Kitchen Remodel Considerations

As a seasoned General Contractor, my professional recommendations for enhancing and improving your kitchen with a focus on increasing the value of your home revolve around strategic investments that combine aesthetics, functionality, and quality. When it comes to kitchen upgrades, certain areas tend to deliver the best return on investment, ensuring your home stands out in the competitive real estate market.

First and foremost, consider upgrading your kitchen's cabinetry. Replacing outdated or worn cabinets with high-quality, modern options can breathe new life into the space and significantly boost your home's value. Opt for durable materials and styles that complement the overall design of your home, striking a balance between classic and contemporary aesthetics.

Next, pay attention to the kitchen's focal point – the countertops. Investing in attractive, low-maintenance, and durable surfaces like granite or quartz can make a lasting impression on potential buyers. A well-chosen countertop material enhances the kitchen's overall appeal and increases the perceived value of your home.

To create a welcoming and functional atmosphere, consider upgrading kitchen appliances. Stainless steel appliances not only lend a sophisticated look but also signal quality to potential buyers. Energy-efficient appliances are also a wise choice as they offer cost savings in the long run, appealing to eco-conscious homebuyers.

Additionally, don't overlook the importance of proper lighting in the kitchen. Installing well-designed lighting fixtures can transform the ambiance and functionality of the space. Recessed lighting, pendant lights over the island, and under-cabinet lighting can add depth and warmth, making your kitchen feel inviting and practical.

Lastly, focus on enhancing the kitchen's flow and layout. Consider opening up the space by removing non-structural walls or adding an island if it complements the available space. A well-designed kitchen layout that maximizes storage, counter space, and flow can leave a lasting impression on potential buyers and add significant value to your home.

In conclusion, investing in high-quality cabinetry, attractive countertops, modern appliances, well-designed lighting, and a functional layout are key elements to enhance your kitchen and increase the value of your home. By making thoughtful and strategic choices, you can create a kitchen that not only meets your needs but also becomes a valuable asset when it's time to sell your home.

In the Midst of a Boom, Existing Properties Need to Compete with New Construction

Denver is in the midst of a boom in the multifamily market. Over 80 new projects were completed in the last 5 years, and with 25,000 units under construction this year and 3,246 new apartments delivered in the first quarter, existing projects need to step it up to compete.

Average rents for apartments built since 2010 are 60% higher than rents for apartments built in the 1970’s. Compare $1729 versus $1079 respectively and it’s clear that outdated multifamily properties need to renovate, remodel and add amenities in order to take advantage of rising rental rates. 

Chris Tolar, President of Stonebridge Builders, a Denver-based commercial construction company specializing in apartment renovations says, “The bulk of our business is in multi-unit apartment rehabs. Regardless of location, property owners are feeling the pressure to upgrade and update individual units given the current market conditions. The increase in inventory of brand new units is creating a pressure to keep up and compete. “

Stonebridge Builders Business Development Director, Lance Miller, confirms that complete unit renovations and clubhouse remodels consist of the bulk of their contracts for properties with larger renovation budgets. However, for apartment communities with tighter budgets, upgrading existing common areas and clubhouses and adding amenities like BBQs, dog runs, dog washes and especially package rooms, allows them to compete with new construction.

Construction of a package room can be a big upgrade at a relatively low price point compared to other renovations. Package rooms provide a much desired, convenient service for residents. Safe, 24-7 access to package retrieval is an amenity most residents are willing to pay extra for, and can be a deciding factor when choosing a community.

Tolar says, “Since Amazon has come on the scene, with most people doing the bulk of their shopping online these days, it can be a major burden for the on-site staff to constantly have to pull packages for residents. As a solution, we convert space inside of a clubhouse or common area into a self-service package retrieval facility. For communities that just don’t have inside space to convert, outdoor/weatherproof lockers are also available. Also, we can, and have built additions to house a new package room when space is limited.”

Whether you’re considering a complete overhaul of your multifamily property, a new clubhouse or looking to add or upgrade specific amenities, call Stonebridge Builders, the industry expert in Rehabs and construction.