FAQ - Remodeling
Why is now such a good time to remodel my home?
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- Written by KRAFTMASTER
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Remodeling Now: It’s Your Best Time To Go For It
BAD NEWS IS GOOD NEWS!
The construction industry has been hit hard by the slowdown in the economy. Strangely enough, that is good news for you if you’re considering home improvement.
First answer two questions.
Were you lucky enough NOT to buy your current home in an overpriced market? If so, high home equity levels are on your side.
Could you enjoy living in your present neighborhood for the next few years? Whatever your home needs, it can be updated for pennies on the dollar as compared to moving.
If you answered “Yes!” to these questions you have just discovered two great reasons that now is your best time to remodel.
Here are six more:
1. Let’s Talk Cheap Money
For many years banks enthusiastically supported the risky dreams of big-boom borrowers but that pond has dried up. Standards are tight. They are no longer ready to go with the flow. Lenders need to offset bad loans with good ones. Interest rates have been moving down (also good news) but you must have three things before they will show you the money:
- A good credit rating
- At least 20 percent equity in your home
- Proof of income.
Once again, if you can answer “Yes!” to these questions then now is your best time to remodel.
2. Contractors Are Available
When everyone was keeping up with the Joneses, contractors could afford to choose only big-budget projects. Now quality tradesmen find that they must dedicate some of their schedule to smaller projects. This is good news for you.
3. Time Is On Your Side
In booming building markets, you wait in line. Projects can be delayed for months ... or a year or more – as builders are overbooked. Today`s market means you can get your work done fast. We all know that time is money. Once again now is your best time.
4. Building Material Prices are Dropping
Declining demand means declining prices for construction materials. Another boost is that with inventory availability, your job is not held up by back-orders. As soon as you have booked your time or a contractor's you can move forward quickly. Turnaround is half what it has been in recent years. Watch building suppliers and you can take advantage of great specials.
5. Today`s Real Estate Market is Looking for Resale Value
More than ever value for the housing dollar is important to buyers. Is your home functional, economical to maintain and, above all, liveable? Once these questions are answered three major concerns face homeowners today
- Building for the neighborhood
- Mortgage rates
- Employment
In many cases upgrading existing space is a better option than building new. The cost of building from the ground up can grow exponentially, with all the variables, cost inputs and changing financial circumstances. Having the framework, electricity and plumbing already in place means that the most expensive aspects of your project are already at hand. An attic conversion, basement remodel or mid-range bath or kitchen makeover can give the best return on your investment. Don’t overbuild. Think maintenance and functionality first.
6. Remodel to Improve Maintenance. It Makes You Money.
Houses age no matter what the market is doing. Roofs need replaced, plumbing repaired and worn out appliances fixed or upgraded. Remodeling now for energy efficiency, water and resource conservation with the use of sustainable or recycle products means money in your pocket and a healthier environment. Consistent home maintenance raises the value of your home, but even better it makes your home a comfortable place to live.
So, if you are a homeowner who has decided to stay where you are, consider remodeling. You will be improving your home investment and you will enjoy living there even more.
Remodel now. It`s your best time to go for it!
How to determine your remodeling budget?
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- Written by KRAFTMASTER
- Parent Category: Ask Designer
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Perhaps the most highly trafficked room in the house, kitchens have an ageless appeal. Homeowners frequently cite the kitchen to be the most important room of the house. It’s no wonder then that they invest time, energy and resources into functional and beautiful kitchens. Whether you are planning new construction or a kitchen remodel, your cabinet budget will be structured about the same. Cost can vary based on design, materials, quality of appliances and budget. Careful planning can help you get the most value for your investment, simplify maintenance, maximize efficiency, functionality and beauty and reflect your own personality.
Planning Your BudgetConsider the market value of your home to determine your remodeling budget. Studies suggest that 90-98% of kitchen remodeling costs can be recouped, but kitchen remodeling is only a good investment if the cost is relative to the house’s worth. A trendy, state-of-the-art kitchen could be a dramatic selling point in a growing community or a prime location, but probably not a good investment in a modest neighborhood. Keep it below 15%. Generally speaking, a kitchen-remodeling budget should not exceed 15% of your home’s value. Of this budget, at least one half of the cost should be designated for cabinetry. Another 15% can be expected for appliances, flooring and other goods like lighting, plumbing fixtures, etc.
The remaining 35% includes the costs of labor, design, contracting services, permit fees, etc. Using the guideline suggested above, here is a sample rough budget for a kitchen remodel on a home worth $300,000:
- Cabinets and countertops (50% of total budget) $ 22,500
- Appliances, flooring and other goods (15% of total budget) $ 6,750
- Labor, design, permits, etc. (35% of total budget) $ 15,750
- Total Budget $45,000
For a kitchen remodel on a home worth $650,000:
- Cabinets and countertops (50% of total budget) $48,750
- Appliances, flooring and other goods (15% of total budget) $14,625
- Labor, design, permits, etc. (35% of total budget) $34,125
- Total Budget $97,500
Working With Your Budget
Be honest about your cabinet budget. Design professionals and contractors will be happy to work within your reasonable guideline if they understand limitations from the onset. Better communication in planning results in lower stress for everyone. Plan ahead. The best way to avoid overspending your budget is to be specific in your planning.
- Consult a design professional. While they do charge for their experience and insight can more than compensate for costly errors due to inexperience or misinformation. They may notice details you might forget, or anticipate expensive structural changes that you might overlook.
- Make a list of all of the features you have in your existing kitchen. Are these enough? Are there any features you would like to eliminate in your remodel?
- Will there be any “surprise” costs to bring the structure up to local codes to accommodate your new kitchen?
- Create a list of additional features you’d like to add. Make a “top ten” list of the features you most would like in your new kitchen. Be willing to compromise on less important items in order to invest in the more important features. Be alert for surprise costs. Some remodeling projects exceed budget constraints early simply because there are structural issues to be addressed that aren’t initially apparent.
- Older homes may require extra electrical or structural upgrades to accommodate the remodeling project and bring the structure up to local codes. Homes newer than 20 years are less likely to need major work of this nature.
- Moving major features like plumbing adds to the cost quickly. Stick to your budget. It doesn’t take very many unplanned expenditures to totally overrun your budget.
- Know what you have available to spend in each area, and then be diligent in observing limitations.
- Even with careful observance, you can expect a budget overrun of about 12% due to unforeseen costs and unbudgeted expenditures. Know what you need vs. what you want. Key to keeping within budget guidelines is to begin with the features you need in your new kitchen. One needs appropriate plumbing, safe conditions, adequate lighting, adequate storage and basic refrigeration and cooking capabilities. One wants state-of-the-art appliances, decorator detailing and expansive, elaborate fixtures.
- Begin your plan with your basic needs.
- Upgrade the most prominent and hardest working features (like cabinets and countertops) for durability.
- Add the extras as your preference and budget allows. Be informed. The more you know, the better able you will be to make wise decisions.
- Many cabinetry manufacturers offer more than one line to accommodate a wide range of budgets. A small handful offers the ability to “migrate” between lines. This offers two advantages. You can begin with the lower priced line, and select a few cabinets that contain the features you want from the higher priced line.
- Visit appliance stores and home centers to understand the costs of appliances and materials.
- Ask for referrals for contractors, and find out if they are insured. Check references carefully. When it comes to talent and workmanship, you generally get what you pay for.
- Ask for a detailed written estimate, and if things change mid-project, sign a change order.
- Ask for a written work completion schedule.
- Be consistent, prepared and available during the project.
- Work can stay on schedule when decisions can be made promptly.
- Members of the National Kitchen and Bath Association are recognized specialists in their area.
Quality vs. Quantity.
Products are available in a wide range of options.
- Many homeowners prefer to begin with the minimum quantity needed, and then upgrade the quality. While your space may allow for eight cabinet units, perhaps you only need six. Then your budget will allow you to upgrade species or special features.
- Solid surface countertops and Formica countertops can be upgraded to granite years down the road. However, it’s difficult to upgrade cabinetry.
- If you have to choose, put your budget into the cabinetry.
- Try using more expensive design options as a focal point, such as one outstanding personalized element in an otherwise basic kitchen design, or a more expensive countertop option as a focal point for the island, with coordinating material as the remaining countertops.
- Select decorative tiles as an accent rather than as the main field of tile.
- Less expensive lighting fixtures or door and drawer pulls can be upgraded at a later date.
- Compromise. If you chose to upgrade your range, you might consider selecting a more basic sink and refrigerator. Allow yourself plenty of time to make selections. Making selections early, rather than under time constraints, allows for comparison shopping and careful consideration of preferred features.
- Resist purchasing on impulse.
- See the product or samples of quality in person before purchasing, rather than relying on photos, catalogs or internet information.
- Many designers require a design retainer. This assures you that your project will get the designer’s full attention.
- Expect to pay as much as 100% of the cabinetry costs when you place your cabinetry order. Keep an accurate record of the agreed upon payment schedule and the payments made.
Payment Expectations: Your Contractor
- Ask your contractor to provide a written schedule of when payments are expected.
- Expect to pay as much as 50% to your contractor at the signing of the contract. An additional 40% could be required upon delivery or installation of the cabinets. The remaining 10% should only be paid at the completion of the job. Make sure “completion” is defined.
- Keep an accurate record of payments made.
If you are looking for a professional remodeling contractor, then please call us today at 908-517-5581 or complete our online request form.

How long does the design process take ?
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- Written by KRAFTMASTER
- Parent Category: Ask Designer
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The design process varies greatly depending on several variables. Is it a simple replacement staying within the space or are you intending on moving walls, expanding the house (an addition) as few examples. Having said that, based on my experience generally the typical client's designing phase of the project takes approximately 1-2 weeks.
For each client I adjust my speed to their desire to get the project completed.I recommend that you get started with our planning guide which is great tool for getting started with things that are important to you and your family.
Follow this link to get you free click - {japopup type="iframe" content="index.php?option=com_sfg&Itemid=96" width="870" height="550" }Planning Guides{/japopup}
You can upload your existing kitchen and I will be happy to take a look at it for you.
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