As we approach the holiday season, we decided to take a break from our regularly scheduled blogs to focus on aspects of renovating that aren’t as frequently discussed. Remodeling is one of the biggest home improvement industries in our country that allows many small contractors an opportunity for tremendous success with the right business plan and team. Likewise, it allows homeowners to transform their living spaces into gorgeous rooms worthy of being featured in magazines and social media profiles.
It’s so easy to get caught up on the business side of renovating! As homeowners, we might spend 20-50K on a bathroom and 50-100K+ on our dream kitchen. We want to make the most out of every penny we spend and choose a design that is trendy yet timeless to ultimately improve our resale value. On the contractor side, we want to maximize our profit by completing each renovation as efficiently as possible. We also want to keep our clients happy during the experience, so we continue to gain a positive reputation in our service area.
But what is the true reason renovating is so popular? 90% of the homes we visit on a first consultation are functioning just fine. Some are even expertly designed but getting a little dated. So why do we invest enough money into our kitchens, bathrooms, and general living spaces to create an entire industry focused on fixing something that really isn’t broken?