Tag Archives: home remodel

Remodeling Trend to Rise

Remodeling Trend to Rise: According to the Federal Reserve, the primary residence accounts for about one-quarter of all assets held by households, ahead of other financial assets, business interests and retirement accounts.

It’s important to protect the value of your home by keeping it repaired and updated. Not only does an update make a home more attractive, it should improve functionality, make it more comfortable, increase the enjoyment, and increase the value, upping the chances of a higher resale price.

Remodeling Trend to Rise

If you’re planning on making home improvements, you’re in good company. Home improvement spending is expected to increase by seven percent over the next year, according to research by the Joint Center for Housing Studies of Harvard University. Homeowners will spend about $350 billion on updates by mid-year 2019, confident that they’re making a good investment, thanks to rising home values and a growing economy.

How are they spending their money? The National Association of Home Builders (NAHB) said in May 2018 that bathrooms have overtaken kitchens as the number one remodeling choice.

NAHB surveys of homeowners who recently remodeled their homes found that over four out of five remodeled baths (81%) while 78% remodeled kitchens. Nearly half of respondents replaced doors, remodeled whole homes or added a room to existing homes. Most homeowners start with smaller projects such as new front doors, green-friendly appliances, programmable thermostats, low-emissivity windows and new HVACs.

As home remodeling continues to be popular, you will likely to see increased benefits from your home improvements.

Is Home Remodeling Right For You?

Home Remodeling

SHOULD YOU SELL OR REMODEL YOUR HOME?

Anything that gets as much use as your home shows wear and tear after a few years. Colors and decorative styles look tired and outdated, or you may need more room due to an addition in the family. So do you sell or remodel and stay?

Ask your Berkshire Hathaway HomeServices network professional to show you homes for sale that have the size, features and finishes you want, and create a comparative market analysis of homes like yours so you’ll know what you can reasonably expect to net if you sell.

You’ll pay about 12% of the sales price and more in closing costs to sell and purchase another home. Moving costs are about $2,300, (if you have 4 movers at $200 per hour) for an intrastate move and about 7,400 pounds of household goods, according to the American Moving and Storage Association.

If you decide to remodel, make sure your design will meet your needs for years to come. You’ll need the right team – contractors, kitchen planners and interior designers to help you put it all together. Talk to your lender to learn how much you can borrow and if that sum will help you meet your remodeling goals.

Kitchen Home Improvement Ideas

What You Want in Your Kitchen Now

Those flawless kitchens you’ve seen in home décor magazines don’t come from home improvement stores. They’re precisely designed by top professionals like award-winning interior designer Charlotte Comer, ASID, RID and Helene Terry, founder of Helene’s Luxury Kitchens and 2017 Dallas ASID Industry Partner of the Year.

“I listen to the client and ask many questions,” said Comer. “The priorities are the client, the

Kitchen Home Improvement Ideas

space and the finished look and feel.”

Comer sometimes brings Terry into a project to give her suggestions on the latest cabinetry, appliances and fixtures. “Clients want a clean, long-lined look,” said Terry, “Part of the design process is to use cabinet and appliance fronts to lengthen lines and avoid interruptions and disjointed seams.”

So how should you remodel your kitchen? Open it to the living area, with a large island with bar or banquette seating. Gone are cathedral cabinet fronts in favor of smooth surfaces that open with a touch instead of hardware. Modern appliances are matte and should include steam, convection and induction cooking, hands-free faucets and appliance drawers to reduce the institutional look and provide minimal reveals. Natural and engineered stone still rule, but put a waterfall side on the island and use large-scale tiles or planks on floors.

For your kitchen to wow buyers, hire an experienced team. Check references and ask to see pictures of previous installations. Tell your design team if you have time constraints. You should receive renderings and CAD drawings to eliminate surprises and to facilitate a smooth installation.

Whether you are looking to build your own dream kitchen or buy a new home that already has your dream kitchen, let BHHS Hodnett Cooper help you. We have agents ready and willing to give you great advice for your next home project or they can help you find the kitchen of your dreams!