Cost Vs. Value 2019
Every year a cost versus value sheet is released on to the masses so that we know what the National & State averages are to doing things like windows and doors to an upscale Kitchen or Bathroom remodel. There are multiple reasons why we at Cabinets Extraordinaire pay attention to these articles. One is of course to see where we are on the scale with other builders doing similar projects that we also handle. It is a great way to see who is practicing within the averages of pricing throughout the Nation. When you, as a client, are presented these documents, it can be a real eye opener of what things cost in today’s market. So, when you are contemplating any type of project it can help you decide on what type of budgeting you can expect and begin the process for you to wrap your mind around where you want to be with your targeted budget.
For example, what does your average guest bathroom cost and what is included for that price.
Your average guest Bathroom is at an average of $18,500
That would include an update to a 5’ x 7’ room with new updated fixtures that includes a porcelain over steel tub with 4” x 4” ceramic tile surround. New single lever temperature and pressure balance control valve; granite type countertop with drop-in sink. A standard new toilet. Flooring with either a 12” x 12” ceramic tile or vinyl type flooring.
A Custom or Upscale Master Bathroom remodel cost are at an average of $60,500
That would include adding 35 Sq. Ft. to the existing room within the existing property footprint. Relocation of all plumbing fixtures. Includes removing of soaking corner tub and enlarging the shower. New porcelain shower surround floor and wall tile including frameless shower glass enclosure. Free-standing tub with floor mounted tub filler. Granite or Quartz countertops with high-end faucets and sinks. Two mirrored medicine cabinets with a new lighting package. Also, it could include items like heated floor or heated towel bars. Multiple tile designs within the space. The cabinetry would be of a custom variety with options like drawers or an integrated hamper, a salon type drawer pull-out. You get many more options with this type of space and budget.
Here are a couple more items that show averages in the Sarasota area.
These are costs that can fluctuate from project to project depending on the cost of items selected on a per job basis. We wanted to try to be helpful and set an example of preliminary budget numbers that a client can review when preparing to start a renovation.
Also, I wanted to just explain to people why we work on a retainer. One of the things you get when working with us, is the concierge design service we offer. Remember, this is not in addition to the contract but part of the included investment when doing business with us. We are a team of award winning, multi-published Designers who will work tirelessly to nail down the overall design right through to the many fine details that are required when operating at the level at which we strive to provide in our service.
No where else will you find that type of service for FREE!!! Every penny of the retainer is applied to the contract at time of signing.
WE love being transparent with our clientele so that you too know what is happening on daily with you project. Thank you for reading and we hope this helps with your decision when hiring a Licensed Contractor for your DREAM Project.
Unless you are an investor or a millionaire having stakes in many businesses, a home would be the largest investment that you would make in a lifetime. For most families in the United States, buying a home takes years of savings and then years of repaying the mortgage. The last thing any family or homeowner would want is to watch the value of their home getting depreciated.
Any investor or a financial planner will tell you that protecting the value of any investment is not the most rational or wisest strategy. The objective should be to improve or enhance the value of your investment. In this case, you should improve the value of your home and not try and preserve the value at which you bought it. The only appreciation that you would notice would be the natural inflation of prices of the land the home is built on. The home, including the foundation, fixtures and different structures, will witness a depreciating value. That is unless you do something and take charge of the reins.
Here are two simple ways which are also the best ways to improve the value of your home.
Many homeowners or property owners intentionally opt for bathroom remodeling in Sarasota just before listing the home for sale or before getting the home evaluated for a value appreciation. Bathroom remodeling in Sarasota has become a trend for property sellers but whether or not you wish to list your property for sale, you can still indulge in the exercise. In addition to improving the value of your home, bathroom remodeling in Sarasota will also allow you to opt for latest energy saving plumbing fixtures, unique designs and modular fittings that will help you to have more space in your bath areas and you can at the same time watch the value of your home getting appreciated.
With kitchen remodeling Sarasota residents can enjoy substantial value appreciation of their homes. When families buy a home or when markets assess the value of a home, kitchens are given a lot of importance because it is one place in the property that would be the host of several activities. Kitchen remodeling in Sarasota would allow you to have cool designs that are innovative and state of the art and will offer you the luxury to opt for new cabinets that are multipurpose and thus more helpful. In a nutshell, with kitchen remodeling Sarasota families can themselves enjoy a much better kitchen and at the same time get rewarded substantially by the appreciated value of the property.