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21 Reasons to Stay Put
- Because you enjoy your home: Living in a place that is personal and customized to your tastes and lifestyle is one of the best reasons to stay where you are. Your home is a place that makes your life better, more comfortable, and adds enjoyment to your life every day.
- Lumber prices are down: Lumber prices are down due to a number of factors, including the strength of the dollar, Canadian lumber imports have increased, and wholesalers are being more picky about who they buy from – all keeping lumber prices down. Take advantage of this. As the economy heats up, everything will go up in price, so now is a good time to remodel.
- Better selection of contractors: The recession has left only the best contractors still afloat. They know how to manage their projects and take care of their customers.
- Interest rates are down: Interest rates are very low. Don’t wait for them to go down anymore because that is unlikely. Take advantage of the low-interest rates before they start creeping up again.
- Your home is unique: It is nearly impossible to find a home, whether new or old, that fits your personal requirements. By remodeling your space, you continue to create a home that precisely fits your needs.
- Love thy neighbors: If you have lived in a neighborhood for a while, you may have gotten acquainted with many of your neighbors and become fast friends. Rather than moving to a new neighborhood, remodel what you have and keep your friends and neighbors close by.
- Your yard: You may have a mature yard with trees and gardens that you have nurtured over the years. A small point, but for some a very important reason to stay put and improve what you have.
- Your home is an investment: One of the reasons to really love remodeling is that you get to enjoy and use the improvements you make while you live in your home. When it comes time to sell, these improvements will increase the value of my home. And since your home is one of your biggest investments, you have to get the best “interest rate” that you can and keep that investment growing. For instance, kitchens and bath remodels can return as much as 25-30% more than you spend. Don’t wait until you are ready to move to improve your home. Do it now for yourself. The value will still be there when you are ready to sell.
- Location, location, location: You may live in a very convenient location that is close to schools, your work, or shopping areas. Realize the value of a good location. Stay put and improve what you have.
- You may already have a floor plan that works for you: When you shop for a new home, it is hard to find exactly what you want. You may have already improved your home, or you may have an excellent floor plan already. With some minor upgrades, you can make your home more livable and retain your desired floor plan.
- It’s time to update: There were over 74 million owner-occupied homes in 2014. The average age of these homes was 35 years old as of 2011. That means that there are a lot of homes that need updating. You may live in one of those. A person in the market for a home will look first at the kitchen and baths. These are two of the best investments you can make in your home. Updating the kitchen or bath can be a very good investment, not to mention that you’ll love using them.
- Add more storage: We all need more storage. Maybe you could build a few more closets or add more shelving here and there. Customize your new or existing closets for your special needs. There are many good closet designers today. And they are worth the money.
- Live a little – add some amenities: There are so many good products today. From better lighting to spas to kitchen appliances, the list goes on and on. Add a few of these amenities to your home and make it better than ever.
- Help save the planet: Energy efficiency is more important now than ever before. You can improve the insulation in your home, change to a tankless water heater, use more efficient lighting, install the most efficient appliances, or install better windows and doors. All of these will add to your personal comfort and begin to pay you back immediately.
- Make your home more functional: As you continue to improve your home, you will get things the way you like. You may add a few light switches for more convenience, put grab bars in the showers, add that wonderful built-in espresso machine in the kitchen, or make the basement into an entertainment area. Or you may decide to work more at home and add a home office. All of these make your home more functional and improve your basic lifestyle.
- Build a home office: More and more people are working at home now. Adding a well-planned home office is a very good investment. You can even pay yourself rent for using it (check with your accountant about that). The home office can be quite valuable when you resell, so plan it carefully and don’t skimp on the details. After all, you will spend the majority of your time there.
- Aging in place: Many people want to stay in their homes as long as possible. Your home has many memories and all of the conveniences you’ve added over the years. It is very important to make our homes safer to live in, no matter what age you are. You can add grab bars in the tubs and showers, better lighting in your halls, stairwells, and work areas, reduce or eliminate steps or tripping hazards, and make your entries more user-friendly. These improvements may cost very little, but can significantly impact your lifestyle. Be sure to use remodelers with a CAPS designation
- Let the light shine in: The most popular remodels almost always involve opening up spaces and letting more light in. You may remove a wall between the kitchen and the dining room, add a skylight here and there, enlarge or add windows, or add sun tunnels in the closets and baths. These modifications play a large role in how a room feels. It has an immediate effect on all those who enter and use the space.
- Lighting changes everything: Lighting has changed a lot over the past years. LED lights are coming down in price. They use very little energy and produce almost no heat. If you remodel, spend some time with a lighting designer. You can create some amazing atmospheres by using different types of lights. And don’t spare the dimmers. They make your bulbs last longer and give you a greater range of looks.
- “Wow, look at that home!”: Improve your curb appeal by adding more well-designed landscaping, or changing the front door, or installing new lighting outside. Sometimes just doing some power washing can make a big difference. And if you are selling your home, curb appeal is the first item you should improve.
- Ah, the great outdoors: As you live in a place for a long time, you may be overlooking all of the areas that could be improved. I’m talking about outdoor living. Outdoor living is one of the hottest trends right now. Many people are building new decks, patios, screened porches, ponds and outdoor kitchens. Look around your yard and see where you could make some of these improvements.
That’s a few points to think about as you consider whether to remodel or move. Everyone has a unique case. There is no “One Size Fits All”. Talk to your realtor. Talk to a good contractor that knows your city well. Write down the Pros and Cons and make an educated decision. Enjoy your life, your home, and your days living there! Start improving what you have and make your home into your castle.
This article was written by Randall S. Soules, writer, remodeling coach, adviser, and educator in the remodeling industry. You are free to modify and/or reprint or copy this article to your blog, newsletter, staff, etc.
Learn more at ScientificRemodelingSystem.com.