Whether you’re thinking about putting your house up for sale now or in the distant future, there are some home improvements that will improve resale value and make your home more marketable. While all home renovations can improve aesthetics and function in your home, some have a higher return on investment than others. Among the top are bathroom renovations and kitchen renovations.
Kitchens are one of the first things that a buyer will look at when considering a home for sale. Kitchen renovations are one of the most renovations among home owners. This is because the kitchen is considered the heart of the home. It is a place for spending time as a family, cooking, socializing and entertaining. Homeowners want their kitchen to be beautiful, functional and up-to-date. Home buyers want the same thing.
According to Remodeling Magazine’s Cost vs. Value report for 2018, a minor kitchen renovation will recover 81.1% of it’s initial cost. Using the costs the report provides, that means that if you spend $21,000 on a kitchen remodel, you can expect to put $17,000 onto your home’s listing price. Compared to other home renovations, a kitchen upgrade has one of the highest return on investment.
An experienced realtor will tell you that after the kitchen, the bathrooms are the second most important room to buyers. Even replacing the vanity, lighting and tub surround can dramatically improve the look of the room and make it more attractive to yourself and to future buyers.
If you want to add a second bathroom to your one-bathroom home, it is a costly investment but one that could pay off. Everyone prefers two bathrooms instead of one and it could help your home perform better on the real estate market. In the meantime, your family will thank you for that bathroom addition! Hiring a professional renovation company will ensure you’re getting the most out of your investment and a beautiful, functional bathroom you’re going to love.
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