidates for home renovation contractor projects give up. But think about these facts:
• Moving frequently was once regarded as “normal” in the United States. However, those liberated times are coming to an end. The lowest rate ever recorded, only 11% of Americans moved last year, according to the U.S. Census Bureau.
• IBM employees once made the remorseful joke that the company’s initials meant “I’ve Been Moved.” In order to start a new job, nearly 23% of employed Americans moved out of their homes in 2000. Currently, that percentage is just 11%.
• First-time homebuyers spend an average of 11.4 years in their new home, while second-home owners spend nearly 15 years.
• Nearly 85% of Baby Boomer homeowners have no plans to relocate. That amounts to approximately 33 million homes for which remodeling ROI might be a sure bet.
However, the best reason to not put off home renovation contractor improvement projects is as follows: The majority of the cost will be recouped when you sell, whether in 2030 or next year. A siding replacement, for instance, increases the average home renovation contractor resale value by more than $12,000, resulting in a return on investment of 75.6%.
Some siding warranties, like the LP® SmartSide® Siding 5/50 year limited warranty, offer peace of mind for 50 years, in contrast to warranties for HVAC systems or granite countertops. It’s longer and covers more than most warranties on fiber cement products. The limited warranty on LP® siding products covers hail damage as well as fungal degradation, buckling, cracking, and more for five decades (see warranty for details). Re-siding is, in a nutshell, one of the best investments a homeowner can make.
7 THINGS TO BUY OR SAVE FOR DURING YOUR HOME RENOVATION
When it comes to home renovation contractor projects, your budget can quickly escalate from manageable to exorbitant. But when it comes to home renovation contractor projects, how do you know where to save and where to invest? Investing in certain areas of your home will enable your home to function better for you for a longer period of time, whereas investing in premium upgrades in your life typically only lasts a short time.
There are a few areas where you can save money and some where you should put more money into your renovation project:
Tile flooring for the bathroom does not have to set you back a fortune. The flooring tile in a bathroom needs to be slip-resistant, but it doesn’t have to be expensive. If you choose to save money on tile, you might be able to install under-floor heating, which is a fantastic bathroom upgrade.
Fixtures for the Bathroom: Although you can get decent-looking faucets and shower heads for less than $50, the savings are not worth the loss of functionality. Will there be sufficient water flow? Will the finish fade over time? Is the interior made of plastic? Be sure to use your money wisely in this area to buy fixtures that will last longer. Leaks can be caused by fixtures of poor quality, and the costs of fixing them would outweigh any savings made in the beginning.
Siding: When it comes to long-lasting siding, engineered wood siding is a better option than real wood siding because it looks like real wood but is more durable and requires less upkeep. The cost of high-performing engineered wood siding is approximately half that of real wood, so you save money there and save money on upkeep. If you’re looking at a low-cost option like vinyl siding, keep in mind that the short-term savings at the time of installation probably won’t compare to the savings over the product’s lifetime or when you want to sell your house. Buy a siding material that has been tried and true by professionals, is built to last, and comes with a warranty to match.
Backyard Sheds: Having a shed in your backyard may be an investment, but it can increase your home’s overall value. Innovations such as the SmartGuard® process, which aids in the prevention of fungus decay and termites, SilverTech® radiant barrier products, which keep your shed cooler, and SmartFinish®, which gives the interior a uniform, professional-grade appearance, can be found in sheds constructed with products from LP Outdoor Building Solutions®. It is worth the initial investment to ensure that your shed is constructed using durable building materials and high-performance building materials so that it will last longer than a less expensive alternative.
Spend a lot of money on kitchen cabinets. If you don’t spend enough money on kitchen cabinets, everyday use can wear them out much faster than you thought. Cabinets should be made of durable materials that can withstand repeated use, regardless of style or finish.
While the majority of your home renovation contractor decisions will be based on personal preference and budget, knowing where to spend and save can help you stick to a budget and not have any regrets.
Before & After
Check through each beautiful renovation and draw the inspiration you need for your project