One of the popular questions we get from homeowners that are considering a remodel is what options will give them the most return in the future, should they someday choose to sell their home. Although our ideal clients tend to be individuals that are not intending to move – those that have found their “forever home” and plan to live the rest of their life there—it is still a good idea to know what projects will provide the greatest ROI in the event that a move is necessary. Most contractors and realtors will probably tell you that a kitchen or bathroom remodel is going to be the best investment in regard to ROI. This is true, however, it’s important to know that this is only the case if you move a minimum of 10 years after your remodel. Moving within a 1 to 5 year timeframe is simply not a wise decision from a financial perspective, as the expense will be greater than the return within such a short time. For that reason, we typically are not the best fit for those that are working with investment properties or flip houses.
While it would seem that any update to your home would be good for your ROI, you should be aware that there are some projects that can actually lower the value of your home! Our owner, Mike Sr, will tell you that many times when he meets with a potential client to discuss a new project, he will spend the majority of the discussion trying to talk them out of it. If what they are thinking might serve an immediate need, but the long-term effect of the project on the value of the house will be a negative, he tries to get them to look at alternatives to serving their need. This might sound blunt, but our goal as a design-build firm is to provide our clients with honest facts and guidance when it comes to major home remodeling decisions. We want to educate you on the pros and cons of your potential project to help you choose the best option for the long-term!
Here are five home projects Mike Sr almost always tries to talk clients out of:
Replacing your home’s siding probably isn’t the first of your priorities; unless there’s an urgent problem, most people don’t think about it too often. However, replacing worn-out, cracked, or leaking siding is very important in the prevention of more serious (and expensive!) future home repairs. If you haven’t checked your home’s exterior siding in a while, now is a good time!
Here are 7 warning signs it might be time to replace your siding:
Believe it or not, door installations are one of the more complex projects that we do. You might think it’s simple to swap out an existing door for a new one, but there truly is a lot of detail that goes into it. Over the years, our team has perfected the task to a seamless process. Here are some of our favorite door installation projects we have completed:
Decorative Iron Entry Doors
Decorative iron doors are a popular choice for clients looking to improve the exterior of their home. These beautiful doors come in a wide variety of styles and finishes and can make a stunning first impression. Not only do they provide wow-factor curb appeal, but they also add value to your home and improve security.
A laundry room remodel is probably on the majority of homeowners’ wish lists, but it’s not as common of a project for us to complete as kitchen or bathroom remodels. The reason being that many laundry rooms lack the space for a significant remodel and adding square footage requires the right circumstances and a larger budget. Luckily, for our recent clients in Arlington, Texas, they already had a large laundry room that provided a lot of space to play with. We were able to re-design the space and manipulate the layout to create the laundry room of their dreams!
Our recently completed master bathroom remodel features a 1980’s bathroom in an upper-end Arlington home. The existing bathroom was functional and good quality, but it was very dated. The clients agreed it was time for a refresh! Check out our blog on the beautiful transformation, including a sleek, frameless glass shower, an elegant free-standing bathtub, a custom vanity, and more!
Our recent project blog is now on our website! What a stunning transformation!
With all the beautiful interiors seen on TV shows, featured in home design magazines, and posted across Pinterest and other social media platforms, it’s no wonder home remodeling is such a hot topic among today’s homeowners. Honestly, who wouldn’t want their house to look like Chip and Joanna’s?!
Odds are, if you’re really committed to the idea of remodeling your home, you’ve probably already looked into the process and maybe have even met with a few contractors to for estimates. While it can be tempting to go all-in with the first contractor that offers you an affordable quote, the old cliché “you get what you pay for” is important to keep in mind. It’s a sad reality that many clients come to us after being ripped-off or left high-and-dry by another contractor who made them an offer they couldn’t refuse. Prices might vary somewhat between remodeling contractors, but if someone quotes you a price that is thousands of dollars less than the others, it’s likely too good to be true!
Heed the warnings of so-called “affordable” remodeling! It might seem like a good deal at first, but you’ll end up paying significantly more in the long run to have a quality contractor come in and fix what was done incorrectly by the “affordable” contractor. Double (or triple) the cost, time and headache. Ouch!
Here are the red flags to be aware of when it comes to “affordable” remodeling:
Our featured project this month is a master bathroom remodel that includes some handicap accessible features, such as a widened, doorless shower with a wheelchair ramp and a handicap accessible vanity. These features, along with the upgraded look and improved layout of the space, have created a beautiful, spa-like bathroom that the clients can comfortably use for years to come!
Transformation time! Check out our recent bathroom remodel.
Just realized you need some last minute home maintenance done before holiday guests arrive? No worries, Medford Remodeling is your…
We know the holidays can be a hectic time, especially if you’re hosting a house full of guests! The Medford Remodeling Team would like to remind you that we offer home maintenance services for those small projects that you meant to get done by the end of the year.
As 2016 comes to a close, we are wrapping up our big projects so we have time for smaller jobs, repairs, maintenance work, and minor renovations, such as:
Remodeling is a big investment. How big of an investment you commit to really comes down to what your plans are for the home in the future – are you planning to sell the home at some point, or do you intend to live there the rest of your life? Most of our clients base their home remodeling decisions on one of two goals: to increase the value of their home for resale purposes, or to improve their quality of life while living in the home. Which is a more important option to consider?
Every standard remodel will increase the resale value of your home to some extent, but certain remodels add more value than others. On the other end of the spectrum, certain remodels will end up costing more than you would ever get back if you sold the home with the completed renovations.
Happy April from Medford Remodeling!
This time of year in Texas offers beautiful, sunny days, but the warming temperatures of the season also mean spring showers and thunderstorms are on the way! These changing weather patterns make it hard to enjoy the outdoors if your home is lacking necessary features. Patio covers are a great solution, providing a sheltered outdoor space for when it rains and a cool, covered area for when it’s sunny and hot.
Patio covers are a common request from our clients during the spring season and all the way through the summer. Many of them are initially interested in arbors or pergolas, but we usually advise them to steer clear of these types of structures and go with a full patio cover instead. The reasons are many: