Exploring Home Remodel ROI

According to a new study published by “Today’s Homeowner,” most home improvement projects do not necessarily pay for themselves. To calculate a homeowner’s Return on Investment (ROI), researchers estimated the total value of certain improvements added to a home based on its sale price. Then, they divided the extra value by the project’s average cost. 

Only one out of 34 different remodeling projects in 70,000 homes broke even: replacing a garage door. Some other improvements did come close to breaking even, however. Wood windows came in with an estimated 96 percent of the cost, and a screened-in porch was 93 percent. Replacing wooden decks with composite was another higher ROI, at 87 percent.

For all projects, the average was 69 percent ROI. Finishing a basement had the smallest ROI, at a mere 23 percent. For the right buyer, though, finished basements make all the difference. 

Home improvements and repairs are expected to jump to $485 billion in 2023, with kitchen and bathroom renovations returning up to 75 percent of costs. 

While the outlook might look grim, resale price is only one way to measure value. If a home renovation increases energy efficiency or reduces insurance premiums, it’s an ROI, but differently.  

When it comes to kitchens and bathrooms, the best value for ROI is countertops and appliances, according to the study. Smaller kitchens tend to have a higher ROI than larger ones. 

Are you thinking about remodeling your home or office? For premier, top-quality work, contact JFC Remodeling for a free estimate. 

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

Big Home Renovation Trends to Watch in 2023

With homeownership comes the ability to make it your own. Adding your own personality and following design trends throughout your home can make a huge impact. Remodeling your kitchen, updating your bathroom, installing a fence, updating plumbing or HVAC, etc., can boost your home’s comfort for years to come.

Renovations in the new year are expected to be more mechanical versus cosmetic due to the rising cost of materials and high inflation. When choosing between fixing a broken fence or repairing a burst pipe, homeowners are expected to select the more critical option. 

Here are some forecasted trends on the horizon for 2023:

Home Offices
Following the pandemic, many people continue to work from home. Renovating home offices is expected to continue on trend throughout 2023. For professionals who own businesses, the convenience of being at home outweighs purchasing or renting a commercial space.

Energy Efficiency
As an increasing number of people reduce their carbon footprint, the eco-friendly aspects of a home are expected to rise. The Inflation Reduction Act incentivizes homeowners to craft energy-efficient home updates in 2023 with the Energy Efficiency Home Improvement Credit. Experts project a monumental shift toward solar energy this year by installing subsidized solar panels. Increasing utility bills have caused many homeowners to seek smart HVAC systems to monitor and track their usage and spending. Adding insulation and installing energy-efficient appliances, low-flush toilets, etc., are expected to be trendy in 2023. 

Outdoor Living
Piggybacking on our first trend of more homeowners spending time at home, many people are seeking to maximize livable space. Decks, patios, gardens, outdoor kitchens, pools, and other outdoor amenities are expected to rise in 2023 as homeowners look for comfortable and functional options to complement their at-home lifestyle.

Multi-Dwelling Residences
Rising interest rates and real estate costs are being shared between new homeowners who want to split their home into multiple residences. Multi-generational living is expected to be a huge trend in 2023, as the economy has shifted and an increasing number of children are going back to live with their parents, or aging parents are opting to move in with their grown offspring. 

Are you thinking of updating your home to include a dedicated home office, improve efficiency, update your kitchen, or more? Contact the home renovation experts at JFC Remodeling today. 

____________________

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

Age at Home: Home Upgrades

As people age, issues with health and mobility can impair everyday life. Independent living at home can be challenging, depending on the situation. Nursing homes or assisted living facilities are not always an option or preferred. Most adults aged 50 and older want to stay in their own homes rather than transfer to a new place; however, most houses need modifications to accommodate them. 

The good news is that several low-cost investments can help older adults remain in their homes. Even small renovations can have a significant impact on ensuring that the home front remains safe for people of all ages.

Stability Bars
Preventing falls is a major priority for seniors, and stability bars are perfect for maintaining balance in the kitchen, bedroom, and bathroom. 

Increased Lighting
As we age, our vision declines, which could lead to slips, trips, falls, and other accidental injuries. Smart lighting and other technology that allows lightbulbs to turn on automatically or with a mobile button can lead to fewer mishaps.

Shower Seat
Wet, slick surfaces, soap, and more can lead to trouble for older adults. Shower seats are easy to install and allow people to bathe in a seated position instead of standing up, minimizing the risk of slipping and falling. 

Flat Flooring
It might sound obvious, but refinished hardwood floors with a matte appearance can help minimize glare and reduce accidental falls. Depth perception is huge when it comes to aging eyes. Carpeting can also minimize impact. Use non-slip floor mats in high-traffic areas whenever possible.

Secure Fixtures
Keep all loose cords secured and tucked away to minimize the chance of tripping. Ensure all loose handrails or staircase railings are tightened and strong. All rugs should have non-skid pads underneath, and surfaces should be free of clutter so they can be grabbed for stability as necessary.  

More extensive renovations such as widening doorways, adjusting countertops and shelving, and installing a full bathroom on the main level may also be necessary. Assess and plan for your current needs and try to implement scalable solutions, so your home grows with you. And always consult with a recommended professional who can provide you with price and timeline estimates.

Looking for aging-in-place home upgrades? JFC Remodeling is licensed and insured, with over 30 years of experience! Call for an estimate today. 

____________________________

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires an improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/ 

Key Criteria for Hiring Home Contractors

When it comes to home renovations, it’s imperative to hire a professional team you trust. Since remodeling is not necessarily within many homeowners’ skill sets, understanding how to hire the right company may seem daunting. 

If your project is extensive, hiring a general contractor will be your best bet, as they will lead a team of electricians, carpenters, plumbers, etc., and ensure that the project runs efficiently and smoothly.

Try to find contractors who are highly recommended by neighbors, friends, and online groups. Make sure you meet with more than one company to find the most competitive bid. Bear in mind the lowest bidder may not necessarily be suitable for your needs; reference their experience, timeline, and the quality of materials used.  

General contractors keep subcontractors on schedule, ensure they meet deadlines, and provide high-quality work. Before hiring a contractor, gain insight by asking them questions about their licensing, past experience, and more. 

Insurance and Licensing
Subcontractors and contractors should both be licensed and insured. Depending on where the property is, there might be clear requirements for contractors. All relevant licensing and insurance documents are subject to approval before work can begin. 

References
Satisfied customers are typically more than happy to discuss their experiences with potential new clients, especially in the remodeling world. Many contractors can provide a short list of references allowing new clients to familiarize themselves with what to expect. The contractor should also be able to show a portfolio of their previous work.

Labor Capacity
General contractors should be able to hire subcontractors with ease. With recent labor shortages, it is important to ensure your project will be completed in a timely manner. Subcontractor availability is imperative for a successful project. 

Material Access
Supply chain shortages and inflation have severely impacted the availability and cost of many remodeling materials. Experienced contractors will be able to inform clients about which products are behind and how to navigate the budget based on any issues incurred. Lead times are essential for ensuring your project is completed on time. 

Need a home contractor for a remodeling job? Give us a call for prompt, honest, and high-quality craftsmanship.

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/

Holiday Home Safety Tips

It’s a jolly time of year for most, filled with upbeat spirits, laughter, and celebrations. While we endure the hustle and bustle of shopping, wrapping gifts, cooking, baking, and preparing for the upcoming festivities, it’s important not to overlook safety. Read on to learn some common safety hazards that are often overlooked.    

  • Never leave cooking unattended. The most common cause of cooking fires is from the stovetop or fryer. Be sure to observe small children in the kitchen and remove any clutter near the cooktop that may ignite other flames. Clean built-up grease from the cooking area, including the hood vents.
  • Don’t leave lit candles unattended. December is the peak month for candle fires, and holiday decorations like festive greenery and wrapped presents increase the combustible hazards. Be sure to use sturdy candle holders on clear and steady surfaces. Do not allow candles to burn all the way down, especially if they are within a glass jar, as they can explode when the glass gets too hot.
  • Prepare for bad weather. Keep salt and snow shovels nearby to clear walkways as needed. Ensure that gutters are free of debris and ice dams to prevent water damage. If you own a generator, ensure it is in good working order and NEVER use it indoors or near an open window, as carbon monoxide fumes are incredibly toxic. Running generators should be at least 20 feet from the home, windows, or garage, and the exhaust must be pointed away from the home. 
  • Keep your chimney clean. If you have a fireplace or a wood-burning stove, it’s imperative to clean the chimney at least once a year. Creosote is the buildup of residue in chimneys and contributes to 25% of heating-related fires. Be sure to soak hot ashes and store them in a metal container until there are no embers. Also, keep objects at least three feet away from heat sources, including space heaters, which cause 43% of home heating fires. 
  • Don’t overload your electrical wires. Be sure to follow instructions on lighting equipment and your surge protector. Use clips, not nails, to secure lights and prevent damage to cords that can spark fires. Christmas tree fires often occur due to inaccurate electrical distribution. Keep them watered, away from heat sources, and get rid of them shortly after the season, as dry trees become extremely flammable.
  • Check your smoke detectors at least once per month, and replace the batteries every six months, even if they still hold a charge. The detector itself should be replaced every ten years. An easy reminder is during the fallback and spring-forward time changes, or at the end of the year and mid-year.

Happy Holidays from JFC Remodeling! Stay safe and call us if you’re in the market for some home remodeling.

JFC Remodeling is committed to providing top-quality home reconstruction services to clients throughout Livingston County. With over 30 years of experience in the industry, our licensed contractors create unique, individualized, and polished renovations. Whether the site requires improvement, repair, or is a new construction, you can trust our experts to deliver remarkable results. Call or email us to learn more.

Written by the digital marketing team at Creative Programs & Systems: https://www.cpsmi.com/