Home Improvement: Cost vs Value
10/14/2015
Everything you do, and don’t do, to your real estate can affect its value somehow. This principle makes it imperative that home owners have a sense of awareness about how their home’s value will change when they decide on, or decide to forego, home improvement projects. One of the many long term perks of masonry construction is the lifespan of the materials. Well installed masonary materials have an incredibly long lifespan compared to wooden, or newer composite materials. The lifespan is important to appraisal value, for example: Home Owner A
Both home owners maintain their walkways in a sufficient manner and in 10 years both decide they want to retire to a sunnier climate. Who can blame them! Anyway, here is what happens at home appraisal time when the walkways are considered: Home Owner A
Now, here is another possible scenario: Home Owner A
Home Owner C likes Home Owner A’s walkway but finds a less expensive ‘deal’:
Again, both home owners maintain their walkways in a sufficient manner and in 10 years both decide they want to retire to a sunnier climate. Home Owner A
Home Owner C
While the initial project budgets are different, in both scenarios the loss on the investment is greater when insufficient materials and installation methods are used.
Careful spending on your home improvement projects will benefit you greatly in the years to come. Have a project idea? Contact us! |
Bill Pearn Masonry BlogQuality construction does not only build structures, it also builds: town pride, small business opportunity, beautiful neighborhoods, home equity, and ultimately better lives.
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