Archive for January, 2017

NKBA Reveals What Design Choices Are Trending in Kitchen and Baths in 2017

Posted on 26 January 2017 | Category: General

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The National Kitchen and Bath Association (NKBA) released the results of its 2017 Kitchen & Bath Design Trends Report during a press conference at the International Builders’ Show in Orlando, Florida. The report, which surveyed NKBA members, revealed what’s popular in colors, finishes, and design styles. Here are a few of the top trends revealed in the survey:

Kitchen trends

  • Cabinetry with clean lines and built-in styles are popular. More homeowners might be willing to go with a more modern look because of the new technologies being introduced in kitchens.
  • White and gray are still the go-to colors for many NKBA members. Two-tone kitchens are also trending.
  • Wood cabinets still dominate the kitchen, but metal cabinets (such as stainless steel, gold, and black) could be on the rise. Quartz is the top countertop choice.
  • Accessible and universal design features are trending as homeowners are choosing to age in place and more households are multi-generational.
  • Technology is on the rise with internet-connected appliances making their way into the kitchen as well as induction cooktops and steam ovens.

Bathroom trends

  • White and gray remain the popular choice for designers. Young homeowners also interested in blue, violet, and purple hues.
  • Wood vanities and linen storage cabinets are the most popular choice for storage solutions. Ceramic tile reigns supreme for flooring, but high-quality laminate seems to be gaining popularity.
  • According to the report, more than half of NKBA members surveyed said they eliminated a tub from a bathroom remodel, but half also specified including a free standing tub.
  • Homeowners are looking for safety and comfort in the bathroom: no-threshold showers, shower seats, lighting in the shower, etc.
  • Water-saving technology for faucets and toilets are becoming more mainstream.
From traditional and classic to modern and contemporary our designers work with clients to realize the ultimate design potential on any project. If you are considering remodeling a kitchen or bathroom in 2017, contact us today or call us at 847-922-3418. We will be happy to help you explore all the options, costs and design possibilities of any project.

The 2017 Top 10 Remodeling Paybacks in the Chicago area

Posted on 11 January 2017 | Category: General

Each year, the Remodeling Cost vs. Value Report (www.costvsvalue.com) helps realtors and homeowners determine which remodeling projects have the greatest return when a homeowner goes to sell their home. The 2017 report shares that in the Chicago area, 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.

insulation1The Top 10 Remodeling Paybacks in the Chicago area for 2017

1) Curb Appeal: 71 – 104%

  • Front Door (steel): 104%
  • Stone Veneer: 104%
  • Grand Entrance (fiberglass): 71%

2) Attic Insulation: 89%

3) Kitchen Remodel: 75%

4) Siding Replacement: 71%

5) Window Replacement: 71%

6) Two-Story Addition: 70%

7) Family Room Addition: 64%

8) Deck Addition: 62%

9) Bathroom Remodel: 61%

10) Master Suite Addition: 60%


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.)
  • Every 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 slightly better return than a major kitchen remodel.
  • Not surprisingly, attic insulation projects increase a home’s retail value by 89%.
  • 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 composite deck (which has a slightly larger return than wood 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 2017 than in 2016. According to Metrostudy, this trend will continue through this year and into 2018 with remodeling projects increasing in cost an average of 5% per year. 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.

 

Complete data from the Remodeling 2017 Cost vs. Value Report can be downloaded free at www.costvsvalue.com. All data from the report © 2017 Hanley Wood Media Inc.