You may have been in your Portland home for a while and seen many changes in your neighborhood in recent years. Portland has seen tons of growth, not only in commercial properties but also in residential. Many homeowners are getting an itch to move, but with the market the way it is, they either decide to remodel or sell. Unless you’re planning on moving out of the Willamette Valley, it’s a good chance buying a new home is going to cost a lot more than anticipated.
Remodeling is a great option in a market like Portland’s. Your accrued equity can help make remodeling a feasible way to add value, and enjoyment, to your home.
Housing Prices Are On The Rise
Portland’s real estate market is highly competitive – it’s a true seller’s market. Depending on where you live, and how long you’ve had your home, an appraisal will likely show a significant increase in your home’s resale value. It may be tempting to sell if you’ve seen a nice return on your original investment, but selling can be expensive, especially when all the other homes on the market are also increasing in value. Remodeling your current home can help you add more value to your home. If, for instance, you finish a basement, you will add more liveable space. Keep this in mind when pondering whether to remodel or sell.
Make Your Current Space What You Want
A savvy Portland home remodeler can take an existing space and turn it into a dream home. Even if you purchased your home as a starter, you can turn it into the home you truly want through remodeling. Additions not only make your space more useful and enjoyable, but can add more value not only when it comes to resale value, but also for you and your family. If your current home is lacking a luxurious master bathroom, it’s much more affordable to remodel a space to create your oasis than to find a home that has that perfect bathroom but could be way out of your budget. If you’re dreaming of a kitchen fit for a gourmet chef, you don’t have to find a brand new house to make your dream a reality.
Add On To Your Current Home
Adding on to your home is another wise move. Home additions in Portland are increasingly popular with families who love their neighborhood but want more from their home. Adding square feet to a property is also a great way of increasing a home’s value.
Additions can be done in two ways: building out or building up. If you have the outdoor space, adding on to the existing footprint of your home gives you the opportunity to create a space exactly to your liking. You can add a main-floor master bedroom, or add room for a family or game room. If your current space lacks outdoor area, you can add more space by adding an additional level to your home. While a large project, adding an additional level not only creates more room for you, it also drastically increases the square footage of your home, meaning you’ll see an even great ROI should you move in the future.
Square Deal Remodeling Can Make Your Current Home Your Dream Home
Square Deal Remodeling is Portland’s premier choice for home remodeling. Give us a call at (503) 254-4156, or email us through our website.