Homeowners who take on remodeling projects gain not only equity and more resale value in their home, they are also more likely to find satisfaction and enjoyment from their home, according to a 2017 report from the National Association of Realtors with insights from the National Association of Remodeling Industry. www.nar.realtor/reports/remodeling-impact
The report reveals the top remodeling projects as well as increased value-both financially and emotionally-that specific projects bring to homeowners once completed. After completing a remodeling project, 75 percent of owners have a greater desire to be in their homes, 65 percent say they have increased enjoyment of their home, and 77 percent feel a major sense of accomplishment when thinking of their completed project.
Realtors understand which remodeling projects and home upgrades will bring the most value to homeowners, bringing in higher offers or gaining more equity in their home.
Even though a remodeling project may seem overwhelming at the onset, working with a professional, qualified remodeler who has the required experience and training can make a big difference. This year’s report confirms how remodeling can increase home value and day-to-day enjoyment. It is important to work with a contractor you can trust who adheres to a strict code of ethics and can help define a realistic budget.