Tag Archives: remodel

Money Monday: Common Home Buying Expenses

When home buyers purchase real estate, they often don’t factor in other expenses that they may incur.

Your new home is certainly a large expense, but have you considered the other purchases that may go hand-in-hand with that home’s cost?

Common home buying expenses for real estate buyers

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS, available here.

Projects with the Best Returns in 2017

Resale ROI

House projects have varying degrees of return; here are the top five projects with the greatest ROI, and the top five with the least ROI:

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS.

Is it Worth it to do a Remodel?

It’s once again popular to tackle those large remodeling projects.

Value of a remodel infographic

 

Top 10 Most Cost-Effective Remodeling Projects

Remodeling projects with the most bang for your buck

fixer upperIf you are thinking of selling your home, you may want to consider doing a remodeling project to bring in buyer interest and garner top dollar for your home sell. But what should you remodel, especially when thinking out getting the most return on your investment?

Thankfully, the CALIFORNIA ASSOCIATION OF REALTORS has complied a quick cheat-sheet for you, based on information provided by the Cost vs. Value Report 2013 by NAR and Remodeling magazine.

In order of the most cost recouped percentage-wise, here are the top 10 most cost-effective remodeling projects:

  1. Steel entry door replacement
  2. Wood deck addition
  3. Garage door replacement
  4. Minor kitchen remodel
  5. Wood window replacement
  6. Vinyl siding replacement
  7. Attic bedroom
  8. Vinyl window replacement
  9. Basement remodel
  10. Major kitchen remodel

remodeling projects car.org

Infographic from the CALIFORNIA ASSOCIATION OF REALTORS; source: Cost vs. Value Report 2013 by NAR and Remodeling magazine.

Changing Homes into Accessible Housing

By 2030 one out of every five people in the U.S. will be 65-plus. With baby boomers retiring and becoming older, will older homeowners have to purchase specifically designed accessible homes? Thankfully not!

Increasing numbers of professional remodelers are changing up existing homes of older residents to accommodate accessibility needs. Universal features like walk-in showers and exterior ramps can be incorporated into many houses.

It often makes sense to remodel older residents’ current homes so that they are able to age comfortably without needing to move. Main floor master bedroom additions are wise changes; they can be used as a master suite from the get-go, or as guest quarters until needed by the homeowners. Ramps can be blended into the architecture and landscaping, and then they can accommodate a wheelchair or walker in the future. Wide doorways, no steps into the home, easy-to-open windows, lower counters, and so many other remodeling changes will make your home appealing and livable for a wide age- and accessibility-range of buyers and homeowners.

AARP has a free booklet entitled “The Do-Able Renewable Home” at www.universaldesign.com.

Clean Home, Increased Interest

Have you considered converting to green in your home?

go greenGreen Energy is hot right now and it got me thinking about the of converting to green in our existing homes. Being able to list your house as a ‘green’ home must still be a novelty these days. One reason is that it can be expensive to switch to green, but there are reasonable contributions that the average family can easily make toward green living. Continue reading

Tips for Trimming Remodeling Costs

fixer upperWhen it comes to home improvement it is easy to think big. As you look into your yard you can already envision the perfectly manicured lawn, breathtaking landscaping, renovated patio area, and a new outside BBQ area. However, when you look at the budget you have to work with your vision starts to slowly fade away and you begin to concentrate on more realistic goals.

How is it possibly for you to create that dream home on a tight budget? In many cases you are going to need to make some small sacrifices in square footage, quality, and special features. The following tips should provide you with plenty of ideas on how you keep your home improvement budget on track without compromising results: Continue reading

Choosing the Right Contractor

fixer upperRemodeling your home is bound to be a very stressful time for all the parties involved. Choosing the right contractor is sure to make the process smoother and your life easier. The following six tips I have learned over the years should start you in the right direction:

  1. Determine who is going to be responsible for retrieving the necessary permits and make sure your contractor follows the construction codes.
  2. Include written warranties. Make sure to note the name, address, and time period that pertain to the warranty.
  3. Do not hire anyone without a written estimate, contract, contractor’s number, and a list of local references…

Read my other 3 tips on my website, www.JohnASilva.com — and please let me know if I can help with any of your real estate needs!