.

The New ROI's for Remodeling

Nowadays, homeowners are seeking ROI’s that support their “comfort” or a room’s “functionality,” rather than a bottom line bump at the time of resale.

During the real estate boom, many homeowners renovated their rooms and spaces to boost their investment in their home: they sought and (often) gained a high return on investment (ROI) for their remodeling dollars spent. Nowadays, homeowners are seeking ROI’s that support their “comfort” or a room’s “functionality,” rather than a bottom line bump at the time of resale.

 

A shift towards seeking these new ROI’s has likely come about from the downturn in the economy and the fallout in the housing market, but they’ve also emerged from other changing needs and, perhaps, a reassessment of priorities.

 

As the population ages, more people are investing in their homes to make them safer and more functional for the current residents and for visitors of all ages. Additionally, a desire for greater storage can be a catalyst for renovations that support this growing need. And, many families’ desire or need to merge households in order to accommodate aging parents, grown children, changes in marital status or modern living arrangements, remodel to make existing spaces more useful and accommodating.

 

On the topic of reassessing priorities, we’ve worked with homeowners who’ve made conscious choices to build family rooms, decks and other spaces that encourage and allow for more enjoyable family time. No doubt the economy has played a part in the rearrangement of priorities, yet we also feel the reliance on cell phones, email, texting and Facebook has prompted a desire for true face-to-face exchanges.

 

Whatever your desired ROI’s are in remodeling, we look forward to answering your questions about creating a more beautiful, comfortable and functional home.

 

Rich Campbell
President
Coastal Builders

410-461-9908

This post is contributed by a community member. The views expressed in this blog are those of the author and do not necessarily reflect those of Patch Media Corporation. Everyone is welcome to submit a post to Patch. If you'd like to post a blog, go here to get started.

Boards

More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »