Why Renovate?
The abilityto convert dreams into reality is the number one reason why homeownersundertake a renovation project, found a recent survey of more than 142,000homeowners conducted by Houzz.com. Of those, nearly half undertook a renovationproject in 2018.
The reasons for all types of renovation projects parallel thereasons our clients in Greater Cincinnati decide to renovate their homes. Theother major reasons for renovating in 2018 (and likely in 2019) include:
- Desire to customize a recently purchased home
- Correcting damage due to home age, pests and lack of functionality
- Adapting to recent lifestyle changes
- Preparing home for sale to increase value
- Addressing damage from a natural disaster
The survey also reflects trends in Greater Cincinnati. Nearly halfof survey respondents opted to renovate their existing home as opposed topurchase new. The primary reasons included the ability to make a distinct andpersonal design statement by capitalizing on the opportunity to customizefeatures and design and a desire to stay in their existing neighborhoods. The goals of renovation are not surprising. Almost all of ourclients in (insert name of service territory) renovate to improve the look,feel and functionality of their homes. Another major reason to renovate is toincrease the value of the home, and the best return on investment in homerenovations is a new kitchen. Kitchen renovations provide a 92.9% return oninvestment, according to Remodeler magazine. Abathroom remodel that includes replacing the toilet, tub and light fixtures,plus adding a double-sink, tiling the floor and hanging wallpaper can result ina $1.71 increase in home value for every dollar spent, according to Zillow. The top challenges renovating homeowners face are finding theright service providers, staying on budget and finding the right products. Thereason why homeowners have a difficult time finding the right service providersand products is that the Internet is both our friend and foe. While theInternet provides access to every product and service that you could ever needfor a renovation project, the amount of information available online can beoverwhelming, is often incorrect, is likely to cause analysis paralysis,contributes to unrealistic expectations and elevates stress levels. That’s whya professional kitchen and bath showroom is your greatest asset. Showroomprofessionals specialize in making order out of chaos. Click here for a guidethat outlines what you should expect from a professional showroom. The reasons why staying on budget is so difficult is due to nothaving a well-crafted and complete plan. Another reason why estimating andsticking to a budget is difficult for most homeowners in GreaterCincinnati is that home improvement television is not a documentary butentertainment. Both budgets and timetables do not reflect reality and costsalmost never include labor expenses. Click here for a guide to budget moreeffectively for a new kitchen. If your kitchen, bath, laundry room, closets or other areas ofyour home no longer meet your desires, needs or preferences, give us a call atour Loveland showroom at 513-722-3490 or at our Mariemont showroom at513-271-3490 or visit one of our two showrooms. We will show you how youtoo can turn your dreams into realities.
