When people are perusing their options for home improvements, it’s common to want to choose projects that will provide the highest return possible for the money spent. Kitchen & bath remodeling generally comes in at the top of the list of cost-effective improvements. This is especially true for houses that have features or elements that are old and outdated.
Keep it Simple
Kitchen & bath remodeling can result in a significant return on investment, especially if homeowners plan a simple remodel instead of an elaborate project. A simple kitchen project might include replacing appliances, cabinet doors, plumbing fixtures, hardware, and paint. The cosmetic overhaul that results from this type of work can be significant, while the expense is not astronomical. A simple bathroom project might involve new sink, tub, and shower fixtures; lighting; and paint. To ensure that the project will actually enhance value, homeowners should strive to keep the cost of a remodeling project no more than 25 percent of the total value of the residence.
The cost to remodel depends on geographic location, materials chosen, and contractor hired. However, an average minor remodel in the kitchen might come in between $8,000 and $12,000. In the bath it could be as little as $3000. A homeowner investing this amount in a residence could reasonably expect to recoup the cash outlay by 100 percent or even more with the value added to the home’s selling price.
Kitchen & bath remodeling has a variety of benefits for the homeowner, both immediately and down the road. These enhancements can improve lifestyle immediately, making these rooms infinitely more enjoyable for the family. When it comes time to sell the residence, prospective buyers will appreciate the renovations.