This is a question we get very often. Our common answer is anytime is the “right” time to improve my home. It depends on your 3 “L’s” life, lifestyle, and location.
We always ask what is the reason behind the home improvement? From time to time we have clients looking to make changes to their kitchen and bathrooms because they saw a picture in a magazine. Some families are expanding and need that extra bedroom for a new child. Others are finding it more efficient to work from home and need to convert that garage into an office. Your ever-changing life may lead to the change of a home. In most cases it is easier to change your existing house to adapt to your life rather than move to a new house.
Other factors must be considered when starting a home improvement specific to the task at hand. For example, if you are looking to make an addition to your home and exterior walls or roof of existing house may need to be removed, then times of extreme temperatures may need to be considered. In Las Vegas, Nevada we have mild winters, moderate but occasionally windy fall and spring, and hot summers. Our climate allows us to build throughout the year, but weather conditions must be considered before attempting certain tasks such as pouring a concrete in extreme heat or wind.
Another consideration of timing of home improvement is finances of the homeowner. During normal financial markets, homeowners have equity in their homes that can be used for home improvements. Today, with home prices falling, equity only exists in about 50% of current Clark County homeowners. Different than 2 years ago, those who have equity are having a difficult time getting home equity loans from their local lending institutions. Many of the people we are helping today are using cash or advances on credit cards. Of course, we want to help every homeowner looking for a home improvement, but we want our clients to be fiscally responsible.
When planning your next home improvement or remodel, consider the 3 “L’s” and how it relates to you.
Good Luck with your next project. Remember when looking for a home addition or repair in Clark County, Las Vegas, or Henderson, please consider Custom Homes By Chateau, LLC for your next job. Contact Brett Primack at 702-858-4051 or firstname.lastname@example.org.