As a homeowner, there are always home improvement projects on your ‘to-do’ list. But which of these home improvements will deliver the best return on investment. Plenty, but two of the best improvements are kitchens and baths. Kitchens and bathrooms are the most important rooms for potential buyers and therefore deserve attention when it comes to remodeling and upgrades.
Invest in Kitchen Remodeling - Kitchen renovations are a costly home improvement project. But they have the potential to significantly increase your resale value. However, not all kitchen remodeling projects need to be expensive. It is all in the approach. Are you cabinets in good shape, just outdated and unattractive? If so, then cabinet refacing is an easier less expensive way to get the look and feel of new cabinets without spending the money. In fact, not only will refaced cabinets increase the value of your home, we cause minimal interruption to your normal home life because we will only spend 3 - 4 days in your home. We can even can replace or repair damages to existing cabinets.
- For new kitchen counters that may cost $5,000 , the resale value is $8,600
- For new kitchen cabinets that cost $870, the resale value could be $1,496
- New appliances like stove, dishwasher and refrigerator could cost $4,000 but the resale value could be $6,640
Bathroom Remodeling - If your bathroom fixtures and cabinets are a bit older, you still don’t have to spend too much. Refacing bathroom cabinets and updating fixtures and tile will give your bathroom a bright, clean finish. If you would like to do a more complete bathroom remodel, consider upgrading your guest bathroom. Guest bathrooms are usually smaller than master baths, and so require a smaller investment. Replacing a guest bathroom's counter and vanity gives an average resale value of $1,620.
For more information, contact Cabinetry by Kenneth C. Lewis.