How Can Kitchen And Bath Remodeling Increase Your Home's Value?
Remodeling projects can change the entire look of your home. It can rejuvenate your house and breathe a new life into it. The kitchen and remodeling are perhaps the most important renovation projects among the remodeling projects.
According to the world’s best kitchen and remodelers, here is how remodeling both locations in your home increase the property value.
Clients Look At The Bath And Kitchen First:
You might be aware of the saying: the first impression is the last. When touring a property, these locations are the first to be seen. The very first thing any potential buyer will look at is your kitchen and bathroom. They will see the design, aesthetic, and functionality of the whole space, and an image of the entire property's layout will form in their mind by just observing these two spaces.
They Can’t Be Easily Repurposed:
Buyers will pay more attention to the baths and kitchens; because they will behave to be used. Other rooms can be easily repurposed and renovated, but changing the kitchen and bath is challenging without a more extensive remodeling project. Some will accept that because they want to renovate the entire house. However, for those pouring all their savings into this endeavor to get ready to live in a house, damaged kitchen and baths are bitter pills to swallow.
Kitchen And Remodeling Projects Are Expensive:
By now, it might have been clear to you how much new buyers avoid homes with old, shabby kitchens and bathrooms. Other than the inconvenience and wastage of time, there is another reason for avoidance: costs. Remodeling kitchen and bath areas is an expensive endeavor. If the new owners know that they have to spend their own money on renovation anyways, they won’t offer you much in return. However, if you do that work beforehand, you can still expect some return on your investment.
Most Commonly Used Area Of Your Home:
The kitchen and bathrooms will be used, no matter what. As mentioned above, the rest of the rooms can either be repurposed, renovated, or blocked off quickly. But the same thing can't be done with the kitchen and bath. They have to be used no matter what. You won't have any other option.
Remodeling Kitchen And Baths Will Cause Disruption:
New buyers often hope to buy a ready live-in house. If they realize that they have to remodel or renovate the bath area and kitchen, they will hesitate to buy. When the client realizes that they have to do all the remodeling work, they will either not buy the property or decrease their offer. This is because they know that if they buy the home, they will be the ones paying for the renovation project. Additionally, they won't live in the house until both places are ready, because it is impossible to live without a bath and kitchen. Hence, you won't get as much you might be hoping for. If you do the work yourself, you will get more in return.
Erasing Signs Of Age And Damage:
Remodeling isn't just to give a new look to the space. It is also done to restore the house to its previous condition. In other words, through renovation, you can erase a lot of damage caused by age, fire, natural disaster, or some other cause. Of course, new potential owners of the house would like to buy a stable property and won't come down falling on their heads. By remodeling the kitchen and bath, you can reinforce the stability and erase all the signs of age and damage.
Updating Your Home:
Trends change all the time, and house renovation designs are no different. '
More clients in the market want a ready-made home, preferring it to construct their house themselves. Consequently, they will try to buy the property that matches their wishes as closely as possible. One of those wishes is a home with modern style and aesthetics. If you update your home by remodeling the kitchen and bath areas, you can rest assured that more clients will come your way.
Statistics Show That:
According to the 2019 Remodeling Impact Report by the National Association of Realtors (NAR), kitchen remodeling is the third typical remodeling project. Here are the numbers they gave.
Minor Kitchen Remodel – Midrange:
- Average cost: $23,452
- Average resale value: $18,206
- Recouped expenses: 77.6%
Major Kitchen Remodel – Midrange:
- Average cost: $68,490
- Average resale value: $40,127
- Recouped expenses: 58.6%
Major Kitchen Remodel – Upscale:
- Average cost: $135,547
- Average resale value: $72,993
- Recouped expenses: 53.9%
For Bathrooms;
Midrange bathroom renovation:
- Cost: $20,420
- Resale value: $13,717
Upscale bathroom renovation
- Cost: $64,743
- Resale value: $38,952
To summarize, you will never get a 100% return on your home investments. That can happen, but it is extremely rare. In past years, it was recorded that kitchen and bath remodeling generated the highest ROIs (Return on Investment) along with window and deck replacements.
Conserving Space:
Remodeling both areas give you a lot of options on space of conservation. A larger demographic prefers living areas with more open space, proper ventilation, and sufficient lighting. Through remodeling, you can achieve a lot of that.
Energy Efficiency Is Preferred:
Indeed, energy-efficient homes cost higher than other properties. There is an added benefit of conserving energy costs, so many people would prefer to buy such homes, no matter their cost. Through remodeling the kitchen and bath area, you can change all the lighting systems and other relevant elements to make it energy efficient.
Multifunctional Space Is Best:
Remodeling projects allow you to change the entire outlook and how you use the space. Most kitchen and bath remodelers suggest incorporating a style that will also you the maximum use of available space. Shelves, cabinets, shower area, stools, furniture, cupboards, countertops, everything can be repurposed for multifunctional purposes. This is a trend that most of the modern generation buyers approve of.
Why Hire Professional Kitchen And Bath Remodelers:
For many reasons:
- They are professional.
- They have experience.
- Professional kitchen and bath remodelers have all the proper tools and equipment to maintain and clean, other than initial construction.
- They will complete the whole project in a relatively short amount of time.
- They can suggest individualized designs and styles for the kitchen and bath remodeling.
How To Find The Best Kitchen And Bath Remodelers Near Me:
Follow the following steps to find the best kitchen and bath remodelers in your area.
- Ask for recommendations from people you know. Keep in mind that the only viable options are those companies whose services have been availed before by your friends or contacts.
- Limit your search to the local area. You can find many reliable ones at close distances.
- Don't be stingy. Sometimes, contractors who demand high amounts have their service quality to back them up. However, that does not mean that you should agree to unreasonable amounts.
- Go for those who have many years of experience. The more working experience they have, the better their service will be.
- Please search for the lists of best kitchen and bath remodelers near me. You will find a lot of them online. Make sure your location is on when you are doing that. You can also input your location in the search tab.
- Ask for their qualifications. You have the right to ask this, and reliable contractors and companies will be more than happy to provide you with their certifications.
- Check if they have proper licenses and certificates to operate in your local area.
- Ask them if they know the basic safety procedures implanted in your region.
- Ask for their insurance policy. Negotiate who will be paying compensation for any property damage.
- Get quotes from the different kitchen and bath remodelers. Compare all the estimates, and hire the contractor who will be most suitable for your wallet.
Conclusion:
Of course, kitchen and bath remodeling are expensive projects. But they are the type of projects that guarantee you some return on your investment. A good kitchen and bath can create a long-lasting impression on the viewer, be the buyer, homeowner or guest. So it is not just for increasing the resale values; it is also for your mental health. A better-looking living area can do a lot of wonders.
So be sure to hire the best kitchen and bath remodelers near you. If you follow the above instructions, you will be able to find the reliable one in a matter of days.