How Remodeling Improves the Value of Your Home
Aside from aesthetics and a fresh design, what is the purpose of remodeling? Throughout 2021 thus far, the housing market has been crazy, to say the least. If you are considering selling your home but want an even higher payout (more than what overbidders are already offering), then remodeling is the correct route. Overall, making any new changes to a home boosts the return on investment.
Of course, minor projects can be completed by homeowners themselves, but quality must play a significant factor in any "do-it-yourself" situation. Is your time worth less than a professional result?
According to the National Association of Realtors, "a complete kitchen renovation ranks highest in appeal to buyers, followed closely by HVAC replacement and bathroom renovation." Furthermore, "after a kitchen upgrade, 29% of homeowners state having better functionality and livability and 46% for a complete kitchen remodels." Who knows, maybe after remodeling, you will change your mind about selling in the first place and fall in love with your home all over again.
Top 4 Kitchen Remodels for ROI
Style – ROI will improve drastically with just a few simple changes such as painting or more detailed coordination of the kitchen's overall theme.
Cabinets – Buyers heavily search for kitchens with updated cabinets and an excess of storage space.
Appliances – New appliances and hardware make buyers feel more confident that their kitchen will survive wear and tear for many years to come.
Backsplash and Flooring – Like style, so long as the flooring and backsplash meld into the design of the room and aren't too damaged, then it is a project easy to ignore yet eye catching when new and beneficial when trying to improve ROI.
Top 4 Bathroom Remodels for ROI
Shower/Tub – Statistically, buyers correlate the newness of a shower/tub with the home's cleanliness. By renovating this aspect of the bathroom, buyers will feel more relaxed in their decision to buy.
Counter Space – Many homeowners strongly consider the available counter space in the bathroom for getting ready. By expanding the counter as much as possible, it will make the room more attractive to buyers.
Sink – Consider adding a double sink as most homeowners don't live alone.
Flooring – Similar to the kitchen, so long as the flooring isn't too damaged, this project is easy to ignore yet beneficial when improving ROI.
If you have decided remodeling is the right choice for you before putting your home on the market, choose to work with Twin Spires Remodeling. We are a professional remodeling company that has been in the industry for decades and has an incredible reputation in the Louisville, Kentucky, area. If you want to see our client reviews, click here. And if you're ready to get started, click here.
~
Twin Spires Remodeling is second generation in the remodeling, cabinetry, and craftsmanship industry. We specialize in basements, bedrooms, bathrooms, kitchens, and whole-house remodels. We've revolutionized the local remodeling market in Louisville, Kentucky with our one-of-a-kind processes and procedures. With over 50 five-star reviews online, Twin Spires Remodeling should be your first choice when you're ready to upgrade. Visit our pricing guide online or call us at 502.845.3180!
~