Bathroom Remodel in Your Future?

New Year’s Resolution: Remodel the Bathroom?

It’s no secret that bathrooms are a popular room to remodel—because of outdated features, different decorating taste from the previous owners or simply normal wear and tear on a very functional room of your home. If the New Year has you thinking about remodeling a bathroom, here are a few things to consider:

  • Luxury Bathroom 300x211 Bathroom Remodel in Your Future?Timely or Timeless Style – Before you remodel, picture what it will look like in a couple years when you sell your home. Will you still enjoy that trendy sink? Make sure future buyers will, too. Otherwise they’ll factor in the cost of their own remodel when making an offer.
  • Costs—Good News – Right now many contractors are eager for work, and prices are lower for their materials and labor, so now may be an ideal time to make your bathroom more livable.
  • Resale Value – You may have heard during the housing boom that bath remodels add value to your home. These days you can recoup about 64% of the costs of a minor bathroom remodel, according to Remodeling magazine’s “2010-11 Cost vs. Value Report.” If your bathroom is especially in need of updates, you may recapture more.
  • Too Much? Think Small – If you’re not ready for a full remodel, then a fresh coat of paint, new towels and a pretty framed print can do wonders to update your bathroom—and give you a new look for 2011.

Remember: you and your family are the ones using your bathroom on a daily basis, so think about whether it makes you feel good when you brush your teeth every morning.

If you’d like more information about how a remodel can affect the value of your home, please don’t hesitate to call or email.

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Tim Horton’s – Closes 36 U.S. Stores

Tim Hortons closes 36 U.S. stores

11/11/2010 9:01:19 AM

CBC News
Tim Hortons says it plans to close the doors at 36 of its coffee and doughnut shops in the northeastern United States.

The iconic Canadian restaurant operator has been making inroads into the U.S. market but announced that it will make a strategic retreat from Providence, R.I., and Hartford, Conn.

All but two of the store closures will come in those two cities, and the company will record a $20.9 million US accounting charge to reflect the impaired value of those assets.

That will be followed by an additional charge of up to $30 million US that will be recorded in the fourth quarter.

The closures, which represent a small fraction of the 600-plus stores Tims has in the United States, were largely responsible for the company’s third-quarter profit falling short of analysts’ expectations.

Tim Hortons earned $73.8 million in the third quarter, or 42 cents per share – up more than 20 per cent from last year, but falling short of analysts expectations of 53 cents per share.

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