The coronavirus pandemic has shown us all how important it is to be comfortable in your own home because you never know how long you’re going to be stuck there. An online remodeling platform called Houzz saw a 58% increase in home remodeling projects in June of 2020, in response to the pandemic. Here are a few reasons why now the perfect time is to do a remodel if you’ve been considering it.
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Lifestyle Changes
The pandemic has an impact on so many aspects of our daily lives and the home has become more crucial than ever. It’s no longer just a place to relax and spend time with your family it’s an office, school, social club, or vacation spot and if your home is not designed to accommodate these activities it can be hard to adjust. If you’ve been forced to make a sudden lifestyle change, it may be wise to update your home accordingly, so you can feel comfortable until things begin to return to normal.
Low-Interest Rates
The federal reserve has slashed interest rates to zero, which means that most lenders will be willing to give you a cheap loan if you qualify for it. That means that now is a great time to refinance your mortgage or borrow against the equity of your home because it’s never been more affordable to do so. If you’ve thought about remodeling, you can possibly save money by refinancing your mortgage and putting that toward home improvement. As long as you make improvements that are tasteful and functional, it will increase the resale value of your home, so you will get that money back when you decide to sell.
You’re Home Anyway
If you’re going to be stuck at home anyway, you may as well use the time productively. Remodeling can be difficult if you’re busy with normal daily activities like work and watching your children. But if you’re working from home and your kids are doing virtually schooling, you have all the time in the world to supervise a home remodeling project. It doesn’t take much effort to keep an eye on the process – you simply need someone nearby to open the door for workers and contractors and be available if there are any issues or delays. Under normal circumstances, this can be tricky if you have a busy schedule. But if you’re already going to be sticking close to home, it won’t be as much of a hassle.
If you are considering a home or room remodel, visit Kitchen & Bath By Design. Renovations are major projects so be sure to select a trusted home renovation company that can get the job done right.