The current housing market in Orlando has many people looking at remodeling their existing homes in lieu of moving into new homes. Whether the remodeling momentum is coming from lack of options in the move up market, concern over the state of the economy, or waiting for the Florida Homestead Tax to be finalized; people are staying in their existing homes.
Kitchen and bath remodeling can be a great experience and a significant addition to the value of your home. There are both tangible and intangible benefits to gained. The most obvious tangible benefit is the increased value in your home. Although the rate of return varies from survey to survey, the rough addition to value of your home over 90 cents for each dollar spent for a kitchen remodel and 85 cents for each bathroom dollar. The intangible benefit is increased quality of life. Although not readily measurable, the increased pleasure and comfort gained from kitchen and bath remodeling should be a major driving factor in your planning process.
The decision to remodel your home is a major step for any home owner. Over the coming months Monarch Kitchen and Bath Design will post articles written by our staff and also serve as host for individuals from housing industry and design community both locally and nationally. Our goal is to supply you with information to help you make your remodeling and/or new construction project smoother, more enjoyable, and to maximize your returns both tangible and intangible.