Remodeling in place is a term being used in the real estate and development industry. It refers to the people who are homeowners and rather than sell their homes and move into smaller accommodations, they choose to remodel the home they are already in. It saves money and it allows the homeowner to feel comfortable while upgrading. They can also control the quality of the upgrades and style. If you are thinking of selling your home, but aren’t sure if it is the right choice for you, here are a few benefits to the idea of remodeling in place.
If you choose to remodel the home you are already in, you can lower your overall costs across the board. For example, if you want to upgrade the bathroom you could choose a tankless water system and some solar heating options. These two options will cost around $6,000 to $12,000 depending on the solar heating option you install. You will upgrade the bathroom and lower the utility costs making the home more affordable to stay in.
Selling a home is full of hassles. You have to find someone to help you sell the home, staging the home for walkthroughs, scheduling, contract reviews, and so much more. Instead of going through that hassle you can handle remodeling projects one at a time to upgrade where you already live. It is less hassle, works with your schedule, and you can control the situation across the board.
If you love your home and the reason you are considering selling it is due to high costs or upkeep, then consider what remodeling in place can do for you. You are comfortable in your home right? Then why leave? Keep your comfort and upgrade the home to meet your needs. If it is a high utility cost issue then take some time to handle remodeling tasks that will lower the costs initially and over time. If the house is too much to maintain, consider remodeling options that let you maintain the house easily. There are always options that allow you to maintain your comfort level and stay where you are.
If you sell the house and move to another house, you may find the new house has what you want initially but the options are limited. For example, you may love the cabinets in a new home but you aren’t too happy about the placement. Unfortunately, there may be nothing you can do and you would have to settle for where the cabinets are. If you remodel in place you can open the door to more options and have cabinets, storage, and other elements of the home the way you want them.
For many homeowners, the overall savings of remodeling in place is enough to keep them in their current location. When you add in the benefits of maintaining their own lives, having less hassle and stress, lowering their costs, and opening the door to more home options the choice is clear. If you are considering selling your home, consider the remodeling in place option instead.