Can I let you in on a little secret? 2021 is the year to tackle your home renovations.
Just hear me out for a minute. I know we are living through a global pandemic that might present you with other worries, and the timing might not be right for everyone. Home renovations are a major investment of time, money, and energy, and tackling them needs to be a personal decision based on your individual circumstances. But with that in mind, if you feel like you can swing it, now is the perfect time to at least contemplate upgrading your home. Revival Home Renovations can give you three reasons why you should tackle home renovations in 2021. Or at least contemplate it.
3 Reasons To Tackle Home Renovations in 2021
1 – You are Home Already
Normally one of the difficulties people face during home renovations, is being home. You need to be able to meet with your contractor, which is sometimes tricky to make time for around busy work/life schedules. With so many people working from home now though, the timing is perfect. Whether your contractor is on site or you are working out early details over zoom calls, it is easier to fit in time when you don’t have to factor in the commute from work to home. You also don’t have to worry about missing work in order to let work crews into your home when the actual work is going on.
If you are concerned about the distraction of working from home while home renovations are going on, don’t be afraid to think outside the box. Talk to the crew and schedule any important meetings you might have during their lunch breaks or after they leave for the day. Or see if they can tackle quieter tasks for the duration of any meetings which cannot be rescheduled. Change up your work schedule to work before they arrive or after they leave if possible. Consider investing in noise-cancelling headphones to drown out the noise during other times. And remember that nothing lasts forever, whether that is temporarily working from home, a home renovation project, or a pandemic.
Make the most of the moments, and surprising benefits presented, in an unprecedented time.
2 – Mortgage Rates are Low
With mortgage rates currently sitting at ridiculously low levels, now might be the time to take advantage of that. If you already have a mortgage, you may be able to refinance it to reduce your current interest rate. In turn, this may open up the option to free up some much-needed funds in order to tackle those renovations you have been dreaming of. Talk to your financial advisor to see if penalties apply and whether you have enough equity in your home to work with. You might be surprised and find yourself with lower payments AND a new kitchen in the works!
3 – The Real Estate Market is Hot
For those unaware, the current real estate market in Ontario is HOT. It is a home seller’s market, with listings often selling fast, with multiple offers, and often above asking price. This is due in part to a lack of inventory available. People want to buy houses, but there aren’t enough on the market, so competition is fierce.
Nearly 55 per cent of more than 750 real estate experts quizzed by Royal LePage said an upgraded kitchen has the potential to increase a home selling price by more than 12.5 per cent.
In order to get top dollar for your home, it benefits you to have a marketable commodity. The better shape your home is in, the more it is worth. A desirable home also means that the time it takes to sell it is greatly reduced. So tackling some much-needed home renovations before listing your house on the market will benefit you in the long run, increasing your sale price and reducing the whole process overall. There are plenty of real estate agents clamouring for business, so make sure you do your research in finding the best agent to represent you and your needs. And make everyone’s life easier, by presenting a home that is easy to sell with a fresh look. Remember—kitchens sell homes! Make yours a centerpiece that home buyers can’t wait to get into.
Have the Kitchen of Your Dreams!
If 2021 has taught us nothing, it has taught us to take advantage of the moments that life presents. Don’t let opportunities pass you by and be open to new experiences and ventures when the time is right. Like tackling your kitchen renovation in 2021 with Revival Home Renovations! Contact us for a quote today!