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The Economics of Renovation: How Remodeling Companies Add Value to Properties

Victor K • Aug 15, 2023

With the current economic meltdown being talked about at every bar and café in Seattle, it is imperative to save money where it can be saved. One of the many ways to do so is by adding value to a property rather than buying a new one or going for a full fledged renovation. Therefore, remodeling companies of the present day and age advice heavily on adding value to properties rather than full-blown bank-breaking renovation. Let’s look at some of the top ways you can ask your remodeling company to add value to your home.

 

Changing The Outlook

The first thing modern remodeling companies are going for is changing the outlook of the home. While keeping in touch with the neighborhood theme, they are changing the color pallets and siding material that instantly increase the appeal of the building. This also includes garage and outer remodeling of the home/building which are often neglected in a renovation plan.

 

Modern Roofing

Selecting the ideal roofing system requires careful consideration of factors such as cost, longevity, energy efficiency, appearance, environmental impact and roofing contractor Seattle. Each roofing material has its distinct advantages and disadvantages, and having a comprehensive understanding of these aspects will empower you to make a well-informed decision tailored to your specific requirements and preferences. It is advisable to seek advice from roofing experts like TOV Restoration and weigh the long-term benefits before making your final selection, ensuring that your property is equipped with a sturdy and dependable roofing solution.

 

Energy Saving

This is by far the most effective way of adding value to any property, be it a one-room apartment or multi-home society/compound. More and more remodeling companies are asking and providing energy-efficient services to existing homes and buildings. This might look like a heft bill, but should always be looked at as an investment. Not only does it reduce the energy bills for living in the property but also adds value while selling or renting since more and more Seattle dwellers are looking for homes that cost them less every month.

 

ADUs and DDUs

Now several homeowners in Seattle are thinking out of the box for adding extra space in their already existing property which is what many remodeling companies are offering. When we talk about adding extra space to a property, there are two major options. The first one is an ADU (Accessory Dwelling Unit) and the other one is a DADU (Detached Accessory Dwelling Unit). DADU is a separate unit detached from the main house whereas ADU is attached from the main house and accessible from inside.

 

Final Verdict

Many YouTube channels will tell you that cash is not king because it gets wasted. However, with a booming recession building up, it is imperative to save as much as you can all the while making sure that you live in a presentable space that has added value once it is put up on the market, if one decides to move on. Therefore, companies like TOV Restoration are relying heavily upon changing the outlook of the home, replacing old roofs with modern ones, energy-saving practices, an increase of curbside appeal and creating additional space in the existing ones. All in all, these are some of the steps a homeowner should take to take full advantage of this current wave of economical remodeling. 

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