Reno-Tips Archives

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PLANNING A REMODEL?

Interested in learning which home upgrades score big with buyers?

Find out the results from the 2016 survey that tells us about today’s housing market.

For the latest information on the value of remodeling, check out the
2016 Remodeling Magazine’s Cost vs. Value Report.

Boston Average:

Midrange Bath: $22,729
Upscale Bath: $66,735

Midrange Kitchen: $71,906
Upscale Kitchen: $133,618

New England Average:

Midrange Bath: $19,159
Upscale Bath: $59,606

Midrange Kitchen: $62,989
Upscale Kitchen: $123,381

2015 National Average:

Midrange Bath: $17,908
Upscale Bath: $57,411

Midrange Kitchen: $59,999
Upscale Kitchen: $119,909

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Money Saving Tips For Winterizing Your Home

Find drafts and seal them. Drafts can waste 5-30% of a homes energy usage according to the U.S. Department of Energy. Easy fix: roll up a towel or blanket to put under doors and apply weather stripping or caulking to drafty windows and doors. Hint: use a flashlight to see where light passes through.

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Install an updated thermostat and save up to 12%. A smart thermostat can help conserve since you’ll be heating and cooling only when necessary.

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Turn the dial down on your water heater. Check the temperature of your hot water first, many water heaters are set to 140 degrees  which can be dangerous and cause scalding! Lowering the temperature 20 degrees can save $36-61 per year. This will also slow mineral build up and corrosion in your pipes and heater, saving significant problems and cost associated with fixing them.

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Check your faucets for any leaks. Consider installing a low-flow faucet to save on water.

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1.Kitchens. Updating a tired old kitchen is one of the wisest methods, and a tried and true one, of increasing the value of your home. When planning a kitchen remodel, and making design decisions and selections for plumbing fixtures, appliances, cabinets and countertop materials, you should determine whether you are prioritizing your own design aesthetic or the return on your investment.

Either priority is perfectly acceptable, but you should understand which is your priority, or strike a balance between the two that you can feel good about. 

For example, using the existing kitchen layout and affordable cosmetic materials is a sure way to keep the cost of your kitchen remodel manageable. When you start tearing out walls, bumping out the exterior home footprint to gain a few feet, and moving plumbing fixtures and appliances, the cost of the remodel will jump and your dollars will be less efficiently spent.

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2. Adding living space. A straightforward addition of a new living room space is typically a very good investment.

Newly added square footage equals increases your home’s value. There are certain costs that will be associated with your addition regardless of the size. New square footage will require the demolition of existing exterior walls, a new foundation, a new roof, new exterior siding and probably new windows. If you are going to incur these expenses, it’s important to get some bang for your buck. It’s important that the added room is sized so that the space can be efficiently produced.

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3. Curb appeal. You have heard not to judge a book by its cover, but smart money recognizes the cover’s value. Your front elevation is more than just a first impression. It’s the only impression available to just about all of your home’s potential buyers.

The good news is that there are a number of very affordable projects that can improve curb appeal, and some more extensive improvements that can likely pay off as well. Simply cleaning out overgrown brush and making a few new planting additions to your landscape can go a long way toward improving curb appeal at a very low cost.

Repainting is another low-cost, high-impact improvement. Costlier changes such as changing out old windows or an aged entry door are things that potential buyers will notice and value. Even more extensive front-elevation remodels, such as added dormers and front porches, can prove wise from an investment standpoint.

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4. Master suites. Sorry, kids. Home buying decisions are in the hands of adults, and adults care about the environment where they sleep. Updating a master bedroom or remodeling and adding a new master suite is money well spent. The buyers will picture themselves living in their private space, and it’s of quantitative value when they like what they see.

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5. Bathrooms. Home buyers notice bathrooms, and although all the bathrooms are important, a priority should be placed on the powder room and master bath, followed by a guest bathroom and any other secondary baths (the kids don’t need to know).

The same rules apply to a bathroom remodel as to the kitchen. Cosmetic changes are safer from an investment standpoint than modifications involving changed layouts or minor additions, which can result in inefficient expenses.

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