Archive for July, 2016

The 2016 Top 10 Remodeling Paybacks in the Chicago area

Posted on 13 July 2016 | Category: General

Each year the Cost vs. Value Report by Hanley Wood helps realtors and homeowners determine which remodeling projects have the greatest return when a homeowner goes to sell their home. The 2016 report shares that in the Chicago area, bigger and more expensive projects, rising new-home prices, curb appeal and energy efficiency all contributed to a gain in remodeling projects’ payback at resale. As a general rule, the simpler and lower-cost the project, the bigger its cost-value ratio.

The Top 10 Remodeling Paybacks in the Chicago area for 2016

insulation11) Attic Insulation 118%

2) Front Entry / Curb Appeal 89%

3) Wood Decks 73%

4) Window Replacement 72%

5) Midrange Kitchen Remodel  73%

ProjectArticle_Small_Photo36) Two-Story Addition  69%

7) Siding Replacement 68%

8) Roofing Replacement 64%

9) Bathroom Remodel 59%

10) Basement Remodel 56%

Takeaways from this year’s report:

  • First impressions are important and “curb appeal” is essential to maximizing value. Many of the highest-scoring projects were for projects completed on the exterior of the home (front doors, garage doors, entryways, siding, etc.)
  • BathrooomEvery realtor will tell you, “kitchens and baths sell houses” and the cost vs. value data supports this assumption. Kitchen and bath remodels have some of the biggest impact on your home’s value. In Chicago, an upscale bath remodel had a slightly lower return than a midrange bath remodel and a midrange kitchen remodel had a much better return than a major kitchen remodel.
  • Not surprisingly, attic insulation projects top the list increasing a home’s retail value by 118%.
  • Outdoor living is one of the fastest growing areas in the remodeling industry and in the Chicago area it has one of the biggest paybacks. Maximizing time outdoors on a well designed wood deck (which has a bigger return than composite decking) has great appeal to the Chicago area home buyer.
  • In general, replacements cost less and therefore provide a bigger payback than remodels or additions but as the value of homes increase, the value of these remodels and additions keep increasing right along with them.

The important thing for every homeowner to realize is that year after year, the cost of the average remodeling project keeps going up. A Chicago area homeowner will pay 5% more for their remodeling project in 2016 than in 2015. Taking into consideration the continued rise in labor and material costs, the predictions for 2017 put that number upwards of 10%. While every home improvement we make does not always equate with returns on the dollar, most homeowners want to maximize their investment when considering a remodeling project.

In this market, the longer a homeowner waits, the more expensive their remodeling projects become. If you are a homeowner considering any type of remodeling project — and want to pay less now and start enjoying your home’s investment right away — contact us today for a free consultation or call us at 847-922-3418.

Get Dwell and our Hardware Partners featured in Qualified Remodeler magazine

Posted on 07 July 2016 | Category: Press

Qualified Remodeler magazine

Qualified Remodeler magazine’s cover story features Get Dwell and the working partnership we first forged with Millen Hardware back in 2005. Since then, our partnerships with local, independently-owned hardware stores has successfully grown to 27 partner stores across Chicago and the northern suburbs.

Local hardware stores have always been and will continue to be the best place for knowledgeable product advice and helpful how-to tips. If a project demands more skills than a customer has or if it requires more work than the customer is willing to tackle, these stores can recommend Get Dwell’s services and be confident that their customers will be professionally served by a proven, insured, certified and trusted local resource. We’re able to help the stores become even more helpful to their customers.

Get Dwell’s partner stores are run by some of the best customer-focused hardware entrepreneurs in the country, the vast majority of whom are second- and third-generation business owners. “As an entrepreneur myself, my rule of thumb is to work with locally-owned hardware stores that share my passion for craftsmanship and a high standard of customer service,” Darryl Rose, President of Get Dwell says. Local hardware stores face an everyday battle against big box stores like Home Depot and Lowes and online companies like Amazon. Each of these competitors has recently launched or backed their own home installation companies; (Home Depot), (Lowes) and Amazon Home Services. “Our 27 hardware store partners have survived and thrived,” Darryl emphasizes, “because they know what it takes to make customers happy, and everyday they go out of their way to prove that.”

According to the North American Retail Hardware Association, money spent at a local hardware store versus a big box store like Home Depot or Lowe’s makes it possible for three times the value of that money to go back into the local community where it belongs. “These monies,” says Darryl, “then end up directly benefitting our local communities in many ways, including increasing local home values and making these communities a more wonderful place to live.”

“Our 27 hardware store partners have survived and thrived,” Darryl emphasizes, “because they know what it takes to make customers happy, and everyday they go out of their way to prove that.”

The largest hardware store in Chicago, Gordon’s Ace Hardware and the largest hardware store in the state of Illinois, Round Lake Ace Home Center are included in the 27 independently owned hardware stores that make up Get Dwell’s Hardware Store Partners:

Millens Hardware — Wilmette
Gordons Ace Hardware — Maple Ave, Gold Coast, Chicago
Gordons Ace Hardware — Orleans Ave, Merchandise Mart, Chicago
Gordon’s Ace hardware — Clark St, Lincoln Park, Chicago
Gordon’s Ace Hardware — Streeterville, 680 Lake Shore Drive, Chicago
Gordon’s Ace Hardware — State St, South Loop, Chicago
Northbrook Ace Hardware — Northbrook
Lake Forest True Value — Lake Forest
Glenview True Value — Glenview
Lemoi Ace Hardware — Evanston
Mutual Ace Hardware — Highland Park
Fox Lake Ace Hardware — Fox Lake
Leader Ace Hardware — Fox River Grove
Neradt Ace Hardware — Mount Prospect
Barrington Ace Hardware — Barrington
Casper True Value — Lake Zurich
Libertyville Ace Hardware — Libertyville
Round Lake Ace Hardware Home Center — Round Lake
Mundelein Ace Hardware — Mundelein
Gurnee Ace Hardware — Gurnee
Grayslake Ace Hardware — Grayslake
Wauconda Ace Hardware — Wauconda
Waukegan Ace Hardware — Waukegan
Antioch Ace Hardware — Antioch
Bjorkman’s Ace Hardware — McHenry
Sherwin Ace — Arlington Heights
Twin Lake’s Ace — Twin Lake, WI (spring 2017)

We encourage you to shop local and support these businesses. For directions to the hardware store closest to you, just click the map on our Hardware Store Partners page. Get Dwell is proud to support these stores and their customers and is honored to have be featured in Qualified Remodeler!

Read the full article here on the Qualified Remodeler website