It’s commonly noted that remodeling a kitchen and bath is a wise investment. With constantly changing markets and consumer opinions, is this true today? If you’re budgeting for a home remodeling project, it’s important to factor in the return on investment at the time of sale. The experts at Incredible Kitchens and Baths can help you determine the best use of money for the return. Since not every home investment is created equal, it’s time to do your homework.
Wisest Home Improvement Investments
Kitchen Remodel
Families spend most their time in the kitchen, making it a huge selling point. It is true that a freshly remodeled kitchen will improve resale value, but it doesn’t necessitate a complete overhaul. A simple facelift by updating lighting, wall color, and cabinets with new hardware return up to 80% of the cost.
Bathroom Remodel
Fresh, clean bathrooms are essential for positive guest experiences. Focus bathroom remodeling efforts on replacing the vanity, lighting, and toilet for updated efficiency. Plan to recoup at least 50% of the cost.
New Doors
A new garage door and front door make a first impression on a home’s safety, security, and aesthetic appeal. A new door gives a polished, strong look. Adding electric openers to garage doors is a simple selling point with an 85% return on cost.
Energy Efficiency
Energy efficient appliances look sharp with the added cost savings bonus. In addition to reductions in energy bills, energy efficient appliances also offer tax advantages.
Adding insulation is an inexpensive way to save money on heating and cooling bills, and it also looks very appealing to buyers. With an estimated return of 108%, this is a wise investment.
Updating Landscaping
Many homeowners focus their attention on the home itself and neglect the outdoor accents. Remove old, woody shrubs, and install updated landscaping for 105% return on investment.
Home ownership is an investment. Each small improvement adds quality of living and enjoyment to the existing residents. Once it’s on the market, these improvements can offer payback incentives. Do your homework, and consult with the home renovation experts before you begin your construction project. Contact Incredible Kitchens and Baths at (765) 437-1038 for an on-site consultation to discuss your home improvement project.