302016Jul
Remodeling Your a Kitchen and Bathroom – Using 303k HUD Program

Remodeling Your a Kitchen and Bathroom – Using 303k HUD Program

Pine Tree Construction (PTC) is a family-owned and operated business for over 30 years in Utah and California. Our business is built upon honesty, integrity, and high-quality performance.

For more than 30 years, PTC has helped owners bring their building dreams into reality. We not only deliver superior construction quality, but we put our clients first with valued engineering ideas to save money and time. Throughout our 30 years of operation, we have always had one goal in mind, Customer Satisfaction.

We are a member of Better Business Bureau. Additionally, we are a certified contractor for 203(K) HUD program.

PTC has taken the time to build a solid foundation of expertise and knowledge that offers our clients a systematic and ground-up approach for any type and size of projects.

We are proud to offer financing to help our customers bring their dreams into reality by choosing a program that will meet their needs. We also accept credit cards and PayPal. By using these products; we can build your commercial project, your first home, build your
retirement nest, finish your basement, add a new bedroom and bathroom, or do an addition to help you with your growing family and many other renovations.

Building on a rich legacy of excellence and integrity, PTC will make your dreams and concepts a reality in a timely manner and affordably with outstanding customer satisfaction through each phase of building project.

Hud 203k loans can be used for various renovating projects.

The following is based on the Houzzers:

Where Does the Money Go?

Kitchens, bathrooms, and living or family rooms are more likely to be renovated than any other room, according to the survey. The kitchen gets the most attention: Nearly one-third of all renovators remodeled the heart of their home, and more than 40 percent of recent home buyers did. Bathrooms are right behind in popularity.

Homeowners spent an average of 12 percent more to remodel a kitchen in 2015 than they did in 2014, as more shifted to broader-scale projects. A major kitchen overhaul, which includes at least replacing all the cabinets and appliances, cost about three times as much as a minor kitchen renovation.

In addition to redoing interior spaces, many home buyers who are renovating update core functions like plumbing and electrical systems, home automation, heating and cooling, as shown here. This isn’t the glamorous stuff, but it sure makes a home run more efficiently.

The average spend on master bathrooms also grew 12 percent year over year, as more homeowners replaced at least the cabinetry or vanity, the toilet and the counter tops. Getting a pro involved in a major bathroom overhaul (or a kitchen renovation, for that matter) raised the cost by about 44 percent. Nonetheless, 85 percent of renovators hired pros for help with their projects. Most of us need the help!

How Are Remodels Funded?
Credit card, savings account, personal financing, home equity loans, and 203k HUD Program, and of course parents or inheritances.

When owners finally embark on a renovation, those projects do take time. And typically, the construction phase is only about one-third of the time for the total renovation process, including the planning phase.

As the American economy has improved, owner motivations for renovating have begun to subtly shift. In 2015, slightly more respondents said their trigger was finally having the time, compared with those who said the trigger was finally having the money. Though clearly both factors are important, it’s a switch from 2014, as this chart shows, when more people cited finally having
the finances than finally having the time as their renovation trigger.

Notably, the No. 1 reason people decided to renovate instead of buy was a desire to stay in their current home or on their current lot or land, according to the Houzz & Home survey. Forty-nine percent of survey respondents who renovated cited this as a reason. Twenty-eight percent said that renovating was more affordable than buying a different home.

Desire to stay in place increased with age: 26 percent of millennials (ages 25 to 34) wanted to stay in place, while 45 percent of Gen Xers (35 to 54) and 56 percent of baby boomers (55-plus) did. The data aligns with other noted trends: People aren’t trading up in housing, according to real estate data site Redfin. In 2001, the median amount of time a homeowner stayed in a home was four years. By last year, that had risen to a median of nine and a half years.

Of course, many Houzzers renovate due to outdated design.