Home remodeling is an expensive ordeal and requires a substantial investment. Controlling construction cost requires carefully selecting house remodeling ideas that will add value to your property while enriching the owner’s lifestyle.

In addition, when planning a major home remodel project, it also should be your goal to wrap in house maintenance projects of products that are at the end of their service life.

An example of this is replacing the composite roof shingles because there near 30 years of age and scheduling the replacement of siding and exterior painting within the same project schedule.

By including multiple projects together, the owner can save some money, reduce consequential damage to other related parts of the house and get a completely new updated look at the end.

This article is focused on combining house remodeling ideas together when planning a home remodel.

One of the greatest underappreciated features of a major Houston remodeling project is that it should be synchronized with replacement of obsolete house products like new roof shingles, windows and appliances.

The results of combining the required obsolete product replacements with a major home remodel project can save you a substantial amount of money and future inconvenience.

Understanding the financial impact of combing projects is important in getting a complete appreciation for the direct and indirect total cost of the project. Once this total cost is captured it should be added back to the existing mortgage balance to determine the owner’s equity in the property.

The owner can compare the equity balance to the comparable house sales prices on the market. The result of this comparison can indicate how favorable the house remodel improvements will result in the future investment return.

We will discuss the different kinds of financial benefits and the way they are measured that can be obtained from house remodeling ideas that are combined and contribute to a greater future value of the property.

Learn how combining home replacement products with house remodeling ideas can boost your home financial results

Economies of Scale

The principles of economies of scale are an economic theory that suggest that the cost of producing one unit is less when many units are produced at the same time.

So, in the case of combining multiple home improvement projects, the owner experiences more competitive cost advantages then they would experience doing these projects independently.

This condition that benefits the owner are the direct results of the general contractors buying power, the cost of capital to finance the combined projects and project managerial economies.

Production builders provide an excellent example of how purchasing power can afford the builder better pricing on buying in bulk.

Also, by including product replacements into the house remodel project, service cost associated with product replacements such as hourly rates, trip charges and minimum charges dissipate.

The economies of scale can contribute to the house remodeling ideas return on investment.

Energy Cost Savings