"...Remodel, of course!"

Today's real estate market is what Realtors refer to as a "seller's market."  A seller's market is an economic situation in which goods or shares {homes} are scarce and sellers can keep prices high.  While this is an excellent time to SELL your home, you have to be willing to pay more for your next home.  In addition to needing to pay more for the home, today's buyers are finding themselves in bidding wars, which drives up the cost of the home.  According to {this article}, ...tight inventory levels have made some owners hesitant to sell because they fear they won't be able to find a home to move into.

So, what is an evolving family supposed to do when their current space no longer works for them? Remodel, of course!

Remodeling your existing home is more affordable than you think.  According to {this article}, ...the cost of remodeling is generally less than the retail market price of an existing structure... The same article also mentions that if a homeowner makes smart decisions in their remodeling adventure, they would bring in a high-percentage return when it is time to sell. 

The most popular remodeling projects include {kitchens}, {bathrooms}, and {basements}. While these projects don't add more physical square feet to your home, they can improve the livability and efficiency of your existing space, or give a much needed update to a dated room. Follow the links above to check out some of our clients' transformations.  If you prefer an open-concept living space, be sure to look at the photos of this {Shoreview remodel} featured on our blog.  Additional inspiration can be found in the photos below:

If you are in need of additional space in your home, you may want to consider a home addition. With a {home addition}, you can create any type of space you want/need: A new bathroom, additional family-room space, a master suite, a new front-entry, etc. Another benefit to a home addition is that you are adding additional finished square feet to your home, which will increase its value. My {most recent} favorite project was creating a welcoming entryway for homeowners with a small, split entry home.  Check out the blog post, and interior photos, {here}.

In addition to traditional remodeling projects, Ulmer Construction also provides Remodeling for Accessibility, so you or your loved one can "age in place."  Take a look at our {Accessibility Services} page for more information.

Is financing a concern?

If you've been in your home for a few years, you probably have some equity that you can use with a home-equity loan or line of credit.  Head to your local {bank} or {credit union} to see what today's interest rates are.

If you live in the Minneapolis/St. Paul or Greater Metropolitan area, there are some excellent financing programs for homeowners.  They offer programs from general fix-up programs to energy-conservation improvements.  Check out their website {here}, or head over to {Ulmer Construction's Community Resource} page for a quick overview of the most popular options.  Program offerings differ by city, so be sure to find your city/neighborhood in the drop-down menu.  

If you are considering remodeling your home or office, {contact us} so we can start discussing your ideas.  Estimates are always free! ​

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