Olympia Construction is a Thurston County based general contractor dedicated to responsible building and development.

 
 

Outdoor living plays larger role in selling new homes

Survey: Outdoor living plays larger role in selling new homes

As the average size of new homes continues to shrink and more people choose to entertain at home, demand for outdoor living features grows, according to a survey of Professional Builder readers.

By David Barista, Editor-in-Chief, Professional Builder
April 5, 2012
Outdoor living, professional builder survey, outdoor living trends

As the average size of new homes continues to shrink and more people choose to entertain at home, demand for outdoor living features grows, according to a survey of Professional Builder readers. Photo: KitchenAid

Next to energy efficiency, perhaps no other market trend is changing the landscape of new-home design than outdoor living. Long a key part of the residential design vernacular, outdoor living has gotten renewed focus in recent years as homeowners look to maximize living and entertainment space without dramatically impacting overall costs.

The home-building community has taken notice. Many builders now offer a full line of outdoor living options, from traditional features like decks, landscaping, and fully sodded lawns to contemporary options like outdoor fireplaces, fire pits, and kitchens. Some builders are even using the trend as an incentive to get potential buyers in the door. For instance, Atlanta-based Edward Andrews Homes is offering free upgrades like brick-paver patios, screen-in porches, and outdoor kitchens to entice buyers.

According to an October 2011 survey of more than 230 Professional Builder readers, 60 percent of builders said they had expanded their lineup of outdoor living options during the past 12 months (Chart 3), and more than half said that, when it comes to selling new homes, outdoor living is more important today than two years ago; only 10 percent said it is less important (Chart 1).

 

Moreover, nearly half of respondents (46 percent) said they are seeing increased demand for outdoor living features than a year ago, while only about 9 percent said they are seeing less demand (Chart 2).

“The bottom line is people are staying home and entertaining more, and they want to have inviting areas to attract their friends,” said one respondent. Another builder said, “I now include patio-deck spaces off of as many major living areas as possible. Outdoor space is cheaper to build than enclosed space and it increases the livable area of the building in my clients’ eyes at a lower cost per square foot without posing zoning issues.”

When asked to select their top three best-selling outdoor living features, the largest number of builders identified decks, outdoor fireplace/fire pits, and landscaping, followed by screened-in porches, stone/brick patios, and exterior lighting. More than one in three respondents said decks are a major seller, while 29 percent cited outdoor fireplace/fire pits. Surprisingly, more than 16 percent said fully equipped outdoor kitchens were a best-seller — a luxury item traditionally seen in only the highest end of the housing market (Chart 4).

One reason for the growth in outdoor kitchens, said one survey respondent, is the emergence of outdoor-specific appliances and systems for kitchens and entertainment areas. “Just a few years back, appliances and electronics designated for outdoor living areas were really made for interior applications and were not very effective,” said the builder. “Now manufacturers are making useable products for the outdoor environment, such as TVs with glare-free screens.”

What are builders offering as standard? Landscaping, decks, exterior lighting, and fully sodded lawns top the list of outdoor living features that are included in the base price of a new home, according to survey respondents. Almost half of builders said they offer landscaping as a standard feature with their new homes, while about a third said they provide features like decks, exterior lighting, and fully sodded lawns in the base price. Fenced backyards, sliding/folding patio doors, and stone/brick patios were also frequently cited by survey respondents (Chart 5).

Article by ThurstonTalk.com

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Remodel Your Kitchen or Bathroom For The Best ROI

Home Renovation: Kitchen Remodeling and Bathroom Remodeling

 

 

 

Remodel Your Kitchen or Bathroom For The Best ROI!

Trying to decide which home renovation project to tackle next? To start you must decide if you are remodeling to improve an area of your home that is in need of some TLC or if you are remodeling to maximize your Return On Investment (ROI). If a specific area in your home needs TLC then your decision is straight forward. However, if all areas of your home are in decent shape and you are looking to maximize your investment in your home then your decision is a little easier.

To get the greatest return on your money, without adding additional square footage to your home, you should consider remodeling your kitchen. On average a Kitchen Remodel will yield an ROI of 80-100%! This is an amazing rate of return on any investment, but the added bonus is that as a homeowner you get to enjoy the benefits of your Kitchen Remodel until you sell your home.

Another room to consider remodeling to maximize your return on investment is your bathroom. As a side note, if you live in a home with more than two bedrooms and only one bathroom you might want to find a way to add an additional full or half bath somewhere in your home. This will dramatically increase the resale of your home. If that is not an option or you already have enough bathrooms for your home consider remodeling your current bathroom. On average bathroom remodels yield an ROI of 80-90%.

Home Renovation: ROI Questions Answered

One of the main reasons both the Kitchen and Bathroom have such a high rate of return is that most buying decisions (including home buying) are based on emotion. When homebuyers walk into a home that has a run down kitchen or bathroom all they think of is the time, money, and headaches they will need to invest to get the room up to their standards. On the flip side when homebuyers walk into a home that has a fresh updated kitchen it can get them very excited. They know they won’t have to lift a finger in this room to improve it, thus they can afford to spend a little more on the purchase price of the home knowing that the kitchen is already in great shape. The same principle applies to the bathroom.

You might ask yourself why all projects don’t adhere to this same principle. The answer is even though it is a sound investment to replace you roof, siding, or windows the reality is all homebuyers assume that these will be present and in decent condition. There is limited emotional value in having a new roof so homebuyers don’t get too excited about it either way. The return on investment for these projects ranges from 40-50%.

So if you want to increase the resale value of your home consider a home renovation of your kitchen or bathroom. After all, you may live in your home but don’t forget, if you are like most homeowners, your home is also your largest investment. Be a savvy homeowner and treat your home as an investment.

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See what our clients have to say about their experience with Olympia Construction

Reviews
Olympia Construction Inc.
- Mar 11, 2011
Our second experience with Olympia Construction was just as great as our first, the first a $25k downstairs remodel with custom-mill work and hardwood floors, and our second an upstairs water-damage repair. Olympia Construction’s professional and trustworthy staff and work will also have our business whenever the economy upturns and we can afford to renovate the upstairs. I always felt safe in the house with the workers, and felt safe enough to leave them in the house without us there, as well. That’s rare. Top notch. You won’t regret calling them.

 

Need more closet space but don’t want to do a large renovation?

Olympia Construction can take your existing closet space and make it more usable with the same footprint. The pictures below are an example of one of our closet facelifts

Closet Before

Closet Before

Closet After

Plenty of storage using the same footprint

Olympia Construction can do whatever your heart desires when it comes to remodel or just simple space saving ideas to better use the space you already have

www.olyconstruction.com

Granite Quartz or ??

Hard RockGranite is the headliner in most kitchen remodels. Should quartz get more than second billing?

  • By Lauren Hunter

Hard Rock – Colorful Countertops

Surfacing manufacturers are expanding their color palettes. See what’s new from Cambria, Formica, Granite Transformations, Hanwha Surfaces, and Silestone.

Whether homeowners work on it before a meal or gather around it afterward, the countertop is arguably the most visible item in a kitchen. And according to a 2010 REMODELING Reader Panel survey, homeowners are choosing granite countertops by a margin of about 3 to 1 over the next most popular materials (see chart).

 

But why does granite get all the attention? Manufacturers and installers of granite and quartz weigh in on the benefits of each type of stone.

 

After nature does its part, mined quartz is crushed and mixed with resin to create subtly patterned slabs. 

Pressure & Time
After nature does its part, mined quartz is crushed and mixed with resin to create subtly patterned slabs.

Beauty & Movement
“The customers we see that are looking at granite really are looking for that beauty and movement in the stone,” says Troy Roering, sales and marketing manager for Stone Holding Co., in Waite Park, Minn. “With granite, it’s like choosing a piece of art, whereas customers who want a more consistent look will choose quartz.”

Remodeler Ben Thompson agrees. “Both granite and quartz are premium products, but it comes down to aesthetics,” says the co-owner of Thompson Remodeling, in Grand Rapids, Mich., noting granite’s impact during the sales process. “We can take our clients shopping, pull out a big slab and show them that it’s the most dramatic and substantial item they’re getting for their new kitchen.”

Credit: REMODELING Reader Panel, April 2010 

At the same time, Cambria PR director Stacia Smith says quartz is one of the fastest growing surfacing categories in the industry. “Granite is a mix of quartz, filament, and mica, and it’s the quartz component that gives the stone its strength,” she says. “While some granites can have as little as 20% or 30% quartz, a quartz countertop can have as much as 93% quartz and only 7% coloring and binding.”

Porous granite also requires sealing against moisture, adds Hanwha Surfaces product designer Lisa Herreth, and the consistency of quartz means the material can be seamed more easily than granite where fabricators may need to work with or around veining and inclusions in the stone. To that end, Thompson says he often finds that quartz installations require more seaming, while granite installations result in more waste.

Price It
For customers concerned about cost, Roering says that quartz does tend to cost more than base-level granite. However, “granite price has nothing to do with quality and everything to do with availability of that stone in the world,” he says. “If they’re quarrying 10 blocks and nine of them are usable, we would put that granite at a level-one or -two price point. But if only one of the 10 is usable, it would likely come in at a premium pricing category.”

Herreth adds that most quartz is cost-competitive with granite, particularly since the price of some stones has dropped dramatically in recent years, and can include green elements such as recycled content (usually glass), which might interest some homeowners. “Stone materials are going to last a lifetime,” she says, “so homeowners should consider choosing colors and patterns that will stay in style for the duration.”

—Lauren Hunter, associate editor, REMODELING.


 

Olympia Construction wins Judges award for best remodel 2010 Tour of Homes

We are proud to have been selected the 2010 Tour of Homes best remodel, the home is located out Cooper Point turn right on 57th follow the signs we will be open for tours this weekend October 9th and 10th 11 A.M. to 5 P.M. stop by to see this award winning home and get design ideas for your project.