Top Two Renovations to Add Value to Your Home

 

1. Kitchen Remodel

kitchen pic.jpg

Kitchen Remodel

A minor kitchen remodel typically averages at $15,000, with its average return at resale totaling over 98%. The cost includes 30 feet of re-facing for cabinets, laminate countertops, resilient flooring, wall oven, cook top, sink and fixtures.

kitchen cabinets.jpg

A less expensive alternative to replacing cabinets can be to sand and paint existing cabinets. Average cost of repainting cabinets is $1,000. Average cost of re-facing cabinets with laminate cost between $1,000 to $3,000. Re-facing cabinets with real wood veneer costs on average between $3,000 to $6,000.

kitchen insta image.png

Adding a statement light fixture can really transform a room, and typically costs about $100 to about $500.

kitchen sink.jpg

A new sink is a valuable addition to a kitchen remodel. Having a kitchen sink you love is worth the investment because not only is it used daily, but it can enhance the overall style and look of a kitchen. The average total cost for a kitchen sink is about $300 and $380 for the installation.

2. Bathroom Remodel

bathroom tub.jpg

Bathroom Remodel

When looking for ways to add value to your home, a minor bathroom remodel will do just that, and more!  The average cost for a minor bathroom remodel is approximately $11,000, with its average return at resale totaling over 100%. The total cost covers a new, tub, floor, toilet, sink, vanity, and light fixtures.  Apply a fresh coat of paint to give it a nice finishing touch. If you are on a budget, you can change up the style of the cabinets by re-staining, painting, or re-facing them.

A great way to improve the look of a small bathroom is to try out a bright paint color, or tile to add personality.

bathroom faucet.jpg

Replacing dated plumbing fixtures can go a long way and change the entire style of a bathroom. You can find stunning bathroom faucets for less than $100.

 

Increasing A Home's Value by Adding An Elevator

 
Start with a basic coat closet and turn it into an Elevator!

Start with a basic coat closet and turn it into an Elevator!

     Have you ever thought about buying a home but the master bedroom was upstairs and you passed?  What about those of you who have rooms upstairs you never use because you have a bum knee, bad back, dogs that have medical conditions, or you just don’t want to lug the suitcases or laundry up and down the stairs.

 
liftonTRIO.jpg
 

      Many homeowners are opting to install/ purchase an elevator so that they can use their home more effectively. Read below to find out more about the process.

 
croppedimage620395-vertechs-tips-elevators.png
 

     First, call your local elevator company and have them come out to evaluate the home to determine if there is a closet or space that will work to add an elevator.  You can do this during an inspection or option period, this will allow you to cancel the contract if it is not a viable option. 

 
FIRST, Identify a closet that will work to add an Elevator

FIRST, Identify a closet that will work to add an Elevator

 

     Once that space is identified you have to determine what kind of elevator is best for space.  Do you have a traditional slab or post tension? The elevator company will help you with all aspects of this process including framing, engineering, and finalizing the space.

 
5D840B44-034B-446D-829A-AE2D38ED1594.JPG
 

     The actual cost of the elevator can run from $15,000-$30,000 and that doesn’t include framing, electrical, engineering, and finish out.

 
symmetry-home-elevator.png
 

 Overall, a home elevator can increase the value of a home and provide access to upstairs for all home buyers.  If you plan ahead early, you can age gracefully with your home. 

 
Glass-elevator-for-home.png
 

 

 

 

Investing in Real Estate for Retirement

Investing in Real Estate for Retirement

How often do you think of retirement? What about planning or saving so you can retire sooner than later? There are many theories about how to plan for your retirement.

Looking to start a real estate portfolio or add to an existing one? 

Contact Cari Patterson- Broker 

Vance Elliott Realty 

 

Read More

Lighting Up A Room By Adding A Window

 
 

Lighting Up A Room By Adding A Window

Finished Look after Remodel

Finished Look after Remodel

I recently purchased a home and wanted to create more lighting in a very dark and drab kitchen. Being a licensed Real Estate Broker, I knew this would add value by allowing the kitchen to esthetically look better and allowing more light to permeate the space.  

Day 1 before the Window

Day 1 before the Window

 

  Not only did it create instant light, it took the bare wall with tons of gap between the cabinets and the ceiling, and gave it instant ambiance. The room feels warmer and the accent pieces placed on the cabinets now glow with the added beams of light coming through the window.  It was worth the extra $1500 spent and will pay off more when I go to sell the house.  

WIndow Added

WIndow Added

 

By simply adding a window or replacing a window in your home, you can increase your house value, create a stylish look, and enhance your interior design. While this window didn’t give me a gorgeous view due to it’s height above the cabinets it did dramatically improve the light in the space in turn giving the kitchen a much larger and brighter feel. I am extremely pleased and know it will pay off when I go to sell the home!   

 

Stucco Cut and Finish Out

Stucco Cut and Finish Out

Final Look of Ambiance

Final Look of Ambiance