Popular media and industry publications often analyze the return on investment of a kitchen and/or bathroom remodel. Remodeling 2015 Cost vs. Value Report, conducted by Remodeling, found that on average, a homeowner can expect to spend approximately $16,700 on a midrange bathroom remodel and will recoup approximately 70% of the cost at resale. The average cost of a midrange kitchen remodel is almost $57,000, and a homeowner can expect to recoup approximately $38,500 of that cost when they sell their home. Kitchen and bath remodels increase home value, and homes with renovated kitchens and baths tend to sell faster than those that need updating.
Below we offer five the top five benefits of a kitchen renovation:
1. Increase Your Home Value
According to Wikipedia, in the United States the home remodeling industry is a $300 billion dollar/year business. Kitchen renovations are among the most popular and significant home improvements. Depending on the size and value of your home, you can expect to pay 10-25% of your home’s value for a high-quality kitchen renovation. Happily, a kitchen remodeling project is inevitably an excellent home investment. In today’s flourishing housing market, you can expect to yield a return on investment of 75-100%.
2. Increase Your Happiness
When planning the logistics of an expansive kitchen remodeling project, homeowners tend to forget the initial impulse that inspired the project: happiness. If you plan on living in your home for five or more years, the primary benefit of a kitchen renovation might not necessarily be increased home value. Happiness is extremely valuable! Keep happiness in mind when planning your own kitchen makeover. It’s easy to get lost in the complicated and tedious logistics. Allow yourself time to imagine how your new kitchen renovation might ease the stress of your life, bring your family together, or brighten the atmosphere of your home. These are all important and legitimate benefits. A new kitchen will make your home desirable, and when you do put your home on the market it won’t take long at all for you to get an offer.
3. Update Your Kitchen
Too many homeowners toil away their hard-earned free time cooking, eating, and cleaning dishes in stuffy kitchens with outdated appliances. Simply updating appliances can provide a major improvement, easing your cooking experience. With a new range, you might re-discover your lost love of cooking! With a new, larger sink, you might even find that you enjoy washing dishes. But a kitchen update does not even necessarily require new appliances. If cost is an issue, you can simply paint the walls and cabinets with a fresh, vibrant paint. You’d be surprised how a simple change in color can transform a stodgy old kitchen into an exciting new place!
4. Get Organized
A kitchen renovation offers a wonderful opportunity to streamline and optimize your available kitchen work and storage space. Most home cooks wage a continual battle for space. Other family members fill kitchen countertops with items that have nothing to do with the kitchen – purses, school books, or junk mail! A beautiful kitchen is a clutter-free kitchen, and any high-quality kitchen remodeling project will address work and storage space first. You might trade hard-to-reach cabinets for open storage spaces or build akitchen island for increased work space. With the help of an experienced kitchen remodeling professional, your organization options are limitless!
5. Get Safe
Many homeowners might not realize that working in an outdated kitchen can be dangerous. Outdated appliances might not function properly. Electrical outlets might not be properly grounded. Your floor might be damaged, leading to potential slips and falls. Your refrigerator might not keep food to a proper temperature, leading to food safety
Kitchen and bath remodels are two common ways to increase the value of a home. Of the two, a bathroom remodel is the easiest, as it usually involves improvements to the existing design, without any change to the overall layout of the room. And because many homes have the same, bland bathrooms that were originally installed by the builder, there is ample room for improvement in a bath remodel. There are lots of reasons why a bath remodel is a great choice. Here are just a few.
1. Get More Out Of Your Available Space
Think about your current bath layout. Chances are there are a variety of changes you would make, given the opportunity. Some common changes involve more counter space, larger closets and cabinets. Cabinets can be updated to hold electrical outlets for charging appliances like electric toothbrushes and razors. Or custom spaces can be made to hold a laundry basket or a drying rack. There are plenty of other options for adding improvements such as extra towel racks, more shower storage or even in-shower seating.
2. Find A New way To Relax
Take a page from commercial spas and remake your bath into a relaxing retreat. Spa-inspired bathroom amenities include rainfall-style shower heads, built-in music systems, as well as the use of natural materials such as bamboo and stone. Even something as simple as an upgrade to a newer, quieter model of bathroom exhaust fan is a great way to turn your bathroom into a quiet refuge.
3. Let Your Bath Reflect Your Personal Style
More than ever, there are opportunities to add your own personal style to your bath. And a bathroom’s smaller space is a great place to put your personal stamp for relatively little expense. Rustic details have become popular again, as has wallpaper. A bright hue of paint on the walls can go a long way in transforming a small room like the bath. Vintage pieces remain popular, such as a vintage storage unit to hold towels or toiletries. When combined with modern Euro-style cabinets, these pieces add charm and uniqueness to a bath. Sink and faucet designs now come in variety of shapes and finishes, ensuring there is something to appeal to everyone.
4. Enjoy the Latest Technology
Technology is ubiquitous in our lives. Even the bathroom is not spared. A bathroom remodeling project gives you the opportunity to enjoy the benefits of the latest technology. Even if you don’t need the high-end, computer operated toilets popular in Japan, This could be a Jacuzzi, wall mounted television, speakers, even green fixtures like new low-flow toilets.
Other great home improvements include a heated floor, a heated towel rack to keep towels fresh, a jetted shower, or simply better lighting.
5. Update the Look of Your Bathroom with Simple Changes
There are lots of smaller changes that can update an otherwise dated bath. New cabinet hardware is an economical upgrade. A standard wall mirror can be replaced with a custom-looking, more modern piece. A new color scheme is another easy change. Current colors featured include grey as a neutral, as well as blues and greens. Pantone’s color of the year, emerald green, with its lush, aquatic feel, is a great color to use in a bath.
6. Add value to your home with an updated bathroom.
Even if visitors to your home never see your bath, even if you don’t plan on selling in the near future, an improved and remodeled bathroom adds value to your home. For homes with standard, builder’s grade amenities, a bathroom upgrade represents a huge improvement for relatively little expense. Perhaps the best reason for improving your bath is that it is a room you use every day.