Our Family of Companies

Bathroom, Kitchen, Basement Design & Remodeling Ideas for the Nicest Home or Business on the Block

Posts Tagged ‘home improvement’

5 Critical Facts to Get A Higher Return on Your Remodeling Dollars Now

Written by Mike Foti on . Posted in Bathroom Remodeling

5 critical facts to get higher returns on your remodeling based on the 2016 Cost to Value Study | Innovate Building Solutions

Do you struggle with where to start first when it comes to remodeling or fixing up your home? Does your home resemble The Money Pit from the 1986 movie with Tom Hanks and Shelly Long? If you were taking a multiple-choice quiz about what need to be done at your home would you click the box that says “all of the above?”

Knowing where to put your hard-earned remodeling dollars can be confusing. Is it best to fix the broken windows, doors or poorly insulated walls or do a major addition to gain more space? Do you get bigger returns from a kitchen or bathroom remodel? If you redesign and remodel your bathroom to “age in place” will this improvement hurt you when you go to sell your home?

It’s easy to come up with these questions – the answers, though, are not so obvious. So, this brings us back to the question where should you put your remodeling dollars to get the biggest bang for your buck (or conversely should you even give a hoot about return on investment?).

Every year an extensive research team puts together the Remodeling Cost/Value Study to dig into these questions and provide you and I with the answers. My goal in this article is to not bore you with stats. I say this even though I will confess to being a bit of a stats geek. I’m so strange I took 3 statistics courses while majoring in Business at Carnegie-Mellon University. You’ve got to be a bit touched to do that (ha! ha!).

In this article, I’m going to focus on 5 critical facts (which don’t require you to like statistics) so you can get the best return on your remodeling dollars. At the end of this article I’m going to share with you my IMHO (In My Humble Opinion) how I look at return on remodeling personally (my opinion as a financially conservative building material supplier and contractor may surprise you). Let’s check out these 5 critical facts.

Getting the most for your home improvement & remodeling spending – The 2011-2012 Cost to Value Report

Written by Mike Foti on . Posted in doors, Kitchen Remodeling, Windows

Vinyl replacement windows provide a good return on investment
Vinyl replacement windows provide a good return on investment

Everyone is looking for value these days for their hard earned dollars. There may be no place where this is as true as it is with money spent on residential real estate. With home value still declining (although at a slower rate) when homeowners do decide to spend money they are careful where they are allocating their remodeling budget.

 

If you’re looking for some guidance on the right type of remodeling projects to give you the biggest bang for your buck an excellent reference source is the 2011-2012 Cost to Value report. This report is done through a group of collaborative surveys done by Realtor Magazine (who gets estimated resale value data through sales agents, brokers & appraisers), Specspan (an on line marketing and research company which host the on line survey) and HomeTech Publishing (a developer and publisher of construction estimating books and software).  Here’s a recap of the conclusions, trends and some of the top home improvement & remodeling projects bases on their respective return on investments.

 

 

Deceptive Home Improvement Sales Practices – Don’t Be Victimized By “Tin Men”

Written by Mike Foti on . Posted in Basement Remodeling, Bathroom Remodeling, Exterior Remodeling, Glass Block, Kitchen Remodeling, Windows

Tin Men Movie about Deceptive Home Improvement Sales Practices
Tin Men Movie about Deceptive Home Improvement Sales in Aluminum Siding Industry in 1963
Vinyl replacement window industry has been target of deceptive sales practices
The vinyl replacement window industry was the first target of deceptive sales practices in Washington State

Remember the movie Tin Men with Danny Devito about high pressure sales tactic used in the 60’s selling customers door to door aluminum siding jobs? Although Danny Devito was hilarious in the movie getting pressured or deceived into making any type of purchase is not good.

Unfortunately if you think the days of the “Tin Men” (high pressure home improvement sales people) are over – think again. In Washington State Jack G. Zurlini Jr. (the Assistant Attorney General in the Consumer Protection Division) is taking action against multiple home improvement companies selling vinyl replacement windows for unlawful marketing and sales practices (and the practices mentioned are not confined to the state of Washington). Here’s 3 questions to help educate and protect you against making a bad choice in contractors:

Remodeling Trends 2010 & 2011 – How to get the biggest bang for your buck

Written by Mike Foti on . Posted in Basement Remodeling, Bathroom Remodeling, Exterior Remodeling, Kitchen Remodeling, Windows

Basement Remodeling to add cost effective living space
Basement Remodeling Adds Cost Effective Living Space vs. a Room Addition
Steel Entry Door for curb appeal and high cost/value relationship
Steel Entry Doors Add Curb Appeal and Provide a Great Value vs. Cost

Maybe at no time in recent history is it more important than now to spend your money wisely. We’re just pulling out of a recession (at a slower pace than most would like), housing and resale prices are still depressed, and unemployment is coming down (very slowly).

So – if you’re in a home that’s in desperate need of several home improvement projects where should you begin to get the most return for money spent? Is there some type of statistical guide to help you prioritize remodeling projects based on the market value they will add to your home? Fortunately the answer is yes!

Every year the remodeling industry with the assistance of Realtor magazine, the National Association of Realtors, Specpan (an on line market research company) and HomeTech Information Systems (an estimating software developer) team up to complete the Cost to Value Report. Here’s a quick recap of the findings:  

Join Our Newsletter to Receive a Free Remodeling eGuide

Get the Free Remodeling eGuide
© Innovate Building Solutions | All Rights Reserved | Log In