Tag Archives: remodeling

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.

Common Remodeling Projects

When consumers remodel their home, they consistently focus on a couple key areas.

Those home owners, according to home remodelers, spend money on upgrading:

  • 81% focus on redoing the bathroom
  • 79% spend money and time on refreshing the kitchen

Room additions and whole house remodeling projects are two other focuses, but only about 47 – 49% of home owners work on those.

WhattheRemodelReveals

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Remodeling in California

To get their dream home, many California homeowners still have work to do after they close escrow.

California is the third state most likely to do a home renovation project. For homeowners in our state, a full remodel after purchasing a house is fairly commonplace.

For those remodeling, the average cost of a full-home renovation is $263,384, probably due in large part because 93% of homeowners enlist (and pay for) professional help. But, as you might assume, fully renovating your house adds value; the average home value after a full-scale remodel is $725,000.

Have you done a full house renovation?

Homeowners renovating your home

This infographic is from the CALIFORNIA ASSOCIATION OF REALTORS at CAR.org.

Is it Worth it to do a Remodel?

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

Value of a remodel infographic

 

Homeowners Taking on Home Improvement Projects

1 out of 5 new homeowners did a remodeling project last year

Making your new house your own home is one of the perks of becoming a homeowner. And during the past year, 20% of new homeowners did just that: took on home improvement projects for their new homes.

During the past year, new homeowners spent a hefty $18 billion on home improvement projects Continue reading

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.

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

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!