A garage is a desirable feature for many home buyers. If a home does not have a garage, adding a garage may increase the value in certain circumstances. When it comes to resale, having a garage will slightly increase the price but will have a greater impact on the ease of selling the home.
The addition of a garage:
If a home does not have a garage, but is located in a residential area where garages are the standard, then the addition of a garage will add to the overall value of the home. It will also help you sell the property faster than would be expected, but the total recoup on the investment will be roughly sixty percent of the cost of the basic garage addition.
Buying a home that has a garage:
Having a garage increases the overall value of a home, but the total increase will depend on the neighborhood and surrounding standards. If the home is in a residential area with limited street parking, a garage can increase value by up to $10,000. Realtors indicate that the benefits outweigh the negatives, as a home without a garage is hard to sell regardless of the price.
If you are adding a garage, consider making part of it into living space:
In some cases, it also pays to consider making a portion of a new garage into a living space. Think of it in terms of purchasing a small home, one that lacks an amenity like a second bathroom or a third bedroom, and using a garage to give you the missing space. Converting to a garage space can help sell a home by adding to the square footage, but it is always best to consult professionals from Rossi Construction, Inc.
If you are preparing to add a garage to your Tampa home, call Rossi Construction, Inc. at 813-436-0177.
PRLog (Press Release) – Apr. 9, 2013 – Rossi Construction, Inc. launched an alert initiative to Tampa home owners over the weekend, discussing ways to make Tampa homes more valuable in an often volatile real estate market. The simple tips and tricks are intended to provide Tampa home owners a way to increase market value, all the while building personal enjoyment of the home.
Rossi Construction, Inc. explained that Tampa home owners should first give some thought to the idea of creating a Tampa kitchen remodeling plan. The specialists at Rossi Construction, Inc. elaborated that kitchen remodels are one of the best ways to increase overall home value. Adding modern appliances, and giving cabinets a new face, is an investment that will provide a big return.
In addition to a Tampa kitchen remodeling project, the construction specialists suggested; adding a garage if the house is without a garage; remodeling a Tampa bathroom or a combination of any two projects to add the most “bang for the buck.”
Other suggestions by Rossi Construction, Inc. included the installation of granite countertops and making that curb appeal “pop.”
Rossi Construction, Inc. is a general contractor located in Tampa Florida. Rossi Construction specializes in residential and commercial construction. Rossi has been building excellence by design since 1979. Rossi Construction, Inc. can be found online by visiting http://www.jrossiconstruction.com.
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If you have the funds available for the average $38,000.00 mid-range Tampa bathroom addition, it can be a sound investment for your home but it will only recoup about fifty-four percent of the investment at resale. That being said, there are intangibles like style; comfort and convenience that the addition of another bathroom to your home will add to your life.
There are some vital considerations you must make before you decide that a Tampa bathroom addition is right, especially if you will be selling the house in the near future.
Adding Value to the Home
The good news is that Tampa home buyers love additional bathrooms. A Tampa bathroom addition almost never goes wrong, and it is rare that a real estate agent hears a buyer say “this is just too much bathroom space for me to handle.”
If you are looking to recoup the expense through resale of the Tampa home, or improve your prospects of selling, you will want to do your homework very carefully. This means that if you have an older home that would sell for $200,00.00 on a good day, spending $35,00.00 to build a bathroom from the ground up will not raise the value of your home to $235,000.00. You will just have a lovely new bathroom in a $200,000.00 Tampa home.
The general rule of thumb is that you should consider the Tampa bathroom addition only if you plan on staying in your home at least five years.
How Do I Evaluate Possible Return on Investment?
Tampa home buyers tend to prefer that a home have roughly the same number of bathrooms and bedrooms. Any Tampa bathroom addition that brings the number of bathrooms in line with the total number of bedrooms is likely to equate to a bigger return on investment.
The most valuable Tampa bathroom addition you can make is when you start with only one bath in the house; a second bath makes a good impression on buyers and can be the difference between selling a house and having it sit on the market.
Another important area of balance is showers to bathtubs. For maximum resale potential, you should have one of each in your Tampa home. A Tampa bathroom addition that gives you the shower or bathtub that you are missing is a smart choice.
Understanding the implications to the value of your home is important and can keep you from making costly mistakes. Be sure to return for our follow-up article discussing additional ideas associated with Tampa bath projects.
Do you ever find yourself weighing the pros and cons of concrete countertops in your precious spare time? Do you consider the finer points of walnut cabinetry? Then you must have a Tampa kitchen remodeling project on the top of your mind.
It turns out that you are not alone in your Tampa kitchen remodeling fever. According to information gathered in a National Organization of Home Builders survey, kitchen remodeling projects are up seventeen-percent from the numbers provided by a 2010 survey.
Before you get the tools out, or head to the hardware store, you need to consider what type of Tampa kitchen remodeling project is best for your finances; best for your family and best for the future of your household.
Improvements can be classified into two categories, the first of which will add actual verifiable monetary value to the house. The second category makes the house more appealing to buyers, and a great example would be adding high-end countertops that make an impact on buyers but do not add to overall usable space in the kitchen.
This makes you wonder “what” makes the right recipe for a Tampa kitchen remodeling project. Take a look at this article, as well as our follow-up article for some hot Tampa kitchen remodeling trends that mix appeal and value. If you find the mix that is right for you, Rossi Construction, Inc. can help build a kitchen that is a dream to use!
Project One: Cabinet Replacement of Refacing in your Tampa Kitchen Remodeling Project!
If you are not sure where to begin with your kitchen remodel, the cabinets are a great place to focus your initial attention. Why? The cabinets may feel like they are just a “box,” but they are actually a major focal point for a potential buyer for your house.
Cabinetry costs can range for around $7,500.00 to $45,000.00, depending upon style; manufacturer and materials. This investment means that you will want to carefully consider your options when you are planning your Tampa kitchen remodeling project. You can go for top of the line cabinets, you can go mid-line with higher end features that home buyers are looking for or you can make the project one of refacing solid cabinets to upgrade the look but maintain a budget.
No matter which choice you make for your cabinets, you will want to hire a contractor to properly make any and all upgrades. A contractor will be able to ensure that all hardware is properly installed, all cabinets are aligned and that your Tampa kitchen remodeling project is on track.
Check our follow-up article regarding additional Tampa kitchen remodeling projects that can and will add value to your house. Please remember that we are available for any questions that you may have regarding your Tampa kitchen remodeling projects.
As house values continue to be unstable across much of the Tampa Bay area and loans continue to be hard to get, homeowners are finding themselves with fewer easy options for huge remodels. Homeowners are going after the projects that cost less at the beginning, capture practical savings or they do both and they hold their value if the homeowner sells in the future.
Rather than a massive kitchen or bath upgrade, the kind that see entire floor plans reworked, many homeowners are choosing to order modest improvements that build the long-term value of the home. Great examples include boosting the energy conservation with new appliances, and allowing the owners to quickly settle back into their Tampa home.
Two examples of recession proof projects that Tampa homeowners can consider include:
A kitchen remodel that makes sense:
If you are one of the people traveling the aisles of Ikea, lusting after a beautiful new kitchen, take heart because you can remodel that kitchen at a price that will not mortgage your future. To trim costs, you will want to work with a general contractor to work on projects that involve cosmetic improvements like replacing the faces and hardware on existing cabinets. Keeping existing cabinets will save you around 25% of the total cost of a kitchen remodel, while still giving you the immediate enjoyment of visible changes. The savings can become significantly greater if you remain within the existing footprint of your kitchen, making the changes much more of a “facelift.”
Scaling back a kitchen remodel can ultimately earn a Tampa homeowner back up to 80% of an investment, while still providing immediate practical payback.
A bathroom remodel that does not take months:
The Tampa bathroom can be much the same as a scaled-back Tampa kitchen remodel, with cabinets being kept and both refaced and provided new hardware. Counters can be topped with inexpensive stone, a new toilet can be installed, a new tile floor put in place and a fresh coat of paint can put a semi-gutted bathroom project on a good timeline and a fantastic budget.
Always remember that Rossi Construction, Inc. is available for your home remodeling projects, both large and of a smaller nature. Our expertise can add value to your house for decades.