The time may have come when you have outgrown your home. However, moving out of your home into a another may not the preferred choice. You may want to stay in the same neighborhood and get the home designed just as you want and need it. The preferred alternative is a whole house remodel.
The NARI answers the question “What are the top 5 remodeling projects?”
- Kitchens 82%
- Baths 81%
- Additions 67%
- Basements 51%
- Exterior replacements 50%
In a whole house remodel, all of the above may need to be addressed.
But is the cost going to be worth it? In our post What Goes Into The Decision Of Your Next Remodeling Project, we recognize “That remodeling project that you have wanted to do for a long time can come together with the opportunity to also improve the value of your home. Now, that is a fun project to tackle.” Improving your home for your family, while at the same time improving the home’s market value, is a win-win.
The key is to make needed home improvements, but, do not price your home outside of the market value of your neighborhood. This risk is being reduced as the economy improves. However, you still need to be diligent in your research. You can visit Homes.com to get a general idea of what has been happening in your neighborhood. As this web site says. “Use as a starting point, but we strongly recommend you contact a real estate professional for a more detailed evaluation.”
An important early step you should take in your whole house remodel project is to double-check the county appraisal. Since your county appraiser is not able to enter the home, their assessments are not usually accurate. A certified appraiser that enters your home under your guidance will provide an accurate assessment of the value of your home. Then you will be in a better position to accurately estimate the value of your home after your home improvements are complete.
If you are considering a whole house remodel, don’t start the process alone. Partner with experienced professionals early. We, at Veri Construction in New Jersey, have been doing this since 1948. We love to share our experience. A floor plan and elevation views will be created in our showroom with computerized drawings. We have complete kitchen and bath displays set up for you to get a good feel of the project being planned. Call us at 973-772-2733