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Will Spending More on Your Rochester-Area home Guarantee You More Value?

Posted by John Graziose on Tue, May 17, 2016 @ 14:05 PM

Will-Spending-More-on-Your-Rochester-area-home-Guarantee-You-More-Value_.jpgA lot has changed in the homebuilding business since we began building custom homes in the 1950s. But one thing never seems to change: homeowners are always concerned about their budgets.

It doesn’t matter whether you’re building in Ontario, Webster, Perinton, Canandaigua, Mendon or elsewhere in the Graster Rochester and Fingerlakes area. And it also doesn’t matter if you’re looking at building a smaller, 1,040 square-foot home or a larger, 3,600 square-foot home. Your budget matters!

Of course, creating a realistic budget is a crucial part of the homebuilding process. And while it’s important that you don’t overextend yourself by purchasing more house than you can really afford, it’s also critical to make sure you don’t under-budget and spend less than you should to get what you really want. That can actually cost you more if you have to add features or space later. Here’s a post that can help you avoid those kinds of budget missteps.

That raises a couple of really important questions about how much you should spend on your home: What are you getting for your money? Will spending more money on your Rochester-area home guarantee you more value?

Ultimately, it’s not really about how much money you spend (or save), but how much value (comfort, enjoyment, convenience, sense of well-being) you get for whatever sum you decide to spend.The fact of the matter is that not every expenditure generates the same kind of value. So if you’re going to spend more on a new home, where does it make sense to invest your money? Here are a few suggestions:

Your Kitchen

In all our years of homebuilding, we’ve never had a client complain that the kitchen in their home was too big. Kitchens today are such a central room in the house, and they get a lot of use. Spending a bit more for counter space, adequate cabinet space and even more square footage is something you won’t regret.

Your Family Room

This is another room you’ll use extensively. When your family isn’t in the kitchen, this is where they will probably be. This living space should be designed to accommodate the whole family. It may not need to be cavernous, but if your budget will allow it, making this room a little larger will make it that much more comfortable and enjoyable.

Master Bathroom

Along with the kitchen, the master bathroom is the most likely room to be remodeled. Why? Because it gets used everyday, and many people feel their existing bathroom is simply inadequate. People want a space where they can comfortably get ready for their day. You don’t have to turn your master bath into a spa (unless you want to…and here’s a great guide to help you plan “the ultimate bathroom”), but you’ll want it to be comfortable and to adequately meet your needs.

Room Size

Bigger may not always be better, but building too small can turn into a problem later. A tiny bedroom may be adequate for a baby or a small child—but what about when that child is a teenager?  Increasing the size of a room or adding a new room later will cost much more than building a bigger room to start with.

While this isn’t an all-inclusive list, it should get you started in thinking about what you’d want to spend a bit more on in your new home. You may notice that the suggestions listed here have less to do with how you home looksand more with how your home feels and meets your needs. That’s how you create value in your home. Not surprisingly, it’s alsohow you’ll see the best return on investment, should you decide to sell your home down the road.

 Gerber-2016-Home-Design-Guide-Download

Topics: Rochester Area Custom Home Builder, Custom homes, cost vs. value, budgeting for custom home, Greater Rochester, Fingerlakes area

Rochester-Area Remodeling: Which Projects Make the Most Sense?

Posted by John Graziose on Thu, Dec 11, 2014 @ 19:12 PM

Rochester-area-remodeling-which-projects-make-the-most-senseThe winter months are a great time to think about remodeling projects for your Rochester-area home. Normal outdoor construction tends to slow a bit and that means quality builders are more available for indoor projects.

But which projects make the most sense for your home? There may be some projects you have to take on simply because your needs have changed. If you have kids that have gotten older and need more space, a home addition may be the obvious choice. But if there are other areas of the house you’ve been thinking about, which one’s will give you the most bang for your buck? 

The 2014 Cost vs. Value Report (www.costvalue.com) provides an overview of what a variety of home renovation projects in the Rochester area cost—and what kind of return they provide on the money you invest (the money you’ll get back out if you sell your home). They cover a wide variety of projects, but let’s look at just a few midrange projects here. Bear in mind that these are average figures.

Project Type  Cost                Resale $         Recouped
Attic Bedroom Remodel $48,792 $25,545 52.4%
Family Room Addition             $79,500 $34,667 43.6%
Major Kitchen Remodel $54,231 $31,667 58.4%
Minor Kitchen Remodel $18,587 $10,500 56.5%
Home Office Remodel             $27,596 9,045 32.8%
Two-Story Addition $152,978 $ 63,636 41.6%

As you can see, there’s a fair amount of variety in costs and in return on investment (ROI). But the ROI is only part of the story.  What it doesn’t reflect is the comfort and enjoyment you receive from living in a newly remodeled home. And while a project such as a home office remodel doesn’t generate as much money at resale, if it allows you to work from home efficiently, it can be worth a considerable amount.

These are just a few of the projects you might consider. You can check out Gerber’s remodeling services that include kitchen remodeling, bathroom remodeling, home additions, in-law additions, and more. And if you’re concerned about remodeling during the cold winter months, rest easy— we’ve developed an approach that allows side, back, and second-story additions to be completed while your family remains in the house throughout construction process!

Download-our-free-ebook-remodeling-a-house-creating-a-home

Topics: Kitchen remodeling, Remodeling in Rochester Area, Family Room remodeling, cost vs. value, additions

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