Thursday, April 9, 2009

Average ROI for Renovation Projects

Renovation Average Cost Resale Recovery
Paint $700 200% plus
Add a Bathroom $10,000 96%
Add a Fireplace $4,000 94%
Kitchen Renovation (minor) $8,500 79%
Kitchen Renovation (major) $24,000 70%
Bathroom Renovation $7,500 69%
Add a Skylight $4,000 68%
New Siding $7,500 67%
Add Insulation $1,750 65%
Addition $35,000 62%
New Roof $4,600 61%
Deck $6,000 60%
Greenhouse Addition $17,000 56%
Replace Windows /Doors $12,000 55%
Add a Swimming Pool $24,000 39%
Source: National Association of the Remodeling Industry

Wednesday, April 1, 2009

How to Walk a Lot


When you first drive up to a potential homesite, there is a mixture of emotions. There can be apprehension and excitement about the possibility of you or your family living there. I wanted to give you a few tips to help you make a good decision:
  1. Try to get a topography survey of the lot before hand. This will give you the slope of the lot. Generally you want the flattest lot you can get because it's easier on the pocket book.
  2. Try to understand the deed restrictions. This will help you get a feel of what kind of architecture will be in the neighborhood and can impact your resale value.
  3. Walk the lot perimeter first. An old land pro taught me that and I still do that to this day. Start on the left-hand side and walk the entire perimeter. It really helps you get a feel for the flow of the lot and it's important to know boundaries.
  4. Understand the setbacks. This will help you realize potential home positioning, driveway areas, etc.
  5. Look at the trees. People LOVE trees and you need to make sure you have some nice ones if possible. You can always plant them but we plan around them all the time.
  6. Envison your front and backyards. You want to make sure that there is ample space for your outdoor enjoyment.
  7. Know your comparables. Make sure you have recent sales data to determine if you are getting a good deal.

Monday, March 16, 2009

Tips on Building Custom Cabinets for Your Home

Before we begin building cabinets, we always like to invite our customers to walk through the home with our cabinet maker.  This is usually done when a home is in the frame stage.  We either do this walk at the house physically with plans in hand or at our office with a set of plans spread out on the table.  It's such a great exercise because the architects will normally draw-in what they feel is best, but it may not necessarily work for the client's lifestyle.  Here are some things we look for:
  1. Stain vs. paint grade cabinets?
  2. Type of material of cabinets?
  3. Do the appliances drawn by the architect match what the customer wants?
  4. Does the cabinet depth and height flow well?
  5. What's behind the cabinets?, ie cookie sheet dividers/trash cans/etc.
  6. Do all the drawers and doors represent good functionality?
  7. Where are your televisions and stereo equipment going to go?
  8. Where is the computer tower/printer going to go?
I could go on and on but if you really want to save time and future aggravation, invest the time to do a good walk through and think about some of these things.  A good cabinet maker will inform you about the various options, guide you through the process and give you some good things to think about.