Every big decision requires plenty of thought. Home renovations are no exception. If you’ve been wondering if 2020 is the ideal time to remodel your Northern Virginia home, you’ll want to consider a few factors that may affect your decision.
Your Future Plans
Is NoVa just a temporary stop for you? If you are planning to relocate in the next few years, or you know that taking the next step on your career path will probably require a move to a distant city, a complete remodel might not be the best choice in 2020. Although you may not want to undertake a full-scale renovation now, modernizing outdated areas of your home or making much-needed repairs will make your house more attractive to buyers.
Remodeling is a good idea if you love your older home but wish it had more space or offered the latest features and amenities. Whether you want to add a luxurious master bedroom suite, turn the basement into the ultimate game room or expand your too-small kitchen, renovations can enhance your enjoyment of your home and increase its value.
Your Home’s Condition and Appearance
There’s no time like the present to repair leaky walls and ceilings and replace outdated fixtures and finishes. If you continue to ignore the damp spots on your ceiling, you’ll risk a ceiling collapse or the spread of dangerous mold. Tackling problems before they can cause widespread damage to your home will save you money in the long run.
Even if your antiquated appliances work most of the time, they probably don’t meet current energy standards. Replacing them with ENERGY STAR appliances offers a simple way to upgrade your home and decrease your utility bills.
Have you been saving for years for your remodel, but aren’t quite sure if this year is the ideal time to begin your renovations? Keep in mind that labor costs and the price of building materials will only increase as the years pass. If you’ve budgeted for a remodel and have the funds you need to revamp your entire house or upgrade the kitchen now, it makes sense to begin the process as soon as possible.
The Local Real Estate Market
Are you torn between renovating your home or moving to a new house in your current neighborhood or a nearby suburb? Unfortunately, you may have trouble finding a home that meets your needs, due to the state of the real estate market.
Houses are currently in short supply in the NoVa area. In fact, the area saw a 33 percent decrease in the number of active listings between October 2018 and 2019, according to the Northern Virginia Association of Realtors. Adding space or incorporating the features you want with a home renovation may offer a better solution than buying another home.
Are home renovations on your 2020 to-do list? Our design-build team has helped hundreds of Northern Virginia homeowners improve their homes with additions and renovation projects. Contact us and let us know what you have in mind for your home.