Home Remodeling Company in Phoenix: Know Your Reasons for Making Home Improvements

When people talk with a home remodeling company in Phoenix, one of their first questions is typically about return on investment.  The answers will vary and be dependent on many factors, such as your neighborhood, current market conditions and more.  However, determining an exact figure is always complicated.

Before you meet with a home remodeling company in Phoenix, it’s important to know the reasons you want to undertake your project.  According to remodeling experts, homeowners typically remodel for one of two reasons:  they want to increase their home’s value, or they want to enhance their living space for their personal use.

If you expect to sell your home in the future, you’ll probably want to try and accomplish both goals as much as possible.  On the other hand, return on investment is less of an incentive if you expect to live in your home indefinitely.

Quality of Life Projects

A home remodeling company in Phoenix can help provide the information you need to make a good decision.  You should get a ballpark idea of what your project will cost and what it will return in terms of home resale value, even if you don’t expect to sell your home anytime soon.

If you really want a fireplace in a room addition, you need to ask your home remodeling company in Phoenix what payback you can expect on your investment.  Although a room addition may increase your home’s value, adding luxury components like fireplaces may put the cost over the top of what a prospective homebuyer would pay.

Of course, everything is subject to current market conditions and local neighborhood comparisons.  But the example above illustrates the trade-off decisions you’ll need to make when it comes to return on investment and quality of life remodeling projects.

There’s no right answer with these types of improvements.  Only you can decide the value of having certain features that you deem important to your lifestyle.  The pleasure you receive from these features needs to be factored into your analysis.  Certain projects for some homeowners are more important than the financial numbers.

 

Profit-Making Projects

If you want to make a solid return on any remodeling investment, then you need to approach your project extra carefully with an experienced home remodeling company in Phoenix.  Of course, you still want to enjoy any improvement you make for as long as you reside in your home.  However, you’ll be placing a premium on not only getting your investment back, but making money when you sell your home.

To ensure the best payoff, you’ll be approaching your remodeling projects with greater discretion.  Instead of all the things you want in your project, you’ll be thinking about the features that will yield the best return.  Make sure to consult with a reputable home remodeling company in Phoenix to help provide valuable input during your decision-making.  Remember, you want to be sure to pick the right project to add the most value to your home.

In addition, your home remodeling company in Phoenix should know your area inside and out.  Selecting a company with experience in your neighborhood will help you arrive at the right project for your location.  For example, an elaborate kitchen remodel in one neighborhood will not provide the same payback as the same project in another community.

Nothing can be more rewarding than upgrading your home and making it better accommodate your lifestyle.  Just be sure you know the numbers.  Have your home remodeling contractor in Phoenix help you understand the change in value you can expect from the improvements you want to make.

The next step is to finalize a contract.  All your expectations in terms of payment schedules, cleaning, project timelines, and more need to be fully defined and documented to avoid issues later.

With diligent and careful planning up to this point, you up your chances of having an issue-free construction phase.  And after a smooth construction process, you’ll have your home renovation in Phoenix to enjoy, along with a wonderful sense of accomplishment!

Please continue to read our blog and browse our websites for more information on home remodeling, or contact us today.

Jim Weisman (651 Posts)

Jim Weisman founded RW Remodeling in 2011 after co-founding Republic West in 1995. Jim’s strong belief in the importance of ethical standards, honest communication and quality work make RW Remodeling a unique home remodeling company. For more than 19 years, Jim Weisman and his team have been proudly delivering what their customers want; their dream home.