Monthly Archives: November 2015
In one offshoot of the environmental movement, followers seek to create the smallest possible ecological footprint, seeking to live in homes no more than 100 square feet for an entire family. Seen in the context of the way the average American kitchen home has grown from a mere 1,000 square feet 30 years ago to more than 2,400 square feet in the year 2010 (even as the average family has shrunk by 30%), it does make some sense to downsize.
Fortunately, a trend towards reasonable home sizes is beginning to become apparent. In the year 2014, the size of the average home shrank by about 15%. Architects expect the trend to persist.
Smaller homes are a healthy trend
Smaller homes attract lower mortgage payments, lower insurance, lower taxes and lower utility bills. You also save money in decorating and maintenance expenses. Buying too small a house isn’t a good idea, though. If you can never have enough room for a home office or for personal space, it will tell on your productivity.
How do you find just the right size?
The mistake that most people make estimating the size they need their home to be is to think no further than the number of family members they have at the moment, and to think of needs no greater. It’s important to think long. People tend to change and develop new interests. A home needs enough space to accommodate the expanding needs of the family.
It’s important to consider hobbies, lifestyle needs, and future plans such as a home business. You’ll need a separate room for someone who practices on the piano, or perhaps starts a band. A large garage can accommodate not only extra cars as they are acquired in the future, they can be a good idea for a home business or for extra storage space.
One of the best ways possible of arriving at a decent estimate can be to look at your current home and think of what you would want to add to it or subtract from it.
What works for most people?
Whatever home size you actually need, it’s important to consider what the market can support, as well. While you might be very happy in a very large house or even a very small one, it makes sense to consider what home sizes are most popular. When you’re ready to move on, you don’t want to find that the home you have is a size no one is interested in. Today, according to Carpenter Realtors, Carmel, IN, most homes for sale come on the market at around 1,500 square feet. Buying a home not much larger or smaller can make for an easier sale.
Home improvement may be the first thing you want to put your money into, but with home values back on the rise, a little money put into your home can turn into a lot of added value. The three most worthwhile home remodeling projects are cabinets, countertops, and flooring. These three projects have a very large effect on the visuals of the home and are upgrades that you only have to make once.
Cabinets have the ability to give a room an entirely new feel and layout. If your kitchen is too cramped and not open to the rest of the house, an elegant cabinet layout could solve all your problems. New cabinets also have features that make daily life easier, such as soft shut technology, innovative storage options, and even integrated USB hubs and televisions. New cabinets in an entire home will cost anywhere from $7,000 to $15,000 depending on the manufacturer and size of the rooms, but a clean stripping, new coat of paint on the cabinets, and new handles could suffice for thousands less.
Countertops are what always catches your eye when you walk into a home for sale. If the countertops are old and worn, the whole space feels unkept and not well cared for. Countertops come in a wide array of materials and colors, from manmade to natural stone, the options available to homeowners are endless. There are even countertops now being manufactured from recycled paper, recycled granite, and even volcanic rock. New countertops for a home will cost anywhere from $2,000 to $10,000 depending on product chosen.
Look at aesthetics outside of the home for areas that can add value as well. Future buyers are likely to change something within the home upon buying at some point anyways. So investing in a front or backyard remodel can be appealing for a potential buyer to not have to invest in additional landscaping on top of the new home purchase. But if you want to remodel for your own pleasure, work with the room you’ve got and lay out some new patio tile or stain the existing cement. Top it off with luxurious patio furniture sets and some shaded areas and you’re set for year-round entertainment.
Hardwood Flooring is the final home remodeling project that will drastically increase the price of your home. Flooring composites today are more durable and inexpensive then they used to be, and are also easy for the homeowner to install themselves. Most hardwood engineered flooring has a unique tongue and groove joint that makes it possible to quickly and efficiently install. The wide range of colors available also matches any decor. New flooring in a home can cost anywhere from $3,000 to $8,000.
Your home is a big investment, and the care put into it by improving cabinets, countertops and flooring will increase its value a great amount. If you are not selling soon, the investment will still be there and potentially grow as time passes. No matter the reason for renovation, it is certain that you will not lose money on these three types of home renovations.