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Tag Archives: remodel; return on investment; home office; renovations; remodeling projects; investment

Tips for Choosing a Reputable Remodeling Contractor


19 Thursday Feb 2015

Posted by Jennifer Hanley in Uncategorized

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hiring a contractor, home improvement, home renovations, homes for sale in Jacksonville FL, Jacksonville FL Real Estate, remodel; return on investment; home office; renovations; remodeling projects; investment, renovating a house

With the number of foreclosed or bank-owned properties floating around out there, we often speak with folks who are preparing to embark on a renovation project.

Unfortunately, with a rise in remodeling comes a flood of disreputable contractors looking to cash in. We do our best to protect people by providing referrals to reputable contractors, but there are plenty of people out there we don’t get a chance to talk to.

If you know someone who is about to undertake a major renovation project, we urge you to share this excellent article published by the Federal Trade Commission, “Home Sweet Home Improvement.” It includes a PDF guide your friends and family will find helpful.

The guide covers:

* The types of home improvement specialists
* How disreputable contractors operate
* Questions to ask contractors
* How to check references
* Understanding payment options
* The “Home Improvement” loan scam
* …and several other useful points

Here’s the link to the article on the FTC website:
http://www.ftc.gov/bcp/edu/pubs/consumer/products/pro20.shtm

Also, you can download the PDF file directly here:
http://www.ftc.gov/bcp/edu/pubs/consumer/products/pro20.pdf

Do you need a referral to a contractor or two? Are you in the market for a property to fix-up and call your own (or use as an investment property)? We are happy to help. Give us a call or shoot us a message today: Kevin and Jennifer Hanley, REALTORS 904-422-7626 http://www.HanleyHomeTeam.com

Beware the Home Office Remodel!

25 Saturday Aug 2012

Posted by Jennifer Hanley in Uncategorized

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Tags

remodel; return on investment; home office; renovations; remodeling projects; investment

Many home remodeling projects do wonders for the value of the home. Certain upgrades and renovations pay dividends when it comes time to sell, and you often can recoup the money you’ve invested in the upgrade.

There are exceptions, however. And one stands head and shoulders above the rest (or should I say below) when it comes to return on investment:

The home office.

Surprised? It may seem like a home office would be a boon for your home at sale time, especially considering the number of people who telecommute and work online. But the fact of the matter is, a home office seldom recoups more than 45% of the money invested in the remodel.

Why? Multiple factors.

First, even people who work at home often don’t work at home. When was the last time you walked into a coffee shop and didn’t see a laptop open? Many people still find space outside the home to work.

Second, a full-on home office renovation often takes up a bedroom which new owners might want to be able to convert back into a bedroom. If you’ve spent the time and money having built-in furniture added, media wiring, and other “office like” details installed, it represents a cost to restore or lost-usage for the new owners.

Of course, if you need a home office and want to have the home office of your dreams, it might be worth it to you to put the return on investment aside. But don’t undertake the project thinking it will pay off down the line.

Curious which home remodeling projects pay off at the sale? Let’s talk about what you’re considering: Kevin and Jennifer Hanley, REALTORS http://www.HanleyHomeTeam.com or http://www.HanleyShortSales.com 904-422-7626

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