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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]

Some fun at Apple Valley!!  Looking to buy on a lake? Let us take you around and show you Apple Valley!

Video tour of 934 Kingsway Circle - Apple Valley Lake Ohio!

by Sherrie Toth

 Introducing 934 Kingsway Circle at Apple Valley Lake

3D TOUR HERE - Video tour below. 

For more detailed information CLICK HERE For more listings at Apple Valley Lake Ohio, CLICK HERE

311 Crabapple Drive 3D Walk Through

by Sherrie Toth

Virtually walk though this beautiful executive type lakefront home

311 CRABAPPLE DRIVE

Click the photo below for the 3d tour. 

Click HERE for further details

Buyer Video Testimonial - At Apple Valley Lake

by Sherrie Toth

Thank you Bruce and Jane for the lovely Video Testimonial! 

Are you looking to sell or purchase at Apple Valley Lake? You too, can become the next happy client! 

Contact us HERE

663 Winesap Circle, Video Home Tour

by Sherrie Toth

Who doesnt like a fairly priced ranch at Apple Valley Lake. See full listing details HERE

Are you ready for bathing suit weather?

by Sherrie Toth

Starting a New Workout Routine

The weather is still cold and we are still experiencing record low temperatures, but there is sunlight on the horizon. Literally. The summer is coming and the gradual lengthening of the days will mean more than a reprieve from an intense Ohio winter. It will mean shorts, swimsuits, and days spent swimming at the lake. 

That means that now is the perfect time to start working on your summer body. We are now officially beyond the point where most New Year's resolutions turn to naught, and we can begin working on making real changes that will carry us through the years. Hopefully. And the first thing on most people's lists is to shed the pounds that they picked up during the cold winter months, and maybe a few more. Equally common is the desire to take better care of your health. But, cold weather and comfort foods seem to be working against you. 

This can be all the more daunting if swimming is part of your fitness routine. The prospect of taking a dip in the lake loses its luster in the fall and by the time the winter gets into full swing, the specter of sickness keeps all but the most dedicated out of the pool. But there are ways to get fit and avoid the pull to abandon the water until the summer time.  

Start off small. 
If you have never had a workout routine before, it's important to start off slow. Doing thirty-minute workouts regularly is better than sporadic bouts of intense exercise or worse...sitting on the couch. Remember, even if its just a twenty-minute walk after dinner, the objective is to get moving. 

Extend your summer swim. 
If you swim outdoors, now is a good time to invest in a wet suit if you don't already have one. They come in many different designs and thicknesses. Find one that is thick enough to help stave off the cold in the early fall. Take advantage of the protection a wet suit offers to keep you swimming in the great outdoors until the cold forces you indoors. 

Cross train. 
Regardless of your primary form of exercise, you can benefit from cross training. If you are a swimmer, a few sessions at a Zumba class might be just what the doctor ordered. Cross training helps you to exercise muscle groups that you may miss and it will help you crawl off of the plateau that we all find ourselves on at some point. This is because cycling through several different routines and types of exercise create muscle confusion, forcing your body to work harder. Don't be afraid to move your swims to an indoor pool and reduce your days in the water to just one or two. 

All across Ohio, people are getting ready for the warm weather. But be sure to take the time to bundle up. It's easy to forget to dress appropriately. With the burst of endorphins and the sense of well-being associated with exercise, it can be easy to forget your hat and gloves. Bundle up.
 
Other ways to get ready for summer is to get your lake house! We can help with that! Contact us HERE

633 King Beach Dr - New Lakefront Video Tour

by Sherrie Toth

More detailed info on this new lakefront HERE

3657 Apple Valley Dr - New Log Home Video Tour!

by Sherrie Toth

Do you want to see it? Call us at 844-411-LAKE!!

Displaying blog entries 1-10 of 49

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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

RE/MAX Consultant Group | Apple Valley Lake | Toth and Team | 740-390-0735