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Cedar Landing|Wilmington NC real esate waterfront

Remodeling still makes sense in this economy

Leigh Roche, owner of Skye General Contracting, inc. Pittsburgh, PA

With the decline in the economy have been reports recently (one was actually an MSN.com article title) to indicate that a home improvement is an extravaganza of consumers. This is not only wrong but irresponsible. Remodeling is often necessary for general maintenance and maintenance of your home; putting off home improvements could lead to costly repairs and improvements in the future. A roof or older can not be ignored. It will not offer protection , will not be energy efficient and detracts from the aesthetics of your home. If left to deteriorate, which could leak, resulting in further damage to the interior housing. leaky windows can let water seep into the walls and black mold growing cause; chimney deterioration not only breaks down and causes damage, but could cause leakage in the home.

Studies and reports in the remodeling industry facts and encouraging. The Research Institute for Cooking & Kitchen Intelligence (Ricki), a Charlotte-based organization of industry professionals in the kitchen remodeling industry, conducts a "Remodelers 360 "survey examining consumer preferences for design of kitchens, kitchen remodeling experiences, and how they use their kitchens. Results reveal that common sense would say, more Americans are eating at home as a result of the slowdown, with the desire to reshape the kitchen is still motivate consumers to remodel. Homeowners get the value of a kitchen remodel and the aesthetic and practical benefits for the home is still make it a valuable investment.

According to Remodeling magazine Cost vs. Value Report 2008-2009, remodeling remains an excellent investment, which not only improves their quality of life and whose cost can be recovered if or when you sell your home. The Cost vs. Value Report gives the approximate cost of remodeling projects in particular and provides resale potential quantities and the rate of return on investment. The costs of remodeling obviously vary from place to place across the U.S., based on regional fluctuations in material costs and contractor costs for labor and overhead.

Bathroom Remodeling: update of an existing bathroom 5x7 feet, including the replacement of all fixtures, installation ceramic tile surround, the installation of a new pipeline in the bathtub, shower and toilet, installation of a standard white toilet, solid surface vanity counter with integral sink, installing a medicine cabinet, light fixture and ceramic tile floor.

Approximate cost the project: $ 15,899

The resale value: $ 11,857

Cost recovery: 74.6%

Deck Addition (wood): Add a 16x20 meter indoor pressure-treated joists supported by 4x4 posts anchored to concrete piers. Install pressure-treated deck boards in a linear pattern simple; include a bank and the planter of the same material decking and stairs

(Assuming that the three steps to grade). Provide a complete railing system using pressure-treated wood posts, railings and balusters.

Approximate cost of the project: $ 10,601

Resale Value: $ 8,676

Recovered Cost: 81.8%

Great Kitchen Remodeling: Update outdated kitchen 200 square meters, with a layout of approximately 30 meters new wood cabinets semi-custom, installation of laminate countertops and a standard double-tub stainless steel sink with mixer tap standard. Install an energy wall oven, cooktop, ventilation system, built-in microwave, dishwasher, garbage disposal, and custom lighting. Add new resilient flooring and finish with painted walls, trim, and ceiling.

Approximate cost of the project: $ 56,611

Resale Value: $ 43,030

Cost recovered: 76.0%

Minor Kitchen Remodel: In a functional kitchen, but with a date of 200 square meters with about 30 linear feet Cabinets and countertops, leave cabinet boxes in place, but with new fronts to replace the wooden doors raised panels and drawers, including new hardware, replace wall oven and plate with the new energy efficient models. Reinstall the laminate counters and mid-priced sink and faucet. Repaint trim, add wall covering, and remove and replace resilient flooring.

Approximate cost of the project: $ 21,246

Resale Value: $ 16,881

Cost recovered: 79.5%

There are also many remodeling projects that increase home energy efficiency. Update fourth largest plumbing bath with newer, more water-conserving fixtures is an inexpensive way to improve the efficiency of a home, reducing water costs, and improve the appearance bathroom too. Other minor things you can do include installing new doors, installation of ENERGY STAR-qualified windows, sealing cracks and crevices with spray foam, and if possible on the thicker insulation in the attic.

Power consumption tax incentives and credits offered through the American Recovery and Reinvestment Act of 2009 and are providing tax incentives for consumers to have energy efficiency improvements makes their existing homes and new construction. The plan includes federal tax credits and includes:

Tax credits are available in 30% of the cost, up to $ 1,500 in 2009 and 2010 (for existing homes only) to:

Windows and Doors

Isolation

Ceilings (metal and asphalt)

HVAC

Water heaters (not solar)

Stoves

Tax credits are available to 30% of the cost, unlimited higher through 2016 (for existing homes and new construction) to:

Geothermal heat pumps

Solar Panels

Heaters Solar water

Small Wind Energy Systems

Fuel Cells

The Joint Center for Housing Studies is the center Harvard University for information and research on housing in the United States. The Joint Center for Housing Studies analyzes the new housing policies and community development concerns. Industry leaders and public officials also use the center's research to understand the trends and issues housing.

According to the Joint Center for Housing Studies, 2009 for Growth Markets report Remodeling, remodeling has helped to increase the energy efficiency of existing homes in the last two decades, especially in older homes built during or before the 1930s. Most homeowners are currently involved in projects that improve energy efficiency of housing and address other environmental concerns (the use of "green" materials to reduce carbon footprint and health concerns for example). In 2007, homeowners spent more than 52 billion U.S. dollars of improvement projects related to energy, compared with less than $ 33 billion (in inflation-adjusted terms) a decade earlier. Owners homes are motivated by environmental concerns, and have a growing interest in products and projects that meet green objectives for quality and durability, the environment performance and security environment (for example, reduce the chances or consequences of certain disasters at home).

As credit conditions begin loose, the owners will be easier to finance improvement projects for the home. As home prices edge back up, the owners again will realize the benefits of wealth creation, investing in their homes. And as sales pick up, recent homebuyers want to make the improvements that the economy remains improving. When the uncertainty of the economy and reduce job security, people will feel less afraid of spending money on remodeling projects.

Remodeling can be done at any time of year, need not wait until spring to tackle home improvements when most contractors and specialists in home improvement work accumulate. Some projects are certainly in a better position for the proper time: roofs, exterior painting, roofing and cladding. But there are many projects that can be completed at any time: interior paint, kitchen or bathroom remodel, basement remodeling recovery or the disposal wall (s) to open the interior spaces, floors, and installing doors and windows, repair of wood floors or putting in new trim work. A large project is the redefinition of a room by changing a bedroom or misused-in a bathroom, office, media room or workout room / retreat for relaxation, or a space that fits your lifestyle.

As homeowners increasingly staying in their homes, they see the remodeling to help build your home ideal of the house they already own. Your home is a significant investment to maintain or enhance their value, efficiency and appearance to improve their quality of life!

Peninsula Bay Resort Condominiums-Suite A20 - Traverse City

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