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POSTED BY administrator on Jun 19 under kitchen

News from Style Before Sale Price – San Angelo Standard Times:

Before real estate prices plummeted in many markets, homeowners typically remodeled to increase house value. Improving aesthetics and livability was important, but not the top priority.

Now, two reports – the National Association of Home Builders’ “Remodeling Market Index” and home design website Houzz.com’s “Houzz and Home Survey” – each indicate that more homeowners plan to tackle remodeling projects for their own enjoyment, not resale value.

This is a result of more people staying in their current homes, due to the slow housing market and plunge in home values.

Liza Hausman, vice president of marketing at Houzz, is surprised by the changed focus. “What people realize is that they’ll be in their homes for a while and can’t expect a quick profit, so their expectations are different,” she says. “They’re making their homes nice and more functional for themselves. At the same time, they’re not going off the deep end and taking out loans, but saving up money or delaying other purchases to afford changes.”

The NAHB and Houzz surveys put kitchens and bathrooms at the top of the to-do list; NAHB also cited window and door replacements, fixing property damage and whole-house remodeling. Houzz’s Hausman named flooring, family room and landscaping changes as highly popular.

Chris Berry, design director of brooksBerry Kitchens & Baths in su…………… continues on Style Before Sale Price – San Angelo Standard Times

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Related News:

Not All Home Remodeling Pays Off When You Put Your Home On …
News from CBS2 Chicago:

Home for sale, file. (Scott Olson/Getty Images)

CHICAGO (CBS) – If you are in the market to remodel your home, you might be surprised to learn that what you do on the outside is a better investment than fixing up the inside.

But if you are longing to knock out a wall, or add a room, CBS 2’s Dorothy Tucker reports on just how much you can expect to recoup if you ever decide to sell.

Joyce Judah recently finished a $ 10,000 upgrade to her kitchen. The remodeling job wasn’t her first; not long before that, she gave her bathrooms a $ 6,800 makeover.

The price was steep, but Judah thinks that, in time, she will earn back some of what she spent.

The two rooms that get the most attention in the house — kitchens and bathrooms — return money after remodeling, according to Remodeling Magazine. A homeowner who spends $ 22,000 to redo a kitchen will earn back 63 percent of the cost when the house is sold. Fixing up bathrooms also pays: A $ 21,000-makeover will return 50 percent of its cost.

But the economic climate has forced remodelers to scrimp and save, rather than splurge. Many homeowners are thinking small, adding knobs to cabinets instead of replacing them entirely, or painting over tile rather than ripping it up, says Don Van Cura.

“With the economy changing, people are…………… continues on CBS2 Chicago

… Read the full article

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