Homeowners renovate for two basic reasons: to improve their home's resale value or their enjoyment of their house. The best home improvements, however, are ones that deliver on both objectives.
If you'll be among the many homeowners opting to improve, rather than move, you may be wondering what renovations are likely to give you the best balance of enhanced resale value and immediate enjoyment.
It makes sense that the room where most families spend the bulk of their time would be a popular remodel - and one that pays off big in terms of value and comfort. Even a minor kitchen remodel - costing about $21,000 - will return about 78% of its value on resale, according to Remodeling Magazine. How do you do a minor kitchen remodel? Refacing kitchen cabinets is the right place to start. Instead of replacing the kitchen cabinets, which costs tens of thousands of dollars, cabinet refacing uses the existing cabinets and involves the replacement of the door and drawer fronts plus installing a veneer of new wood over the existing cabinets. This is usually done with your existing countertops in place if they are in good shape.
Whether you're tackling a major job that involves knocking out walls and changing fixtures, or just making cosmetic improvements like upgrading faucets, refacing vanities and cabinets and repainting, remodeling a bathroom goes straight to the heart of our craving for comfort. Americans view their baths as far more than a place to get clean and take care of other necessities. Even if you're not creating a home spa, improving the bathroom is sure to boost your home's resale value and increase your satisfaction with the room. Remodeling Magazine says the average bathroom remodel costs around $16,100 and returns up to 71% of that cost at the time of sale.
For more information on cabinet refacing and minor kitchen remodeling, contact Kenneth C. Lewis.
Excerpts – North Jersey