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roi remodel-edgewood cabinetry

Remodeling for Resale-Maximize your ROI by Staying On-Trend

House flipping in today’s hot real estate market provides everyday investors with big returns. When remodeling for resale–maximize your ROI (return on investment) by staying on-trend without being too trendy. Most investors love to save money on materials while still staying on-trend with a modern design that impresses buyers. The kitchen is one of the most important areas of the home. Choosing custom kitchen cabinetry brings the ‘wow’ factor that impresses buyers. According to a recent article by CNBC, flipping a home is more competitive because of the high demand for starter homes and the low inventory in many housing markets. When you visit a local home improvement store to order materials, you might be forced to wait longer than you anticipated for your order to come in. By ordering from Edgewood Cabinetry, the process is easier and quicker, plus you save money. Also, you can find amazing all wood cabinets in beautiful styles and colors such as modern gray for a modern home or royal cherry for a traditional house.

Finding ways to save

In addition to ordering custom cabinetry, you can also save money on countertops, flooring, lighting and accessories. Talk to family and friends who would be willing to work out a barter system so you can get the help you need to fix up a property in less time.

Coordinating your design

Saving money on countertops and flooring is all about coordinating the colors and design patterns. Talk to kitchen design professionals about the latest trends in terms of materials, textures and patterns. Most homebuyers and renters want their home to reflect their modern tastes and sense of style.

Knowing your buyer

Another tip for making the most money off of your fix-and-flip is to know your buyer. Experts say your fix-and-flip will likely be bought by an investor who plans to rent out the home for a monthly profit. Buying inexpensive cabinets and countertops will help your profit margins and won’t deter an investor. As part of your kitchen renovation, make sure the appliances are in working order. Most investors appreciate new appliances that are reliable as well as a washer and dryer for tenants. In other cases, your potential buyer could be a young family looking for a starter home or a retiree.

At Edgewood Cabinetry, we are glad to show you ideas for your investment home. For more tips on remodeling the kitchen of your investment property, please contact us.

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Before You Build or Remodel Determine How Much Kitchen You Need

 If you are building a new home or remodeling your current home you are probably considering kitchen plans and trying to determine how much kitchen you need.

This is a question that has been asked by homeowners for years. In fact, in 1934 Westinghouse Electric and Manufacturing Company released the results of a three year study to help people determine appropriate kitchen size for their family. The theory was that you could estimate the household occupancy based on the number of bedrooms and from that you would know how many people would need to be provided for. The size of the kitchen should relate to the amount of people. They concluded that the actual occupancy should be considered three more people than the number of bedrooms and for each person 6 square feet of wall cabinet shelf area was required. In the standards of modern day this would be considered a small kitchen. So, how should you figure out the right size kitchen for today? Here are some considerations:

Overall Functionality

It is likely you will want to include a refrigerator, stove, oven, sink and dishwasher in your kitchen but what you will need to determine is the correct size of each appliance. Many people focus on the color of the appliance. Will they buy stainless steel, white or black? Really, the size will make the most difference in the functionality of your kitchen. Examine what kind of meals you prepare to determine if a double oven would be beneficial. If you eat out a considerable amount a large refrigerator or warming drawers may not be necessary. It is important to keep in mind your future plans as well, however. You may not be cooking at home frequently now but when a baby arrives that may change.

Ergonomics

Determining kitchen ergonomics can be difficult when you don’t have the actual kitchen in front of you but instead just a concept on paper. Use your imagination to think through the entire process from bringing the groceries into the home, to putting the items away in the cupboard and the refrigerator, to preparing a meal, serving the meal and then cleaning up after the meal. Are you walking long distances with the hot food you just removed from the oven? Are the cabinets for plates and silverware a hike from the dishwasher? Is the kitchen traffic pattern reasonable? You want to think through these details to determine if the kitchen is too big, too small or inappropriately designed for your everyday use.

Storage

Many homeowners dream of extensive cabinet space but it is important consider how many items you have to place in cabinets. You want the right amount of storage for the amount of items you will be storing. You don’t want to wind up spending excessive amounts of time opening cabinet door after cabinet door to retrieve items. It is important to be realistic about what you will really use. If you are considering an island it is also important to consider space requirements. You will need the right amount of clearance around the island or the kitchen will feel overcrowded.

Resale Value

If you may sell the home in the future it is important to consider resale value. You do not want too large or expensive of a kitchen because you won’t get that money back. If your kitchen is not in line with the kitchens in your neighborhood you will lose money when you move. On the other hand, if you kitchen is not up to par with those in the neighborhood you may have trouble finding a buyer or take a financial hit when you go to sell.

At Edgewood Custom Cabinetry we can help you create a kitchen that is the right size for you and your family. Contact us to learn more or request a free quote.

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ROI and the Benefits of Remodeling: Kitchen and Bathroom Designs Help in Future Sales

The benefits of remodeling in your home as a return on investment is going to depend considerably on what kind of remodeling style you ultimately choose. When remodeling a kitchen or bathroom, particularly, your chances of a hefty return on investment are much more, says This Old House. But style is going to apply in both considering how important those parts of the house are. When you want to sell your home at a later date, think about a few things during your remodel and how it’s going to apply later to a typical buyer.

Classic Styles in the Kitchen

Adding traditional kitchen cabinets during a kitchen remodel with neutral colors will ultimately help you gain a better sale on your house in the future. While many people want to customize their kitchens with offbeat colors and cabinetry designs, you can’t necessarily assume you’ll be staying in your home for life. Things can happen later that force you to sell, and you want to be at the best financial advantage.

The majority of people looking to buy will look at the quality of the cabinetry or shelving in a kitchen as a major selling part of the house. That’s because the kitchen has become the true hub of a home where the most time is spent. And because most of that time is spent preparing food, remodeling kitchen counter tops should also be considered.

While kitchen counter tops can usually be easily upgradeable with a new buyer, you want them to look as attractive as possible later after your investment. Materials like granite hold up for many years. In fact, HGTV recommends you choose granite above any other counter top material. If you ultimately decide not to use granite, using a pattern that looks like granite is going to make a difference in impressing a home buyer.

While the kitchen is important, what about the bathroom? Many of the same design ideas should apply there as well.

The Importance of Storage in a Bathroom

Most buyers won’t want to have to keep their bathroom supplies sitting around on open shelves. Designing traditional and neutral-colored vanities will make a huge impression on someone wanting to purchase your home. Many people spend as much time standing in front of a bathroom vanity as they do at a kitchen counter. In that regard, you need to make sure it looks attractive and with plenty of storage space to keep obstructive bathroom supplies hidden from view.

U.S. News reported in 2012 that you can gain a 62% return on investment when you remodel your bathroom. Because bathrooms can look outdated fast, they also recommend using neutral colors to keep it classic.

Here at Edgewood Cabinetry LLC, we don’t want to limit you to just classic designs. While it might help you on a future sale, we’re here to design whatever you want in the way of cabinetry throughout your home. We’ll design beautiful cabinets for your kitchen, a classy vanity for your bathroom, a mantel for your fireplace, or shelving for a family room.

Contact us so we can begin customizing the cabinetry and storage spaces you need for your home. No matter the style you choose, a remodel is going to be a wise investment for the future to keep your home looking classic rather than run down.

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