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Getting the Most Value
Doubling the Value You Get From Your Remodeling Investment
Many people don't realize the dual nature of the return they
get from their remodeling investment. When you remodel your home,
there are generally both long-term returns, such an increase
in the resale value and marketability of you home, and immediate
daily dividends which you start receiving as soon as the project
is completed.
The return that most people think of and that you read about
most in the press is the increase in the resale or market value
of your home. This return is the long-term portion of the return
on your investment. It can be high or low depending on the housing
market and economy when you sell. However, almost no one decides
to remodel based on the likely increase in the resale value return
side of the investment. It is a bonus.
Most people remodel their homes because of the value of the daily
dividends they will get. The dividends you get from remodeling
are very tangible and come from the way that remodeling improves
the quality of your life. How it lets you do things you couldn't
before, provides you with the special places you have always
wanted: a new kitchen, addition, master suite, or other specialty
room. How it makes you feel when you wake up in the morning or
when you have friends and family over.
The dividends you get from remodeling are NOT dependant on the
housing market or the economy. However, they are very dependant
on timing. The sooner you remodel, the longer you will get to
enjoy the daily dividends, the real reason you want to remodel.
So, if you expect to live in your home for
another 15 years, remodeling now will give you 15 years of
living in a home designed
for you. You will get double the daily dividends you would get
if you waited seven to eight years before remodeling. And remember,
this is the reason you are really remodeling in the first place – to
make your home a nicer place for you to live.
At the time of this writing, the housing and financial markets
are unpredictable and in flux. Almost any kind of investment
is more risky than it has been in a long time. However, the daily
dividends you get from remodeling your home are much more predicable
and positive than other types of investments at this time.
For more information about how we can help
you with your project, please contact
us today.
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