First Colorado Land Office
First Colorado Land Office Inc.
7385 West Highway 50
Salida, Colorado 81201
Broker Associate: Robert Burkart e-PRO, GRI
Realtor, Member NAR, CAR, CCBOR
Email: Bob@BobBurkart.com
Cell phone.........................(719)221-0672
Office................................(719)539-6682
Toll free............................(800)727-0507

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Reasons You Need a Realtor

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Things to do When Selling

Low Cost Ways to Spruce-up Your Home

Remodeling and What You Should Know

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Reasons to Own your Own Home

Things to take the Trauma out of Homebuying

How to Prepare for Home Ownership

Finances in Order?

Pros and Cons of Condos

Tips for First Time Buyers

Tips for Buying in a Tight Market

What Your Home Inspection Should Cover

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Jeep, Car and Van Rentals

Remodeling That Pays

Upgrading your home is always appealing, but which enhancements get you the best return for your money when it’s time to sell? The 2004 Cost vs. Value Report by Remodeling magazine and REALTOR® Magazine has the answer. Visit REALTOR® Magazine Online's Cost vs. Value page to view reports from previous years, order reprints, and find out how you can take part in next year's survey. Here are the national averages for 10 of the projects in the 2004 report:

MAJOR KITCHEN REMODEL

Update an outmoded 200-square-foot kitchen with new cabinets, laminate countertops, and standard double-tub stainless-steel sink with standard single-lever faucet. Include energy-efficient wall oven, cooktop, ventilation system, built-in microwave, dishwasher, and garbage disposer. Add custom lighting and new resilient floor. Finish with painted walls, trim, and ceiling. Include 30 linear feet of semi-custom grade wood cabinets, including a 3-by-5-foot island.

National Average
Job cost: $42,660
Value at sale: $33,890
Cost Recouped: 79.4%

BATHROOM REMODEL

Update bathroom that's at least 25 years old. Replace all fixtures to include standard-sized tub with ceramic tile surround, toilet, solid-surface vanity counter with integral double sink, recessed medicine cabinet, ceramic tile floor, and vinyl wallpaper.

National Average
Job cost: $9,861
Value at sale: $8,887
Cost Recouped: 90.1%

MASTER SUITE ADDITION

On a house with two or three bedrooms, add a 24-by-16-foot master bedroom suite over a crawlspace. Include walk-in closet/dressing area, whirlpool tub in ceramic tile platform, separate 3-by-4-foot ceramic tile shower, and double-bowl vanity with solid surface countertop. Bedroom floor is carpet; bath floor is ceramic tile. Paint the walls, ceiling, and trim. Add general and spot lighting and exhaust fan.

National Average
Job cost: $70,245
Value at sale: $56,257
Cost Recouped: 80.1%

FAMILY ROOM ADDITION

Add a 16-by-25-foot room on a crawl space foundation with vinyl siding and fiberglass shingle roof. Include drywall interior with batt insulation, prefinished hardwood floor, and 180 square feet of glazing, including windows, atrium-style exterior doors, and two operable skylights. Tie into existing heating and cooling.

National Average
Job cost: $52,562
Value at sale: $42,347
Cost Recouped: 80.6%

WINDOW REPLACEMENT

Replace 10 existing 3-by-5-foot double-hung windows with vinyl- or aluminum-clad, double-glazed, wood replacement windows. Wrap existing exterior trim as required to match. Don't disturb existing interior trim.

National Average
Job cost: $9,273
Value at sale: $7,839
Cost Recouped: 84.5%

ROOFING REPLACEMENT

Remove existing roofing to bare wood and dispose of properly. Install 30 squares of fiberglass asphalt shingles with new felt underlayment, galvanized drip edge, and mill-finish aluminum flashing.

National Average
Job cost: $11,376
Value at sale: $9,197
Cost Recouped: 80.8%

ATTIC BEDROOM

In a house with two or three bedrooms, convert unfinished space in attic to a 15-by-15-foot bedroom and a 5-by-7-foot shower bath. Add a 15-foot shed dormer and four new windows. Insulate and finish ceiling and walls; carpet unfinished floor. Extend existing heating and central air conditioning to new space. Retain existing stairs.

National Average
Job cost: $35,960
Value at sale: $29,725
Cost Recouped: 82.7%

BASEMENT REMODEL

Create a 20-by-30-foot entertaining area with wet bar, a 5-by-8-foot full bath, and a 12-by-12-foot auxiliary room. Exterior walls are insulated. Include five six-panel primed hardboard doors. Main room includes 15 recessed ceiling light fixtures, three surface-mounted light fixtures, and snap-together laminate flooring system. Bathroom includes standard white toilet, vanity with cultured marble top, resilient vinyl flooring, two-piece fiberglass shower unit, a light/fan combination, vanity light fixture, and recessed medicine cabinet. Bar area includes 10 linear feet of raised panel oak cabinets with laminate countertops, stainless steel bar sink, single-lever bar faucet, under-counter refrigerator, and vinyl floor tile.

National Average
Job cost: $47,888
Value at sale: $36,457
Cost Recouped: 76.1%

SUNROOM ADDITION

Add a 200-square-foot sunroom to a two-story house. Form and pour footings for slab-on-grade foundation. Use exposed post-and-beam framing on interior side and extruded aluminum window frame-and-flashing system with insulated, low-E, laminated, or tempered glazing. Provide for natural ventilation using screens and ceiling fan. Insulate all non-glass areas; provide movable shades for glass area.

National Average
Job cost: $31,063
Value at sale: $22,002
Cost Recouped: 70.8%

DECK ADDITION

Add 16-by-20-foot deck using pressure-treated SYP joists supported by 4-by-4 posts set into concrete footings. Install composite deck material in a simple linear pattern. Include a built-in bench, a planter of the same decking material, and stairs. Provide a railing system made of the same composite material as the decking or a compatible vinyl system.

National Average
Job cost: $6,917
Value at sale: $6,000
Cost Recouped: 86.7%

12 Tips for Hiring a Remodeling Contractor

  1. Get at least three written estimates.

  2. Get references and call to check on the work. If possible, go by and visit earlier jobs.

  3. Check with the local Chamber of Commerce or Better Business Bureau for complaints.

  4. Be sure that the contract states exactly what is to be done and how change orders will be handled.

  5. Make as small a downpayment as possible so you won’t lose a lot if the contractor fails to complete the job.

  6. Be sure that the contractor has the necessary permits, licenses, and insurance.

  7. Be sure that the contract states when the work will be completed and what recourse you have if it isn’t. Also remember that in many instances you can cancel a contract within three business days of signing it.

  8. Ask if the contractor’s workers will do the entire job or whether subcontractors will do parts.

  9. Get the contractor to indemnify you if work does not meet any local building codes or regulations.

  10. Be sure that the contract specifies the contractor will clean up after the job and be responsible for any damage.

  11. Guarantee that materials used meet your specifications.

  12. Don’t make the final payment until you’re satisfied with the work.