Everyone knows that the value of a home plays a big role in its sale. If you want to maintain the value of your home, then you have to constantly be on top of your remodeling game. Homeowners engage in home upgrades for various reasons. Sometimes, a homeowner may want to improve the aesthetics of the home, other times it is a bid to increase the sale price of the house.
Whatever the reason is for upgrading your home, you should note that not all upgrades will improve the value of your home. That is why it is important for you to focus on your bathroom and toilet because those are places in a house that can really raise the sale value.
How Can Bathroom Renovation Improve The Value Of a Home?
There are three levels to bathroom renovation. There are the upscale, midrange and minor renovation levels. Did you know that if a homeowner sells his home after renovating the bathroom, they can recover about 60-70% of their upgrade investment.
On a scale of 1 to 10, upscale and midrange bathroom renovations provide a delight score of 9.6. Compared to expensive refurbishment, midrange upgrades yield higher returns. On the joy ratings, however, high-end upgrades outperform moderate remodeling. Therefore, for homeowners planning to sell the property, it is advisable to go for upscale bathroom renovations because it will accelerate the sale of the property.
What are The Bathroom Renovations That Offer The Best Return of Investment
There are several renovations you can do on your bathroom that will drastically improve your home price. Below are some of them.
- Heated floor installation
- Replacing current floors
- Repair and wall repainting
- Installation of a heated floor
- Exhaust fan installation for humidity reduction
- Upgrade is the vanity area and addition of granite and modern sinks
- Replacing worn out plumbings
- Installation of shower head with multiple flow settings
- Cabinet update
- Installation of walk-in shower with an enclosed glass
How Can Kitchen Renovation Affect a Home’s Value
Kitchen upgrade also comes in the minor, midscale and upscale level. On the average, upgrading the kitchen comes with a 60 to 80% return on investment.
However, homeowners should be aware that the restoration is not expensive, which is why the value increased. It doesn’t necessarily follow that expensive renovations will result in higher returns. Minor and midscale kitchen upgrades yield more returns than major ones. However, extensive renovations will hasten the sale of your home.
Deep cleaning, countertops and appliances, and replacing or refacing drawer fronts and cabinet doors are examples of minor modifications. Expanding the floor area,removing or rerouting the plumbing and replacing the floors are all examples of major kitchen renovations.
What are The Kitchen Renovations That Offer The Best Return of Investment
There are several renovations you can do on your kitchen that will drastically improve your home price. Below are some of them.
- Installation of a backslash
- Installation of new floors
- Addition of extra storage
- Addition of a pantry
- Creation of an open floor plan by merging dining and kitchen
- Changing of the plumbing fixtures
- Painting of the kitchen walls in modern colors
Conclusion
Home remodeling is something we must all engage in at some point as homeowners. If you want your home to look attractive then it is best you start thinking of how you are going to remodel. Furthermore, remodeling your home rapidly increases the resale value of your home. Visit us at Saxtremodeling for all your home remodeling jobs.