Home Renovation Company in Phoenix: How to Maximize Your Remodeling Return on Investment

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Home Renovation Company in Phoenix
How to Maximize Your Remodeling Return on
Investment
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Home Renovation Company in Phoenix

• A trustworthy home renovation company in Phoenix
  can help you maximize your ROI for any remodeling
  project.

• Before you select your contractor and begin work,
  you should do some soul-searching for the reasons
  behind your decision to remodel.

• The following represents popular motivations for
  homeowner remodeling projects, along with some
  guidelines concerning each one.

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Home Renovation Company in Phoenix
Keeping up with the Joneses

• Its not unusual for homeowners to have what
  others have.

• The temptation to keep up with the Joneses is
  strong.

Theres nothing wrong with that.
You just cant get carried away.
In other words, keep up with your neighbors, but
dont outdo them.

• Most everyone wants the best looking house in the
  neighborhood.

• Your home is an investment that many people want
  to cash-in on one day.

But how can you be assured you making a wise
remodeling investment?
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Home Renovation Company in Phoenix
Keeping up with the Joneses

• Look carefully at your neighborhood.

• Your investment strategy should be to work with a
  home renovation company in Phoenix to transform
  your home into comparable other houses in your
  neighborhood.

• You should select the projects that make sense
  for your area and will deliver a comparable home
  value to others in the area.

For example, If most of the homes in your area
have three bathrooms but your home has two,
another bathroom makes sense.

• Your home renovation company in Phoenix can draw
  up plans for how to capitalize on this type of
  investment, assuming you actually need the extra
  bathroom to make your familys daily life better.

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Home Renovation Company in Phoenix
Keeping up with the Joneses

• If you want to make money on the sale of your
  home, be careful how much money you put into any
  one remodeling project.

• Another example involves bedrooms.

If most homes in your neighborhood are three
bedrooms, two-and-one-half baths, but your home
is only a two bedroom, one bath, you might
consider adding a master suite with new bathroom.

• These types of projects can improve the value of
  your home and the return on your renovation
  investment.

• Be sure youre aware of the reverse situation.

If you add a bedroom and bath, but your home is
already the top-of-the-line for your
neighborhood, you may not recoup your investment
when you sell.
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Home Renovation Company in Phoenix
The key is when you sell.
If you plan to stay in your home forever and
really need the extra space, you may be in a
position to ignore the payback.
Your home renovation company in Phoenix can help
you throughout the decision-making process.
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Home Renovation Company in Phoenix
Conservative Remodel versus Monster Makeover
If maximizing your investment is a prime
motivation, less is truly more when it comes to
remodeling projects.
Your home renovation company in Phoenix can help
you develop a plan that stays within the confines
of your neighborhood values.
Kitchen and bathroom remodels typically offer the
biggest bang for the buck.
The list below provides some guidelines of the
paybacks for different remodeling projects
Kitchens and Bathrooms.
- These remodeling projects top the list in
terms of payback.
- These are the main reasons homeowners want to
remodel.
- A home renovation company in Phoenix can help
transform your space into something
practical, yet beautiful, and that fits your
familys lifestyle.
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Home Renovation Company in Phoenix
Conservative Remodel versus Monster Makeover
Repairs.
- Have your home renovation contractor in Phoenix
look at your entire home to make sure you
dont have any structural, electrical, plumbing
or other issues that could be dangerous or
costly if left unrepaired.
- These types of projects must be done first, for
your safety and the safety of potential new
homeowners.
Design.
- Adding a new kitchen or bathroom is great, but
what if it doesnt match the rest of the
house?
- Your home renovation company in Phoenix can
help ensure your projects are consistent, or
they can help update the rest of your home.
- Many good remodeling companies have designers
in-house that can help.
The last thing you want is a new addition that
looks like an addition!
Outdoor Spaces.
- Often overlooked, many new home buyers are
placing a premium on well landscaped and
useful outdoor spaces.
- Extending your home to the outside makes a lot
of sense.
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Home Renovation Company in Phoenix
How Long You Intend to Stay?

• Focus on maximizing your investment if youre not
  going to be in the home for a longer time frame.

• If you plan to relocate in the near future, work
  with your home renovation company in Phoenix to
  make sure a premium is placed on ROI.

• More personalized projects can incur bigger
  investments. In this case, youre concerned more
  about your lifestyle in your home than the
  investment return. Just be sure you plan to stay
  put for a long period of time.

• The bottom line is to be comfortable with your
  remodeling project both financially and
  lifestyle-wise.

• A proven home renovation company in Phoenix will
  help you work through all issues. They wont
  push you into a project that doesnt make sense
  or you cant afford.

• Partnering with a trusted remodeling contractor
  is the number one decision youll need to make --
  and the one that will impact your project outcome
  the most.

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Home Renovation Company in Phoenix
About the Author
Jim Weisman is owner of Republic West Remodeling,
an Arizona-based company specializing in home
remodeling kitchens, bathrooms, room additions,
outdoor living spaces and more.
For more information about Home Renovation
Company in Phoenix, visit http//www.republicwest
remodeling.com today.