Determining the Value of a Home Improvement Project

Mark ZHome Improvement Tips and IdeasLeave a Comment


In Michigan, home improvement is one of the most important ways to add value to a home. Many people have begun to remodel instead of move. They are upgrading instead of buying or building a new home. But, when making decisions like this, homeowners need to determine what is the best long term outcome. Is the project really going to add value to your home?


Function or Value

One of the first steps to consider when trying to make such a decision about home improvement is to determine what the benefit is of doing the project. Will it improve how the home functions for your individual needs? Any project your take on needs to be directly beneficial to the way you live in or enjoy your home. For example, if you are adding on extra deck space because you want to invite more people to your home, that’s improving the function of your home. If you are making changes to follow trends, that may not be.

Next, consider the value the project offers to the home. Sometimes, it can be hard to know what value a project adds to a home. In other cases, it is easy. For example, you’ll likely get 100 percent of the return by painting your home with modern, clean colors. You may not get back 100 percent of your investment in added home value, on the other hand, from projects such as transforming a bedroom into a den. If these types of projects add function to your home, though, and fit you better, they are worthwhile.

To really ensure home improvement in Michigan is worthwhile, hire a professional to do all of the work for you. That’s critical – the quality of workmanship and experience of the contractor can make the biggest difference in whether any project is worthwhile or may not be a good fit. Let their experience guide you in choosing and completing projects, too.

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