Consumers face a choice of spending money to renovate their current homes or moving to one that’s newer and larger. Just about everyone gets remodeled at some point in their lives. The leading reason for remodeling is to expand space, although changing lifestyles and purchasing decisions can lead to remodeling, too.
Companies need to understand these remodeling trends if they want to capitalize on homeowners’ remodeling dollars.
For remodeling, the current retail trend is maximizing existing space. Homeowners are going for a functional look that involves exposed walls and floors that blend into their existing environment.
This renovating trend works great in areas with an established look and feel, such as a newer suburban neighborhood. For example, people want to see the appliances and furniture in a kitchen before making a large investment. This style is a nice option for existing homes, especially if you’re in a renovating area that doesn’t have a ton of high-profile new homes.
Remember to do the right type of remodeling before selling
Homeowners might also want to change up their home for sale. Some homeowners can turn a home remodeling job into a selling point, regardless of the market.
Switching out the flooring can make the whole home feel newer. It’s one of the easiest ways to make a home appear more valuable.
You can also add modern touches like paint and woodwork to rooms that aren’t so useful. One example is a bathroom. This is a great remodeling opportunity to combine features that look modern. Wood floors, modern lighting, and white subway tile are a great way to convert the bathroom to a modern bathroom without completely turning it into a completely new space.
Hiring a designer is also a great way to add value to a home in the resale market. Often a designer can help you find the right features that the homeowner wants. If you do this, the renovating process becomes a selling point in and of itself. It’s a clever way to make the remodeling process a positive one, and to make your home more valuable at the same time.
More than half of homeowners don’t realize that home remodeling is a money-making opportunity. As we head into the busy spring season, home remodeling can be an effective way to make money. Make sure you’re staying in the know so that you can do the right type of remodeling to make a profit.
As with anything else, though, you want to do the right type of remodeling. This requires learning about market trends and what the current homeowners want, before deciding whether to remodel. It’s one of those things that can easily turn into a money pit, if you aren’t doing it right.
You can learn more about renovating , by watching this video about successful renovating.
Will you be remodeling this spring?
This is a sponsored post. The opinions expressed are my own.
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Lydia Pitman is an Agent with The Homes Company in Portland, Oregon. Before moving to the Pacific Northwest, she lived for nine years in Louisiana. Lydia has an affinity for home decor and considers herself a decent cook. A renovating enthusiast, Lydia finds herself enjoying renovating houses and creating new spaces. She has more than 10 years of residential remodeling experience. She offers a deep knowledge of the home renovating market and is in a position to help home buyers with selecting the best-priced renovating options.