Return on Investment
Return on Investment
Home Remodeling Decisions
Return on investment is one of the biggest factors to consider when you’re contemplating a home remodel. Whether you decide to upgrade your bathroom, modernize your kitchen, or enhance an unused space, you want to know that it’s worth your time and money.
At DRR Contracting, we perform quality remodeling that adds comfort and pleasure during your residency and becomes an asset should you choose to sell. Still, it’s important to understand that not every project gives you the return on investment you seek.
Each year Remodeling Magazine researches the most popular home remodeling projects and shares the findings in their online report, Cost vs Value. Experts calculate Job Cost, Resale Value, and Cost Recouped when the home is sold.
It’s an informative guide for homeowners, but true ROI isn’t always about money. Return on investment often depends on non-monetary factors such as your future relationship with your home.
Your Home for Life
If you’re in your forever home, your return on investment may have little to do with money. You consider the personal enjoyment, the entertainment value, and the pleasure you get from having a beautiful, spacious home. It sounds like a cliche´but you can’t put a price on that.
Your Short-Term Home
If your home is a “starter” or you plan to move in a few years, you look at ROI from a different perspective. You enjoy the work now and look for a financial return later.
You get to enjoy a new bathroom, a wonderful kitchen, or even a beautiful new door. When you put your home on the market, your upgrades attract buyers. Some remodeling projects may even make the difference in selling quickly or waiting months for an interested buyer to come along.
Remodeling to Market Your Home
If you’re remodeling extensively just to make your home more attractive to buyers, you won’t likely receive the return on investment you want. In fact, you might lose money on the deal. Of the projects listed in the Cost vs Value study, only garage door replacements came close to generating a %100 return on investment.
We Work Hard To Earn Your Trust
We feel it’s important to address return on investment as it’s part of our commitment to give you all the information you need to make the right remodeling decision. When you’re ready, we promise to complete your remodeling job professionally using quality parts and materials.
Are you ready to get started? Explore your options? We enjoy talking to homeowners about the possibilities. So reach out and give us a call or fill out the form and we can start creating your vision of home.
DRR General Contracting, LLC
PO Box 97
Franklin MA 02038-0097