Does It Make Sense to Remodel?

In times of economic uncertainty, people are more likely to choose to remodel their home rather than go through the expense and stress of building a new home. Warren Kaufman of Renovations, a Diamond Certified company, uses methods of design known as “Life Cycle” and “Aging in Place,” to coach clients into making the right decision.

Kaufman says it’s usually less expensive to remodel than to opt for new construction. You already have the lot, a roof over your head, and equity. Another consideration is how long you and your family plan on staying in the home. It’s wise to look at the return on investment ratio. With “Life Cycle” design planning, you’ll be asked to think about who will be living or visiting the home. If plans include staying in your home for your “golden years,” it’s possible to make simple modifications to enable you to remain in your home as long as possible.