Which Renovations Add Value to your Home and which might Only Add Personal Value
Whether you are considering a large home remodel or a small kitchen upgrade, one of the many things you’ll want to consider is whether or not this renovation will add value to your home. Most homeowners don’t want to spend a lot of money on a project if they are not going to get a good return on their investment. Here are some tips on whether a job will add value to your home or not.
Do Kitchen Remodels Add Value to a Home?
Kitchen are one of the three major things that people look for when buying a home: the location needs to suit them, the bathroom better not be small, and the kitchen better ‘WOW’ their guests. It seems likely then that a kitchen remodel would be a great place to invest when deciding what remodel. And yes, this the case, but only to a certain point.
Deciding to remodel your kitchen is a great investment, often returning more than 100 percent of the cost. According to a study by Remodeling magazine, the markets in Washington, D.C., Minneapolis, Chicago, Atlanta, San Francisco, and San Diego all offered triple-digit returns on a kitchen remodel.
Will remodeling the bathroom help to increase value?
Like the kitchen, bathrooms are important when determining the value of a home. Buyers care a lot about the bathroom, because after the kitchen, it’s one of the most used spaces in the home. The cost of upgrading the tub, tile, floor, toilet, sink, vanity, and fixtures all can be recoup, according to past sales’ figures from around the country.
A dated bathroom will never help to add value to your home. If your home is in great shape, with a beautiful kitchen, spacious bedrooms, and a great location, then a pink bathroom from 1972 is going to go along way in making the buyer rethink the home. Therefore, remodeling the bathroom is a call you must make depending on the current state of the throne room.
What about adding a bathroom to a home?
If your home has one bathroom or if you don’t have a master bathroom, adding one will not only be useful for you while you live there but it can also increase your home’s value. If you add an additional bathroom to your home with at least a shower stall, this will drive up the value of your home; the more bathrooms, the better!
Do hardwood floors increase add value to a home?
Hardwood floors can definitely go a long way in adding value to your home. Hardwood flooring is the preferred flooring choice for home buyers since it is beautiful, natural, and stands the test of time. Likewise, consistency throughout the house is extremely important. A buyer can get over carpet in the bedrooms, but they like to see hardwoods in the main areas of the house, like the living room, kitchen, and the hallways.
Increasing Value with a Deck or Patio
Nothing enhances a yard like a wood deck. Increasing usable outdoor space by adding a deck or patio is a great way to add value to your home. Decks and patios that are visible from the front also increase the curb appeal of your home. Besides the big selling features mentioned above, an outdoor deck or patio goes a long way in adding value to a home. One of the ways it does this is by seemingly increasing the livable space of the home. When a potential buyer is touring the home, a large, well-built deck will feel like just more space for them to imagine living in.
Should I upgrade my home’s energy efficiency?
Adding any type of energy efficient products such as windows, appliances, and insulation will not only save you money but it will add value to your home. Home buyers love to know that their new home will cost them less money in the long run. Do not go overboard here though, a buyer would much rather save $2,000 than to know that the insulation in the attic was imported from Italy.
Does replacing the garage door add value?
A nice-looking garage door goes a long way in adding value to your home. Garage doors add curb-appeal and will get you back almost every dollar you spend on it when you sell your house. People like their home to look nice from the outside, and a garage door is a big part of that (literally it can sometimes be 50% of the front of the home).
What about a garage addition?
If your home does not have an enclosed garage space, you may want to consider an addition. One, two and three car garages will increase the square footage, storage space, and value of your home.
Does fancy landscaping add value?
A general upgrade to your home’s curb appeal could marginally increase its value but high end landscaping designs with specialty items such as fountains and other ornamental structures will not add value.
Does replacing the roof add value?
Sometimes it is necessary to replace your roof. This is a costly and time consuming job but if the roof is leaking, a potential buyer will never get past it. Therefore, a roof pays for itself in a way, since without a replacing a leaky roof, you wouldn’t get anything. Other than that, a new roof won’t have much a return on investment.
Things That May Not Add Value to Your Home
While a kitchen upgrade does add value, the high cost of a gourmet kitchen will not. Too many custom design and features may suit your taste but it will not add any more value than a typical kitchen upgrade.
Installing a whirlpool tub in your master bath will add a wonderful place for you to relax and unwind. However, whirlpools do not typically add monetary value to a home.
Swimming pools are typically a feature that homeowners either want or they don’t want, therefore, you could be taking a gamble on home value if you add a pool.
Some Things to Keep in mind when Remodeling your Home to Add Value
Golden Construction Services, Inc.
Which Materials to Update an Income Property With
As the owner of rental or income properties, you may want to replace some of the items inside to either update or improve the overall look of the unit while creating durability and saving you money. Often this is thought to be a stressful and time-consuming project, but with a bit of research, this interior project can be done quickly and efficiently.
Updating Cabinets of an Income Property
Improving the cabinets, both in the kitchen and the bathroom areas, can be a quick and inexpensive way to instantly transform the look and improve the overall feel of your rental or income properties for a fraction of the cost. Often the cabinetry is in fine condition overall but needs a facelift to enhance the exterior look of the unit. This can be accomplished for a fraction of the cost by purchasing new doors for the cabinets only.
From a simple unfinished pine door to an elaborate piece with glass inset into the frame, the installation process is more simplistic. If these cabinet doors are going into rental or income properties, then you may consider buying the high quality, yet inexpensive, PVC cabinet doors now on the market. Available in both matte and high gloss finishes, these PVC doors are strong, durable and easy to clean and maintain for your income properties.
This is also the time to consider adding new hinges to the cabinets. There are many hinge styles out there from the old style “simple” butterfly close hinge to the more modern “soft close” styles. Since the hinges hold the doors onto the cabinets they need to be durable and able to withstand often times harsher uses at an income property.
Replacing Countertops in an Income Property
Replacing worn out countertops is another way to spark up the image of your income properties, without killing your budget. New countertops are relatively easy to install on top of your newly refurbished cabinetry and will greatly improve the overall look of your income properties.
Available in a large variety of colors and materials, there are many options from which you can choose. If you are looking for a cost-effective yet durable countertop in your income properties, then laminate countertops may be your best bet. With a large variety of color options to faux marble and wood motifs as well, this upgrade will make a large difference in the overall appearance and comfort of your income properties without putting a large dent in your budget.
Consider a Professional Remodeling Company
If you are an income property owner, you need to consider the budget, function, durability, and style when choosing materials. Be sure to take all of these options into account when planning your next income property remodel. Call a professional remodeling company today to help you with all of your income property needs.
Why Should I Bother With Remodeling My Deck?
It is the perfect time to turn something old into something new. In Florida, it is all about outdoor living. You may have been considering a deck remodel to ensure that your outdoor fun is enhanced, not interrupted. Here are five stellar reasons that you should consider a deck remodel now.
- Adding New Features
What better way to increase the time you spend on your deck than to add additional features. You could add great features such as a fire pit, an amazing outdoor grill to cook on, built in seating, and even water features which add a relaxing feel to your outdoor space. It is unbelievably easy to update your deck to the point where you are not only the envy of the neighborhood, but also provide an amazing place for your family to spend time outdoors.
Expand the Square Footage of Your House
By completing a deck remodel this spring, you can expand the square footage of your home and dramatically increasing its value. Not only does it improve your home’s value, but it also improves how you live in and around your home. If you are one of the many people who feel like they need more space in their home, adding or expanding your deck can make your home feel less cramped. This is an amazing way to enhance your home without costing a fortune. It is also a great way of drawing yourself outside to enjoy your outdoor living space.
Creating a Better Place to Entertain Guests
If you like to entertain guests and you like to barbecue, a deck remodel and expansion is a great place to start. A deck is a great location to casually or formally entertain guests outside of your home. You will have a lot more space for enjoying time with your friends and family. Add a few great grill recipes and you will become the talk of the neighborhood in no time!
Providing a Safer Structure and Reduce Upkeep
A deck remodel is a great way to ensure that the structure is completely safe. Every couple of years, there are advances in decking materials. With the materials that are currently on the market, you are easily able to create a deck that requires little to no maintenance. By switching from wood decking to composite decking you will cut down on maintenance. For example, you will no longer have to stain or seal your deck. Your deck will not only be more functional, it will also be more beautiful, more structurally sound, and a more secure railing and gate set up.
Give Yourself a Reason to be Outdoors
Let’s face it; a deck remodel will make it more likely for you to spend time outside. A simple deck remodel is a great way to lure you outside which will greatly improve your health.
Who knew that a simple deck remodel could bring so many great benefits, and just think, we have barely scratched the surface. If you are considering a deck remodel call your golden construction services today.
Top things you should discuss with your contractor before a remodeling job
Who hasn’t heard some remodeling horror story or cautionary tale from a friend, relative or neighbor? Incorrect paint colors, incorrectly placed tiles or an overall look that is not what you had in mind are just some things that can go wrong when completing a home remodel or business renovation.
In order to avoid any of these issues it’s a good idea to discuss the job with your contractor and create a dialogue before the job begins. Being on the same page as your contractor will go a long way and take you from the beginning to the end of the project. Your job may also require plumbers, electricians or even landscapers. You should also include other these other people in your discussions as well. Frequent and honest communication is key to the success of your remodeling job running smoothly and effectively.
Creating a Timeline for you Remodeling Job
One of the most common issues that people have is the timeline for a job. You may just assume that you don’t have much control over this, however, this is not always the situation. Weather, shipping issues or other problems out of the control of the contractor can come up at any time. What you can do to help is be sure to return calls to your contractor in a timely matter and don’t wait too long to make decisions. Products must be ordered before the job is done and nothing can be ordered until you make final decisions.
What should I ask my contractor before remodeling?
Here is a great list of topics and questions to talk to your contractor about prior to your next renovation:
What is the estimated time that the project will take?
Is there any way I can assist if there is a delay?
How can I prepare my home for this remodel?
What do you do to keep dirt and debris at bay?
Where will construction materials be stored during the remodeling?
How will garbage and unwanted materials be removed?
Do I need to be concerned about any harmful fumes or odors?
Where will the crew need to set up?
Will I need to vacate the home for any period of time during the remodel?
What are your typical work hours?
What are my financing and payment options?
Should an issue come up during construction what is the best way to handle it?
You also need to discuss cleanup expectations on a daily basis and for the end of the project. It would also be helpful to let the crew know if they will have access to bathroom facilities. You can eliminate some of the stress of a remodeling project by keeping an open line of communication with your contractor.
Renovations in your home can be time-consuming, frustrating, stressful yet rewarding at the same time. Being in contact with your contractor will go a long way to getting you from the beginning to the end of your project smoothly.
Hire a Trusted Contractor – Golden Construction Services LLC
For all of your remodeling needs call the experts at Golden Construction Services. Our licensed and insured remodeling and construction services focus on you, the customer. We only care about completing the job the way you want it completed–everything else is secondary. Contact us today to discuss the scope of your project and to get a free estimate. Customer satisfaction is our number one priority!
Value or no value? That is the Question
If you are considering a remodel or upgrade, you may be wondering if your project will add value to your home or not. Some remodels are done for personal choice or taste, while others may be considering resale value. If you are considering selling your home in the near future, you should be considering whether or not the remodel will provide a return on your investment, as you may not get the full value from your project. Below is a useful list that will answer your questions.
Replacing a kitchen can be a costly renovation. But, it doesn’t have to be. Updating cabinet faces with paint or hardware can be a quick-fix to a fresh look. Sinks and countertops can be an inexpensive change that makes a big impact as well. Realtors agree that updated kitchens and baths bring significant payoffs at resale time. When buyers walk into a dated kitchen, they begin to add that to the cost of the purchase which can bring down the asking price.
As a general rule when updating or remodeling a bathroom, look to spend about 12% of the home’s value on the cost of renovation. Bathrooms tend to yield a lesser return on investment than do kitchens, so keep this in mind. Though the bathroom remodel is not the highest return on investment, if you have only 1 it could prove to be a good choice for resale value.
Patio and Lanai Area
Adding a patio or covered lanai area and increasing usable outdoor space, it is a great way to add value to your home. We live in Florida after all, and we spend much of our time enjoying the sunshine. All liveable space increases value, and the outdoors is no exception. Talk with your contractor and perhaps a realtor regarding function and design for making the most out of this remodel.
Adding energy efficient products such as windows, appliances or insulation will not only add value to your home but also save you money on the interim. Consider the amount you will save versus the cost and determine your break-even point.
Here are some of the renovations that bring the greatest percentage return on investment:
Entry door replacement: 96.6 percent
Garage door replacement: 83.7 percent
Minor kitchen remodel: 82.7 percent
Here are some of the renovations that yield the smallest returns:
Home office remodel: 48.9 percent
Backup power generation: 67.5 percent
Master suite addition: 67.5 percent
No matter which project you choose to take on in order to increase your home’s value, consult with a contractor like Golden Construction to weigh your options and let us lend you our expertise. We are a state-certified general contractor with more than 2 decades experience!
Planning a Kitchen Remodel?
Are you getting tired of your old appliances and the outdated look of your kitchen? Is 2018 the year that you are ready to make a change? Why don’t you start with a great kitchen remodel? There are many advantages to remodeling your kitchen. It is a time-consuming process however the results are worth it. Before you start your project, keep these 6 steps in mind and your kitchen remodel will run smoothly.
Planning out the Design
Before you get into remodeling think about certain factors such as durability, efficiency, and current trends. The size of your kitchen doesn’t matter quite as much as formulating a plan before you start renovations. In a kitchen, it is all about functionality. Determine the things that you must have in your new kitchen from storage to types of countertops and appliances.
Contractor with a Designer or Designer Experience
You may think you have got it all covered but a professional kitchen designer can help you make the most of your space. An experienced designer will be able to give you ideas that you may not have thought about before for your kitchen project. Sure, many contractors have built or remodeled plenty of kitchens, but they are usually following a print. Hire a contractor with a designer or one they recommend.
Determine a budget prior to starting the job. This will help you choose materials and items along the way. Make sure that you don’t compromise on the quality of work. Sticking to a budget can be difficult but it is necessary to avoid monetary headaches later. Working with your contractor will help you determine if your budget is not only feasible but reasonable.
Cabinets and Countertops
The basis of your kitchen is the countertops and cabinets. This is what you will use the most. Be sure you look at all your options of materials and choose one that you will be able to enjoy for years to come. Think of wear and tear as well as function. Certain materials may be a better fit for how you and your family use the kitchen and how often.
There are multiple options for appliances and all budget types. There are also a variety of finishes including stainless steel and even refrigerator/dishwasher panels that can conceal them behind the cabinet door. Focus on the features that you must have to help you narrow down your choices.
Your kitchen will have a lot of heavy traffic. Make sure you pick a floor that is highly durable with low maintenance. Talk to your designer and contractor regarding certain types of tile or wood that work best for most types of kitchens.
When it comes time to plan your kitchen remodel call the experts at Golden Construction. Our years of remodeling and construction expertise will help you get the kitchen of your dreams.