Kitchen and bathroom remodels are some of the most popular home improvement projects to be undertaken, and for good reason! By improving form and function for a home, these effectively bump up property values big time, making it easier for you to profit from putting your home on the market. And even when you’re not looking to sell, high property values is something to be proud of as a homeowner.
By the Numbers
In its 2018 Cost vs. Value report, Remodeling Magazine indicated a recoup rate of 59% for a mid-range major kitchen remodel, 53.5% for an upscale major kitchen remodel, 81.1% for a mid-range minor kitchen remodel, 70.1% for a mid-range bathroom remodel, 58.2% for an upscale bathroom remodel and 70.5% for a mid-range universal design bathroom project. While home values are affected by a number of factors, including location, these figures show that a kitchen or bathroom remodel doesn’t have to be massive in scope to offer benefits, which is great news for homeowners who need to stick to a budget.
According to a 2017 Time article, real estate site Zillow.com reported that homes in lighter shades of periwinkle and powder blue, especially in bathrooms, lead to up to a $5,340 home value increase on average. On the other hand, whites and off-whites are generally favored to attract more home buyers, but properties with bathrooms in those colors only saw an increase in home value by $4,035 on average.
Whether you’re doing a kitchen or bathroom remodel (or both!), the key to a successful project lies in proper planning and execution. This means teaming up with the right professional to bring your dream home to life, all while giving your property’s value a boost. Aside from offering recommendations based on your needs and preferences, remodeling experts can also give you the lowdown on tried-and-tested solutions in home improvement, guaranteeing you make the most of your investment.
Big or small, home improvement projects have something to offer. Whatever you choose, window and door replacement, interior and exterior painting and kitchen and bathroom remodeling are guaranteed to give your home’s value a boost by improving both form and function.