As custom home builders in Temecula that also take on large home remodels, it probably doesn’t surprise you that we think now is a great time to start a home remodel in Temecula, California. But hear us out! It really is a good time to consider remodeling or even building a custom home, and here’s why:
Take Advantage of Home Equity
Unless you just bought your home in the last year or two, you likely have a large amount of equity in your home. So, if you need cash to fund your home remodel, you probably have access to it through a home equity line of credit or home equity loan.
If you’re going to tap into your home’s equity, putting that money back into your home in the form of a home remodel is a great use of it, as opposed to using it for something like a vacation or to purchase a depreciating asset like a vehicle.
Invest in Your Home
If you already have the cash on hand to pay for a home remodel, investing in your home is generally a good use of those funds. Many home improvement projects have a good return on investment—especially if the improvements bring your home up to par with the rest of the homes in your neighborhood.
Real estate experts say that buyers are increasingly looking for updated homes, rather than opting for fixer uppers. When it’s time to sell your home, having an updated home that includes many of the amenities that modern buyers are looking for will help your home sell faster and for more money.
What types of upgrades are buyers looking for? Of course they are looking for cosmetic upgrades like well-designed kitchens and bathrooms, high-quality flooring, and updated exteriors, but they are also looking for upgrades that make a home more energy efficient, such as new windows, high-efficiency HVAC systems, and tankless water heaters. In addition, they want homes with layouts that make sense for a modern Southern California lifestyle. This often includes things like more open floorplans, home offices, and master bedrooms with large walk-in closets and full, spa-like bathrooms.
Supply Chain Woes Are Over
Did you have friends, relatives, or colleagues who were involved in a home remodel or custom home build recently? They probably had a lot of gripes about how long things were taking and how frustrating the process was. Much of this was due to supply chain issues, as well as city planning departments being overwhelmed during the COVID pandemic. These issues have largely been resolved in the past couple of years, and things are pretty much back to normal. We can now get building supplies in a timely manner again, and getting plans approved and inspections scheduled is back to how it was prior to the pandemic.
The home remodeling and building process can still take a significant amount of time, but at least now general contractors can give provide a fairly accurate timeline at the start of a project because there is less uncertainty in the home construction industry and city planning departments.
Are you ready to get started with a home remodel in Temecula or any of the surrounding areas? We would love to talk with you! Contact us at Cal-Pacific Contracting to schedule a time for us to come by your home and discuss your project.
