3 Reasons to Invest in Home Remodeling

December 16, 2024

In recent years, the housing market has seen significant fluctuations, but one constant remains: the value of your home depends significantly on its upkeep and appeal. Home remodeling can breathe new life into your living space, providing both aesthetic and functional improvements. Here are three reasons to invest in your home!


1. Boosting Your Home’s Market Value


First and foremost, remodeling your home can dramatically increase its market value, making it a wise financial investment. According to the National Association of Realtors, a home remodeling project's average cost recovery rate (return on investment) is 56%. This means for every $100 spent on home remodeling, the homeowner will receive back $56 when they sell the house. Although this might not cover the entire cost, the increased market appeal and quicker sale often make up the difference.


2. Customizing Your Living Space


In addition to boosting property value, remodeling offers the chance to customize your living environment to suit your lifestyle more closely. Whether you’re looking to transform a cramped kitchen into a culinary haven or revamp outdated bathrooms into relaxing retreats, home remodeling allows for personalization. This customization not only makes everyday life more enjoyable but also addresses your family’s specific needs, such as creating more open, accessible spaces or incorporating energy-efficient solutions to reduce utility costs. With tailored designs, your home can better reflect your personal tastes and priorities.


3. Enhancing Functionality and Safety


Lastly, investing in home remodeling can improve your home's practicality and safety. Renovations can resolve ongoing issues, such as leaky roofs, poor insulation, or uneven flooring, that may lead to costly repairs. Modern remodeling projects often include upgrades to plumbing, electrical systems, and HVAC units, ensuring the home meets contemporary standards. By proactively addressing these concerns, you not only make your home safer but also enhance its overall structural integrity. This sort of preventive maintenance ultimately boosts the longevity of your investment, ensuring that your home remains a haven for you and your family for years to come.


Home remodeling is more than just an aesthetic upgrade. It provides increased value, personalized space modifications, and crucial maintenance improvements. Whether you’re looking to sell in the near future or create a more comfortable living space, investing in remodeling can yield valuable returns, both financially and personally. With the added benefit of modern designs and energy-efficient solutions, remodeling is a step toward a better, more sustainable home. Contact McDaniel Construction of SW FL Inc to start planning your project!

December 8, 2023
Looking to quickly make improvements to your home? Read this article to learn about several home renovations you can invest in with quick turnaround times.
custom home building
June 1, 2023
Check out our post to learn about a few benefits of custom home building. If you need our services, contact us to get started!
May 17, 2023
What if a building could create a legacy, generational wealth, value, and stability? Time, the indefinite continued progress of existence and events in the past, present, and future regarded as a whole. This definition is from Google and comes from the ultimate “continued progress” of technology. Time cures all, and it is set to run out on us all as humans, as well as the things we build with our hands and create with our minds. Legacies are left to question and ponder. Imagine creating or building something that has a longer life expectancy than what is available. Imagine building something that is passed down from century to century, from historic time to futuristic time. I started my journey with sustainable building long before Google and long before social media chat rooms. To build with ICF, geothermal, and solar meant you paid more, much more. It meant that I, as a builder, needed to persuade and really sell or teach the idea. It meant that the end user saw the value and understood life cycle costs and return on investment (ROI). ROI is so important and so used in today’s world, but not to the fullest. Compound interest is our friend and our enemy, if in the hands of others. It also takes what we have (or don’t have) and grows at alarming rates. As an end-user the best part of sustained, generational wealth could be viewed as how we build. As a builder, I’m left asking questions to my clients in regard to whether or not it makes sense to pay more in the short term to make much more in the long term. Life cycle cost analysis and matrices have been set up to take time into account. They have been created to inform people of the value of cutting operating expenses; thus, saving money, investing money and making more money. Most builders are in business to make themselves money-as they should be. But, what if that same builder looked at ways to build to save you money deep into the future…well beyond the years of your usage and ownership. Let us all look at ways to take this same building and think in terms of generations, your grandchildren’s children type things. As builders, let us all look at your specific building as an investment and what it could do for you, your future, and your customer’s future and their ROI. In my 15-year ICF career I have seen an influx of this and now look more into selling generational, low operating expenses builds as a way to improve ROI more than anything. All ICF people will talk about the obvious reasons of building with ICF such as energy efficient, environmentally good, safe, healthy, secure, available…But I’m here to talk about time and what this all looks like 20, 30, 50, even 100 years from now as the life expectancy of homes should be and can be extended. As climate change will continue impacting human health, water supply, and air quality, storms will continue to devastate. Decades will come and go and before you know it, a home or development will have more problems than money to fix it. The size and scope of the project does not matter as costs, returns, and value propositions are all proportional. Customers have in the past questioned the increase to build with ICF. We need to transform their thinking process to how long until I get a return on my investment. In my firsthand experience the answer to this question used to be 7 years-oddly enough, the average time someone will live in their home. In today’s world the payback time for initial costs should be 2-3 years-much less in many cases. Do not focus on upfront building costs. Focus on time, operating expenses, and ROI. Focus on life expectancy for the building…not your own in this case. Think of buildings as something better than Wall Street, think of this as a guaranteed winner because no matter what happens with costs, the fact that monthly savings occur is real. Now, take those monthly savings times 12 for the year savings. Invest in that, and do it every year you live in the house. In addition, you have a hidden return on investment for doing something you wanted to do anyway. Leave the wood structures for the naïve and those that don’t understand investments and simple economics. The following chart starts to show the breakdown of this in real time with real projects. I have used a 10% initial upfront charge for ICF which is roughly what those “professionals” tell us. (In reality and with projects we are building the number is closer to 5%) I have used 50% deductions in operating costs including insurance, all utilities, and maintenance (Again, these are low numbers) and I have used an inflation rate of 2% even though 3.8% matches the average rate from 1960-2021 according to www.worlddata.info .
ICF Construction
May 24, 2022
ICF construction is strong, flexible, and easy to apply. It also creates modern structures that are energy-efficient, durable, disaster-resistant, and have good IEQ. For all these reasons, many of today’s architects, contractors, building owners and homeowners are turning to ICF construction.
kitchen renovation
May 16, 2022
A kitchen renovation can add value to your home and have lots of benefits. Here are four reasons why you should plan a kitchen renovation.
home renovations
November 16, 2021
Not all homes increase in value by their renovation amount. The following are some of the better home renovations that give homeowners the best ROI.
kitchen renovations
By Hibu Websites May 27, 2021
Discover how a kitchen renovation will not only increase functionality but add value to your home.