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How Much Does Bathroom Renovation Cost

If you’re thinking of tackling a bathroom renovation, you’re probably dreaming of that chic tile pattern, a custom sink, maybe a spa-like tub or luxe marble shower. And of course, you’re probably envisioning all the stylish decor you’re going to put in there once you finish it all off. But the reality is that redesigning any bathroom—big or small, private house or apartment—is going to come with some challenges. After all, this is the place in your home that requires the most plumbing, piping, and infrastructure to make sure it all stays together and works properly.  

With that in mind, there are some important factors to take into consideration so you can keep ahead of any unforeseen, or unplanned for, costs. We enlisted the our friends at Sweeten, a free renovation matchmaking service that connects homeowners with qualified contractors, to breakdown all the nitty gritty details of sprucing up that bathroom—so you can get to focusing on that dream design.

First thing’s first: Know what you want (and what you’re willing to pay for)

If your dated sink keeps leaking or you’re in the market for a vanity with more storage, you may be able to easily update the pieces without having to undergo the process of completely overhauling the space. “You can replace a toilet or vanity or take on some limited re-tiling and pay à la carte for the cost of the new fixtures and the hours of installation work,” says Sweeten in this blog post.

But beware: While updating a fixture or two may seem like the easy way out, a gut renovation may actually be the most cost effective. A full renovation allows you to plan for some potentially unforeseen costs. For example, you may go to replace your toilet, and find that the plumbing or sub-flooring needs to be re-done. Or maybe you intend to do some tiling work but realize the sheetrock behind the current tiles, along with old valves and ancient drain pipes, need to be addressed. By choosing to plan for a gut renovation, you’re planing more broadly, and will probably be able to get more done, in the right sequence (not consistently running into challenges along the way) which will be the most cost effective in the long run.

Whatever you chose, keep this in mind: Sweeten recommends budgeting at least $20,000 for a gut renovation with standard, off-the-shelf materials, fixtures, and finishes. The current national average for a mid-range bathroom remodel is $18,546, with an upscale renovation average cost of $59,979, according to Remodeling’s 2017 Cost vs. Value Report.  So know what you want, and what you want to pay for above all.

Factor in behind-the-scenes costs

You should expect the majority of your budget to go into labor costs (along with certain building regulations if you live in a city or apartment building) when planning out your new room. Of course, the labor-intensive parts like plumbing, piping, and property regulations are the less-than-glamorous part of undergoing a renovation, but you’re better off factoring them in beforehand, rather than going over your intended set budget.

“As a rule of thumb, you can expect to spend 30 percent or less of your total project cost on visible materials, fixtures, and finishes, with the rest going to behind-the-scenes costs such as labor, permits, and fees,” Sweeten says.

From demolition to design to installation, the step-by-step process requires planning ahead for cost effectiveness. Demolition, an important and labor-intensive process, can cost an average of $2,000 while waterproofing steps can add an additional $1,000.

Plus, these costs are likely to be even more if you’re planning on doing a major layout change, which will require all changes comply with certain regulations (this is especially true if you live in a city like New York). Sweeten says if you plan to rework the layout or convert a bathtub to a shower or vice versa, you are automatically looking at a baseline cost of $25,000 because you’ll need to hire a registered architect to file a permit application certifying that the plan complies with applicable codes and laws. But if it seems like you’re racking up the expenses, remember that these measures need to be taken to ensure that your bathroom renovation maintains its value over time.

Pick your materials and finishes

Here’s where you get to turn those design dreams into reality and get creative. Once the preparatory labor is out of the way, you can pick out finishes like new tile, sinks, tubs, showers, and more.

Sweeten breaks down material costs by range. If you’re looking to renovate on a tighter budget, look at big-box stores like Home Depot, Lowe’s, or Ikea with wall and floor tile from about $3 per square-foot (sometimes even less). Prices increase if you choose to use their interior boxes but upgrade or customize the function or style, such as the door fronts, but these prices remain on the low end.

The middle range covers long-lasting products that offer great value for the money, with tile averaging about $15 per square-foot and fixtures averaging a few hundred dollars. If you pick your finishes correctly, both the low and mid-range options can offer great style and price. The high-end items are those that are highly customized, handmade, or imported items that will cost you hundreds to thousands of dollars for one piece, but have the most luxe quality.

Seeing it all come together

Installation is the final stage of the renovation process where you get to incorporate all of the materials you’ve purchased. Factoring in the price of trained installation specialists will help mitigate any surprise costs down the line. Again, since there’s a lot of plumbing work in the bathroom, this step is best left to the pros. The craftsmanship involved in the installation will affect the prices, as will the size of the pieces that need to be placed, and what degree of customization you need to make all of the pieces fit.

Knowing what to expect when taking on any renovation is key to avoiding surprise charges. Planning and budgeting accordingly will get you the best result, with (hopefully) the least stress.

Sweeten, a free renovation planning service, handpicks the best general contractors to match each project’s location, budget, and scope, helping until project completion. Follow the blog for renovation ideas and inspiration, and when you’re ready to renovate, start your renovation on Sweeten.

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Source

http://domino.com/bathroom-renovation-cost-nyc-budget-guide

Home Depot 4Q profit rides strong home improvement market

photo - FILE - In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)
FILE – In this Feb. 23, 2015, file photo, Prince Addy of Manassas, Va., straightens up the shelves of roofing products at the Home Depot in Falls Church, Va. Home Depot a reports financial results Tuesday, Feb. 20, 2018. (AP Photo/Susan Walsh, File)

NEW YORK (AP) — A strong home-improvement market pushed Home Depot’s profit higher in the fourth quarter, topping expectations.

The Atlanta company’s profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69 per share.

Revenue rose 7.5 percent to $23.88 billion on an increase in customers at existing stores. Same-store sales, a key measure of a retailer’s health, increased 7.5 percent.

Along with a strong housing market pushing more people to invest in their homes, hurricane recovery efforts in southern states and Puerto Rico also helped boost revenue.

Analysts surveyed by Zacks Investment Research expected a quarterly profit of $1.62 per share and $23.66 billion in revenue.

Shares rose more than 2 percent before the market open on Tuesday.

For the full year, Home Depot’s profit climbed 8.5 percent to $8.63 billion as revenue jumped 6.7 percent to $100.9 billion.

Home Depot Inc. is currently heading into its busy spring season and recently said that it would hire over 80,000 seasonal workers. It also announced an app to allow for self-scheduling interviews.

Looking ahead, Home Depot foresees sales climbing 6.5 percent in the new fiscal year, with a profit of $9.31 per share. Analysts polled by FactSet expect earnings of $9.36 per share.

The outlook comes amid a persistently strong housing market, though mortgage rates have been creeping higher.

The pace of Americans signing contracts to buy homes increased for a third straight month in December, raising an index of pending home sales by 0.5 percent, according to The National Association of Realtors.

But, mortgage giant Freddie Mac said last week that average long-term mortgage rates have hit their highest level in almost four years.

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD

Source

http://gazette.com/home-depot-4q-profit-rides-strong-home-improvement-market/article/feed/541145

Home Improvement Marketers Tips

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Handyman tips – DIY solutions for all your problems!

Starting a business is something that we always have in mind. Having your own business is a good venture but do you have any ideas on how you are going to make yourself a success in such a competitive world? Never get to worry if you have tried many of your tricks and have failed, you just didn’t find the right one. The list that we provided for you below will give you the best leads on getting to be successful. You need to ensure that your content is marketed out there. That will have a positive impact on your business. If you have not managed to make a blog, make one and ensure that you hire someone that will be dedicated in providing positive content that is informative to your visitors all the time. Always ensure that you address your issues promptly so that customers can know what they can get from you.   If you have existing leads, ensure that you nurture them properly. One of the ways that you can use is to give your leads the best email marketing. This is how you do it. Once you have god visitors, always be helpful to them and give them the right information that they need at the right time. You might have built your clients in the past and the business that you had with them might have ended. Never worry at all because you still need them. What you need to do is to just remind them of what you can now offer again. In that manner, you are able to always connect with them; they might refer some buyer to your place or site.   The modern type of businesses always progress in a quick way by the use of an online webinar. Take your time and make videos that will sell or market your business. They should not necessarily be live; you can pre-record it and place it on your website.   The use of Google MyBusiness account will keep you in front of the others. This account will ensure that you are easily found by the right people at any one point. For those that want to market roofing, then ensure you use quality leads for roofers. Having this Google account will also boost your rankings when it comes to searching.   Online marketing is always a good thing for every person that is need of venturing into successful business. But never forget that marketing in real life is also important. You always need to ensure that you have kept a light version of your showroom with any team that you work with. This should sound awkward and hard but giving your clients booklets and photos and business cards will keep your clients informed. Now, you should not always be in the office waiting for clients to come for you. Sometimes work without timings. Get out of the office, host an open showroom and interact with your local prospects. This kind of workshop will make people have a feel of your business.   Be time conscious on the small clients that you have. Make a plan and let it be known to everyone. Don’t let your van sleep on the job, let it do the job for you. Decorate your van and let it have your contacts in a brief and noticeable manner.   You can test yourself and your clients. This is simple, get on the move and start a social media competition. This type of competitions will not only work but also bring you the best profit directly to the business. Get to grasp all those people that love everything for nothing by reducing down prices and awarding people online.   Get people to refer others to your business in one way or another. You will need to be wise in this area. Always reward those that bring you referrals. In this way, a majority of people will always strong in your business due to the trust they have on those that have already bought items from you. Having a successful business is not something that you will just sit one day and get it done. You need to always be ahead and think ahead and out of the box. The ideas that we have brought to you here always ensure that you are known by clients and you keep in touch with them. Let the internet do the work for you but you need to be there for it.

Home Improvement Marketers Tips
Handyman Tips

Home Depot profit rides strong home-improvement market

NEW YORK (AP) — A strong home-improvement market pushed Home Depot’s profit higher in the fourth quarter, topping expectations.

The Atlanta company’s profit rose 5.6 percent to $1.78 billion, or $1.52 per share, for the three months ended Jan. 28. Earnings, adjusted for pretax expenses, were $1.69 per share.

Revenue rose 7.5 percent to $23.88 billion on an increase in customers at existing stores. Same-store sales, a key measure of a retailer’s health, increased 7.5 percent.

Along with a strong housing market pushing more people to invest in their homes, hurricane recovery efforts in southern states and Puerto Rico also helped boost revenue.

Analysts surveyed by Zacks Investment Research expected a quarterly profit of $1.62 per share and $23.66 billion in revenue.

Shares rose more than 2 percent before the market open on Tuesday.

For the full year, Home Depot’s profit climbed 8.5 percent to $8.63 billion as revenue jumped 6.7 percent to $100.9 billion.

Home Depot Inc. is currently heading into its busy spring season and recently said that it would hire over 80,000 seasonal workers. It also announced an app to allow for self-scheduling interviews.

Looking ahead, Home Depot foresees sales climbing 6.5 percent in the new fiscal year, with a profit of $9.31 per share. Analysts polled by FactSet expect earnings of $9.36 per share.

The outlook comes amid a persistently strong housing market, though mortgage rates have been creeping higher.

The pace of Americans signing contracts to buy homes increased for a third straight month in December, raising an index of pending home sales by 0.5 percent, according to The National Association of Realtors.

But, mortgage giant Freddie Mac said last week that average long-term mortgage rates have hit their highest level in almost four years.

—————

Elements of this story were generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on HD at https://www.zacks.com/ap/HD

Source

http://news-gazette.com/news/business/2018-02-20/home-depot-profit-rides-strong-home-improvement-market.html

Simple Home Improvement

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