Cost Versus Value
It is a topic
that comes up frequently with our clients.
Yes, you will see an increase in value after investing in a well done
bathroom or kitchen remodel.
With housing prices increasing,
now is the time invest in your home to capitalize on its value. A good design
can help you make a wise investment that not only will allow you to enjoy your
new kitchen or bathroom, but more importantly, be profitable to you should you
ever decide to sell your home.
What can you expect to get back? What does it cost to remodel a kitchen? The average cost of a moderate kitchen face lift remodel is priced around $20,000 while the average cost of an upscale kitchen remodel could be up to $125, 000. Most remodels fall somewhere in between these prices. Typically a well-done kitchen remodel will yield a 54% to 81% return on your investment.
Likewise, bathroom remodel will see a return on your investment. An average cost of a master bathroom remodel is priced between $25, 000 and $61,000. A well-done bathroom remodel should bring you a return of 56% to a 70% return on your investment.
The details that you may believe
are insignificant can turn out to be major selling points for your home. Even minor changes like replacing an outdated vanity, lighting, fixtures, or hardware will guarantee increased profit to you.
It pays to improve your home, not just for your own enjoyment, but for your wallet, too. It's a little bit like getting to live in your savings account.
