Add Value to Your Home By Remodeling
Just about any realtor will tell you that the kitchen and bathroom are probably the two most important rooms in your home when it comes to appealing to a potential buyer. So it makes sense to add value and appeal to your home by remodeling and renovating these rooms.
Give Your Kitchen a New Look
Many buyers look at the kitchen first. The size & layout of the kitchen and quality of the appliances can make or break a potential sale. Even a basic kitchen remodeling project can make a big difference when it comes to showing your home, and can increase your chances of a quick sale. If you aren’t selling your home, the extra space, the increased efficiency & ease of use, and an attractive new look can benefit your family for years to come.
Of course, if you are spending money on a kitchen remodeling project, you want to recoup some of it. Remodeling your kitchen is considered to be one of the potentially most profitable projects you can undertake. On average, you can expect to recoup anything from about 60 to 80 percent of the costs of remodeling, although of course it is possible to get back more than that. Remodeling your kitchen is the ideal opportunity to replace some of those outdated appliances with more efficient and energy saving models.
The average cost of a kitchen remodeling project is about $22,000, although some homeowners can spend up to $50,000 for a state of the art kitchen. However, you don’t need to spend as much as that to give your kitchen a new look and add value to your home; you can enjoy a new look kitchen for as little as about $4,000. Your kitchen will look far more appealing with some new cabinet handles, a fresh coat of paint, a new back splash or some more attractive blinds.
A newly remodeled kitchen can also compensate for other areas of your house which perhaps aren’t quite as appealing. Some of these you may not be able to do too much about, including the size of the bedrooms or the layout of the yard. Many home buyers are more than prepared to compromise if they walk into the kitchen of their dreams. If you are doubtful just how important a spacious and well equipped kitchen can be, just watch any of those house hunting shows on TV.
Remodeling your kitchen can also add valuable and useful living space to your home. Think of how often you and your family use the kitchen for a purpose other than eating; it often serves as a place to sort through the mail and pay bills, the preferred place to do homework, and of course all the best parties end up in the kitchen. An inviting and spacious kitchen typically serves as the natural focal point or family meeting place of most homes.
Renovate Your Bathroom
It isn’t just the kitchen that can add value to your home. If you want to get top dollar for your house sale, you may want to consider a bathroom remodeling project. Just like spending money on your kitchen, putting money into an outdated, cramped or uninviting bathroom can make a big difference when you are showing your house. And if you aren’t planning to sell your home any time soon? Your new look bathroom really can become a sanctuary from the stresses of life, and be a place to relax, read a book, enjoy a glass of wine and perhaps a romantic evening for two.
A bathroom remodeling project can also give your home some much needed storage space, and extra storage in the bathroom is ideal for seasonal clothing, cleaning supplies, decorations and luggage, as well as the obvious towels and toiletries. Bathroom remodeling is also the perfect chance to fix or upgrade some of those annoying things that you otherwise probably wouldn’t bother with – a dripping tap, cracked tiles or faded paintwork. Today’s bathrooms come with innovations and technology that were unheard of at one time, and if you want to watch TV in the bathroom, now is your chance.
Making Your Home Efficient
You can also enjoy a more energy efficient home when you undertake a kitchen or bathroom remodeling project. And of course, an energy efficient home can appeal to a potential home buyer just as much as extra storage space. The average bathroom remodeling project can increase a home’s value by several thousand dollars, more if the renovations feature the latest in energy efficient appliances and fixtures. Many homeowners today put energy efficiency towards the top of their list of ‘must haves.’ Even if you aren’t selling your home, the savings on energy and utility bills will surely be appreciated.
A new look kitchen or bathroom can be a sensible investment, whether you plan to stay in your home for the foreseeable future or are looking for a quick sale.