KBB - October 2013 - (Page 48)

Industry VIewpoInt When the Parents Pay, Who’s in Charge? A client visited our showroom recently and said, “I need your help in remodeling my daughter’s bathroom.” At first I thought he was talking about a secondary bathroom in his own home, but I soon realized he was describing the home of his adult daughter, who was married. While this parent knew a lot more about his daughter’s morning routine than most spouses, he was my first encounter with a new trend: parents who pay to remodel their adult children’s homes. He wrote the design retainer check, attended all of the meetings and eventually paid the entire bill for the remodel, even though the design decisions were all made by the homeowners. The homeowner’s parents paid to remodel this master bathroom, a trend observed by many designers. Remodeled by Kitchen Places of Ventura, Calif., the bathroom features alder wood cabinets, quartz countertops and a mirror backlit with fluorescent lamps. Today’s baby boomer-age parents are doing a lot more to help their children, which is a trend noted by many kitchen and bath designers, and I have already designed three parent-funded projects this year. As the aforementioned father, a retired firefighter, said, “My kids have huge student loan bills, and they don’t make a lot of money yet. I’m just happy to be able to help.” Maria Stapperfenne, CKD CBD, of Tewksbury Kitchen & Bath in New York, shared a similar experience. 48 + K BB Quartz was used in the shower for the floating bench and pony wall cap. Porcelain tile is accented with a glass mosaic on the walls. “I worked with the client and her parents at the first meeting, but the final meeting was with just her parents,” she said. “They will be bringing everything back to their daughter, who will then sign off to me, but the parents have already agreed to the amenities and design revisions, as well as leaving me the payment. They claim that they are happy they are still around and able to do this for their kids while they can enjoy it.” Laurie Burke, an account manager with ProSource Wholesale Floorcoverings in Las Vegas, also recognized the trend. “Families often utilize the gift tax exemption as a shelter,” she added. In 2013, individuals may receive up to $14,000 per year without paying a federal gift tax. Parents may also combine their gifts so mom and dad may contribute up to $28,000 in a calendar year to one adult child. Jane Scammon of Sterritt Design in Boston worked with a couple who owned a duplex and were remodeling both units. One was for their son and his wife and kids to move into; the other for themselves. “It was very funny to see how much the parents would permit the son’s wife to make selections,” she said, “and while not stating it outright, they were adamant about spending more on their own unit than that of their children’s.” Frank Iaria of Mint Kitchens by Designwize in Melbourne, Australia, has sold two such projects. “In both my cases, it was a roundtable discussion with all involved, but ultimately the parents let the adult child and spouse make the final decisions on selections and appliances,” he said. The most important thing to consider when selling a project that is bankrolled by the non-inhabiting parents is the paperwork. Rebecca Gullion Lindquist, CMKBD, owner of Lindquist & Company in Duluth, Minn., designed a luxury remodel for a woman who took up residence in her mother’s home and accepted a down payment from the mother’s trust fund. The mother was in a full-time care facility, so the check was soon halted by the bank – the trustee – which said the daughter did not have the authority to make capital improvements. “Be sure to verify who the owner of the home is prior to starting a remodeling project,” said Gullion. Even if the parents say they are paying for the project, the property owner is responsible for all payments. Make sure you have the right signatures on your contract. n — Ronni Fryman is a designer with Kitchen Places of Ventura, Calif., and she has been in the remodeling industry for nearly 20 years. October 2013 / www.kbbonline.com / The Official Sponsor of KBIS www.kbis.com http://www.kbbonline.com http://www.kbis.com

Table of Contents for the Digital Edition of KBB - October 2013

KBB - October 2013
Contents
Online Contents
Editor’s Note
Show Director’s Note
Celebrity Design with...Nicole Curtis
Universal Design
Trends
Products
Reader’s Choice Awards
KBIS Countdown to Design & Construction Week
Dealer Dish
Design
Magical Transformation
Let there be Light
Industry Viewpoint

KBB - October 2013

https://www.nxtbook.com/emerald/kbb/202205
https://www.nxtbook.com/emerald/kbb/202203
https://www.nxtbook.com/emerald/kbb/202201
https://www.nxtbook.com/emerald/kbb/202201_v2
https://www.nxtbook.com/emerald/kbb/202111
https://www.nxtbook.com/emerald/kbb/202110
https://www.nxtbook.com/emerald/kbb/202109
https://www.nxtbook.com/emerald/kbb/202107
https://www.nxtbook.com/emerald/kbb/202105
https://www.nxtbook.com/emerald/kbb/202104
https://www.nxtbook.com/nxtbooks/kbb/202102
https://www.nxtbook.com/nxtbooks/kbb/202102_v2
https://www.nxtbook.com/nxtbooks/kbb/202101
https://www.nxtbook.com/nxtbooks/kbb/20201112
https://www.nxtbook.com/nxtbooks/kbb/202010
https://www.nxtbook.com/nxtbooks/kbb/202009
https://www.nxtbook.com/nxtbooks/kbb/20200708
https://www.nxtbook.com/nxtbooks/kbb/20200506
https://www.nxtbook.com/nxtbooks/kbb/202004
https://www.nxtbook.com/nxtbooks/kbb/20200203
https://www.nxtbook.com/nxtbooks/kbb/202001
https://www.nxtbook.com/nxtbooks/kbb/20191112
https://www.nxtbook.com/nxtbooks/kbb/201910
https://www.nxtbook.com/nxtbooks/kbb/201909
https://www.nxtbook.com/nxtbooks/kbb/20190708
https://www.nxtbook.com/nxtbooks/kbb/20190506
https://www.nxtbook.com/nxtbooks/kbb/201904
https://www.nxtbook.com/nxtbooks/kbb/20190203
https://www.nxtbook.com/nxtbooks/kbb/201901
https://www.nxtbook.com/nxtbooks/kbb/201811
https://www.nxtbook.com/nxtbooks/kbb/201810
https://www.nxtbook.com/nxtbooks/kbb/20180910
https://www.nxtbook.com/nxtbooks/kbb/20180708
https://www.nxtbook.com/nxtbooks/kbb/20180506
https://www.nxtbook.com/nxtbooks/kbb/201804
https://www.nxtbook.com/nxtbooks/kbb/20180203
https://www.nxtbook.com/nxtbooks/kbb/201801
https://www.nxtbook.com/nxtbooks/kbb/201711
https://www.nxtbook.com/nxtbooks/kbb/201710
https://www.nxtbook.com/nxtbooks/kbb/201709
https://www.nxtbook.com/nxtbooks/kbb/20170708
https://www.nxtbook.com/nxtbooks/kbb/20170506
https://www.nxtbook.com/nxtbooks/kbb/201704
https://www.nxtbook.com/nxtbooks/kbb/20170203
https://www.nxtbook.com/nxtbooks/kbb/201701
https://www.nxtbook.com/nxtbooks/kbb/20161112
https://www.nxtbook.com/nxtbooks/kbb/201610
https://www.nxtbook.com/nxtbooks/kbb/201609
https://www.nxtbook.com/nxtbooks/kbb/20160708
https://www.nxtbook.com/nxtbooks/kbb/20160506
https://www.nxtbook.com/nxtbooks/kbb/201604
https://www.nxtbook.com/nxtbooks/kbb/20160203
https://www.nxtbook.com/nxtbooks/kbb/201601
https://www.nxtbook.com/nxtbooks/kbb/20151112
https://www.nxtbook.com/nxtbooks/kbb/201510
https://www.nxtbook.com/nxtbooks/kbb/201509
https://www.nxtbook.com/nxtbooks/kbb/20150708
https://www.nxtbook.com/nxtbooks/kbb/20150506
https://www.nxtbook.com/nxtbooks/kbb/201504
https://www.nxtbook.com/nxtbooks/kbb/20150203
https://www.nxtbook.com/nxtbooks/kbb/201501
https://www.nxtbook.com/nxtbooks/kbb/20141112
https://www.nxtbook.com/nxtbooks/kbb/201410
https://www.nxtbook.com/nxtbooks/kbb/201409
https://www.nxtbook.com/nxtbooks/kbb/20140506
https://www.nxtbook.com/nxtbooks/kbb/201404
https://www.nxtbook.com/nxtbooks/kbb/201403
https://www.nxtbook.com/nxtbooks/kbb/201402
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201401
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20131112
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201310
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201309
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20130506
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201304
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201303
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20130102
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20121112
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201209
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20120506
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201204
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201203
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20120102
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201112
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201109
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20110506
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201104
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201103
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20110102
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201011
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201009
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201006
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201004
https://www.nxtbook.com/nxtbooks/nielsen/kbb_201003
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20100102
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20091112
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200909
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200910
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200908
https://www.nxtbook.com/nxtbooks/nielsen/kbb_20090607
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200905
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200904
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200903
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200902
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200901
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200812
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200811
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200810
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200809
https://www.nxtbook.com/nxtbooks/nielsen/kbb_200808
https://www.nxtbookmedia.com