Custom Home Remodeling Increasing In Popularity
With raising house prices and mortgage rates, many homeowners are turning to custom home remodelling to transform their current home into the home of their dreams. Get More Information about us.
According to the National Home Builders Association, $280 billion was spent on home repairs in 20051. This figure is expected to grow as homeowners seek to add value to their existing homes while also pursuing their desire to modernise them. From incorporating a theme to utilising exclusive styling and colours, a custom remodel allows the homeowners to represent their own style and individual preferences.
Kitchen and bath remodels are two of the most common custom projects. This usually include giving existing rooms a more luxurious look and feel, as well as adding custom items such as high-end tiling, fixtures, or elements.
With the new trend of entertaining in a “open” kitchen and living room, there is a greater focus on developing niche areas tailored to the needs of individual families. Homeowners can now build a modern kitchen that takes centre stage and looks suited for a gourmet chef to cook in with the addition of square footage to open up an area, stunning granite countertops throughout, custom cabinetry, and stainless steel appliances that are as beautiful as they are functional.
The increased interest in adding value to an existing home can also be due to the rising urge for homeowners to remodel their homes. You’ve not only transformed the living room but also improved the resale value of your home by adding more square footage. A new remodelling survey showed that a $10,499 midrange remodel would recoup 102.2 percent of its cost if the house was sold within a year2.
Once you’ve decided to remodel, you’ll need to find a licenced general contractor who is competent and trustworthy. It’s important to do your homework and thoroughly study your options before hiring a general contractor. Your local homebuilder’s association is a great place to look for information on reputable general contractors in your region. Often, request client references from the contractor and follow up with these people to find out what kind of work they did and what they thought of the contractor.