It’s often aesthetics or convenience that make us consider a home renovation or remodel, but dollars and cents might encourage you to pull the trigger on that project as well. Recently published statistics in the Remodeling Cost vs. Value report indicate that bathroom and kitchen remodels in our area recoup more than 60 percent of their value.
The cost-to-value ratio of remodeling projects has improved for the first time in six years due to stabilizing resale values and flat construction labor costs. The cost-value ratio is figured by comparing resale value as a percentage of construction cost, and the upturn “is an encouraging sign that the remodeling industry may have turned the corner,” states Remodeling magazine. Check out the statistics by city or region for a project you might be considering www.remodeling.hw.net
While you’re thinking about improvements, consider using ageless design elements to make your home more universally appealing. Wider doorways, curbless showers, varying cabinet heights, and lever-handled faucets and knobs can make your renovation beautiful and adaptable to the long-term needs of family members or visitors with different physical abilities. Local realtors tell us they have a hard time finding homes which can accommodate those clients who are looking for a barrier-free home, so thinking long-term can improve your resale value as well.
And, do let us know if you’re considering a renovation. With almost 50 years experience in the Triangle’s construction market, we have some great local contacts to assist with just about any renovation or project.