photos by 360 Tours
Why Investing Your Space Means More than Financial Gain
Remodeling your home is a big decision that can have a significant impact on your finances and your overall quality of life. One of the biggest benefits of remodeling is the increase in home value.
According to Remodeling Magazine’s 2023 Cost vs. Value Report, remodeling projects can recoup anywhere from 20 –102% of their initial cost when it comes time to sell your home. This means that not only will you be able to enjoy your newly renovated space while you’re living in your home, but you’ll also be able to recoup a significant portion of your investment when you decide to sell.
The report also found some of the biggest return on investments (ROIs) came from increasing the curb appeal of your home, ensuring both the kitchen and the bathrooms were functional and beautiful, and adding energy-efficient features like new windows and doors.
Of course, the financial ROI of remodeling will vary depending on the scope of your project and the local real estate market. The Redevelopment Group can help you solidify your goals and budget before embarking on your remodeling project to ensure a positive financial return on investment for years to come.
REMODELING OFFERS YOU A MORE BEAUTIFUL, FUNCTIONAL HOME
The ROI of remodeling goes beyond just the financial benefits. A newly remodeled space can also improve your quality of life by increasing your home’s functionality and aesthetic appeal.
That’s not the only kind of return you’ll see with newly remodeled spaces, though. No matter the project, the reality is that a well-designed space can have a positive impact on your daily routine and overall well-being. That’s a huge return on your investment in and of itself.
Whether you’re looking to increase the financial value of your home or simply want a space better suited to your lifestyle, contact the ReDev team. With the knowledge and experience to bring your vision to life, they will help you realize the true value of a remodel.
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1017 E. Michigan Street
Indianapolis, Indiana 46202
