The purpose of home remodeling is to restore and refresh its overall look, but don’t ignore those critical home remodeling values. In today’s volatile real estate market, it’s more important than ever to spend your dollars on the rooms that will maximize your investment and give your the most bang for your buck. But which rooms will give you the most bang for your buck? Should you focus on remodeling your kitchen, or is your money better spent on remodeling your master bathroom?
Here are the top four remodeling and addition projects that will give you the biggest return on your investment:
Kitchen Remodeling
Kitchen remodels are the undisputed champion among home remodeling projects that add to home values. From a real estate standpoint, nothing can make or break a home’s overall value like the condition of the kitchen, and even a minor kitchen facelift can boost your home’s total value. A recent report released by Remodeling Magazine in November 2010 indicated that making small changes in the kitchen is great value for money, and according to HGTV, kitchen remodels return more value than any other home remodeling task.
2nd Bathroom Addition or Remodel
Whether you’re remodeling your home to improve its appearance or to show to prospective buyers, a second bathroom addition is an excellent investment thanks to its ability to skyrocket a home’s value. If you don’t want or need to add a second bathroom, you can still engage in serious value-boosting bathroom remodeling by fixing up your existing bathroom. Either way, your investment will be well spent and add directly to your home’s value.
Current hot items in bathrooms include granite countertops, a large tub or shower with multiple spray features, his and hers vanities, plenty of outlets, heated towel racks and heated flooring.
Family Room Remodeling
Apart from the kitchen, the family room is arguably the most-used room in the house; so investing in a family room remodeling project is money well spent. Real estate experts agree that family room remodeling projects are excellent investments because family rooms are one of the top rooms that prospective buyers take into consideration when purchasing a home.
Master Bedroom Remodeling
Master Bedrooms have changed a lot in the last couple of years. People now expect master bedrooms to have a lot of space, with sitting areas, large closets, and dressing areas. Some homes are even adding snack areas to their master bedroom.
“This is not your grandparents’ bedroom anymore,” says Rich Trethewey, plumbing expert for the PBS series “This Old House.”
Homeowners are expanding their master bedrooms by knocking down walls and combining adjoining rooms to create huge master suites.
Hot items in today’s master suites include recessed lighting, internet access, lighting and ceiling fans with remote controls, and large entertainment areas for tvs and stereos.
Conclusion
When it comes to home remodeling values, there’s no denying that these four rooms give you the most bang for your buck. When considering remodels or additions to your home, keep in mind your personal preferences may not add as much value as standard updates and general renovations; however, they do go a long way in keeping your home modern and working for you.
If you’ve been thinking about remodeling or adding an addition to your home, contact us and we’ll help you plan what’s best for your home.
