Real Estate February 6, 2024

Remodeling Projects to Avoid When Selling Your Home

 

It’s common for homeowners to feel compelled to remodel their homes before they sell. Renovating the spaces in your home can increase its value and help you compete with comparable listings in your area. However, some remodeling projects are more beneficial than others as you get ready to hit the market. Always talk to myself or another local agent to determine which projects are most appealing to buyers in your area.

When preparing to sell your home, you want to strike the right balance of upgrades. Making repairs and executing renovations will attract buyer interest, but you don’t want to dump so much cash into remodeling that you won’t be able to recoup those expenses when your home sells.

So, how do you know where to focus your efforts? Your agent is a vital resource in understanding your specific situation—I typically offer guidance to my clients on remodeling efforts that will help sell their home for the best price. Here are a few projects sellers will want to keep off their to-do lists for the best return on investment…

 

Major, Pricey Upgrades with Long Timelines

For any remodeling project, an analysis of your home’s value will be key to helping you determine its risk/reward potential (reach out if you’d like one for your home). This dynamic is especially important for big remodels and home upgrades, due to their higher costs. The latest Remodeling Cost vs. Value Report (www.costvsvalue.com)1 data for the Seattle area shows a generally negative return on investment for major, upscale remodeling projects—they only recouped about 25%-30% of their cost…

Cost vs. Value for Remodeling Projects in Seattle

These projects come with hefty price tags and longer timelines than minor repairs and upgrades, which can complicate factors as you prepare to sell, especially if you have a deadline to get into your new home. They have the potential to temporarily displace you from the property, meaning you and your household may have to find somewhere else to stay until the project is complete.

The Bottom Line: To go through with a major home upgrade before you sell, its schedule must fit with your moving timeline. It should also align with buyer interest in your local market. If the project doesn’t meet these criteria, it should be avoided.

 

Non-Permitted Projects & Building Code Violations

Before you decide to finish out the basement or make changes to your home’s wiring/structure/mechanical systems, it is important to make sure you obtain the proper city, county and/or state permits + inspections. Non-permitted square footage does not reflect on the county tax record and can lead to low appraisals when the buyer tries to get a loan. Obtaining permits also helps ensure your alterations meet the current building code—otherwise, you may face legal exposure should they create a safety hazard. Furthermore, any non-permitted remodels must be disclosed to the buyer on your Form 17 if you live in Washington State. The buyer’s mortgage lender may also have stipulations saying that the loan may not be used to purchase a home with certain features that aren’t up to code, which could lead to them backing out of the deal.

If you’re selling an older home, you’re not obligated to update every feature that may be out of code to fit modern standards. These projects are often structural and require a significant investment. If the violation in question was built to code according to the regulations at the time, then a grandfather clause typically applies. However, you’ll need to disclose these features to the buyer.

 

Trendy Makeovers and Upgrades

Lastly, it’s best to avoid remodeling projects that target a specific trend in home design. Trends come and go. Timeless design is a hallmark of marketable homes because it appeals to the widest possible pool of buyers. Keep this in mind when staging your home as well. Creating an environment that’s universally appealing and depersonalized allows buyers to more easily imagine the home as their own.

 

Wondering which remodeling projects might help your home sell? Reach out any time…I’m never too busy to discuss your options and offer advice based on the current market.

 


 

Windermere Mercer Island

 

We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2024, Windermere Real Estate/Mercer Island.

1©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

Adapted from an article that originally appeared on the Windermere Blog, written by: Sandy Dodge.

 

Real Estate August 16, 2023

5 Home Improvements That Will Boost Your Property Value

A home is the largest investment most people will make in their lifetime, so when it comes time to sell, homeowners often wonder what they can do to get the most return on their investment. Many have the misconception that remodeling is the way to go, but that isn’t always the case. Rather than going all-in on upgrading your home, you should know which home improvements are worth it, and which ones aren’t.

We’ve sifted through the research and come up with a quick list of five home improvements that’ll help buyers fall in love with your home when it comes time to sell.

 

1. Add a little curb appeal 

Curb appeal is critical. As the name suggests, it’s the first thing buyers see when pulling up to the front of any home so it needs to be in nearly pristine condition.

Landscaping can go a long way for a minimal upfront investment. Six rounds of fertilizer and weed control will set you back about $415, but when it comes time to sell, you’ll see a return on investment (ROI) of about $900 according to a 2023 survey by the National Association of Realtors.

Other improvements you can easily make to your curb appeal include:

  • Pressure wash the exterior
  • Liven up your front door with a fresh coat of paint
  • Replace hardware such as doorknobs and knockers
  • Install updated house numbers
  • Make your walkways pop with new greenery or flowers
  • Plant a succulent garden
  • Update your porch lights
  • Add a little charm with window flower boxes
  • Stage your porch

 

2. Convert your HVAC to an electric heat pump

According to the 2023 Cost vs. Value Remodeling Report, replacing an oil or gas furnace with an electric heat pump is one of the hottest trends (and offers an unusually high ROI of 104%). Their earth-friendly efficiency is especially appealing to younger buyers and those concerned about climate change. Additionally, they offer summertime cooling, which is a big bonus in the PNW given our recent hot and smoky summers!

 

3. Refresh your kitchen

While major kitchen renovations are costly and typically have low ROI, a little elbow grease and modest budget can give you big bang for your buck (see our article on simple kitchen makeover ideas).

Here are some smaller updates to boost your home’s value:

  • Clean
    • Organize your pantry
    • Use a little Murphy Oil Soap and hot water on all of your cabinets
      • Polish cabinets with Howard Feed-In-Wax
      • Tighten all hinges
    • Clean grout and tiles
    • Shine your sinks and hardware until you can see your face in it
    • Deep clean your stove
  • Give your kitchen a fresh coat of neutral paint
  • Update lighting fixtures, and replace light bulbs
  • Add new and trendy door hardware to your cabinets
  • Consider replacing your countertops with a hard surface like quartz or quartzite
  • Upgrade your appliances

 

4. Go green

Today’s younger generations are embracing eco-friendly living, and millennials are leading the pack. According to the National Association of Realtors’ 2022 Home Buyer and Seller Generational Trends Report, millennials make up the largest segment of buyers, holding strong at 43 percent of all buyers.

When it comes to attracting buyers who are willing to pay top dollar, going green makes sense. A Nielson study found that, of more than 30,000 millennials surveyed, 66 percent are willing to shell out more cash for conservation-conscious, sustainable products. Depending on where you live, consider installing solar panels, wind turbines, and eco-friendly water systems.

No matter where you live, attic insulation replacement and weather stripping are safe bets. Attic replacement costs can vary but typically have a good ROI. Weather stripping costs about $350 if you hire a professional, but you can easily DIY for a fraction of that cost.

 

5. Install hardwood floors 

Installing or upgrading hardwood floors is pretty failsafe as most buyers love it. Ninety-nine percent of real estate agents agree that homes with hardwood floors are easier to sell, and 90 percent of agents say that they sell for a higher sale price, according to the National Wood Flooring Association. Similarly, a survey by the National Association of Home Builders (NAHB) found that wood flooring was among the top 10 home features most desired by home buyers.

 

When it comes time to sell, I will help you get the highest possible ROI for your home. I can connect you with tried-and-true contractors, suggest strategic upgrades, and help you develop the right pricing plan based on up-to-the-minute market analysis. Reach out for a complimentary home value consultation.

 


© Copyright 2023, Windermere Real Estate/Mercer Island.
Adapted from an article that originally appeared on the Windermere blog November 12, 2018. Written by: Sarah Stilo with HomeLight.
Cost vs. Value data ©2023 Zonda Media, a Delaware corporation. Complete data from the 2023 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

Living & Trends February 24, 2022

2022 Home Trends

Hello 2022! Life in the new normal goes on, and with it continues a trend toward all things natural and nostalgic. We’re still seeing the Scandinavian concept of “hygge” live on in warm accents and cozy textiles, but with a newer emphasis on “perfect imperfection” (known as “wabi-sabi” in traditional Japanese art). Irregular curves, handmade decor, and mismatched kitsch are slowly creeping in on the cleaner lines of minimalism. With it comes an earthier palette and an emphasis on sustainable and reclaimed materials…

 

 

#1: Biophilic is the Buzz Word


What started with a houseplant trend has bloomed into a full-blown biophilic craze–borrowing from a design concept centered around bringing the outdoors in
. Now plants are going beyond the pot into integrated indoor gardens, floral ceilings, greenery-inspired motifs, and plant-focused decor/furniture all designed to create a visual connection with nature. We’re also seeing a focus on natural lighting and fresh air, with folding window walls and alfresco living spaces increasing in prominence.

Looking for a houseplant refresh? Try a sansevieria (a.k.a. Snake Plant)–not only is it easier to care for than last year’s fiddle leaf fig, a NASA Clean Air Study found that it’s capable of removing pollutants such as formaldehyde, xylene, and toluene from the air in addition to CO2.


 

 

#2: Curves Ahead...and Overhead

 

Another extension of the nature trend, organic curves are gradually usurping the sharper geometric shapes of recent years. From curvy, retro furniture to barrel-vaulted ceilings and archways, design is taking a softer turn. A recent Pinterest report also showed trending searches for curved walls, bars, and kitchen islands.


 

 

#3: Down to Earth Colors & Textures


Shades of green and warm neutrals are the “it” home colors for 2022, shifting a bit away from cooler whites and steel greys. Rich earth tones such as camel and terracotta are cropping up as accent colors to promote that cozy, hygge vibe. Nature-inspired blue also remains in the palette.
We’re seeing a continued turn toward earthier gold and bronze metal hardware (in addition to contrasting black).

Layers of texture follow the earthy trend—look for natural linen and bouclé textiles, along with a mix of wood, leather, metal, and stone for furniture and accessories. Textured walls are also trending with faux plaster and limewash paint on the rise.


 

 

#4: Flexible Open Spaces + Extras


Open floor plans still reign supreme (even post-quarantine), but all that working from home has made us think about how we can make our spaces more adaptable.
Pocket doors, decorative screens, and kitchen islands are being seen as a way to create some division without permanently disrupting flow or line of sight.

Multi-functional furniture and rooms are also increasingly popular. Whether it’s a desk placed behind the living room couch, an ottoman with a pull-out desktop, or an integrated nook, the concept of “entangled” spaces without clear use delineations is something many people are embracing.

As an add-on to flowing public spaces, private “emotional escape rooms” are one of Pinterest’s predicted trends for 2022. Tiny library rooms, music-themed rooms, and massage rooms are all trending in searches. Home theaters are making a comeback after previously being eschewed for taking up too much space. Yoga studios and intimate lounges are also appearing more frequently on architectural wish-lists.


 

 

#5: Thoughtfully Curated Character

 

As supply issues have limited the supply of new furniture and decor, consumers are turning to high-quality vintage and flea market finds for a trendy, sustainable alternative. People are also infusing their personality into a more “maximalist” design concept with gallery walls full of favorite art/photos, richly patterned rugs, antique statement pieces, and favorite objects (such as guitars) incorporated into their decor.

Consumers are also putting more thought into the ethics of what they buy and where they buy it—especially as younger eco-friendly generations begin to purchase and remodel homes. Sustainable materials and energy-efficient products are in higher demand than ever. Reclaimed, locally sourced, and responsibly made furnishings are also trending in popularity.


 

Need an easy refresh? Try adding throw pillows, blankets or artwork in hues from Pantone’s Spring/Summer 2022 color palette. For paint inspiration, check out the latest trends on Sherwin-Williams’ blog.

 


 

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

© Copyright 2022, Windermere Real Estate/Mercer Island.

Living & Trends December 15, 2021

Pro Lighting Tips to Brighten Your Home

As we approach the darkest days of the year, a few tweaks in your interior lighting scheme can brighten your home (and your mood) from the inside out. Here are some great tips from Real Simple for a lighting scheme that is flattering and functional…

 

Key Tips

  • Use a combo of overhead and up lighting for a brilliant, flattering effect
  • Include functional task lighting tailored to how the space is used—here are rules of thumb for wattage equivalents to use:
    • Reading: 40-60 watts with minimal glare
    • Work space: 60 watts max for a desk lamp, with additional soft lighting no brighter than the computer screen
    • Makeup: 60-80 total watts of light (two 40-watt side sconces, or a few 25-watt vanity bulbs)
  • Dimmer switches allow you to adapt lighting for multiple uses, while also saving energy and increasing bulb lifespans—newer smart plugs, switches and bulbs are an affordable and easy way to do it with added benefits like automation and color tuning

 

Living Room

  • Use a variety of upward glow for ambience + downward glow for reading
  • Light three corners of the room and focus one of the lights on a beautiful object or chair
  • Consider smart bulbs/plugs that allow you to adjust brightness and tone, especially if you also watch TV in this room

 

Dining Room

  • Showcase the table with a chandelier or pendant placed 36-48 inches above its surface, with a max of 100 total wattage equivalent
  • Avoid shadows on faces by choosing a fixture that is 1/2 to 3/4 the width of the table
  • Supplement with more dim, indirect lighting such as table lamps, sconces, or battery powered votive candles

 

Kitchen

  • Overhead lighting works best to illuminate work spaces—think pendants, recessed lighting, and under-cabinet lights
  • Place pendants about 36-48 inches above the countertop, spaced evenly beginning 12-15 inches from either side of the island, peninsula, or table

 

Bedroom

  • Position bedside lamps so that the bottom of the shade is 16-18 inches above the top of the mattress (a lamp that is 26-28 inches tall including the shade is usually a good bet)
  • Soft and cozy is key–angle any bright directional lighting away from the bed, and add one or two small lamps with warm, dim bulbs for a candlelight feel
  • Dimmers or smart bulbs work well here, too!

 

Baths

  • Sidelights—such as sconces—are great for makeup and should ideally be about 36-40 inches apart to evenly light your face
  • Position side fixtures about 60-65 inches up from the floor, or so that the bottom of the shades are just below eye level
  • Overhead lights provide good additional illumination for showering or cleaning
  • If your bathroom is large, consider a direct overhead light for the shower

 

 


 

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We earn the trust and loyalty of our brokers and clients by doing real estate exceptionally well. The leader in our market, we deliver client-focused service in an authentic, collaborative, and transparent manner and with the unmatched knowledge and expertise that comes from decades of experience.

2737 77th Ave SE, Mercer Island, WA 98040 | (206) 232-0446
mercerisland@windermere.com

© Copyright 2021, Windermere Real Estate/Mercer Island.

Living & TrendsReal Estate March 15, 2021

The Four Phases of Remodeling

As with anything in life, a remodeling project can come with its ups and downs. Certain phases seem to go a mile a minute, while others feel like they’ve lasted a lifetime and a half, all while it looks as though nothing is being completed. Fear not—this is pretty typical. And, while every project is different, a good portion of renovations have four major phases, what I’m calling the Honeymoon, the Midproject Crisis, the Renewal of Vows and the Happily Ever After…

 

 

Phase 1: The Honeymoon Stage

 

After weeks of searching for a remodeler in your area, calling references and working toward an agreeable price, you say, “I do,” sign the contract, finalize the design and begin work in two weeks. There’s a little nervousness in the air, but as you enter the Honeymoon phase, the mood is mainly one of excitement.

 

Demolition Begins

Normally one of the quickest moving stages of a remodel, demolition makes it look as if a lot of work is being done practically overnight. Cabinetry is removed, walls are torn down, appliances are taken away and, in a matter of days or weeks (depending on the size of your project), you’re staring at a blank canvas.

After that, any necessary framing and structural work will begin. Framing usually isn’t as exciting or fast-paced as demolition, but still, there is visible progress almost daily. At this point, you and your partner are walking on air. The rate of work is astounding, and you’re still very excited (although maybe a little less nervous now) about the entire project.

 

Speed Bumps Ahead!

Like a delayed flight on a real honeymoon trip, there are obstacles that can slow down this phase, specifically during demo:

  • Discovery of toxic materials like lead or asbestos
  • Building permit delays
  • Unexpected structural elements (like pipes) revealed during demolition

Don’t panic. These delays happen often, and it’s worth accounting for and accepting these hurdles before you even begin to think about renovating.

 

Rolling With the Punches

Here are a few tips to help your honeymoon run more smoothly:

  • Embrace change. Really. Give change a huge hug. Get to know it on a personal level. Because no matter what room you’re touching (whether it’s the kitchen or a teensy guest bath), it’s likely that you use that room daily. The sooner you accept that this room (major or not) will be unavailable for a period of time, the sooner you’ll be able to adapt your daily routines to fit around it.
  • Love your microwave. This applies to kitchen remodels specifically. As soon as demo is done, your primary cooking and eating area will be gone. Before your project starts, find an untouched room in your home to create a mini kitchen that will include necessities such as a microwave, toaster oven and coffee pot. Think of it as the mini kitchen you had in your dorm or apartment in college and revel in the nostalgia.
  • Don’t worry too much. I know this sounds hard—OK, really hard, especially for control freaks like me—but trusting your building professionals to know what they’re doing (even if you do come across one of the aforementioned speed bumps) will really help you keep your head on straight. And if you do have questions or concerns…
  • Communicate! I cannot stress it enough. Talk with your contractor, talk with your
    significant other—talk, talk, talk. Ask questions, bring up budgetary concerns, muse over paint colors. Whatever is on your mind, getting it out of your head and into the air is beneficial for everyone involved (especially you).

 


 

Phase 2: The Midproject Crisis

 

Similar to a Midlife Crisis, the Midproject Crisis is full of sobering questions: What’s my contractor doing? Are we still moving forward as planned? Was this really all worth it? And of course: What is the meaning of life? Fear not: Progress is still occurring, even if it’s not as obvious as demolition was.

Typically, once demolition and framing is finished (the Honeymoon Phase) and before sheetrock is put up, mechanicals will begin. (This probably is referred to as “mechanical rough-in” or “mechanical rough” by your contractor.) Mechanicals refer to the guts of the house: electrical; plumbing; and heating, venting and air conditioning (HVAC). Like our own guts, most of the work done during mechanicals occurs behind the scenes:

  • Electrical: The groundwork for all new light fixtures, outlets, switches and appliances will be done during this phase. New wiring will be run in the walls and ceilings, electrical boxes will be installed for future fixtures, and electrical panels may be upgraded so they can handle heavier loads (this is especially prevalent in remodels where appliances are added). At this point, electricians are making sure that everything that will need power will have access to it and meet your municipality’s building code.
  • Plumbing: As with electrical, plumbing rough-in ensures that all plumbing fixtures, appliances and other water features will be supplied with water, gas (if your house uses natural gas) or both. So pipes may be moved or installed in new places, shower pans (the things that make sure the water stays in the shower) are installed and inspected, and gas lines may be moved, extended or even put in.
  • HVAC: Unlike electrical and plumbing, HVAC is the only mechanical where nearly all the work is completed during the rough-in stage. Pathways for new vents (for bath exhaust fans or kitchen vent hoods) are determined and vents are installed, air conditioning units may be replaced, and air return vents are located in appropriate positions.

More Bumps

It’s around this time that I’ve often seen homeowners concerned about progress. Yes, plumbers are there, but where are the new sinks? Why isn’t there a single light fixture installed yet? Is the HVAC guy even working, or is he just taking a nap in the attic?

The other contributing factor to the crisis is the fact that any speed bumps that crop up during this phase take a bit more time to resolve. Overall, the placement of existing framing is the biggest obstacle in mechanical rough-ins.

Another obstacle is the condition of existing mechanicals. Any wiring, plumbing or venting that is found to be damaged, dangerous or just not up to par with your municipality’s building code will likely need to be remedied.

If your job is permitted, inspections for mechanicals will occur during this stage. City building inspectors are well known for being thorough. If you don’t have everything just right (which ultimately is good, because they’re looking out for your safety), they will not hesitate to make your contractor fix the issue before any work can continue.

Communication is key to getting through the Midproject Crisis. I know it may be tempting to ask for advice from neighbors and friends, but in the end, the person with the most knowledge about your project is your building professional. See if you can get on your contractor’s schedule for a recurring biweekly meeting. It will help make the Midproject Crisis less of a crisis and more of an extended honeymoon.

 


 

Phase 3: The Renewal of Vows

 

Yay, you’re halfway there! After weeks (or months) of being in a state of disarray, everything you’d hoped and dreamed about is coming true and you’re feeling ready to say “I do” to your contractor all over again. This is what your contractor will probably refer to this as the “finish out” or “trim out” phase—finishing and beautifying what was started in the first couple of months. Here’s what happens:

  • Sheetrock. Holes made during rough-in will be patched, new Sheetrock will be put up at any new walls or ceilings, and texture will be applied to make your walls look like walls again.
  • Trim carpentry. There are a few different types of trim that may be installed at this phase: baseboard (which runs along the joint where the bottom of a wall meets the floor), door and window casing (which is installed around the perimeters of doors and windows) and crown molding (which is run along the joint where the top of a wall meets the ceiling). Trim is purely optional — some more contemporary designs forgo it entirely — but it is meant to create a finished, unified look.
  • Cabinetry. The installation of cabinetry is usually around the time when I see a little glimmer come back into a homeowner’s eyes. This is when the kitchen starts looking more like a kitchen, but it’s also when you can visualize how your other storage pieces, such as built-ins and bathroom cabinets, will change the function of your home.
  • Electrical and plumbing trim. This is the other big “wow” that comes with the finish-out phase. A master bathroom can start to look completed when tile and cabinetry is installed, but throw in a freestanding tub and a shower full of rain heads, handheld fixtures and a steam unit, and suddenly you’re not looking at a mostly done, unidentifiable space—you’re looking at your master bathroom. The same goes for electrical items like decorative light fixtures or appliances. Seeing new stainless steel (or whatever your preferred finish is) appliances being brought into and installed in your kitchen make most people go starry-eyed and drool a little. No judgment here—I’ve done the same.
  • HVAC trim. I mentioned in the last installment that most HVAC work is done during the rough-in stage, so what is left? Essentially, all that needs to be done is the installation of vent covers and thermostats and maybe a little tweaking of the air-conditioning system. Nothing too exciting, but it should be noted nonetheless.
  • Miscellaneous. Like I said, there is a lot that can be going on during the trim-out stage. Flooring—such as carpet, wood, tile or laminate—will be installed. (Flooring installers are known for insisting that they be the absolute last people to work on a house). Tile will go up in showers and as backsplashes. Countertops will go in. Priming and painting of walls, ceilings, trim and cabinetry will be completed. A little landscaping may even be done.

I’ve harped repeatedly about how communication is key, and this still rings true during the Renewal of Vows stage. But patience is also important.

As you see new things being carried in and installed, it can be so tempting to begin moving back into your new space or using your new kitchen. But your contractor may still need some time and space to work.

There are last-minute items that will ultimately guarantee your satisfaction that need to be taken care of before you and your family can begin enjoying your new remodel. So hang in there, and your patience will be rewarded.

 


 

Phase 4: Happily Ever After

 

During this Happily Ever After stage, finally, the work is done! At last, there are no more nail guns and saws and vacuums making noise in your house. After months of destruction and disarray, it’s time to move back in and enjoy your home, sweet home, for the rest of your days (or at least until you sell it or remodel again). And though most of this phase is just you at last having the chance to enjoy the fruit of your general contractor’s labor, there are a few odds and ends that your contractor will be taking care of to make sure your Happily Ever After really lasts forever:

  • Cleaning. This probably will happen before you move back into your home (or at least it should). Since day one of demolition, dust and debris have been thrown into the air and, much to your contractor’s chagrin, have crept into other places in the house that weren’t touched in the remodel. Now’s the time to do an all-inclusive clean. No, the cleaners won’t do your laundry for you, but they’ll do just about everything else, from polishing the floors to dusting the ceiling fans. The end-of-project clean is like a cleansing spa day for your home.
  • Final walk-through. The last walk-through ensures that you are completely satisfied with everything—and I mean everything—in your home. This is where you will have the chance to sit down and bring up all the odds and ends that you feel need to be addressed. This can be anything from “this faucet isn’t on straight” to “there’s a scratch on the new fridge” to “my shower isn’t draining correctly.” Contractors may vary on when they hold a final walk-through, but in my experience, it’s scheduled after the homeowners move back in and have a chance to use the new space. Your contractor should’ve caught just about everything during his or her own informal walk-throughs throughout the remodel, but sometimes there are items that just don’t come to the surface until a house is lived in.
  • Warranty begins. Most builders and remodelers have a warranty for their projects. The length and amount of coverage can vary, of course, but what remains constant is the promise to stand behind their work for any unforeseen circumstances that arise and need addressing. (Side note: If you’re looking at contractors right now, ask them about their warranty. This can be very telling of how they conduct their business. The more that contractors are willing to warrant their work—or the longer the warranty—the more effort they will put into getting the job done right the first time.) For some contractors, the warranty formally begins after the final walk-through is hosted and the last payment is received. After that, some will stand behind any light fixtures that fizzle, appliances that break, tiles that come loose—you name it. In an ideal world, everything would work right the first time, and it would work right forever. In our world, however, there are bad manufacturing batches and recalls and oversights that may need to be taken care of. Fear not. If you have selected the right remodeler, these issues will be handled.

What else is involved in the Happily Ever After? Absolutely nothing. Take a deep breath in, let it out, look around your new place and smile, knowing that it’s all yours, to have and to hold from this day forward, for better, for worse, for richer, for poorer, in sickness and in health, to love and to cherish till death do you part. You get the picture.

 


©2021 Windermere Real Estate / Mercer Island. Adapted from an article series originally published on Windermere.com.

Living & TrendsReal Estate February 7, 2019

Should I Move or Remodel?

Remodel or Move?

 

There are a number of things that can trigger the decision to remodel or move to a new home. Perhaps you have outgrown your current space, you might be tired of struggling with ancient plumbing or wiring systems, or maybe your home just feels out of date. The question is: Should you stay or should you go? Choosing whether to remodel or move involves looking at a number of factors. Cost vs. value is a big consideration—check out the chart below or click here to view Remodeling Magazine’s full 2019 Cost vs. Value Report showing the cost and resale value of 21 projects in the Seattle area.

 

Cost vs. Value Chart for Common Remodeling Projects

 

Here are some things to consider when making your decision…

FIVE REASONS TO MOVE:

1. Your current location just isn’t working.

Unruly neighbors, a miserable commute, or a less-than-desirable school district—these are factors you cannot change. If your current location is detracting from your overall quality of life, it’s time to consider moving. If you’re just ready for a change, that’s a good reason, too. Some people are simply tired of their old homes and want to move on.

2. Your home is already one of the nicest in the neighborhood.

Regardless of the improvements you might make, location largely limits the amount of money you can get for your home when you sell. A general rule of thumb for remodeling is to make sure that you don’t over-improve your home for the neighborhood. If your property is already the most valuable house on the block, additional upgrades usually won’t pay off in return on investment at selling time.

3. There is a good chance you will move soon anyway.

If your likelihood of moving in the next two years is high, remodeling probably isn’t your best choice. There’s no reason to go through the hassle and expense of remodeling and not be able to enjoy it. It may be better to move now to get the house you want.

4. You need to make too many improvements to meet your needs.

This is particularly an issue with growing families. What was cozy for a young couple may be totally inadequate when you add small children. Increasing the space to make your home workable may cost more than moving to another house. In addition, lot size, building codes, and neighborhood covenants may restrict what you can do. Once you’ve outlined the remodeling upgrades that you’d like, a real estate agent can help you determine what kind of home you could buy for the same investment.

5. You don’t like remodeling.

Remodeling is disruptive. It may be the inconvenience of loosing the use of a bathroom for a week, or it can mean moving out altogether for a couple of months. Remodeling also requires making a lot of decisions. You have to be able to visualize new walls and floor plans, decide how large you want windows to be, and where to situate doors. Then there is choosing from hundreds of flooring, countertop, and fixture options. Some people love this. If you’re not one of them, it is probably easier to buy a house that has the features you want already in place.

FIVE REASONS TO REMODEL:

1. You love your neighborhood.

You can walk to the park, you have lots of close friends nearby, and the guy at the espresso stand knows you by name. There are features of a neighborhood, whether it’s tree-lined streets or annual community celebrations, that you just can’t re-create somewhere else. If you love where you live, that’s a good reason to stay.

2. You like your current home’s floor plan.

The general layout of your home either works for you or it doesn’t. If you enjoy the configuration and overall feeling of your current home, there’s a good chance it can be turned into a dream home. The combination of special features you really value, such as morning sun or a special view, may be hard to replicate in a new home.

3. You’ve got a great yard.

Yards in older neighborhoods often have features you cannot find in newer developments, including large lots, mature trees, and established landscaping. Even if you find a new home with a large lot, it takes considerable time and expense to create a fully landscaped yard.

4. You can get exactly the home you want.

Remodeling allows you to create a home tailored exactly to your lifestyle. You have control over the look and feel of everything, from the color of the walls to the finish on the cabinets. Consider also that most people who buy a new home spend up to 30 percent of the value of their new house fixing it up the way they want.

5. It may make better financial sense.

In some cases, remodeling might be cheaper than selling. A contractor can give you an estimate of what it would cost to make the improvements you’re considering. A real estate agent can give you prices of comparable homes with those same features. But remember that while remodeling projects add to the value of your home, most don’t fully recover their costs when you sell.

 


ABOUT WINDERMERE MERCER ISLAND

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© Copyright 2019, Windermere Real Estate/Mercer Island. Text originally posted on Windermere.com. Remodeling data © 2019 Hanley Wood Media Inc. Complete data from the Remodeling 2019 Cost vs. Value Report can be downloaded free at www.costvsvalue.com.