Why Do People Renovate Their Homes?

Home renovation in New Jersey has become the subject of so many TV shows, blogs, and magazines, it’s a very popular topic today. It’s fascinating to think that any home can be reimagined, reworked, and remodeled – essentially turning it into something new and better than what was there before. There are almost as many reasons to fix up your NJ home as there are projects to choose from.

There can be a wide range of quality when it comes to home renovation work, so consider this carefully when choosing a contractor. When working with an experienced and scrupulous New Jersey building contractor, levels of customer satisfaction are very high amongst homeowners who renovate. The outcome can often hinge on the reason why you chose to undergo the renovation project in the first place. Here is a list of four common reasons why people renovate their homes.

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Increase market value

This is obviously one of the top reasons for home renovations. For many people, the home is the center of their financial world, and the most important investment they have going.

If you plan to sell the home within the next few years, you may want to renovate some or all of it with an eye toward getting the most you can when you put it on the market. Making smart decisions about upgrades can have a positive long-term effect on the home’s market value, leaving the home much more valuable than it was before. Homeowners should manage their expectations in terms of increasing market value, by carefully researching your options. Projects that have the best immediate return include opening up the main living space, replacing the front door, and updating the kitchen or bathroom. These good renovation decisions ensure the best return on the investment in your home.

Enhance lifestyle

Although there are many good reasons to renovate your home, your own comfort and enjoyment are important factors that shouldn’t be overlooked. Your decision to undergo a home renovation can do a lot to elevate the lifestyle you enjoy at home.

Kitchens and bathrooms are two key areas where people have profound results, but there are many lifestyle upgrades to be had throughout the home. Even renovating an entryway can make a big difference in terms of the everyday routine.

If you renovate solely based on how it will impact the future sales price down the line, you may end up living in a showplace that doesn’t feel like a home. Your comfort and enjoyment are more important than what improvements will make the most money when you eventually sell.

Freshen things up

Living in the same home can get tiresome after a while. You may love where you are but don’t want to move away to get the improvements you need. Some people aren’t necessarily renovating because they want to increase their market value, or even necessarily to change their lifestyle. Sometimes it’s just nice to have a change. Whether it’s changing the flooring, opening up the floorplan or finishing a basement, home renovation can freshen things up and make you excited about walking through your front door again.

Your home should be a place that makes you smile every time you walk through the front door, not a place that makes you cringe. If your home is visually unappealing, it’s hard to be happy in the place where you’re supposed to feel your most relaxed.

Prepare for new family members

The arrival of a new baby is exciting but it also comes with stress and pressure. Home renovation is often a necessary step in preparing for your new arrival.

Interior design work and preparing a cozy nursery for the baby is a good way to begin. Moving forward though, upgrades can be added to the home in order to make it more baby-friendly. Parents often choose to renovate key areas such as the bathroom and the kitchen. The flooring, electrical sockets, heating and lighting systems, should be baby-proofed to eliminate safety risks.

Renovations can be geared to make the home comfortable for the new baby. Children will fill your home with energy and activity so make sure to incorporate plenty of room to play. Make the whole home into an environment that fun and functional for a happy, united family.

Of course, certain home renovation projects can be expensive and expecting families are stressed enough. Research the upgrades that will ensure your house is safe and secure without hurting your budget. 

Having enough space is important since things can get cramped and uncomfortable fairly quickly for a growing family. Home additions are always worth considering because they actually add square footage to the home. Other renovations like opening up a floorplan, or converting the attic into an additional room can make your space feel bigger without actually adding new square footage.

Who should perform the renovation?

Figuring out who should perform your renovation work is obviously one of the most important parts of the process. Not everyone is handy enough to take on a DIY project, especially if significant work needs to be done. This means you’ll be selecting a local contractor in your area. Look for the qualities in a New Jersey construction company that will lead to a successful renovation you’ll love including professionalism, good communication, years of experience, proven results, and positive customer reviews are a great place to start.

When you choose a contractor, you’re hiring a new employee for a job. You wouldn’t hire the first applicant for a job at your business, so don’t choose your home improvement contractor without narrowing down the best candidates. Examine portfolios of previous work, check licensing, listen to referrals and gather competitive bids before you make a final decision.

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  • Michelle Garofalo

    Michelle Garofalo is the guiding force behind MSC Enterprises, LLC, a prominent custom home builder and real estate developer in Monmouth County and Ocean County, New Jersey. With over 25 years in real estate development, her expertise extends from a successful career in the solar industry, where she managed over 75MW of projects. Co-founding Infiniti Energy, Michelle now oversees day-to-day operations and leads business development, ensuring a seamless journey for clients. Her meticulous approach and commitment to excellence are reflected in MSC's residential and commercial properties, known for their quality, durability, and energy efficiency.