Considering Future Property Value and Duration of Ownership

One key aspect to ponder for prospective homeowners is the future property value after completing any construction work. Understandably, clients often get excited about embarking on renovations or additions to their newly acquired homes, ranging from minor updates to major remodeling projects. However, it is crucial to assess the anticipated value of the property post-renovation. Equally important is determining the duration of ownership and how long the property will be utilized. The length of time a homeowner plans to reside in the house significantly influences the projected property value.