There is a saying often coined on home remodeling tv shows like HGTV’s Fixer Upper– “buy the cheapest house in the best neighborhood.” The reasoning for this is simple and proven time and time again. The cheapest house in a desirable neighborhood has the largest opportunity for growth or “expansion potential”. Simply put, the remodeling investment made in homes that fall into this category tend to see the greatest ROI and resell faster when the time comes!
Maximizing Your Home’s ROI
Even if you are not on the hunt for a fixer-upper, spending the right amount on a remodel can be the difference between a highly sought-after home when on the market, and a home that is overpriced for the neighborhood. You tend to see the best return on a medium remodel project that will in turn appeal to the widest range of potential buyers in the future. You might have heard hard and fast numbers like $10,000 remodel for a bathroom and $25,000 for the kitchen. However, these numbers are meaningless if the value of the home is not taken into consideration. To account for this, the best method is to consider your remodeling budget as a percentage of the cost of your home overall.
As an example, let’s imagine you are considering your kitchen. Should you remove the countertops, cabinets, and floors and completely remodel? Is anything salvageable? What should you spend? One website uses the following as a detailed example.
“Let’s say you bought the house for $1,000,000. It has three bedrooms, two bathrooms, 1,800 square feet of living space, and a 5,000 square foot lot. A property’s value is made up of land value and building value. In your case, the split is 50/50. If you include the kitchen, living room, and laundry room, the house has a total of eight rooms. The value of each room is therefore around $62,500 ($500,000 building value divided by 8 rooms). You can consider $62,500 as the max you would ever spend doing anything to a room.” (Financial Samurai)
While this is useful information, not all rooms are equally worthy of the investment. Generally, the kitchen is the first place people look to remodel, and this is because there are costly appliances, plumbing, and materials used within this space. Further, many home buyers regard a remodeled kitchen as the #1 must-have when on the market for a home. The master and guest bathroom in addition to the master bedroom are other rooms that rank highly on the list of home buyers when deciding which house they will purchase.
It is also worth mentioning that the kitchen and bathrooms do generally cost the most to remodel and other rooms like family rooms and bedrooms can appeal widely to buyers simply with a fresh coat of paint, updated flooring, and light fixtures! Be sure to consider, as mentioned, the percentages involved in your remodel to ensure your remodeling projects best align with the value of your home.
How Rossi Construction Can Help
We have years of experience in construction, from crafting blueprints, sourcing quality materials to helping establish budgets to maximize the resell value of your home. Reach out to us today to learn more about what we can do for you and your home!
It’s no secret that your kitchen is a fantastic choice when deciding where to upgrade your home. From a mini-make over to a full-scale revamp, not only does a kitchen remodel improve you and your families lives, but your resale value will dramatically increase. But where to start when planning and designing your kitchen renovation? We are here to help. Since 2000, we at Rossi construction have been helping folks throughout the Tampa Bay area create the kitchen of their dreams – and we have learned a few things along the way. Here are the top 5 things to consider before taking on the exciting endeavor of renovating your kitchen.
What is Your Budget?
A common first consideration when taking on a large home improvement project. It is easy to start out with good intentions, but there are commonly overlooked considerations that come into play drafting your expense list. The first step to ensuring you stay within your budget begins with planning your renovation. The surest way to spend more than is necessary is to make changes after construction and remodeling gets underway. This in one reason why is it considered best practice to consult with and professional, because we can ensure all aspects of the remodel are detailed and priced out beforehand.
Secondly, another common expense is unforeseen structural or electrical damage that requires upgrades to complete the renovation. Our team of professionals can help you budget for the unexpected and help with a pre-renovation inspection to determine the likelihood of these sorts of challenges.
Finally, consider the overall value of your home. A kitchen remodel is considered the best investment when it comes to reselling your home. A recent study found that an average $15,000 renovation saw a return value of roughly 93%. Further, a kitchen generally accounts for 10-15% of a home’s value. With this information in mind, you should seek to prioritize what changes will have the largest impact on the space and maintain or even increase the value of your home.
Establish Your Splurge-Worthy Investments
Have you been eyeing that side-by-side refrigerator? Or envision marble countertops in your upgraded kitchen? Start researching the big-ticket expenses for your remodel and look into customer reviews. This will help you get a feel for not only the quality of top items on your list, but the price. Pricing out appliances is another area where having an experienced professional on hand can be helpful. From evaluating energy costs to planning out how the space will look cohesively, we can help keep with in your budget while still building out the kitchen to your specifications.
Do You Know Who You Are Hiring?
As mentioned, your contractor will play a huge role in ensuring you stay with in your budget and that your kitchen vision is realized. For this reason, is it essential that you are hiring someone who clearly understands your hopes for your remodel. From ensuring your contractor is insured to establishing a realistic and feasible budget and creating a workable timeline the right contractor can make all the difference. Finally, check out their previous work. What better way to determine if a contractor is a good fit than letting their work speak for itself? From residential, to commercial, we at Rossi construction have designed, managed and built out kitchen renovations in the Tampa Bay area of all kinds.
Let’s Get Your Kitchen Renovation Plans Underway
To learn more about how we can help you begin your kitchen or home remodel, feel free to contact us for more information about our services. If you are searching for some renovation inspiration, have a look at few of our previous projects. We look forward to working with you and turning your kitchen into one you’ll never want to leave!
How does an American senior plan for aging? Many choose to live alone, or “age in place” which has far reaching benefits for the individual and family. Did you know that 87 percent of Americans age 65 and older want to stay in their current home and community as they age? There are reasons why American seniors are choosing to age in place and not all of them emotional. The aging population now has more financial resources and better health due to improvements in medical health care and healthy living compared to previous generations. This favorable financial situation allows more flexible options for a secure retirement than ever before. Here are a few suggestions on how to prepare the home for aging in place.
Falling is a concern for the elderly therefore homes equipped for aging in place have slip-resistant surfaces, especially in wet areas of the house like the bathroom. Handrails and grab bars in the shower are a smart addition to prevent accidents. An accessible roll in shower with multiple shower heads is a good investment. Also, the bathroom sink should be lowered to ensure there’s proper knee clearance.
Other helpful fixes include eliminating steps in the all the entryways to offer convenience to guests of all ages. According to studies, only 1% of homes are ready for aging in place, those are open concept, one level floor plans that are best for seniors. The kitchen where homeowners spend the most renovation money should have an open design and varied counter heights for accessibility. Some seniors install pullout shelves and open shelving for convenience of storage.
Aging in place is a practice that is becoming more common for American seniors. A home that is well prepared and equipped for an aging homeowner will ensure the comfort and safety of the senior for years.
They say home is where the heart is — but what if you’re not so proud of your home these days?
It’s nothing to be ashamed of. Home remodeling is a common industry, generation approximately $45 billion in the United States alone.
If you are on the fence about embarking on a home renovation project, here are five reasons why you should take the plunge:
Reason No. 1: Increase Your Home’s Real Estate Value
Whether you’re thinking about kitchen remodeling and design or complete construction on the exterior of your home, home renovation is a great way to up the real estate value of any property. Steel front doors, for example, have the potential of bringing in a long term return of investment 97.2%. In a recent Cost Vs. Value report in Realtor Mag it was similarly reported that converting your attic into a bedroom space boasts a 84.3% return of investment.
Reason No. 2: Increase Energy Efficiency
The best home remodeling projects have four similar qualities: they’re low maintenance, cost effective, excellent quality, and most importantly, energy efficient. Remodeling construction provides homeowners with an opportunity to update their home’s appliances, heating and cooling systems, and weatherization practices. For example, by adding insulating windows and doors to your home, it’s possible to significantly decrease your monthly utility bills.
Reason No. 3: Why Buy When You Can Remodel?
When a home feels out of date, many homeowners look to moving for a change of scenery and an increase in comfort and convenience. But why go through the stress of selling your home and buying a new one when you can just remodel the home you already have? Not all remodeling jobs have to be expensive; whether it’s a DIY project or via a residential renovation contractor, even the smallest of home renovation projects can increase one’s quality of life and enhance the aesthetics of any living space.
Reason No. 4: Flex Your Creative Muscle
Home renovation and construction provides homeowners with an opportunity to make their design dreams come to life. Not everyone is a designer at heart, but with the help of a resident contractor, it’s possible to bring anyone’s renovation dreams to fruition.
Reason No. 5: Feel Proud of Your Home
A beautiful, newly renovated home is not only comfortable, but a source of pride to any homeowner. Host parties with pride and bask in the compliments that your friends and family shower you with. Even better, home renovation enables spaces like the kitchen to become more welcoming family spaces, creating even more memories for the future.
Home renovation tips are fairly easy to come by with a simple search. However, those can often be generic suggestions, rather than unique and helpful pointers. Chances are, if you’re doing any kind of remodeling construction, you’re going to want to know things like how you should choose a home remodeling service, or how you can tell if something has quality design and construction. For tips on these, read on!
Choosing the right residential renovation contractor.
Different companies boast different talents. While one business may be a general contracting company, they may be especially good at one particular service. Maybe the person they have employed for kitchen remodels is amazing at what they do, and that’s exactly what you need. Check their website and ask around before you make any concrete decisions. Bathroom remodels are the most popular among homeowners, making up 78% of renovations. That make sense, considering the return on investment (ROI) for that type of remodel is 63.6%. This means that many contractors are likely qualified. If this is your choice of remodel, and you can focus more on our next tip.
Does this company utilize quality design and construction?
Unfortunately, some companies follow a business plan that values quantity over quality. Beware of these types of contractors! They may be cheaper and faster, but it will show in their work. Chip in the few extra dollars so that you can take pride in your new room or update, and avoid the frustration of incompetent workers. Check on their portfolio, and ask about the products and tools they use. As long as you do some digging around, you’ll be fine!
What type of renovation are you doing? Can it be done on your own?
Many times, someone’s first instinct is to call someone for help, rather than attempt the project on their own. Obviously if you’re remodeling your entire kitchen, or transforming your basement or attic (which has an ROI of 84.3%), you need to hire a contractor. But if it’s something smaller, like repainting a room, or installing new fixtures, you can probably find step by step directions online. Just keep in mind that what may take a contractor 20 hours, could easily take you 60 — and that’s a lot of Saturdays.
How do you find home renovation tips? Were these helpful? Give us your advice and thoughts in the comments!
When beginning the remodel of any home, it is important to discuss your goals with local home renovation service providers. Whether you are replacing your kitchen cabinets, installing a master bathroom, or finishing a basement, you should be sure to prepare for the renovation with a list of your family’s wants and needs as they pertain to the renovation.
In a recent survey, the most requested home remodeling service was bathroom remodeling, accounting for 78% of all projects. With an average 63.6% return on investment, bathroom remodeling is a logical home improvement choice. Many homeowners choose to expand their bathrooms, adding large, luxurious tubs and flattering lighting.
While bathrooms are always a popular remodeling choice, residential renovation contractors state that kitchens are a close second, especially for historic home renovations. Updating appliances and cabinet face lifts are an easy way to give a kitchen a whole new appearance and help homeowners cook and bake more efficiently. The 2012 Remodeling Market Index found that 69% of all home improvement projects could be accounted for by kitchen remodeling and design.
If kitchens and bathrooms aren’t your ideal home renovation services, don’t worry. There are many other ways to customize a home to your specifications. Basements and attics can be finished to add extra recreation, storage, or living space without building another room. Even new flooring or the simple addition of a fireplace or updated windows can dramatically change the appearance of a room. If you prefer exterior renovations, consider adding vinyl siding, a new porch, or investing in landscaping to improve your home’s curb appeal.
While no two home renovations are alike, consider sitting down with family members and looking at home decor magazines and websites to get an idea of what you like and dislike. Once you know what type of renovations you like, it is time to speak with a contractor and get started on building the home of your dreams.
Surprisingly, repairs and property damage fixes make up a large chunk of home remodeling services (36%!). Even so, an even greater number of Americans are infusing homes with new designs, decor, and furniture to work toward creating a better home. Although homeowners’ ultimate “vision” or design goals vary a great deal, 98% agree that they haven’t achieved them yet. Fifty-four percent of homeowners optimistically concede that they are “half-way there,” according to a 2014 Houzz survey. So what’s on the horizon? What new trends can help homeowners on their way to complete interior design?
Food Isn’t The Only Thing That’s Locally Sourced
Whether you are remodeling the bathroom (the top home improvement project requested by 78% of homeowners), otherwise tweaking your master bathroom design, or making over the attic and transforming it into a new bedroom (a project with a shockingly impressive ROI of 84.3%), one thing is certain: If you can use locally sourced wood and materials for modern furniture, you are one step ahead of the game. Environmentally-conscious consumers are not stopping at locally sourced foods from the grocery store and restaurants with food-to-table models; in fact, many prefer furniture crafted by local businesses from local timber or lumber stores.
A Penchant For The Bizarre
One of the many perks of remodeling your home — especially if you have a sizable budget — is doing whatever you want. And more homeowners are embracing that trend. More consumers are going out of their way to make home improvements, or even just to add touches, that are completely and uniquely their own. Loft bookcases, “sunken” or floor-level baths, glass floors, and textured ceilings are just a few of the extraordinary changes homeowners are making to start conversations or make a statement. Ask home remodeling services about your options — or run a few ideas you have by them.
Whether you are working with home renovation services, a residential renovation contractor, or quality design and construction companies, you can finally achieve the perfect vision of your home. And more people are doing it by opting for locally sourced furniture or adding at least one feature that is markedly different — and something you are unlikely to see anywhere else.
Home remodeling is an enormous industry, generating approximately $47 billion in revenue in the United States. Almost every homeowner has commenced a home improvement project of some type at one point in their home owning experience. No matter what type of project a homeowner is considering, every good project has four things in common. The improvement should be energy efficient, reasonably priced, low maintenance, and of high quality. When a home improvement is voluntary, it can be difficult to decide what to remodel first. Here are some home remodeling tips to help you make the most of your project.
The most popular home improvement project is to remodel the bathroom, accounting for 78% of all home renovation requests. Installing a new master bathroom design can be exciting, and, if your bathroom is small, a renovation can help it feel and appear larger. Installing a large mirror and improving the lighting are quick fixes to help open up a small bathroom. Adding towel racks or hooks to the wall increases storage without taking up precious floor space.
Kitchen remodeling and design are also very popular ways to bring new life to an old house. An interior remodeling contractor can work with the homeowner to find a new, efficient layout that fits their needs. Other kitchen remodeling options can be done by the homeowners themselves, such as painting the cabinets a fun color or installing a new backsplash.
Other home remodeling tips are less specific to a room, and can be incorporated anywhere in the home. Installing new electrical outlets in convenient places is always a good idea. Finishing a basement or attic to convert it into usable space is less expensive than adding all new rooms, and can improve the resale value of a home.
When remodeling a home, the most important thing to do is to make sure you are getting quality design and construction for whatever your project is. Using high-quality materials and hiring a contractor with good attention to detail will make sure you get the most benefit for your money. A home remodel should be fun and exciting, not stressful, so make sure you communicate clearly with your contractor to avoid unpleasant surprises.
Many people think of remodeling a kitchen as a big hassle, but if you’re smart about it, the process can be quite fun and painless. The best general advice for a Tampa kitchen remodel is this—make a plan and then plan some more. When it comes to your home and your money, you can never think about the process too much, and even after you’ve made up your mind don’t forget to expect the unexpected! Here are just a few of the many things you’ll need to think about when planning your own kitchen remodeling project.
You may have a plan for your dream kitchen but does it address the real-world needs you’ll be facing? You might think you want tons of counter space and perhaps even an island, but if you know you won’t be doing a lot of cooking, then much of that space is going to be wasted when it could have been allocated for something more useful. Conversely, if you’re remodeling on a budget and don’t want to spend lots of money on counter space but you’re also an avid cook you might regret that lack of space when all is said and done.
Measure Your Appliances
There’s nothing more heartbreaking than completing a kitchen remodel only to find that your large appliances don’t fit in the space you’ve allotted them. Before you sketch even one blueprint, always make sure you know the exact measurements for things like your stove, refrigerator, and dishwasher.
Don’t Neglect Your Lighting
Lights are a small part of a room but they make a big impact. When it comes to the kitchen, being practical is always best. Make sure you have enough fixtures to successfully illuminate the whole room. Modern fluorescent lighting is a great choice for the kitchen because it makes reading recipes and ingredient lists a breeze.
Mind Your Corners
When it comes to drawers and cabinets, corners can be a nightmare. It will take some planning, but make sure that all your doors won’t be banging into one another. This is a loud, impractical nuisance that can really scuff up a paint job if you’re not careful.
References:  http://www.bhg.com/kitchen/remodeling/planning/kitchen-remodeling/  http://www.houselogic.com/home-advice/kitchens/tips-for-kitchen-remodeling/#.
PRLog (Press Release) – Feb. 16, 2013 – Rossi Construction, Inc. announced that the Tampa Florida Construction company would be launching a blog covering all topics associated with residential construction and remodeling. The blog is intended to provide homeowners in the Tampa Bay area with a credible resource for learning the ins and outs of what it takes to secure a high quality craftsman.
The first article covered by the new Rossi Construction, Inc. blog reviews the topic of what to ask when hiring a Tampa general contractor. The article peels away the layers of the construction project, forcing the homeowners to step away from anything associated with the “thrill” of a remodel and really look at who they are trusting with the project. The experts from Rossi Construction, Inc. provide homeowners with a helpful list of “must answer” questions that every homeowner should employ when talking to a general contractor.
The full article can be found here!