When it comes to home improvement in Seattle, homeowners often make their decisions based on two things: what will enhance their living space and which project will provide the biggest return on investment. The decision today is a little more complex given the meltdown of the real estate market across the country. Unless you’re a first-time homeowner with excellent credit-worthiness, you may find it difficult to buy and/or sell.
For example, even if your credit is stellar and you could qualify for a new home mortgage, you have to sell your current residence. Although it’s not impossible, it is certainly more difficult given the flood of foreclosures and short-sales on the market. In addition, you may not get a reasonable offer on your current home. Many homeowners in the Seattle area are even under-water, meaning they owe more on their home than they are worth.
So what do you do if your current home no longer serves your needs? What if you’ve outgrown your house and need more space? What if your bathroom and kitchen are outdated?
Home improvement in Seattle is a viable option and one many homeowners select. Turning your existing residence into your dream home can be an enjoyable experience. And, you can even benefit from your investment financially should you decide to sell at some point in the future.
Why Home Improvement in Seattle Makes Sense
Given the challenges of moving for existing homeowners, home improvement Seattle becomes an attractive option. Depending on your budget, you can make your home exactly what you want and need. Projects range from creating an outdoor living space, expanding to include a new room, remodeling a kitchen or bathroom, or any number of other home improvement projects.
Another interesting finding of the recent survey is the motivation of homeowners for undergoing a home improvement in Seattle. Although return on investment has been an influential part of the remodeling decision, it has become a major decision factor with fewer homeowners. Improved lifestyle is more important than increasing the value of their homes.
Additional survey findings include more than 60 percent of homeowners want to repair or replace old components such as windows and doors. In addition, more than half of homeowners said they want upgraded amenities. Other trends noted for home improvement in Seattle include the following:
A premium is being placed on socializing and creating open gathering spaces. In many cases, these spaces are replacing underused areas such as dens and home offices.
Home improvement in Seattle has also become very cost conscious. In other words, remodeling companies are focusing on the most efficient designs and construction techniques to save money.
Another trend taking place is multigenerational living. Given the sour job market, more college graduates and young adults are finding it more difficult to live on their own. So, they’re moving back in with mom and dad.
In addition, elderly parents who cannot live on their own are moving in with their children. These seniors may not be able to afford assisted living or nursing home care. The expanded space needs of these trends will increase the design for remodeling projects.
Home improvement in Seattle is placing a premium on efficient use of space. Homeowners want to make the most of their home’s square footage as both lifestyle and living needs dictate. Instead of moving when they outgrow their homes, homeowners want to adapt their existing home to their current requirements.