04 Apr

Save or Splurge? Where to Invest In Your Next Home Project

If you’re deciding on a general contractor in cedar falls for a custom home construction or just want to remodel your current abode, smart planning can mean the difference between success and project disappointment. You might be asking yourself, “Should I splurge or be modest and try to save some cash?” Here at Concept to Creation, our expert home builders and remodeling teams understand that the answer to that question depends on your ultimate goals.

Custom Homes vs. Real Estate Investment Strategies

If you’re custom building a family home for life, your goals may differ from a current homeowner looking to sell and get a good return on investment (ROI) with projects. Those who are building their dream home from the ground up, should go for the gusto. After all, this is where you and future relatives will spend quite a bit of time. However, if you’re an investor or current homeowner looking to sell soon, you’ll want to pay attention to these valuable tips concerning which improvement projects can offer maximum personal and financial benefits.

Worthwhile Home Improvement Projects to Consider Splurging On

1. Basic Home Maintenance: According to various statistics reported in Remodeling Magazine, homeowners are more likely to see a greater ROI in basic home maintenance than intensive upgrade projects. Basic maintenance projects including roofing, siding, and quality windows actually seem to be more important to potential buyers than lavish custom remodels, with returns ranging from 80-92 percent. Refurbishing installed woodwork and adding fresh paint cost very little, but can go a long way in the comfort and appeal of your home.

2. Kitchen Remodeling: Still the reigning champion of ROI, kitchen upgrades can make improve cooking and dining experiences while helping to maintain the resale value of your home. When approached economically, kitchen upgrades can see resale investment returns of over 90 percent according to experts. Granite countertops, installing extra storage space, and refurbishing wood cabinetry are the most cost-efficient requests our team receives.

3. Flooring Updates: Those wanting to take their homes to the next level of comfort, often ask our general contractor in Cedar Falls for flooring installations. Carpeting rarely adds to the value of your home, but ceramic tiles and Eco-friendly bamboo flooring certainly can. Easy to maintain and clean, these flooring options can bring decades of enjoyment.

Renovations and Updates to Think Twice About

The best advice we have for you is to avoid novelty restorations and improvements like swimming pools, aquariums, and smart home applications. While popular and exceptional home features, you’re not likely to reap the most rewards from them. Consider the expenses and time consumption involved in pool or aquarium maintenance, which in just a few years can cost more than the entire installation. Buyers often are turned off by high-maintenance upgrades,just as you might in a few years. Smart homes are convenient, yet those shiny ‘new toys’ tend to become outdated in just a few years, so think twice before making this type of upgrade.

Are You Ready to Realize Your Dream Home?

Whether you want to build your custom dream home or just want solid advice on beneficial upgrades that our Concept to Creation team can make a reality, so contact us today!

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