5 signs it ’ s time to renovate
Homeowners renovate their homes for a variety of reasons . Renovations can increase the value of a property and make homes safer and more comfortable for their occupants . Improvements also can be made to stay current with the times or to give a home a new vibe .
Statista projects $ 510 billion will be spent on home improvements in 2024 . The home improvement market is generating significant revenue . In fact , nearly a quarter of Americans opting to renovate their homes will spend an average of $ 10,000 on their projects . According to a Home Stars Renovation report , 8 percent of Canadian homeowners who have renovated have spent more than $ 20,000 on a home improvement project .
Kitchens and bathrooms often get the most attention when it comes to home improvement . However , every room and space in a home may need a renovation at some point , and the following are five signs it ’ s time to renovate .
1 . Age The National Association of Home Builders states that 50 percent of U . S . homes are over the age of 40 . That means that age alone could dictate a need to renovate , particularly if some materials are original to the home . For example , asphalt roofs typically last 25 to 30 years , while window frames can last 20 to 50 years depending on how well they have been maintained .
2 . Inconvenient layout Some homeowners scratch their heads when faced with awkward floor plan layouts . While one may live with the inconvenience for some time , typically a floor plan that isn ’ t working for the homeowner is a major driver of renovations .
3 . Outdated looks A home can look dated even if it is a relatively recent build . That ’ s because trends change quickly . For example , dark , cherry cabinets that were popular just a little while ago have now been replaced by lighter color palettes . Homeowners whose homes do not match the looks emulated in design magazines may consider a change , particularly if they ’ re planning to sell soon .
4 . Deterioration Signs of water , storm or structural damage should be addressed as soon as possible . Any deterioration should be a strong indicator that it ’ s time to renovate .
5 . Efficiency Escalating utility bills could be indicative of an inefficient home . Homeowners can conduct energy audits and then improve the areas where energy loss may be occurring , such as windows , doors , siding , and insulation .
Homeowners can renovate their homes when they see fit , but various signs may warn that it ’ s time consider updating or remodeling a home . n
34 Spring 2023 | Thomasville Scene