Home Renovations Should Add Value

House Logic, a free source of information from the National Association of Realtors, has published a “Home Improvement ROI: A Room-by-Room Tour” which outlines the return on investment for each room in your home. Not all home remodeling projects have the same immediate increase in resale value. Depending on many factors, this remodeling research report outlines some key statistics in the home remodeling industry.

https://www.nar.realtor/research-and-statistics/research-reports/remodeling-impact

Americans spent $420 billion in 2020 on remodeling their homes.¹ Among NARI members, 90% found a greater demand in contracting in remodeling work during the COVID-19 pandemic. Sixty percent of NARI members cited the scale of the projects increased either in a larger project or remodeling more than one room due to the pandemic.

The goal of any home remodel is to make the right choice for the long term, which is why many homeowners are searching for low maintenance options and energy-efficient upgrades. For the past few years, the ROI for remodeling a bedroom into a home office has plunged to 48.7 percent nationally. Mobile devices allow any room to temporarily shift to a workspace. Comparatively, the ROI for converting an attic space into a bedroom has skyrocketed to 77.2 percent nationally. The increased living space is ideal for either young children or for elderly family members who need at-home care.

Overall, exterior improvements consistently have the best ROI, most likely due to the curb appeal of these upgrades. Specifically, deck additions are making a comeback, with around 65 percent ROI in the Kansas City area. As the cost of building materials increases, it’s imperative to have the right deck remodeling contractor by your side. Contractors like Wineteer partner with families in Overland Park, Olathe, Lenexa, Leawood, and the entire Kansas City area to maximize their space, budget, and timeline. Wineteer takes the time to listen to the homeowners and determine the best solution to their design wants and needs.

Still, many homeowners are not focused on placing their house back on the market. Instead, they are crafting renovations to showcase some personality and improve quality of life in a home they love. A major kitchen remodel, which includes replacing fixtures, wall coverings, flooring, cabinets and countertops, has a 55.6 percent ROI in Kansas City. Still, these upscale renovations remain extremely popular. “Over the last 10 years, homeowners have spent more on kitchen remodeling than any other home improvement category,” according to House Logic.

Wineteer Construction has mastered designing creative, yet practical, specialty projects, like large decks, room additions and upscale kitchens. Contact Wineteer for a consultation on your unique renovation with customized special touches. https://wineteerconstruction.com/contact-us/ or give us a call at 913-717-6325

The Value of Remodeling a Space in Your Home

You’ve been thinking about it for a while, making updates to your home. However, the cost that comes with the project is keeping you from making a final decision.

Leave the stress behind and see why remodeling your home is a great investment.

Cost Vs. Value: The Reality of Remodeling
While remodeling projects come at a cost, the value of the final product not only includes a happy homeowner, but also a renewed space that can bring up home value and even a high percentage of costs recouped.

According to the Cost Vs. Value Report from Zonda™ Media, remodeling projects for key spaces in the home provide great value. Specifically, universal design bathroom remodels add value and have a cost recouped rate of 56%.

These types of remodels are focused on accessibility, meaning that:

Spaces are made wheelchair accessible
Toilets have a comfort height fixture featuring elongated bowl and bidet-type seat
Bathtubs are replaced with curbless, tiled, walk-in shower with adjustable showerhead, foldout seat, thermostatic mixing valve, and bi-directional glass door
Floors are updated with electric radiant heat beneath
Vanities are updated to a living vanity with easy-grasp handles and adjustable mirror
Lights are updated to LED lights, infrared ceiling light, night light, and ultra-quiet vent fan with humidity sensing controls
Ceramic tiles are used on walls with two contrasting color stripes
Towel bars should be able to support 250 pounds
Storage should be reconfigured to be accessible from a seated position

For more information, access the report here.

To get started on your next remodeling project and bring value to your home, contact us.

Consider a Bathroom Addition

Did you know that there is money to be made in bathroom additions in the home?

According to the 2017 Cost vs. Value Report, homeowners and remodelers can expect on average 51 percent of all bathroom addition costs recouped. Following are the differences and expectations in a mid-range vs. an upscale bathroom addition.

Mid-Range Bathroom Addition Features:

Footprint of 6 ft. x 8 ft.
Concrete walls
Standard chrome faucets
Ceramic tile walls and floor
Linen storage closet or cabinet
Estimated at about $45,800

Upscale Bathroom Addition Features:

Footprint of 100 sq. ft.
Neo-angle shower with recessed shower caddy and frameless glass enclosure
Freestanding soaker tub with high-end faucets
Stone countertop with two sinks
Custom cabinetry
Electric in-floor heating
Estimated at about $84,000

If you’re interested in a bathroom addition for your home or business, or would like more information, connect with us! We’d love to help you create the home you’ve always dreamed of, the right way. Planned Right. Priced Right. Done Right.

Getting the Biggest Remodeling Bang for your Buck

In the 2017 Cost vs. Value Report, Kansas City homeowners and remodelers come out winners when completing a major kitchen remodel. In fact, 65% of remodeling costs are readily recouped when you are ready to sell your home. The more expensive projects continue to bring the most value!

Are you considering an update to your kitchen? The experts at Wineteer Construction are here to help! Planned Right. Priced Right. Done Right. We work with you to help keep your next remodeling project on the Right track. Contact us for more information.

Home Remodeling is not One Size Fits All

This week on KC Live, Co-Host Joel Nichols and Wineteer CEO and President Michael Dodd continued the conversation on the true costs of mid-range remodeling vs. upscale remodeling based on Hanley Wood’s Home Remodeling Cost vs. Value. Watch the full segment here >

Ready to start your next project? Schedule a consultation >

Before you can discover the value and ROI of a remodeling project, you first have to identify the true costs to each project. Below are the typical updates and changes you would see in both a mid-range and an upscale bathroom and kitchen remodel.

Mid-Range Bathroom Remodels

Typically a 5’ x 7’ footprint
Shower replacing a built-in tub
Smaller vanities with wood cabinets
Solid surface countertop with integrated sink
Ceramic tile
No configuration changes
Cost just under $20,000

Upscale Bathroom Remodels

Tripling the footprint to about 10’ x 10’
Reconfiguring the entire bathroom
Plumbing fixtures and locations would change
Walk in showers with body sprays
Hand held and fixed head shower
Ceramic tile with framed glass enclosure
About $62,000

The return on investment for any bathroom remodels is about 60 percent.

Mid-Range Kitchen Remodels

Footprint is about 200 sq. ft.
Involves a complete update of the whole kitchen
- Countertops
- Cabinetry
- Flooring
- Lighting
- Appliances
About $60,000 – $62,000

Upscale Kitchen Remodels

Same footprint as a mid-range remodel
Commercial grade appliances
Stone countertops
Imported glass backsplash
Custom countertops and cabinetry
About $126,500

The return on investment for any kitchen remodels is about 65 percent.

Wineteer Construction holds nearly three decades of experience and unsurpassed home remodeling craftsmanship, and Mike Dodd is one of three Master Certified Remodelers in the Kansas City area. Rest assured, your home remodeling projects with Wineteer will always be “Planned Right. Priced Right. Done Right.”

Ready to start your next project? Schedule a consultation >

Don’t Miss Mike on KC Live 5/25

Did you get a chance to watch Mike’s last appearance on KC Live introducing the topic of Hanley Wood’s Home Remodeling Cost vs. Value? Watch it here >

Check out the infographic we created highlighting average remodeling costs and the “recoup” value in the Kansas City metro area:

The conversation continues. Be sure to tune in to the KC Live on Thursday, May 25 at 10 a.m. CT. where Mike Dodd will continue the important topic of home remodeling cost vs. value.

We’d love to keep in touch with you! Contact us to schedule an appointment to discuss bringing value to your next home remodeling project!

Did You Watch Home Remodeling: Cost vs. Value?

Last week on KC Live, President and CEO Mike Dodd shared how to know the true costs of home remodeling projects and how to know if you were using reputable resources to discover the costs. In case you missed it, watch it here. >

Key insights from Mike:

Online calculators and other online resources can be great predictors of the true cost of home remodeling, if you find the right ones.
Hanley Wood’s annual Cost vs. Value Report is always a great resource to use.
Vetting contractors and references and doing the research before you choose a contractor is vital.
Know what questions to ask when you are considering investing thousands of dollars in your home.
It’s worth the patience and time taken to do the research rather than jumping into a project blindfolded.
You really do get what you pay for when it comes to home remodeling, in both good and bad ways.

Questions to ask your candidates for Home Remodeling:

How many years has the company been in business?
Are they members of trade associations?
Do they carry certifications?
Do they have the ability to secure permits on the building?

Ready to start your next remodeling project? Contact us today to schedule a consultation!