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Jeri Collins Home Remodel April 15th, 2019 - 01:11:53
A high ROI a homeowner can expect on a kitchen remodel used to be 75-85%. However, according to this year's Cost vs. Value report that assess home remodeling projects from various regions all around the country, the ROI for a typical kitchen remodel has dropped to 57% for 2011. This is as much as a 30% decrease over the last 5 years. The drop does seem to be bottoming out, which is a sign that the housing market may be as well. But with such a significant drop, it can be easy to understand home remodeling contractors may be experiencing a decrease in kitchen remodels.
Many folks plan remodeling projects for their homes to raise the comfort level but it is also a popular choice if you plan to sell your home and wish to increase the market value. Remodeling your home may be an overwhelming task if you are not quite sure where to begin. We will point out some tips here to start you in the right direction.
First, if you are still deciding what project to do, think about the fact the some projects consistently recoup more money, kitchens and bathrooms topping the list without fail. On the other hand, pools and decks tend to make back least. There are some geographical variations - decks built in areas down south will recoup more than those built in the northeast, for example.
New Roof - Want to get as much as a 105% ROI on a home remodeling project? Then talk to your local roofer about upgrading your home's roof. While a new roof may not be the sexiest home remodeling project, it is one with a high return!
Before a homeowner decides to embark on a remodeling project, there is a great deal of work to be done. Just as the old adage for carpenters is, "Measure twice, cut once," so the adage for homeowners is "Know what you want done, have done only what you want." In other words, it can be expensive for the homeowner to change his or her mind halfway through a home remodeling and decide on additional features which would necessitate tearing out part of the remodeling job and redoing it because a "better idea" has occurred.
Of course to actively preserve its qualified and recognized performance, the Gold Star Home Remodeling constantly hones its skill by participating in the Michigan Bureau of Construction Code's Online Code Training Series that educates building department personnel to have a greater knowledge and understanding of the codes so they can effectively enforce and inspect for building code regulations, assists builders to construct better buildings that are always in compliance with the new state building codes, and instructs architects and engineers on understanding the new codes that will be reflected in their engineering and designs.