Neighborhood Evaluation – Is It Worth It? Part 2

By November 13, 2014 Remodeling No Comments

As you are thinking about remodeling your home there are many factors to consider.  If you haven’t yet decided whether to stay or move, refer to the previously published article, Relocate or Remodel. Just as there are many pluses and minuses involved in deciding whether to stay in your existing home or relocate, there are also many factors to be weighed regarding remodeling your home.

Neighbor-2-CBJ

Custom Interior Remodel by Craftsmanship By John. Photo courtesy of Craftsmanship By John.

It has often been the case that when one family decides to remodel, others soon follow suit.  Sometimes called “keeping up with the Joneses”, this is definitely a positive.  It is often the case that whole neighborhoods or even towns change as the result of home remodeling.  Probably the most well known example of this is Levittown, NY, once a neighborhood of inexpensive, mass produced houses.  Today, over 60 years later, there is a diverse array of homes remodeled over and over to suit the changing needs of the families that lived there.

For those with young children or a growing family, a well chosen remodeling project will add needed functionality and years of enjoyment for the whole family.  Assuming your home is in the neighborhood you have chosen to be in, your remodeling project will not only enhance your family life, but will add value when the time does come to move on.  For those who don’t have children or whose children may have grown, there will be other reasons to remodel.  These reasons could include increased functionality of the home to support a changing life style, changes needed to support physical limitations or just changes to create a different look.

Neighbor-2-ROH

Covered Entryway by Remodelers of Houston. Photo courtesy of Remodelers of Houston.

In determining the extent of your remodeling project, you will want to evaluate your priorities.  For most of us, our priorities include enjoyment, whether that enjoyment is personal pleasure, family enhancement or time with our friends.  Some of us will want our homes to be the center of our lives and activities, while others will want to enjoy life and activities outside our homes.  In making decisions regarding remodeling, as long as we have decided that we want to remain in our neighborhood, we should next focus on those features that will enhance our enjoyment of our home.

Neighbor-2-LEC

Remodeled Bathroom by Legal Eagle Contractors. Photo courtesy of Legal Eagle Contractors.

To ensure the best return on investment we should keep in mind not only how we will use our remodeled home, but also how others will view it when the time does come to sell it.  This may not be important to you if you have the perfect home for the next 5, 10 or even 20 years.  On the other hand, it would be nice to know that your renovations will make your home more salable in the future.

A good remodeling contractor will be able to help you to ensure that your remodel will be appropriate for you, your family as well as your neighborhood.  Your contractor should listen to your ideas and help to create solutions to meet your needs.  He will also let you know what is feasible and cost effective.

 

LorraineHart Lorraine Hart is the president and senior consultant for Ideal Consulting. Ideal has been providing business consulting, coaching, and training of small businesses in the construction industry since 1992. Lorraine has been writing and managing content for numerous organizations for over 25 years. She is a national member of NARI and contributor to its national blog. She is also a regular contributor to Remodeling Today and the coordinator and editor of the weekly home articles for the Houston Chronicle. On top of all that, Lorraine is also a member of the GHBA, the Remodelers Council, Custom Builders Council, and the Bay Area Builders.

Leave a Reply

DON'T MISS OUT! Get Texas Home and Garden email updates. SIGN UP