To Remodel, or Not To Remodel…That is the question every homeowner instantly thinks when they purchase their first fixer upper, or is thinking about increasing the value of their home before putting it on the market. Let’s take a look at some stats shall we:
“Kitchen remodeling is among the most popular renovation projects. On average, homeowners spent $19,100 on their kitchen renovation project. … Homeowners remodel upwards of 10.2 million kitchens each year and 14.2 million bathrooms, according the U.S. Kitchen + Bath Market Size Study by the National Kitchen & Bath Association.”
“In general, homeowners spend from $12,594 to $33,118 on kitchen remodeling, at an average of $21,751, according to HomeAdvisor. It may be possible to complete a small job for as little as $4,000, while lavish projects can run more than $50,000.The materials for the average small bathroom remodel will cost between $8,000 and $10,000. This includes new fixtures like a new toilet, new sink, and a new bathtub. It also includes the cost of new tiling, new cupboards, and a countertop for the sink. The national average cost to remodel a bathroom ranges from $12,500 to $15,000depending on the size and extent of the project.”
And you know in California, we do everything lavish and no expense. So, what does that mean for a homeowner as far as a return on his, or her investment. Well…. That depends. You want the designers perspective, or do you want the realtors perspective? Here we go.
Does remodeling add value to a property? The answer is maybe.
“More homeowners may be remodeling, but those who do high-end projects are seeing less value in those remodels — that is, the expensive upgrades and additions are paying back less in the resale value of homes, according to an annual cost versus value report from Remodeling magazine.”
You know why that is? Because no one give two $@&%* that you put Carrera marble as your counter top, or a La Cornue’s Grand Palais as your range unless you’re Chef Robert Irvine! Now, can it increase the value of your property if you do it right? We believe so, and that’s where we come in. Our theory is with a designers perspective you can not only get value in your return, but also reap the benefits of working with a team like ours! What most clients do see is the value in services you provide because there is a cost attached. Of course there is people… its called BUSINESS!
And by benefits I mean that we are able to save our clients a substantial amount of both time, money, and headache. So, what if there’s a cost attached to our services? Even with our cost every client ends up winning because they SAVE MONEY. It might sound strange that hiring someone to decorate your home would save you money since you have the additional fee of the designer, but its true. Think of all the times you tried to cut corners here and there to save yourself a buck, or two. Didn’t you end up spending another twenty to fix everything (*insert laugh here*). On top of that we have a wide availability to resources, we possess the industry knowledge, and we take the design from vision to completion by executing the right way.
For more information on this topic, more insight to remodeling, or general questions please free to contact us at firstname.lastname@example.org. We would love to help! Til next time…
One love, Denise