Kitchen and bathroom remodels are some of the most popular choices home improvement projects when homeowners are looking to renovate or upgrade their house.
Updating the kitchen and bathroom adds so much value to a home that the project literally pays for itself. Most homebuyers look at the bathroom and kitchen first because they are considered expensive to remodel. To avoid the cost, most buy homes with updated kitchens and baths – if given the choice.
Benefits of Kitchen Remodels
A 2015 “Remodeling Cost vs. Value Report” released by “Remodeling” found that the average mid range kitchen remodel project costs the homeowner about $57,000, and returns about $38,500 or about 67.5% of the cost on resale. Depending on the value of your home, a high-quality kitchen remodeling project can increase the resale value by 10-25%, making it an excellent home investments.
Besides the higher home resale value, a kitchen renovation offers the following benefits:
- Updated kitchen: If you find that you take too much time and effort preparing food, cleaning dishes, and generally keeping the entire kitchen tidy because of outdated appliances and a stuffy kitchen, then updating the appliances can provide a major boost in your food preparation and dining experience. Even low-budget options like repairing the cabinets and walls with a bright color or changing the panels to create a cohesive look can transform a stodgy kitchen into a vibrant and inviting space.
- Increased happiness and contentment: If you plan on living in your current home for another five or more years, then increasing the value of your home may not necessarily be the only goal of a kitchen remodel. Simply turning your kitchen into the space you’ve always dreamed of, to bring your family together with homemade meals, ease the stress of life, or make your home brighter, can be a worthwhile investment.
- Better organization and safety: A kitchen remodel is a great opportunity to optimize the available kitchen work area and storage space, replace outdated appliances, and fixed damaged floors and other surfaces for safety and efficiency.
Benefits of a Bathroom Renovation
A 2015 “Remodeling Cost vs. Value Report” released by “Remodeling” revealed that homeowners expect to spend about $16,700 on average for a midrange bathroom remodel, which returns between 70 and 100 % of the expenditure at resale. In addition to the increased value of your home, a bathroom remodel also offers:
- Better space usage – If you are not satisfied with your bathroom layout, there are probably a few changes you can make to make it more pleasant. Common changes involve larger closets and cabinets, more counter space, and cabinet updates to accommodate more electrical outlets for charging – electric toothbrush, hair dryer, shaving machine, etc. Custom spaces can also be created to hold a drying rack or create in-shower seating.
- A reflection of your personal style – Your bathroom is one of the spaces in your home that you can put your personal stamp without breaking the bank. Options range from vintage pieces and rustic details to contemporary sink, faucet, and cabinet designs, all of which add charm and uniqueness to this personal space.
- Enjoy the newest technology – Depending on your budget, you can upgrade your bathroom for a more luxurious feel with wall-mounted TVs, hi-fi system, a jacuzzi, and green fixtures (such as low-flow toilets), among others.
Kitchen and bathroom renovations are very satisfying projects. Even if you are not ready to sell your home yet, you can enjoy the space a lot more when it’s updated, and sell it at a higher price when you put it up for sale. Contact Fidelity Builders & Design for a FREE in-home estimate.