TOP 10 HOME IMPROVEMENT PROJECTS WITH RETURN

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Have you ever wondered if that home improvement project was really worth the investment and time?  According to Remodeling Magazine (http://www.remodeling.hw.net/) you’re less likely to recoup your investment in a major kitchen or bathroom remodel than you are to get back what you spend on basic home maintenance such as siding.  Siding replacement recouped 92% of its cost, according to this study.  Our team breaks some projects down for you to help you understand where you should put your dollars to work.

1.  Replace Your Front Door 
You may be thinking to yourself a front door really?  But yes according to recent statistics a solid front door yields an amazing 96% return on investment.  If your door does not need replacing some simple updating may be all that is needed, updating hardware and a fresh coat of paint.

2.  Add a Deck or Patio
No matter where you live buyers are always looking for outdoor living spaces.  Our data shows that you can recoup 87% of your investment on a new wood deck or outdoor patio.  Do you already have an outdoor space, our suggestion is keeping up with maintenance to ensure you retain top dollar.

3.  Add Space/Attic Bedroom
There is no doubt that adding square footage to your property will bring you an additional return.  You can easily recoup 84% of your investment in an additional bedroom or living space.

4.  Replace Your Garage Door
Is your garage door starting to stall when you close it or getting squeaky at the hinges?  Upgrading to an upscale or midrange garage door recoups 83% of your investment.  Manufactures offer a host of styles and choices, from plain steel panels to energy-efficient and insulated models.

5.  Kitchen Remodel
What home owner doesn’t dream of granite countertops, upgraded backsplash and brand new cabinets?  Did you know that when showing a home buyers are most likely to consider the kitchen and bathroom as major selling points.  You can easily recoup 80% of a minor kitchen remodel and 70% of a major one.  If you are thinking of selling soon, our suggestion is keep the updates minor like updating appliances, painting cabinets or updating countertops.

6.  Replace Your Windows
This one really is a no brainer.  Having efficient windows in a home is a major selling point.  Buyers are always interested in the upkeep of windows after all this could be a major expense they will need to incur if they are outdated and leaking cold air.  But updating your windows can bring you an easy 79% return on investment.

7.  Replace Your Siding
If you have an older home it may be time to consider updating your exterior.  In fact updating your siding can bring you a 78% return.

8.  Basement Addition/Remodel
Depending on the market, most suburban families are in the market for additional space as they grow their families.  And in this day in age it is all about entertaining.  So if you are going to finish go for the wet bar and full bathroom.  Open entertaining spaces will sell more than a disconfigured basement with multiple rooms.

9.  Bathroom Update
Let’s start with the basics here.  Bathroom remodels are not a cheap project.  In fact the average bathroom remodel can range anywhere from $10k to upwards of $50k depending on the size and amount of upgrades.  So when it comes to bathrooms and you are thinking of selling in the near future we suggest sticking with some minor updates: replacing fixtures, mirror, updated paint, re-do the caulking around your tub and shower, and replace the grout on your tile floor.

10.  Three or Four Season Porch
Again simply adding a three our four season porch gives you additional square footage and can even be considered another bedroom in some cases.  This is an easy win when it comes a return on investment.

No matter which project you choose, be careful not to over improve depending on your location.  If you are thinking of selling at some point in time you may not want to over spend as you may not reap the return based on other comps in your area.

Understanding Your Options in Today’s Real Estate Market

We are over halfway into 2017 and many of you have been hearing it’s a seller’s market.  The market is booming for sellers this is true and the vast majority of homeowners are in positive equity positions and yet many are staying put and inventory remains low. 

For those of you thinking of selling, you know that there is a good chance for profitability to get you into your next dream home but there may not be enough inventory for you to find that perfect home and just as home prices go up which can be good news on the selling side it can also mean higher prices for you when searching for your next move.  Though these statistics can be true that does not mean you should fear the housing market or feel the need to stay put in your home.

Understanding your option’s in today’s home market can be complicated but that is where we are here to help.  Our team can offer guidance from both the real estate and contractor side.  Here is what we can help you with:

  • Potentially thinking about selling and moving? Our team together can provide you an expert overview from a contractor and realtor perspective on everything you need to know to ensure you get TOP DOLLAR for your home.  This could mean some light remodeling/updating of your home to staging it properly.  These are things that if not done could cost you time on the market and dollars in your pocket.
  • And not only can we assist with getting your home ready to sell, but we can BUILD your next dream home, or find you a home to FIX UP to make it the home of your dreams. It’s not often you find these services as a package deal!
  • Not ready to sell or already in that perfect home but want to make your home your own. We hope that you will still contact us your LOCAL CONTRACTOR EXPERTSfor all your home renovations.

No matter what stage of life you are in we hope you’ll continue to consider the LakeWood brand as your go-to for home remodeling and realtor needs.  And as always we appreciate each and every one of you and are always so grateful for your support.

Regards,

Brandon and Lisa

Bathroom Remodel – What to Expect

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One of the more popular requests we receive here at LakeWood Homes & Remodeling are bathroom remodels.  Most starter and outdated homes come with your standard oak vanities, built in tub/shower combos and a standard vanity and mirror.  Bathrooms can be a great selling point when it comes to selling your home.  But most importantly a stunning bathroom is a great way to swoon your guests in your home.

So how much does a typical bathroom remodel run?  Well that is a great question.  On average our customers can expect to receive a bid anywhere from $8,000 for the most basic upgrades to upwards of $20,000+ for the extensive bathroom re-haul.

We recently took on a bathroom overhaul.  It was a smaller outdated master bath that was dying for some much needed TLC.  Small bathrooms can be a bit of a design challenge but with the right layout and design you can turn some of the smallest bathrooms into one of your favorite rooms in your home.

The clients had some specific requests: upgrade from a single vanity to a double, move the toilet to a more private location, upgrade the shower and tub and switch out the larger window to a smaller private one.  And so our team set to work.

Our team met with our clients and had an initial walk-through of what they can expect.  We asked the client to put together a collage of what they are looking for.  After we had all of the appropriate details our design team set to work.  We put together a few custom blueprints and talked through options with the clients.  Once we were able to get a finalized floor plan we provided a sample 3D image based on the design options our clients provided in their initial collage.  This gives our clients a chance to offer any feedback or final thoughts before the project begins.

The clients were looking for something bright and airy with bright white cabinets and a glass shower.  The previous window was a bit too revealing and the clients wanted a bit more privacy but still wanted the natural light.  So we shrank down the window and replaced with an egress window.

This bathroom was an amazing transformation from outdated to bright and modern.  Do you have a design idea in mind or a project you need help with?  Our team can help take your old drabby room and turn it into your new favorite room in the house.  Contact our team today.

For bathroom design inspiration, follow our Bathroom Design Ideas and Bathroom Projects boards on Pintrest.  Until next time…

– Brandon and Lisa

Our Story

Welcome to our blog. It is our sincere hope that we can utilize this blog to connect with our clients and followers. We are so appreciative of each and every one of you and are thankful for your support in launching our new company. So what better way to launch our first official blog post but to introduce you to our family and give you a bit of insight as to who we are.

Brandon is the owner of LakeWood Homes & Remodeling and has been in the general construction business for over 10 years. His attention to detail and incredible ability to think out of the box truly shows in his work. Brandon takes pride in his work and does not view each project as a job but truly takes time to get to know his clients on a personal level and listens to their wants and concerns to ensure they are 100% satisfied upon project completion. This is something he believes each and every one of his employees should view as well.

Outside of running LakeWood Homes and Remodeling, Brandon truly takes pride in his family and home life. We have two sweet kiddos Grayson (3) and Harper (10) months old. Family is first for us alongside our friends. We strongly believe in getting to know each of our customers on a personal level afterall you are inviting us into your home and we want you to feel entrusted in our work and know that each of you are important to our success.

We are truly excited about introducing LakeWood Homes & Remodeling to our community, friends and family. And we sincerely look forward to working with you in your upcoming home projects.

Sincerely,

Brandon and Lisa Stroud

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CONTACT US

LakeWood Homes & Remodeling

PO Box 446 Annandale, MN 55302

team@lw-homes.com

612-802-2822

        

 

©2018 Lakewood Homes & Remodeling, License ## BC709525

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