Get over the fear of remodeling and look toward your “Joy Score.” This according to the Remodeling Impact Report, released by the National Association of Realtors and the National Association of the Remodeling Industry. It says the majority of people who remodel have a Joy Score of 9.4 (out of 10) because they are satisfied with the changes, which have increased the ability for the homeowners to enjoy their homes. The report notes that 74 percent have a greater desire to be in their homes after a remodel.
“Joy scores” for each of the most common major remodeling projects according to the report:
- new kitchen renovation: 9.8
- bathroom remodels: 9.3
- adding a new bathroom: 10
- new master suite: 9.7
- basement or attic conversion to a new living space: 9.4.
More functional renovations like insulation and HVAC replacement scored in the 8-9 range.
What do these scores mean to the average homeowner? Our interpretation is that remodeling is worth it. We didn’t need a “Joy Score” to realize that, but perhaps that’s one way to overcome the nagging doubts about remodeling. Get yourself a good general contractor who communicates well and will work with you to realize your dream home. The builder should be a realist, who will tell you when something can or can’t be done within your budget, and who will make suggestions on how to get to your goals. If you’re “Joy Score” isn’t in the 9-10 range when your project is finished, then your project shouldn’t be considered finished. Find the right contractor, work as a partner with him to design and implement your project, and you might even enjoy the remodeling process. We’re sure you’ll be among the 73 percent of people who feel a major sense of accomplishment when they think of their completed remodeling project.