Summer Vacation? Tackle That Remodeling Project!
As summer approaches, many New Jersey homeowners are indubitably thinking about remodeling their home. The warm weather provides the perfect atmosphere for getting in the renovation spirit, and with many of us taking vacations over this period, we obviously have the time to get in and remodel those parts of our residence which we don’t care for, or add on additional space to accommodate those now living with us.
Having trouble getting in the remodeling mood, or issues with determining what project to tackle first? Summer passes as quickly as it arrives, so now is the time to start thinking about the home remodeling project you want to complete. Here are some projects to consider and discuss with your New Jersey remodeling contractor:
Room Additions
Room additions are especially popular among growing New Jersey families. Are your kids getting too big to share a room, or have you recently added another member to the family? Adding another bedroom can alleviate issues. If a parent or in-law will be coming to permanently stay with you, adding on will give them the privacy they desire while having them close by.
Another option, although more involved, is to put another story on your New Jersey home. Second-story additions add more than just necessary space: they greatly increase your home’s resale value.
Basement Finishing
It’s more common these days to have a basement that’s more entertainment or living space instead of a storage area. Finishing your basement does just that (while also increasing your home’s worth). Many opt to turn their basement into extra space for work or play, and others transform theirs into an extra bedroom. The options are virtually limitless when you’re trying to make a decision on what to do with your basement.
Deck or Patio
Maybe you don’t want to remodel the space inside, but add something more outside so you can enjoy the weather. Decks and patios do just that. Putting on a deck or patio or sunroom is like adding another room, but outside. Plus, they’re great for hosting parties, barbecues and other events.
Kitchens and Bathrooms
Remodeling the kitchen and/or bathroom is the old standby home remodeling project, but they’re ones that can greatly benefit your New Jersey home, aesthetically and financially. Experts note that of all of renovations a homeowner can take on, renovating the kitchen has the highest return on investment, while remodeling the bathroom will increase your property’s worth by 102% to 103%.
Don’t let summer 2012 pass by without getting any work done. Remodeling your New Jersey home might be costly at first, but these are projects that pay you back – with interest – in the long run.
Article Source: http://EzineArticles.com/?expert=Thom_E_Casey
If you’re looking for a professional New Jersey exterior remodeling company, then give us a call today at 800-734-3737 or complete our request for a design and budget consultation.
ROI for Remodeling in 2012
People often refer to home remodeling as one of the best investments you can make. It’s a great way to update your New Jersey home and keep up with growing trends or a growing family. The best part is, you usually get most of it back when you sell your home. The kitchen and the bathroom were always the shining example of this. But in 2010-2011 the trend for remodeling projects with the highest Return On Investment (ROI) have shifted from larger home remodels, to smaller home improvement projects. These projects include new exterior paint, window and door replacement, or garage replacements.
A high ROI an New Jersey homeowner could 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 why your New Jersey home remodeling contractor may be experiencing a decrease in kitchen remodels.
Conversely, contractors may be experiencing more work in the home improvement spectrum. Replacement projects typically outperform remodeling projects due to their relatively low cost (a replacement project is any remodeling project completed under $18,000). One of the best replacement projects an New Jersey homeowner can do for their home is a window and door replacement. According to the Cost vs. Value report, a window and door replacement can return over 70% of the cost, 13% higher than kitchen remodel’s ROI. New windows and doors are considered a valuable replacement project because there have been numerous advancement in window and door technology, specifically advancements in energy efficiency. This is especially appealing to homeowners because more efficient windows and doors can lower utility bills, which is a huge plus in this market. It might seem obvious that the value of saving money has wide appeal, but it wasn’t too long ago that double ovens and Hummers were in fashion.
Home remodeling and the housing market have slowed down, but there are optimistic signs that things are getting better. According the “Housing 360″ report by Hanley Wood, about 42% of homeowners feel that it’s a good time to remodel their homes. For homeowner’s with a higher income of $100,000 or more, the statistic increases to 56%. The lack of credit still makes it hard for New Jersey homeowners to buy new homes or renovate their existing homes. But recently, people have been watching their money closely and been able to provide the money for their home remodeling projects with cash. In fact, 80% of homeowners use cash for remodeling their home.
Article Source: http://EzineArticles.com/?expert=Rob_Pankow
