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Thinking Of Remodeling? Read This First!

by Sherrie Toth
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Will Your Remodel Pay Off? The Best (and Worst) Ways to Spend Your Budget

Whether you’re planning a minor update or a major remodel, it’s wise to consider how the money you invest will impact your home’s value.

We’ve taken a look at six popular home renovations and identified those that—on average—offer the best and worst returns on investment. So before you lift a hammer or hire a contractor, take a look at this list and see if your remodeling efforts will reward you when it comes time to sell.

 

 

RENOVATIONS THAT PAY OFF

These three common home improvement projects not only add function and style to your home, but they also offer a strong return on investment.

Minor Kitchen Remodel 

A minor kitchen remodel is one of the top investments you can make in your home. The key is to keep it modest in scale. Make an effort to keep your existing layout and paint or reface cabinets instead of replacing them. Update countertops with low-maintenance quartz and swap out old appliances for energy-efficient models. The average cost for a minor kitchen remodel is $22,500, and it’s likely to recoup more than 80% at resale. 

Wood Deck Addition 

A deck addition is a popular way to extend and enhance the use of your outdoor space. It’s the perfect spot for grilling, dining alfresco, and entertaining. In fact, 81% of surveyed homeowners said they have a greater desire to be home since completing a deck addition.For a 16 x 20-foot wood deck, you can expect to spend around $13,000. Fortunately, the money you invest offers an average return of 76%. 

Siding Replacement 

Everyone knows good curb appeal is important when selling your home. And while it may not be the most exciting way to spend your remodeling budget, new siding can make a big impression on buyers … and your selling price. Replacing 1,250 square feet of siding costs around $16,000 and will net you an average of 76% at resale. For an even greater impact, consider replacing a portion of your siding with manufactured stone veneer. A 300 square foot area will run you around $8,900, but you can expect to see a nearly 95% return when it comes time to sell. 

RENOVATIONS WITH WEAK RETURNS

These three popular remodeling projects are homeowner favorites. But don’t expect to see a high rate of return when it comes time to sell. Instead, consider them an investment in your current quality of life.

Major Kitchen Remodel 

For a major kitchen remodel, expect to spend between $66,000 (mid-range) and $130,000 (upscale). Unfortunately, you’ll only get back around 60% at resale. Of course, an outdated or non-functional kitchen could turn buyers off from your home completely … and keep you from enjoying it yourself! So if your kitchen needs a major remodel, choose carefully where to splurge and where to save.

In-ground Pool 

The average expense to install a standard 18 x 36-foot in-ground pool is $57,500, but the estimated return is only 43%. In addition to the installation cost, plan to spend money each year on maintenance, repairs, and insurance. However, 92% of surveyed homeowners said they “have a greater desire to be home” since installing a pool, and 83% have “an increased sense of enjoyment when they are at home.” For you and your family, the perks of a pool may be worth the price.

Master Suite Addition 

Master suite additions have become increasingly popular—both in homes that lack one as well as those with aging owners who can no longer accommodate stairs to an upper-level bedroom. But what’s the typical return at resale? With a median cost of $125,000, most sellers will only recoup around 52% of their investment. Nevertheless, in a survey of homeowners, the majority were satisfied with their decision to add a master suite, giving it a “Joy Score” of 10 out of 10.4

 

Analysis of Your Project

We’ve been talking averages. But the truth is, the actual return you can expect will vary depending on your particular home. If you have plans to remodel, call us or send us the details. We’d be happy to conduct a free analysis to determine how the renovations will impact the value of your home!

Joe & Sherrie Toth

740-390-0735

Email us: [email protected]

Looking for a home at the lake? Click HERE


 

 

Take a look at the "other side" of Apple Valley! More than just CHILL!! 

Looking to get a place at the lake, give us a shout! 844-411-LAKE or text us at 740-390-0735.

Email: [email protected]

311 Crabapple Dr - NEW LAKEFRONT LISTING!

by Sherrie Toth

Gorgeous LAKEFRONT at Apple Valley Lake Ohio - Call us for a private tour. 

424 Baldwin Dr walk through video | New lakefront!

by Sherrie Toth

 Less for sale +  higher demand = Higher pricing. Get in while you can under 500k! 

424 Baldwin Dr -  Beautiful 3bedroom, 2 full bath A-Frame cottage. 77' water frontage. Gorgeous dock, gorgeous view..  Open house for 1st showings this coming Saturday, at 1-3pm. 

Call the Apple Valley Lake agents for more info and if you need need financing suggestions! 

Joe- 330-388-6293  Sherrie - 740-390-0735

Recent Apple Valley LAKEFRONT Activity

by Sherrie Toth

Below are the lakefronts that have SOLD in the last 2 months.  Further down the page are the lakefront homes that are now in contract.

 

481 Northridge Heights Dr transferred at $310,000 on June 28th! Our team had this listed and got the job done! VERY happy Sellers! 

573 Highland Hills Dr transferred at $693,000 on July 18th. Our team listed AND brought the buyer to this property! 

561 King Beach Drive transferred at $500,000 on July 9th. We listed this home AND brought the buyers! 

287 Crabapple Dr transferred at $574,000 on July 25th. We did not list this property but  YES, you got it..we brought the buyers !! 

471 Greenacre Cir closed at $755,000 on July 25th. Toth and Team listed this home AND brought the buyers! 

673 King Beach Dr - We didnt list it but our fantastic team SOLD IT!! It was priced at $690,000 and we sold it at $645,000!! Getting this couple a great price because it appraised much, much higher!!! 

 

 

653 King Beach Dr closed at $1,012,500 on 6/25!!. This is the 2nd home in Apple Valley that has closed in the 1M range.  OUR TEAM listed AND sold 895 Kingsway Cir  last fall at 1M. It was the 1st home to close in the price range! 
We do not have a pic of 653 King Beach but below is the 1st home to close at the 1m mark!! Again, we listed and sold it!! Sherrie took this pic from our dock

 

IN CONTRACT NOW!

685 Highland Hills Dr is in contract now. It is listed at $289,900. We have the listing and we brought the sellers 3 offers! More info will be shared once it closes! 

 

887 Kingsway Cir is listed by Lakefront Living Realty but once again, Toth and Team have the buyers for the home and the available lakefront lot! More info on sales price to come soon. 

 

464 Baldwin Dr is listed $524,900 and is in contract. We brought this seller 2 offers! More info to come when it closes!

 

Looking to list or buy a lakefront at Apple Valley Lake? Use the team that has been the captains on the lake since 2006!!  We still have more buyers looking in all price ranges!! Contact us!

Joe & Sherrie Toth - TEXT us at  330-388-6293 OR 740-390-0735

844-411-LAKE

573 Highland Hills - Lakefront VideoTour!

by Sherrie Toth

A seriously beautiful lakefront home located at Apple Valley Lake. 

See more info HERE on details of this lake home. 

Call the lakefront leaders for more info on this home or other lakefront homes for sale at Apple Valley Lake. 

Joe & Sherrie Toth 844-411-LAKE

561 King Beach Dr - Lakefront Video Tour

by Sherrie Toth

New Lakefront Home For Sale at Apple Valley Lake Ohio! Look at all of the lakefront homes For Sale at Apple Valley. 

561 King Beach Dr - $519,900

Call the lakefront leaders to help with your search! 

844-411-lake - Joe and Sherrie Toth

Apple Valley Lake, Ohio Amenities

by Sherrie Toth

Welcome to Apple Valley Lake!!

Take a quick tour around the lake and enjoy!

See ALL HOMES FOR SALE  HERE

Have you seen the LIVE lake cam? www.avlakecam.com

 

Contact our team for a "real" tour of the amenities and homes! 

Toth and Team

844-411-LAKE

 

 

 

The 1st 7 figure "SAIL" at Apple Valley Lake

by Carrie Pauken - Blogger

Apple Valley Lake's first million dollar listing is set to "Sail" this afternoon. 895 Kingsway Circle is a spacious, 7,000 sq/ft home with six bedrooms, a three car garage, a theater room, an owners suite fit for a princess, a gorgeous panoramic view of Apple Valley Lake and much more! . You can view the actual listing here.

 

“When asked about their excitement surrounding this monumental Lakefront listing, Toth and Team’s response was actually what I DID expect from them.

“We are so grateful and humbled that we were given the opportunity to list this home. Our team has put forth a lot of effort in making this happen not only for the seller but the buyer's as well. This listing and sale are not just about numbers for us.  It’s about putting forth million dollar effort no matter the list price.”

The Toth's also noted that this closing will be bitter sweet. They enjoyed working with the seller and frankly are sad to see her leave. The bright side of it is, they brought in a wonderful family that they now consider their neighbor and new friends.

The Toth's wanted it mentioned that they will share with anyone the Apple Valley sale history for 2017. Whether on or off the lake.

Selling or Buying? Get the Million Dollar Treatment! Contact Toth and Team!

844-411-5253

Email HERE

Looking for lakefront at Apple Valley? Here is the link of what is available Lakefront Homes For Sale

 
Blogger, Carrie Pauken

7 Tips When Considering a Lakefront Home!

by Sherrie Toth

7 Tips When Considering a Lakefront Home:

You’re ready to make the dive, eh?  Purchasing a Lakefront home is the next item on your bucket list and as you get ready to venture into this endeavor, you will have some things to think about first.  A purchase of this magnitude will require much more than a simple Internet search for:” Lakefront properties near me”. While there are several aspects to consider when purchasing a lakefront home, Toth and Team has whittled that list down to seven points.


 

  1. Find a local agent who is a true waterfront/ area specialist.  We cannot stress this enough, hence why it’s number one on the list.  You wouldn’t go to your dentist to perform brain surgery and you wouldn’t hire any agent to help you with your search.  And it doesn’t stop at simply being a Lakefront Specialist-- you also want your agent to be a local specialist.  You want an agent who also lives in the area and knows the ins and outs.  Toth and Team is proud to say that not only are we experts in lake living, but we are also proud owners of a lakefront property on the very lake in which we specialize. We have been second lakefront owners and full time lakefront owners. We know both lifestyles.   

  2. Have a chat with other residents.  Along the lines of getting expert advice, why not talk to others who live there?  Do they enjoy living in the community?  How long have they been there? What are the greatest challenges? What are the benefits?

  3. What will be your waterfront responsibilities?  Your agent will be able to give advice or direct you with this one.  If you’re new to waterfront properties, you might want to do research on what your new responsibilities will be.  Consider the fact that your backyard is your new front yard-- it is visible for all to see now with boaters driving by.

  4. Look into loans early.  Start the prequalification process early.  Purchasing a Lake Home is typically a very large purchase and available to those who are extremely qualified.  You will want to start this process early because it can take a lot longer than the normal home loan process. Another note to consider is, a second home requires more money down.

  5. Lake Location. Are you happy to be located anywhere on the lake or do you desire a specific area?  Depending on where your property is located (East, West, North, South) you could experience more day time sun (sunrise) or more evening sun (sunset)-- all of which are YOUR preference.  Do you want to reside on the main lake or would you prefer a more quaint, quiet cove?

  6. Boat restrictions: Make sure you understand the restrictions at the lake. For instance, did you just purchase a 22ft Mastercraft? This boat would not be approved for Apple Valley Lake. Our team is well informed and educated on the dos, don’ts, cans and can'ts

  7. Picking the right real estate professional. Understand that lakefront at most lakes is highly desired. We know our “niche” market well. At the time you are looking, we can update you what is happening and what we predict will happen on the waterfront. -Many times we know about homes before they list in the MLS!  Many homes in 2017 on the lakefront, sold within days and even hours.

Do you have questions?  Maybe you’re not ready to jump right in, but you just want to talk.  That’s what we’re here for.  Let’s chat over a cup of coffee!  Contact us  and we can help!

 

Displaying blog entries 1-10 of 18

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Toth & Team
RE/MAX Consultant Group - at the lake
22021 Coshocton Road Suite A
Howard OH 43028
Sherrie’s Mobile: 740-390-0735
Joe’s Mobile: 330-388-6293
Fax: 800-707-3176

Apple Valley Lake Team | 844-411-5253