Traditionally, California has been a place where homeowners would buy a house, live in it for a few years and then resell it for a good price so that they could buy another house. This concept of moving up was widespread until the recent economic crisis, which led to the prices of housing plummeting. In turn, this meant that moving suddenly became a bad move.
Does that mean the game has completely changed?
The thing is, homeowners can no longer count on their home increasing in value on its own. The tide has turned, and a somewhat different trend has emerged – home remodeling.
Sure, home remodeling is not news in Temecula. What’s relatively new, though, is that homeowners now mostly remodel with the aim of boosting their home’s resale value, in addition to making their life more comfortable.
Still, not all homeowners are convinced. Let’s consider this in little more detail.
Should I Stay or Should I Go?
There are many reasons why you would like to move house. Perhaps you got a great job, but the commute from your current place of residence is too long. Or your family has grown and you need more space to accommodate all members comfortably. Or you simply dislike your neighborhood.
Let’s consider all of these arguments separately for a moment. In most cases, first comes the great job, and then the house, not the other way around. Similarly, people generally buy houses with a firm idea of how large they plan their family to be, so the family members-to-be are usually accounted for. And lastly, why would you buy a house in a bad neighborhood in the first place?
Relocating would involve a great deal of change. If your children go to school, they might have to transfer to a new one and make new friends. Even though it’s fun and exciting in theory, practical experience has taught us otherwise.
Moreover, moving also means adjusting to the new neighborhood and new neighbors. This may take some time, depending on all the factors involved.
Stay Stay Stay
Besides the sentimental reasons, some homeowners simply cannot afford to buy a new house and move. More specifically, they cannot get a good price for their house to be able to purchase a new one. That is when they decide on a home remodeling project.
When It Comes to Money…
Has it ever occurred to you that home remodeling is generally cheaper than buying a new home?
How is that possible?
Well, imagine you want to move to a bigger house. Bigger houses come with higher bills; they have a higher carbon footprint and involve a raise in your property taxes. In California, the increases to your property tax are limited as long as you live in the house for which the tax rate is set. It means the taxes for your new property will probably be higher, especially if you wish to buy a larger house.
How Can Home Remodel in Temecula Help?
There are a few home remodeling projects that will boost the market value of your home almost by definition. Think in terms of space – if you feel you don’t have enough space, chances are other homeowners feel the same. That is why adding more space tops the list of the most lucrative home improvements.
Also, additional bathrooms and remodeled kitchens are an outstanding return on investment. You can even qualify for residential rebates available in San Diego County if you decide to renovate your home to improve its energy and water-efficiency. Nowadays, green building and remodeling practices go hand in hand with a trendy design.
Fall in Love with Your Home Again with Temecula Home Remodel
Classic Home Improvement is a full-service design-build contractor with a stellar reputation for innovative home remodeling in Temecula and all over San Diego County. Let us show you how we can make your home more attractive with creative designs and boost its resale value with fully-functional, cost-efficient remodels and additions. Contact us for a free quote today!