Due to the slow recovery of the economy and housing market in Arizona, many people are unable to move from their homes or invest in other properties.
Despite its many drawbacks, this economic slump provides an amazing opportunity for homeowners to invest in their homes, enhance their standard of living, and prepare for the return of the housing market! Here’s a look at why now is the time for a kitchen, bathroom, or home renovation:
Low interest rates for home equity loans are making it easier than ever to begin a home renovation project. You can easily find a home equity line of credit for as low as 3% from banks and lenders who are eager to do business with you.
When the market starts to improve, you can expect the cost of financing your home, kitchen, or bath renovation to increase, making now the perfect time to start turning your house into the home of your dreams.
Low Cost of Materials
The cost of many raw materials used in the renovation process is lower because of limited construction and development. Working with a general contractor now could mean that these savings are passed on to you in the form of a more affordable remodel.
Opportunity to Prepare for the Future
The housing market in the Tucson area has historically been very competitive, so it’s only a matter of time before it bounces back. Investing in a home renovation project now will provide you with a huge return on investment once the market starts to pick up again.
Improved Standard of Living
Despite low home values, moving is impractical or impossible for many homeowners today. If you’re looking for a way to enhance the comfort of your living conditions without breaking the bank, home, kitchen, and bath renovations are the way to go.
The Vital Role of Kitchen Lighting
Does your kitchen feel dim and drab? Some well-placed kitchen lighting might be what you need to make it a more enjoyable, functional space in your home.
Renovate vs. Remodel: What’s the Difference and Which Is Right for You?
If you’re ready for a dramatic change in style and function, remodelling or renovating your home or apartment might be the way to go. Although the terms are used interchangeably, remodelling and renovating are actually two different processes.
Knowing the difference between the two will help you get what you want when working with your remodelling contractor. Here’s a look at the difference between remodelling and renovation:
The Differences Between Renovating and Remodelling
When people think of home remodelling or renovating, they often only focus on the end result—a beautiful kitchen or bathroom, new countertops and vanities, and so forth. However, everything that happens before the big reveal of a new room is what makes the difference between renovating and remodelling.
Depending on the amount of time you have, your budget, and your desire for change, you might be more interested in one option or the other.
Remodelling is typically a more in-depth process that involves removing or modifying architectural features of a room. Expanding your kitchen or bathroom, moving plumbing and fixtures, and altering a room’s layout are all examples of remodelling.
Renovating, on the other hand, only involves upgrading the contents or features of a room and doesn’t involve much structural change. Examples of renovating include installing new tile, upgrading fixtures, and updating cabinetry and appliances.
In both cases you may need to rent a dumpster for renovation, depending how much construction debris you end of getting after all the work is done.
Determining What’s Right for You
As you can imagine, remodelling costs are usually higher than renovation costs because of the time and labor associated with structural changes to your home or apartment.
Remodelling also takes a lot longer, so you should plan on minimal kitchen or bathroom use for an extended period of time. However, remodelling offers homeowners greater control over the look and feel of their kitchen and other spaces, making the end result completely customized to their tastes and needs.
Updating the look of your home can not only improve your comfort levels but also increase the future resale value of your space.
Kitchen and bathroom renovations are the most profitable and popular of home renovation projects. To ensure you get the most out of your renovation project, make sure you appeal to future homebuyers by incorporating current design trends. Here are three popular kitchen and bath renovation trends in the Tucson area:
1. Bold Colors
If you’re looking to make a dramatic change in your kitchen or bathroom, then bold, bright colors are the way to go. Successful modern kitchen and bathroom renovations typically incorporate a blend of bright colors with a neutral backdrop. Perhaps you’ll accent your white walls with red cabinetry or incorporate a colorful tile backsplash to an otherwise tame kitchen. Just a bit of bright color will be enough to bring your kitchen or bathroom to life.
2. Bright Lighting
Show off your kitchen or bathroom renovation project with high-quality lighting. Great lighting will not only help to improve the functionality and comfort of your kitchen or bathroom, but can also give it a fresh look. Places to really emphasize lighting include counters, cabinets, food preparation surfaces, and vanities.
3. Quality Tile
Tile is a natural component of kitchen and bathroom renovations since it is durable, low maintenance, and waterproof. In addition to using tile to cover your floors, use tile on other surfaces to add a bit of personality to your kitchen and bathroom. Examples of great tile uses include vanities, countertops, backsplashes, and mirror frames.